Gold climbed $20.40 to $1306.70 by early afternoon in New York before it pared its gain into the close, but it still ended 1.34% higher on the day. Silver surged to as high as $20.224 after this morning’s jobs report was released before it also fell back off, but it still ended with a gain of 0.5%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 4 April, 2014
The New York gold price closed at $1,286.30 down $5.70 on Thursday, in New York. Asia held the price there on Friday morning, before London lifted it over $1,290 ahead of the Fix. The gold price was Fixed in London at $1,293.50 up $6.25. In the euro, it Fixed at €943.747 up €8.653 as the euro was weaker at $1.3706 up from $1.3766: €1. Ahead of the opening in New York gold stood at $1,291.40 and in the euro at €941.97. Full Story
While speculators continue to play games with the paper or digital price of gold at quarter, half year and year end, physical demand continues to be robust globally and especially in Asia. ANZ Banking Group said yesterday its gauge of demand in China increased last month. China, the world’s biggest buyer continues to import huge quantities of gold on a monthly basis and will likely have another record year of imports and total demand in 2014. Full Story
By: Manan Somani, Insignia Consultants - 4 April, 2014
Gold has been trading in $1280-$1300 range so far this week. This range will be broken by tomorrow and a new range will be formed. Gold bulls just hope that gold is able to trade over $1270 till next week to entice short term buying interest. There will be another wave of selling to $1233 and $1188 on a fall below $1270 if gold does not break $1303 by Monday. Tomorrow's US march nonfarm payrolls has to come in pathetic for another round of rise. We expect a positive outlook on US hiring ahead of the Easter vacations. Full Story
Gold edged up to $1293.95 in Asia before it fell back to $1281.72 in London, but it then climbed back higher in New York and ended with a loss of just 0.29%. Silver slipped to as low as $19.673 and ended with a loss of 0.6%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 3 April, 2014
The New York gold price closed at $1,292 up $7.50 on Wednesday, in New York. Asia held the price there on Thursday morning. London took it down $5. The gold price was Fixed in London at $1,287.25 up $3.25. In the euro, it Fixed at €935.094 up €4.187 as the dollar stood at $1.3766 up from $1.3793: €1. Ahead of the opening in New York gold stood at $1,286.65 and in the euro at €934.79. Full Story
Gold added to sharp overnight gains today due to physical demand. Traders appear to be squaring positions before the release of U.S. nonfarm payrolls data. With the U.S. economic recovery faltering of late, a worse than expected number could lead to safe haven buying. Full Story
By: Manan Somani, Insignia Consultants - 3 April, 2014
We have been advising to short euro/usd and we continue with the same strategy. A strong greenback will prevent gold prices from a sudden big zoom unless Ukraine tensions move over the stratosphere any time. The only surprise from today's European central bank meet will be reaffirming a low interest rate policy till the end of next year. Ukraine has to be resolved for eurozone's growth sake as early as possible. There are chances that USA will use some of the eurozone's nations as a dumping ground for its exports. Full Story
Gold climbed over 1% to $1294.49 by late morning in New York before it edged back lower in afternoon trade, but it still ended with a gain of 0.74%. Silver surged to as high as $20.142 and ended with a gain of 0.76%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 2 April, 2014
The New York gold price closed at $1,280.50 down $2.80 on Tuesday, in New York. Asia lifted the price $4 on Wednesday morning. London held it there at the opening. The gold price was Fixed in London at $1,284.00 down $2.50. In the euro, it Fixed at €93o.907 down €1.542 as the dollar stood at $1.3793 up from $1.3797: €1. Ahead of the opening in New York gold stood at $1,283.70 and in the euro at €930.86. Full Story
Gold climbed in London, its first rise in 3 days. It is believed that the seven week low will lead to renewed physical buying in China. Gold bullion of 99.99% purity for delivery in Shanghai traded at a premium to the London price earlier today, Bloomberg data showed. China was last year’s largest gold buyer and is already on course to surpass last years record demand. Full Story
By: Manan Somani, Insignia Consultants - 2 April, 2014
US private ADP numbers will be the key. The next four days till Monday are very crucial for gold and silver from a technical perspective. We have the European central bank meeting and US March employment numbers among other things. The developments in Ukraine are just the calm before the whirlpool. Full Story
Gold edged down to $1278.47 in Asia before it rebounded to $1287.81 in London and then dropped back to $1277.77 by midafternoon in New York, but it then bounced back higher into the close and ended with a loss of just 0.22%. Silver slipped to $19.678 before it rebounded $19.902 and then also fell back off, but it still ended with a gain of 0.1%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 1 April, 2014
The New York gold price closed at $1,283.30 down $9.40 on Monday, after a week where the $1,290 level was the consolidation point, in New York. Asia lifted the price $3 on Tuesday morning as the start of the new month began. London took it down to $1,293.50 at the opening. The gold price was Fixed in London at $1,286.50 down $7.50. In the euro, it Fixed at €932.449 down €7.412 as the dollar stood at $1.3797 down from $1.3777: €1. Ahead of the opening in New York gold stood at $1,288.00 and in the euro at €933.77. Full Story
Gold hovered near a 7 week low in London as investors await the jobs report Friday and clarification regarding the Fed’s policy stance after mixed signals from Yellen in recent days. While gold fell in March, it logged a 6.8% gain for the first quarter and is one of the best performing assets year to date. Full Story
By: Manan Somani, Insignia Consultants - 1 April, 2014
It is a new quarter. The trading strategies which worked in the previous quarter may not work this quarter. This is the uniqueness of 2014. Same trading strategies will not work every quarter. Gold and silver bulls will be dependent on three key factors this quarter: (a) Escalation of Ukrainian risk (b) US interest rate outlook for the rest of the year (c) Global physical gold demand and more so when India opens up gold imports. In this quarter gold needs to trade over $1230 to be in a long term bullish zone. Full Story
By: Chris Mullen, Gold-Seeker.com - 31 March, 2014
Gold climbed up to $1298.06 in Asia before it fell back to as low as $1282.52 in afternoon New York trade and then bounced back higher into the close, but it still ended with a loss of 0.73%. Silver climbed to as high as $20.006 before it fell back to $19.726, but it then edged back higher in late trade ended unchanged on the day. Full Story
Gold is trading close to a 6 week low today and looks set to have its first monthly decline this year. The weakness is being attributed to hopes of a U.S. economic recovery and the recent abatement in geopolitical tension between Russia and the West. Gold bullion is down 3% in March and is almost $100/oz below a six month high reached in March. It has fallen $100 in 10 trading sessions. The U.S. non farm payrolls figure Friday will give another glimpse as to the health of the struggling U.S. economy. Full Story
A quarter is about to begin. US March nonfarm payrolls will be the key apart from central bank meetings of India, the Eurozone and the UK in the next two weeks. Silver will track copper. Technically copper seems to have formed a short term bottom and should rise. Full Story
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