By: Chris Mullen, Gold-Seeker.com - 11 January, 2008
Gold fell to $887.25 in London before it rebounded in New York and rose to $898.15 by late morning, but it then fell back to $894.44 ahead of a rally back higher into the close that left it with a gain of 0.45% at a new record high. Silver rose to $16.272 in London and fell to $15.92 in New York before it rallied back higher in the last few hours of trade and ended with a gain of 0.50% at a new 27 year high. Full Story
Gold has traded sideways in Asian and early European trading and the London AM Fix surged to $893.75 (up from $874.25). Gold surged to new records in other major currencies. At the London AM Fix gold was trading at £457.56 (up from £445.23 yesterday) and €604.74 (up from €595.50 yesterday). Full Story
SPOT GOLD PRICES for immediate delivery held 1% below their new overnight records in London early on Friday, flipping around $890 per ounce as the US open drew near. Full Story
If gold rises $36 in less than five hours, it can easily cross $1500 in 2008 and $2000 in 2009. Mr. Bernanke had said nothing new on the Fed's intention to cut interest rates by more than a quarter of percentage on the Fed meeting. Full Story
By: Chris Mullen, Gold-Seeker.com - 10 January, 2008
Gold fell to as low as $866 by late trade in London, but it then rallied strongly throughout most of trade in New York and climbed to as high as $895.45 before it came back off a bit in the last hour of trade and ended at a new record high with a gain of 1.32%. Silver dropped to $15.312 before it also rose markedly in New York and ended near its high of $16.24 with a gain of 2.74% at a new 27 year high. Full Story
Gold has eased somewhat in Asian and early European trading and the London AM Fix was at $874.25 (up from $887.85). Gold has also eased from new records in many major currencies. At the London AM Fix gold was trading at £445.23 (down from £452.15 yesterday) and €595.50 (down from €603.53 yesterday). Full Story
There was some mild profit taking in gold and silver while crude oil once again consolidates between $90-$100 a barrel. Base metals are caught between a fight between bulls and bears. Full Story
By: Chris Mullen, Gold-Seeker.com - 9 January, 2008
Gold rose to find nearly $15 gains at as high as $891.50 in Asia before it fell back off in London and dropped to as low as $873.40 by early trade in New York, but it then rallied back higher for most of the rest of trade and ended with a gain of 0.21% at a new record high. Silver rose to as high as $16.105 and fell to as low as $15.52 before it also rallied back higher into the close and ended with a gain of 0.26% at its highest level since 1980. Full Story
Gold continued to rally in Asia and early European trading and the London AM Fix was at $887.85 (up from $873.25). The psychological level of $900 looks increasingly like a possible near term target prior to a correction and consolidation. Full Story
THE SPOT GOLD MARKET jumped once again early Wednesday, adding 1.5% in Asia to open London above $891 per ounce for US investors. Physical gold for immediate delivery also touched £450 for British gold buyers, and it broke and then held a record €600 per ounce for European investors. Full Story
It has been an impressive rally by gold. Gold's rise has been primarily due to the continuous fall in US and European stock markets. Gold's rise in the first five trading sessions of 2008 has beaten all expectations and has forced analysts to upgrade their short term forecasts. Full Story
By: Chris Mullen, Gold-Seeker.com - 8 January, 2008
Gold rose about $15 in Asia, held near $875 in London, and then rose even further midday in New York to as high as $881.05 before it fell back off slightly in the last hour of trade, but it still ended with a gain of 2.12% at a new all-time high. Silver outpaced gold with a gain of 3.43% and climbed to its highest level since 1980. Full Story
Gold was down $3.70 to $859.30 per ounce in New York and silver was down 14 cents to $15.16 per ounce yesterday. But gold is up sharply in Asia and early European trading and the London AM Fix was at $873.25. While profit taking and consolidation were to be expected gold has continued to surprise to the upside and has reached new record highs. Full Story
SPOT GOLD PRICES leapt at the London opening on Tuesday, shooting 1.5% higher against the US Dollar to hit all-time record highs above $876 per ounce. Full Story
It was an excellent performance by gold yesterday as it did not fall despite the fall in crude oil prices. Gold is finding buyers on dips. Retail investors are investing as if gold prices will never ever fall. Full Story
By: Chris Mullen, Gold-Seeker.com - 7 January, 2008
Gold fell to as low as $855.15 in Asia and rose to as high as $864.90 in early New York trade, but it then fell back off for most of the rest of trade and ended with a loss of 0.43%. Silver fell about 1% in Asia before it rebounded in London and saw slight gains at $15.355 in early New York trade, but it then dropped back off in late morning trade and ended with a loss of 0.92%. Full Story
$1,000 per ounce gold looks like being achieved earlier in 2008 then many had expected and $900 is a good target in the coming weeks. The inflation adjusted high of some $2,200 per ounce looks increasingly like it will be achieved in the next 3 to 4 years. Full Story
US December payrolls numbers suggest that the Fed will cut interest rates by one percent in 2008 while the European Central Bank may not cut interest rates in the first half of 2008. Interest rate cuts are always bullish for gold. Full Story
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