Gold edged down to $1549.10 in Asia, but it then soared to as high as $1581.10 in New York and ended with a gain of 1.67%. Silver surged to as high as $27.35 and ended with a gain of 1.56%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 5 April, 2013
Gold closed in New York at $1,553.10 up $5 on yesterday, as the price fall slowed then turned. In Asia and London it traded slightly lower to $1,550 ahead of the Fix in London which was set at $1,552.75 up $7.50 and in the euro at €1,201.354 down €6 while the euro was at €1: $1.2925 up 1.25 cents. Ahead of New York’s opening it traded at $1,554.40 and in the euro at €1,202.91. Full Story
U.S. DOLLAR gold prices climbed back towards $1556 per ounce Friday morning in London, the level that was until yesterday's falls the 2013 low, as stocks and commodities fell ahead of the release of monthly US jobs data. Full Story
Gold is higher in most currencies today except the Japanese yen. Gold surged over 3% to 0.149 million yen per ounce yesterday as markets shuddered due to the scale of currency debasement soon to be seen in Japan. Full Story
By: Manan Somani, Insignia Consultants - 5 April, 2013
From a technical perspective today’s close is very important for gold and silver. A daily close below $1535 for gold and a daily close below $2605 for silver will trigger the next wave of collapse in the next two weeks. So yes, today’s close is very important. In case gold and silver continue to fall after the US nonfarm payrolls are released then even physical buyers as well jewelry buyers will stop for once and wait for more fall before they can enter. Full Story
Gold fell $17.81 to as low as $1540.19 at about 4:30AM EST, but it then rallied back higher for most of the rest of trade and ended with a loss of just 0.31%. Silver slipped to as low as $26.63 and ended with a loss of 0.37%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 4 April, 2013
Gold closed in New York at $1,558.30 down $17 on yesterday, making $40 in two days. In Asia and London it traded lower down to $1,543 ahead of the Fix in London which was set at $1,545.25 down $23 and in the euro at €1,207.415, down €22 while the euro was at €1: $1.2798. Ahead of New York’s opening it traded at $1,546.00 and in the euro at €1,205.32. Full Story
The PRICE of GOLD extended its worst two-day drop vs. the Dollar since June last year Thursday morning in London, falling as low as $1540.50 per ounce before rallying to $1551. Commodities also stemmed their fall and major government bonds trimmed earlier gains. European stock markets were mixed, but Japanese shares leapt 2.2% on the day after the central bank in Tokyo vowed "to use every means available" to reverse the country's two-decade economic depression and price deflation. Full Story
While gold is lower in dollars and in most currencies today, it is sharply higher in Japanese yen after the BOJ announced the continuation of ultra-loose monetary policies and even more radical measures in a clear signal that currency wars are set to deepen. Full Story
By: Manan Somani, Insignia Consultants - 4 April, 2013
The Federal Reserve could start tapering its $85 billion-a-month asset-purchase plan by the summer, said John Williams, president of the Federal Reserve Bank of San Francisco yesterday. This can result in more losses for gold and silver while base metals will be volatile despite the bearish trend. Full Story
Gold fell $11 to $1564.30 in Asia before it rose to see a slight gain at $1576.46 by a little after 10AM EST, but it then fell to as low as $1549.91 in the next three hours of trade and ended with a loss of 1.1%. Silver slipped to as low as $26.737 and ended with a loss of 1.03%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 3 April, 2013
Gold closed in New York at $1,575.30 down $23 on yesterday. In Asia and London it traded lower down to $1,568 ahead of the Fix in London which was set at $1,568.50 and in the euro at €1,222.81, while the euro was at €1: $1.2827. Ahead of New York’s opening it traded at $1,571.65 and in the euro at €1,226.41. Full Story
FOLLOWING a sharp drop yesterday, the gold price traded near one-month lows Wednesday morning, hovering just above $1570 an ounce by lunchtime in London, as stock markets ticked lower following gains yesterday. Full Story
Gold has fallen to $1,570/oz as irrational exuberance continues in international markets with investors piling into equities as the U.S. stock market ‘crack up boom’ continues ... for now. Risk appetite remains recklessly high with the Dow Jones Industrial average up another 90 points yesterday to 14,662 and now targeting 15,000. This risk appetite is continuing to pressurise gold. Full Story
By: Manan Somani, Insignia Consultants - 3 April, 2013
The increase in the profitability of US auto companies along with strength in other sectors of the US economy has resulted in investment outflows from gold, silver and emerging markets into US equities and US stock markets. If this trend continues in April then gold will fall to $1478 and $1410 in April and silver can fall to $2498 and $2167 in April. Bears have the upper hand but bull still have a ray of hope if March US nonfarm payrolls come in way below expectation. Full Story
Gold fell to as low as $1573.70 by a little after 1PM EST before it bounced back higher in the last few hours of trade, but it still ended with a loss of 1.45%. Silver slipped to as low as $27.183 and ended with a loss of 2.71%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 2 April, 2013
Gold closed in New York at $1,598.50 before the long weekend. In Asia and London it traded over $1,600 ahead of the Fix in London which was set at $1,597.75 and in the euro at €1,244.64, while the euro was at €1: $1.2837. Ahead of New York’s opening it traded at $1,597.25 and in the euro at €1,244.35. Full Story
U.S. DOLLAR prices to buy gold dipped back below $1600 an ounce Tuesday morning, though they remained close to that level by lunchtime in London, as the physical bullion market re-opened following the Easter break. Full Story
U.S. economic data was weak. U.S. factory activity grew at the slowest rate for the first 3 months of the year, highlighting that the U.S. recovery is still encountering many bumps along the road. The poor data bolstered the yellow metal’s safe haven appeal; however investors will be awaiting the U.S. nonfarm payrolls data on Friday. Bank of Japan and European Central Bank policy meetings are Thursday. Full Story
By: Manan Somani, Insignia Consultants - 2 April, 2013
Manufacturing numbers in the US have been below market expectation suggesting the continuation of a firm trend in gold and silver. Base metals will rise when value based physical buying comes up. Copper and zinc are looking attractive at the moment for medium term investing. Full Story
Gold chopped around in a tight range of $1595.00 to $1600.90 in lackluster post-holiday trade and ended with a gain of 0.06%. Silver slipped to as low as $27.87 and ended with a loss of 1.44%. Full Story
June gold prices overnight were able to mount a minimal bounce, as traders were seeing some renewed macro economic and geopolitical anxiety in the headlines. While contagion fears from Cyprus might have prompted some minor flight to quality buying of gold last night, the gold market might also have been held back somewhat by Chinese economic readings that were released overnight, as those readings (which were actually marginally positive) weren't able to tamp down economic uncertainty in Asia. Full Story
The content on this site is protected
by U.S. and international copyright laws and is the property of GoldSeek.com
and/or the providers of the content under license. By "content" we mean any
information, mode of expression, or other materials and services found on GoldSeek.com.
This includes editorials, news, our writings, graphics, and any and all other
features found on the site. Please contact
us for any further information.
Live GoldSeek Visitor Map | Disclaimer
The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy
or completeness of the information (including news, editorials, prices, statistics,
analyses and the like) provided through its service. Any copying, reproduction
and/or redistribution of any of the documents, data, content or materials contained
on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC,
is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be
liable to any person for any decision made or action taken in reliance upon
the information provided herein.
