By: Chris Mullen, Gold-Seeker.com - 4 September, 2015
Gold popped up to $1129.52 after the release of this morning’s jobs report before it fell back to $1117.19 in the next hour of trade, but it then bounced back higher for most of the rest of the day and ended with a loss of just 0.29%. Silver slipped to as low as $14.503 and ended with a loss of 0.75%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 4 September, 2015
On Thursday New York closed at $1,125.40 down $8.20. The dollar was stronger at $1.1140 down from $1.1335 at the close, against the euro, with the dollar Index stronger at 96.34 up from 95.91 yesterday. The LBMA gold price was set at $1,125.00 down $5.05 today. The euro equivalent was €1,010.01 up €3.15. Ahead of New York’s opening, gold was trading at $1,123.30 and in the euro at €1,008.62. Full Story
Investors suffered financial losses in recent weeks as stocks globally came under pressure in August and had their worst month in the last three years. In one of the most volatile trading periods since the global financial crisis, August saw a massive $5.7 trillion erased from the value of stocks worldwide. No major stock market was left unscathed and the risk of financial and economic contagion became evident again. Full Story
By: Chris Mullen, Gold-Seeker.com - 3 September, 2015
Gold fell $11.63 to $1121.97 at about 8:45AM EST before it bounced back higher at times, but it still ended with a loss of 0.72%. Silver slipped to as low as $14.577 before it jumped up to $14.953 and then fell back off, but it ended at just unchanged on the day. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 3 September, 2015
On Monday New York closed at $1,133.60 down $6.20. The dollar was stronger at $1.1335 at the close up from $1.1496, against the euro, with the dollar Index stronger at 95.91 down from 95.39 yesterday. The LBMA gold price was set at $1,130.05 down $9.95 today. The euro equivalent was €1,006.86 down €5.35. Ahead of New York’s opening, gold was trading at $1,129.15 and in the euro at €1,006.15. Full Story
Respected economist and historian and the editor of the ‘Gloom, Boom & Doom Report’ Marc Faber warned on Bloomberg TV’s Market Makers yesterday that there are now “no safe assets” including deposits and said that he is focusing “on precious metals.” In another informative and interesting interview, Faber spoke about dangerous central bank policies and the stupidity of QE, the cause of inequality including competitive currency devaluations and warned that even deposits are no longer safe. Full Story
Indian gold imports in the first eight months of the calendar year are estimated to be 40% higher at 587 tonnes year-on-year. 2015 is likely to close with over 1000 tonnes imports. The import bill for the first 8 months is estimated at $23 billion, up 42% year on year. Imports in the month of August are estimated between 85-100 tonne compared to 67 tonne in August, 2014, a rise of around 50%. In July this year, imports were 97 tonne. If the final figure for August comes near to 100 tones as estimated, it will be perhaps the highest August import. In August 2011 the import was 91.8 tones. Full Story
By: Chris Mullen, Gold-Seeker.com - 2 September, 2015
Gold edged up to $1142.40 in Asia before it fell back to $1132.25 in late morning New York trade and then bounced back higher, but it still ended with a loss of 0.54%. Silver jumped up to $14.828 at about 10AM EST before it dropped back to $14.453 in the next hour of trade, but it then edged back higher into midday and ended with a gain of 0.62%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 2 September, 2015
China is closed as we write this and will be closed until Monday. Without the upward pressure of gold demand from there will we see an attempt to force the gold price down again? This may be a last chance to try that before the ‘gold season’ really starts. As it is the gold price is in the mid-range of its gold consolidation phase at the moment. Next week will see Asian demand rising steadily. Full Story
Demand for safe haven assets such as Treasuries, gold and silver remerged. Despite a month over month decline in coin sales amid volatility in the metals market, the U.S. Mint posted solid coin sales in August. According to the latest data on the US Mint’s website, sales of the American Eagle Bullion gold coin amounted to 101,500 ounces last month, down 40% from the 170,000 ounces sold in July. However, year-over-year, coin sales rose 306% when compared to the 25,000 ounces sold in August 2014. Full Story
By: Chris Mullen, Gold-Seeker.com - 1 September, 2015
Gold gained $12.10 to $1147.60 by a little after 9AM EST before it fell back to $1137.69 in the next hour of trade, but it then bounced back higher in afternoon trade and ended with a gain of 0.38%. Silver rose to as high as $14.767 and ended with a loss of 0.27%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 1 September, 2015
On Monday New York closed at $1,135.50 up $1.10. The dollar was stronger at $1.1335 at the close up from $1.1496, against the euro, with the dollar Index weaker at 95.94 down from 96.07 from Monday. The LBMA gold price was set at $1,141.90 today. The euro equivalent was €1,o14.26. Ahead of New York’s opening, gold was trading at $1,143.55 and in the euro at €1,015.54. Full Story
Gold rose 4% in August as stocks globally saw sharp falls on growing concerns about the Chinese and the global economy. Silver was 1% lower for the month of August and also acted as a hedge from falling stock markets globally. Full Story
By: Chris Mullen, Gold-Seeker.com - 31 August, 2015
Gold fell $7.69 to $1126.71 at about 9AM EST before it rallied back to $1135.38 in the next few hours of trade and then chopped back lower in early afternoon trade, but it then jumped back up to $1136.55 in the last minutes of the day and ended with a gain of 0.1%. Silver rose to as high as $14.675 and ended with a gain of 0.34%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 31 August, 2015
On Friday New York closed at $1,134.40 up $10.30. The dollar was stronger at $1.1335 at the close up from $1.1496, against the euro, with the dollar Index stronger at 96.07 up from Friday’s 95.19. Because of the Bank Holiday in the U.K. no LBMA gold price was set today. Ahead of New York’s opening, gold was trading at $1,132.80 and in the euro at €1,010.80. Full Story
Last week gold and silver prices fell and gave up some of the gains from the previous week. Gold was 2% lower on Friday and indeed 2% lower for the week and closed at $1134.40 per ounce. Silver was 4.5% lower for the week and closed at $14.59 per ounce but is just 1.8% lower for the month of August. Full Story
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