Gold fell in London to see an almost 1% loss at as low as $907.50 at about the open of trade in New York, but it then chopped its way back higher for most of the rest of trade and ended with a loss of just 0.38%. Silver fell to as low as $12.52 by late morning in New York before rebounded a bit in the last couple of hours of trade, but it still ended with a loss of 2.4%. Full Story
THE PRICE OF GOLD SLID yet again early Friday in London, recording the lowest AM Gold Fix since 8th May at $910 per ounce, and nearing Wednesday's two-month lows in the spot market at $905. Down 2.5% down from last Friday's finish, the Dollar-price of Gold showed its worst weekly performance since the start of June ahead of today's Wall Street opening. Full Story
Gold rose in Asia and London and saw an almost 1% gain coming into New York before it fell back to almost unchanged at $910 by about 10AM EST, but it then rallied back higher in the last three and a half hours of trade and ended near its new session high of $918.15 with a gain of 0.75%. Silver also saw decent gains in Asia and London before it fell to see an 8 cent loss at $12.76 by midmorning in New York, but it then rallied back higher into the close and ended near its high of $12.97 with a gain of 0.78%. Full Story
THE SPOT PRICE OF GOLD eased back ahead of Thursday's New York opening after recovering half of yesterday's 2.1% losses to the US Dollar and Yen. The price of Gold continued to fall for Euro and UK investors however, flirting with fresh five-month lows as European stock markets rose for the first session in six. Full Story
Gold and silver steadily fell in Asia and London before they accelerated their losses in New York and ended roughly 0.5% off their noontime lows of $904.85 and $12.73 with losses of 2.14% and 2.73%. Full Story
THE PRICE OF GOLD dropped to a new two-week low lunchtime Wednesday in London, falling 1.6% from this week's start to slip through $918 an ounce. US stocks meantime ticked higher at the open after Tuesday's sell-off, while stock markets across the Far and Middle East ended the day lower. Full Story
Speculation of a second stimulus package by the Obama administration resulted in base metals rising first and then fundamentals took over and they pared all their gains. Gold benefited as a result of safe haven demand. Crude oil continued its slide. Commodities continued to be affected by the US dollar and equities and in the absence of major market moving news this will continue for the rest of the week. Full Story
Gold fell slightly to $921.05 by late trade in Asia and rose to see a nearly 1% gain at $931.55 in London before it fell throughout the rest of the morning in New York, but it then spiked back higher in the last half hour of trade and ended near its earlier high with a gain of 0.57%. Silver climbed to $13.36 in London before it fell to see an over 1% loss at $13.09 in early afternoon New York trade, but it also shot back higher in the last minutes of trade and ended with a loss of just 0.38%. Full Story
Tomorrow begins the 2nd quarter earnings-report season for stocks and the equity markets priced in rather disheartening expectations. While ‘green shoots’ ruled the second-half of the first quarter, investors are beginning to believe that perhaps the stock markets have priced in hope of a recovery and the actual health of businesses. Full Story
THE PRICE OF GOLD gained more than 1.0% for both US and UK investors on Tuesday morning in London, unwinding yesterday's losses as European stocks rose but volatility hit the currency markets. Full Story
What shall I comment on the markets. Stocks and the US dollar continue to dictate commodity prices. Nervous central banks are advising banks to lend more even if the security is a piece of crap. They may even increase liquidity further if things do not move as per their expectations. Full Story
Gold fell over $10 to as low as $920.50 by midmorning in New York before it bounced back higher into the close, but it still ended with a loss of 0.74%. Silver dropped over 3% to as low as $12.987 by about 9AM EST before it stormed back higher in late morning New York trade, but it was then held slightly lower in afternoon trade and ended with a loss of 1.05%. Full Story
Investors are nervous over the state of the global economy. They are a divided unit. Some believe that the global economy has bottomed out and that it should rise while other believe that since global unemployment rates are rising, consumer spending as well as global growth rates will not rise as much. Full Story
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