Gold remained near unchanged in Asia and London and then dropped in early New York trade to see a loss of $24.40 at $955.80 at about 9:30AM EST before it rallied back higher into the close, but it still ended with a loss of 1.91%. Silver fell as much as $0.67 to $15.15 before it also rallied back higher slightly, but it still ended with a loss of 2.72%. Full Story
THE PRICE OF GOLD slumped by $20 per ounce ahead of the Wall Street opening on Friday, unwinding all of Thursday's gains and heading for a weekly loss at $963 after official data showed the pace of job losses in the United States slowing sharply. Full Story
Gold saw decent gains in Asia before it fell back off in London and dropped to see a $4 loss at $960.85 shortly after 8AM EST, but it then shot back higher throughout most of trade in New York and ended near its high of $981.25 with a gain of 1.57%. Silver dropped as much as $0.29 to $15.08 a little after 8AM EST before it also climbed back higher in New York trade and ended near its high of $15.857 with a gain of 2.93%. Full Story
Yesterday’s market washout relieved enough pressure on commodity markets to enable large gains during today’s session. Gold erased almost all of yesterday’s drawdown, holding the $960 support level and bounced straight back up. With many traders weary about the future of the dollar, the large break was the event some needed to get long the market. Same goes for many other markets today as energies, grains, and the other metals posted large gains on stronger volumes. Full Story
THE SPOT PRICE OF GOLD bounced off one-week lows versus the Dollar for the second time Thursday lunchtime in London, rallying from $961 per ounce after the US currency spiked on a vote of "no change" to Eurozone interest rates. Full Story
Gold climbed as much as $7.50 to $989.95 in Asia, but it then fell back off for most of trade in London and New York and ended near its low of $961.85 with a loss of 1.79%. Silver rose $0.31 to $16.23 by late trade in Asia before it also fell back off for most of the rest of trade and ended near its low of $15.253 with a loss of 3.45%. Full Story
August gold prices traded to a new high on this leg and then failed miserably to hold up against a robust move in the US dollar index. Bullish sentiment of the dollar reached 13% recently, meaning that 87% of traders were bearish. A market with that type of condition can only keep going down for so long before the movement exhausts itself. Full Story
THE PRICE OF PHYSICAL gold dropped 1.5% from new 14-week highs in lunchtime trading in London on Wednesday, turning higher from $975 per ounce as equity markets fell and the US Dollar rallied on the foreign exchanges. Full Story
In the Eurozone, unemployment has soared to the highest for a decade with a seasonally-adjusted jobless rate of 9.2% in April up from 8.9% in march. Also in Europe, Angela Merkel, the German Chancellor, broke a tradition yesterday of never commenting on monetary policy by openly attacking the US Federal Reserve, the Bank of England and the European Central bank. Full Story
Gold fell over $10 to $968.80 by late trade in Asia before it rallied back near unchanged in London and rose to see a $7.27 gain at $986.22 by late morning in New York, but it then fell back off a bit into the close and ended with a gain of just 0.36%. Silver dropped to $15.44 in Asia before it rose to see a $0.27 gain at $15.99 in New York and then also fell back off a bit midday, but it then closed the session out with another late rally and ended with a gain of 1.27%. Full Story
For the second day in a row, the gold market consolidates above the $975 price level. The past month of trading saw gold climb $100 an ounce, pricing in better economic news and the deterioration of the US dollar. The general consensus regarding gold is one of bullishness. Full Story
THE PRICE OF WHOLESALE GOLD bounced in London on Tuesday morning, reaching $983 an ounce for Dollar investors and recovering from near 5-week lows versus the British Pound. The Gold Price in Euros held steady at €689 as the single currency also leapt, jumping to new 2009 highs against the Dollar above $1.4270. Full Story
Gold rose as much as $10.65 to $988.30 by early trade in London before it fell to see a loss of $3.85 at as low as $973.80 by late morning in New York, but it then climbed back higher in the last couple of hours of trade and ended with a gain of 0.13%. Silver climbed to as high as $15.955 in late Asian trade before it fell to as low as $15.525 by late morning in New York, but it also rallied back higher in the last two hours of trade and ended with a gain of 0.76%. Full Story
THE PRICE OF PHYSICAL GOLD jumped in US Dollars for the third session running early Monday in London, recording the best AM Gold Fix since Feb. 24th at $987 per ounce. Stock markets also leapt worldwide – up more than 3.0% in Frankfurt – while commodities added to last month's 34-year record gains. Full Story
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Once again, but having no negative affect on gold, the IMF gold sales has been brought up. The story says congressional approval could come as early as next week. Good. Sell the gold, make the mistake, and give it to China and be done with it. According to the story the potential sale is priced into the market already and should not have any lasting negative effects. Full Story
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