It now looks like we were a little too bullish in the last update, for the way gold has acted over the past week suggests that another sharp drop is imminent before the dust finally settles on this reactive phase, that it likely to take it to or some way below its recent panic lows. Full Story
By: Chris Mullen, Gold-Seeker.com - 9 September, 2011
Gold climbed $30.75 to $1885.75 in Asia before it plummeted down to $1823.10 by about 6:30AM EST, but it then rallied back higher in New York and ended with gain of 0.11%. Silver rose to $42.67 before it dropped down to $41.258 and then also rallied back higher in New York, but it still ended with a loss of 2.1%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 9 September, 2011
The gold price rose in the U.S. yesterday by $39.70. In Asia and in London’s morning it rose another $26 to $1.881, despite the continuing fall of the euro. Gold in the euro ahead of the Fix stood at €1,360.28 up from €1,298.88 at yesterday’s morning Fix. Full Story
U.S. DOLLAR gold prices plunged sharply Friday morning in London, hitting a low of $1826 per ounce – 4.9% down on Tuesday's all-time high – while stocks and commodities also fell and European government bonds gained. Full Story
Gold is trading at USD 1,836.60, EUR 1,330.90 , GBP 1,153.90, JPY 142,750 per ounce and reached a new record nominal high in Swiss francs at CHF 1,652.83. Gold was higher in all currencies prior to sharp selling was seen in the hour after the London AM fix. Full Story
By: Chris Mullen, Gold-Seeker.com - 8 September, 2011
Gold climbed to as high as $1865.00 by about 9:25AM EST before it pared its gains a bit in late morning trade, but it still ended with a gain of 2.19%. Silver soared to as high as $42.632 and ended with a gain of 2.07%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 8 September, 2011
The gold price has gone from its record $1,912 level to $1,800 and this morning bounced back to $1,840. The fall was a 5% fall and the current bounce so far a 2% rise. It sounds smaller in percentage terms. As London came to life the gold price started to recover even more. The €1: $1.4062 is hardly changed against the euro as both of them continue to fall. Full Story
U.S. DOLLAR gold bullion prices rose to $1853 an ounce Thursday morning London time – 3.5% down on Tuesday's all-time high. Major commodities fell while stocks and government bonds were slightly up, on a day which saw both the European Central Bank and the Bank of England leave monetary policy unchanged. Full Story
Gold is trading at USD 1,841.60, EUR 1,310.90 , GBP 1,148.90, CHF 1,593.10 and JPY 142,290 per ounce and is thus trading at levels seen at this time yesterday. Gold’s London AM fix this morning was USD 1,827.00, EUR 1,298.88, GBP 1146.68 per ounce. Gold fixed lower in all currencies from yesterday’s AM fix - USD 1,844.00, EUR 1,311.99, GBP 1153.44 per ounce. Full Story
By: Chris Mullen, Gold-Seeker.com - 7 September, 2011
Gold fell all the way to $1792.80 by a little after 10AM EST before it rallied back higher in the last few hours of trade, but it still ended with a loss of 2.96%. Silver dropped to as low as $40.406 before it also rebounded in late trade, but it still ended with a loss of 0.62%. Full Story
U.S. DOLLAR gold bullion prices dropped to around $1833 an ounce Wednesday morning in London – 4.5% off yesterday's intraday record high. Stocks and commodities rose and government bonds fell after Germany's highest court ruled the country's bailout policies are not in breach of its constitution. Full Story
Gold is trading at USD 1,843.60, EUR 1,314.10 , GBP 1,155.30, CHF 1,584.10 and JPY 142,390 per ounce. Gold closed marginally lower in all currencies yesterday except for the Swiss franc which fell nearly 7% against gold and other fiat currencies. Full Story
The Swiss National Bank said it would no longer tolerate the shared currency trading below 1.20 Swiss francs. In a statement, the SNB said the "current massive overvaluation of the Swiss franc poses an acute threat to the Swiss economy and carries the risk of a deflationary development." The SNB said it will "enforce this minimum rate with the utmost determination and is prepared to buy foreign currency in unlimited quantities." Full Story
By: Chris Mullen, Gold-Seeker.com - 6 September, 2011
Gold climbed to a new all-time high of $1920.60 in Asia before it fell to $1857.31 at about 4AM EST and then rose back above $1900 in midmorning New York trade, but it then fell to as low as $1863.30 in late morning trade and ended with a loss of 0.19% from Friday’s close. Silver rose to $43.24 in Asia before it fell to as low as $41.635 in New York and ended with a loss of 2.84%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 6 September, 2011
Asia drove the gold price to $1,910 in the day that U.S. markets, having been absent for Labor Day will be back at work. The euro is continuing to decline against the dollar after being relatively stable against the dollar for weeks now, standing at €1: $1.4087. The gold price now has a $30 premium over the platinum price. In the euro gold stood at €1,355.86. Full Story
U.S. DOLLAR prices to buy gold fell to a low of $1877 an ounce on Tuesday morning in London – a 2.3% drop from their new record high set hours earlier – while stocks and the Euro rallied after the Swiss National Bank announced plans to peg its currency to the Euro. Full Story
Currency markets have seen massive volatility this morning after the SNB decision to fix the Swiss franc to the euro. Gold is trading at USD 1,899.50, EUR 1,339.10 , GBP 1,177.30, CHF 1,611.10 (up from CHF 1,486.50 yesterday) and JPY 146,350 per ounce. Gold is down 0.18% in dollar terms and strong physical demand continues at these levels. Full Story
- Headline news & the Market Weatherman Report. - Spotlight Stock Picks. - Host Chris Waltzek & Bob Chapman, The International Forecaster discussion and answer listener's questions. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 5 September, 2011
The week started with gold costing more than platinum, a most remarkable sight, and for good reasons! In the dollar, gold opened in Asia at $1,880 with the dollar standing at €1: $1.4155. Platinum stood at $1,872. In the euro gold stood at €1,328.15. Intervention in the Swiss Franc and the Japanese Yen continued to fail as the two currencies remained at their highs in terms of the dollar. During London’s morning the gold price moved through the $1,900 level before being Fixed at $1,896.50 and in the euro at €1,341.14 while the euro was at €1: $1.4141. Full Story
THE U.S. DOLLAR gold price stuck its nose above $1900 an ounce Monday morning London time – its first breach of that level in nearly two weeks – before easing back towards lunchtime. The silver price, by contrast, fell to a low of $42.42 per ounce – 1.9% off Friday's close – while stocks and major commodities were also down following news of US legal action against banks and yet another election defeat for Germany's ruling party. Full Story
Spot for immediate delivery rose to $1,903.00/oz as the dollar and all currencies fell against gold in early European trading. Risk aversion has returned due to concerns about the US and global economy and Eurozone contagion. Gold is trading at USD 1,890.50, EUR 1,339.10 , GBP 1,171.30, CHF 1,486.50 and JPY 145,350 per ounce. Full Story
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