Gold edged up to $1706.18 in Asia before it fell to $1680.47 by a little after 9AM EST, but it then rose to a new session high of $1714.10 in New York and ended with a gain of 0.67%. Silver slipped to $33.22 before it also rallied back higher and ended near its early afternoon high of $34.36 with a gain of 1.09%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 9 March, 2012
The gold held around $1,700 at the close in New York, Asia and in London. The morning Fix in London set it at $1,699.50 and in the euro at €1,285.358 just €2 higher, while the euro stood at €1: $1.3222 almost the same as yesterday. Ahead of New York’s opening it stood at $1,701 and in the euro €1,286.64 while the euro was at €1: $1.3220. Full Story
SPOT MARKET gold prices fell by over $20 an ounce within one hour Friday lunchtime in London, while stock markets rallied along with the Dollar immediately following the release of monthly US jobs data. Dollar gold prices fell over 1% to below $1680 per ounce, while silver prices fell to $33.25 per ounce, while other commodities were relatively flat on the day. Full Story
Gold climbed 0.4% or $15 in New York yesterday and closed at $1,700.40/oz. Gold rose slightly in Asia touching $1,707/oz prior to price falls in trading in Europe which has gold now trading at $1,700.80/oz. Gold appears to be consolidating above the 200 day moving average - now at $1,679/oz and a weekly close above the 200 day moving average and above $1,700/oz will embolden buyers again. Full Story
Gold climbed over 1% to $1703.57 in early London trade before it fell back to $1689.40 at about 10AM EST, but it then rallied back higher for most of the rest of trade and ended near its late session high of $1703.72 with a gain of 0.91%. Silver rose to $34.145 before it slipped back to $33.37, but it also rallied back higher in late trade and ended with a gain of 1.35%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 8 March, 2012
The gold turned around strongly rising to $1,685 before the closure of New York and rose slightly in Asia’s time to $1,688 before London opened. But then London opened and steadily took the gold price to $1,702 ahead of the morning Fix. The morning Fix in London set it at a higher $1,701.50 and in the euro at €1,287.26 while the euro stood at €1: $1.3218 60 a cent higher than yesterday. Ahead of New York’s opening it stood at $1,702.40 and in the euro €1,286.87 while the euro was at €1: $1.3229. Full Story
SPOT MARKET prices to buy gold were hovering around $1700 per ounce Thursday lunchtime in London, following the latest interest rate announcements from the European Central Bank and the Bank of England. Full Story
Gold rose 0.6% in New York yesterday and closed at $1,684.30/oz which importantly was above its 200 day moving average of $1,678. Gold rose in Asia and gains continued in European trading which has gold now trading above $1,700/oz at $1,701.20/oz. Gold is gaining ahead of the Greek government’s debt acceptance deadline and European interest rate decisions later today. Full Story
Gold fell to $1671.21 in Asia before it rebounded to $1682.73 in London and then dropped back to $1672.40 by midmorning in New York, but then rose to a new session high of $1687.70 in the last hour of trade and ended with a gain of 0.65%. Silver slipped to $32.695 before it climbed back to $33.223 and then dropped to $32.826, but it then rose to a new session high of $33.556 and ended with a gain of 1.28%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 7 March, 2012
The gold price fell heavily at one point hitting the $1,660 area at one point before closing in New York at $1,674.10. Both Asia and London held it in that area before the morning Fix in London set it at a higher $1,682.50 and in the euro at 1€,278.69 while the euro stood at €1: $1.3158. Thereafter the tone was better and gold held at that area despite traders trying to pull it down again. Ahead of New York’s opening it stood at $1,681.15 and in the euro €1,279.90 while the euro was at €1: $1.3135. Full Story
THE WHOLESALE SILVER and gold price rallied from 6-week lows Wednesday morning in Asian and London, recovering 2.1% and 1.0% respectively as world stock markets also bounced. Crude oil recovered from a 2-week low at $105 per barrel, but the European single currency failed to hold an early rise ahead of Thursday's Greek debt-restructuring deadline. Full Story
Gold fell $31.20 or 1.8% in New York yesterday and closed below the $1,700/oz level at $1,674.10/oz. Gold has traded in a range between $1,670/oz and $1,680/oz in Asia and early European trading and is now trading at $1,677.40/oz. Support is at the 200 day moving average at $1677 and below that between $1,650/oz and $1,660/oz. A more severe sell off could see gold fall to $1,600/oz and then to $1,500 but this is unlikely given continuing strong demand especially from Asia. Full Story
Gold fell $41 to as low as $1664.30 in early New York trade before it bounced back higher at times, but it still ended with a loss of 1.83%. Silver slipped to as low as $32.46 and ended with a loss of 3.15%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 6 March, 2012
Yesterday gold broke down through $1,700 in London, where at the morning Fix it was set at $1,698 and at the p.m. Fix at $1,705. New York was not keen to take it lower where it held above $1,700 and held there in Asia too. London then let the gold price fall to $1,685 ahead of the Fix. Full Story
SPOT MARKET prices for gold bullion hit a six-week low of $1682 an ounce Tuesday lunchtime in London – a fall of 1.8% from last week's close – as stocks, commodities and the Euro continued their recent slide and uncertainty hung over recent European agreements. Full Story
Gold fell $6.30 in New York yesterday and closed above the $1,700/oz level at $1,705.30/oz. Gold fell in Asia prior to further modest price falls in Europe which saw gold fall below yesterdays inter day low of $1,694/oz and gold is now trading at $1,686.40/oz. Full Story
Gold fell $16.90 to $1694.70 at about 4:45AM EST before it rebounded to $1709.86 and then dropped back to $1694.23 in New York, but it then bounced back higher midday and ended with a loss of just 0.37%. Silver slipped to $33.971 before it shot up to $34.754, but it then fell back to $33.53 by early afternoon and ended with a loss of 2.1%. Full Story
DOLLAR gold prices briefly dipped back below $1700 an ounce Monday morning in London, as stocks, commodities and the Euro all fell before recovering some ground, following news that China has cut its official growth target. Full Story
Gold fell $3.10 in New York Friday and closed at $1,711.60/oz. Gold fell in Asia prior to modest price falls in Europe which has gold now trading at $1,696.43/oz. Gold fell by nearly 3.5% last week - the largest one week fall since the week of Dec 18. Gold's intraday and monthly low from the "Leap Year Gold Massacre" is $1,688/oz. Technical damage continues and a breach of this level could see gold quickly fall to support at $1,650/oz. Full Story
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