By: Chris Mullen, Gold-Seeker.com - 10 August, 2012
Gold fell $12 to $1605.70 in Asia, but it then rallied to as high as $1625.87 in New York and ended with a gain of 0.17%. Silver slipped to $27.613 in early New York trade before it surged back to $28.32, but it then drifted back lower in afternoon trade and ended with a loss of 0.4%. Full Story
U.S. DOLLAR gold prices traded slightly lower Friday morning in London, hovering around $1610 an ounce for most of the session, as stock markets also edged lower and US Treasuries gained, after trade data from China provided further signs of economic slowdown. Full Story
Gold is on track for its 2nd weekly gain – possibly due to concerns about the Chinese, US and global economy. Slowdowns in all major economies mean that it’s not really a question of if the central banks will employ fiscal stimulus packages, only when. Full Story
By: Chris Mullen, Gold-Seeker.com - 9 August, 2012
Gold climbed $4.61 to $1617.41 in Asia before it fell back to $1609.70 in London, but it then rallied back higher in New York and ended near its early afternoon high of $1618.09 with a gain of 0.3%. Silver slipped back to $27.864 by a little after 8AM EST, but it then bounced back higher in New York and ended with a gain of 0.39%. Full Story
WHOLESALE MARKET prices to buy gold bullion hovered in a tight range around $1615 an ounce for much of Thursday morning in London – marginally above where they started the week – before dipping slightly around lunchtime, while stock markets also edged lower following gains earlier in the week. Full Story
Gold edged up on Thursday after China's CPI slowed to a 30 month low of 1.8% in July, factory output plummeted to a 3 year low and these clues signal more QE from China in the near future. China replaced India as the world's top gold consumer at the end of 2011. China’s gold inflows from Hong Kong increased 6 times for the first 2 quarters of 2012. Full Story
The gains in commodity markets are due to expectations that the bank of England will increase money supply even more and that the Chinese central bank will cut interest rates. As long as money supply rises gold, silver, copper and crude oil will continue to rise. The fall will be there if and only if central banks explicitly say that there will not be any further liquidity dose increases. Full Story
By: Chris Mullen, Gold-Seeker.com - 8 August, 2012
Gold fell $8.20 to $1603.40 by a little after 8AM EST before it rallied to as high as $1616.49 in the next hour and a half of trade, but it then drifted back lower midday and ended with a gain of just 0.07%. Silver slipped to $27.699 before it rose to $28.246 by late morning in New York, but it then fell back off in afternoon trade and ended with loss of 0.32%. Full Story
THE U.S. DOLLAR gold price hovered just below $1610 an ounce for most of Wednesday morning's trading in London – in line with last Friday's close – while stocks and commodities ticked lower and US Treasuries gained. Full Story
Gold edged down on Wednesday on profit taking after sustaining 3 days of gains which saw gold creep slowly above the $1,600/oz level again. Recent dollar strength and a lack of clarity in the minds of many market participants regarding whether the ECB or the US Federal Reserve Bank will employ more quantitative easing to prevent double dip recessions and even depressions may be partly to blame for gold’s lack of gains recently. Full Story
The firm trend in commodities is partly due to a weaker US dollar apart from technical factors. US economic numbers are pointing to firmer growth which is supporting base metals and energies. We could get more news from Europe from next week once the Olympics games are over. Investors are still shaky over European issues. Full Story
By: Chris Mullen, Gold-Seeker.com - 7 August, 2012
Gold waffled near unchanged in Asia before it rallied to as high as $1618.00 in London, but it then fell back to as low as $1609.18 in afternoon New York trade and ended with a gain of just 0.02%. Silver slipped to $27.75 in Asia before it rallied up to $28.21 in London and then also fell back off a bit in New York, but it still ended with a gain of 0.68%. Full Story
THE SPOT MARKET cost of buying gold climbed to $1616 an ounce Tuesday morning in London, its highest level so far this week, as commodity prices and stocks markets also edged higher, with the exception of the FTSE which was hit by allegations that one London-listed bank has hidden "secret transactions" from US regulators. Full Story
Gold traded sideways Tuesday, maintaining gains from the previous 2 sessions as investors waited for action from the European Central Bank looking for intervention in solving the Eurozone debt crisis. Market players are watching for any details on the ECB’s bond purchasing plans, after bank chief Mario Draghi said last week that the ECB would target short-term debt, fuelling optimism in the bond markets. Full Story
By: Chris Mullen, Gold-Seeker.com - 6 August, 2012
Gold climbed to as high as $1615.00 by late morning in New York before it fell back off a bit in afternoon trade, but it still ended with a gain of 0.52%. Silver surged to as high as $27.985 and ended with a gain of 0.5%. Full Story
BOTH THE spot gold and spot silver price posted gains in Monday morning's London trading, with the gold price hitting $1610 an ounce– a few Dollars up on where it ended last week – as stocks and the Euro also rallied, with analysts speculating on whether central banks will conduct further stimulus measures. Full Story
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