By: Chris Mullen, Gold-Seeker.com - 11 January, 2013
Gold climbed up to $1676.71 at about 8:30AM EST before it fell back to $1653.52 by late morning in New York, but it then rallied back higher in afternoon trade and ended with a loss of just 0.58%. Silver slipped to as low as $30.174 before it also rebounded, but it still ended with a loss of 0.97%. Full Story
WHOLESALE gold bullion prices dipped back below $1670 an ounce Friday morning in London, 0.9% up on where it started the week, after jumping 1% yesterday following the European Central Bank's decision to leave interest rates on hold, which was also followed by gains for the Euro. Full Story
Gold edged off in euros on Friday, following the European Central Bank’s decision to keep its rates unchanged. Japan's gold market (TOCOM ) made news as benchmark Tokyo gold futures hit a record high of 4,820 yen a gram ($1,699.62 an ounce) after the yen dropped to a 2-1/2-year low vs. the dollar on expectations of more QE by the BoJ. Full Story
GoldSeek.com TV presents an exclusive interview with STANLIB (www.stanlib.com) Asset Management's resource analyst Kobus Nell. Mr. Nell discusses the fast-moving outlook for gold and platinum mining as well as the diamond industry in southern Africa with (Jonathan Roth) www.GoldSeek.com. Full Story
By: Chris Mullen, Gold-Seeker.com - 10 January, 2013
Gold climbed to as high as $1678.83 by about 10:30AM EST and ended with a gain of 0.94%. Silver surged to as high as $30.926 and ended with a gain of 1.45%. Full Story
WHOLESALE London gold rose back to Wednesday's 4-session high this morning, trading above $1664 per ounce. Currencies were little moved, with "no change" decisions on interest rates expected in both the UK and Eurozone. World stock markets ticked higher – and commodities averaged a 1% gain – after strong new data from China. Full Story
Gold inched higher on Thursday, as market watchers await a rate decision by the European Central Bank at 12.45 GMT. European Bank Chief, Mario Draghi’s news conference is at 1330 GMT. Investors will also view the Bank of England rate decision at 1200 GMT. Full Story
By: Chris Mullen, Gold-Seeker.com - 9 January, 2013
Gold climbed $7.59 to $1665.79 in Asia before it fell back to as low as $1651.50 by about 1PM EST, but it then rallied back higher in the last few hours of trade and ended with a loss of just 0.05%. Silver rose to $30.57 in Asia before it slipped back to $30.05 by late morning in New York, but it also rallied back higher in afternoon trade and ended with a loss of just 0.07%. Full Story
THE SPOT gold price hovered above $1660 per ounce Wednesday morning in London, slightly up on the week so far, before dropping through that level ahead of US trading. "[Gold] continues to consolidate last week's down move from $1694 to $1627," says the latest technical analysis from bullion bank Scotiabank. Full Story
Gold is hovering near $1,660/oz Wednesday as investors await policy decisions by the Bank of Japan and the European Central Bank -tomorrow, as physical buying picks up in Asia. Gold tumbled last week after investors were spooked by the U.S. Fed minutes which grew concerns about quantitative easing being toned down. Full Story
By: Chris Mullen, Gold-Seeker.com - 8 January, 2013
Gold chopped its way higher throughout most of world trade and ended near its early afternoon high of $1662.33 with a gain of 0.72%. Silver surged to as high as $30.534 and ended with a gain of 0.73%. Full Story
WHOLESALE gold bullion prices ended Tuesday morning in London at $1655 per ounce, regaining ground lost yesterday to climb back to where it started the week, with dealers reporting signs of strong demand from India and China, the world's two biggest gold buying nations. Full Story
Gold’s losses in recent days have been more pronounced in dollar terms as gold’s price fall in euros, pounds and other fiat currencies has been far more modest (see charts). Given the challenges facing all currencies in 2013 the price decline is likely another correction prior to further gains. Full Story
By: Chris Mullen, Gold-Seeker.com - 7 January, 2013
Gold fell to as low as $1642.79 in early New York trade before it bounced back higher at times, but it still ended with a loss of 0.6%. Silver slipped to as low as $29.84 and ended with a loss of 0.2%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 7 January, 2013
On Monday 7th January 2013 gold stood at $1,653.50down $16 from the last report we issued in 2012. While the gold price was volatile during the last days of 2012 and the first trading days of 2013 the market was thin. Today we see markets returning to normal. The dollar is stronger in the New Year at €1: $1.3042 up 2 cents since last year. Full Story
SPOT GOLD PRICES traded in a $10 range Monday morning, rising above last week's finish at $1656 per ounce as European stock markets cut earlier losses. Silver prices also whipped in a tight range, holding at $30.25 per ounce by lunchtime in London. Major currencies and government bonds were also little changed, as were broader commodity prices. Full Story
The U.S. Mint's gold coin sales slid for a third consecutive year in 2012 showing how demand for gold bullion among the retail public remains lacklustre at best. Demand remains well below the record levels seen preceding the Y2K scare in 1999 and below the levels seen when the coins were first launched in 1987 and in the aftermath of the Wall Street Crash of October 1987. Full Story
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