Gold rose to as high as $1228.55 at 9AM EST before it fell back to $1220 an hour later, but it then climbed back higher for most of the rest of trade and ended near its late session high of $1229.55 with a gain of 0.69%. Silver climbed to as high as $18.52 at 8:30 before it dropped back to as low as $18.05 at about 9:45 and then bounced back higher into the close, but it still ended with a loss of 0.27%. Full Story
THE PRICE OF GOLD jumped out of a tight trading range at the start of New York dealing on Friday, rising to show a 0.5% weekly gain at $1227 an ounce as investment capital moved into "safe haven" assets on news of a sharp drop in US retail sales. Full Story
Global equities and commodities have rallied due to increased risk appetite despite real lingering risks. Gold has gained for the first time in four days in global markets and some investors continue to diversify into the safe haven on concern that Europe's sovereign debt and fiscal crisis isn't over. Full Story
Gold fell to as low as $1215.02 by about 10AM EST before it bounced back higher in the last few hours of trade, but it still ended with a loss of 0.7%. Silver fell to as low as $17.882 in early London trade, but it then stormed back higher for most of the rest of the day and ended with a gain of 0.77%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 10 June, 2010
Today saw a beautiful illustration of the power of very big buyers not chasing prices, but buying gold only when it comes on offer. As investors as a whole took the afternoon Fix up to $1,233.50, very large buyers stepped away from the market allowing it to fall to $1,220 at the morning Fix, this morning, in London. Full Story
GOLD DEALT IN large wholesale bars slipped in price for the second session running in London on Thursday, dropping 2.5% from Tuesday's record highs as European stock markets held flat and the US Dollar ticked lower on the currency market. Full Story
Gold has fallen in all currencies today as traders have taken profits after the recent surge in prices. Gold priced in euros, UK pounds, Swiss francs and US dollars surged to record nominal highs on Tuesday on demand for a store of value. Concerns of a global economic slowdown allied with fears that debt laden European countries like Greece, Spain, Portugal and Hungary could default and lead to contagion have led to safe haven demand for gold in recent weeks. Full Story
Gold fell about 1% in Asia and London and then dropped even further in late morning New York trade to as low as $1221.85 by about 11:30AM EST before it bounced back higher in the last couple of hours of trade, but it still ended with a loss of 1.19%. Silver fell to as low as $18.07 before it also climbed back higher in late trade, but it still ended with a loss of 1.3%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 9 June, 2010
"Yesterday saw heavy big fund buying as we saw at the afternoon gold Fix. It followed through thereafter. This sends a strong message out to gold investors. The a.m. Fix was at $1,248 and the p.m. Fix at $1,246. In thin trading the gold price eased to $1,233 ahead of London, but then it began to rise again. The morning Fix was at $1,235 where it is trading at the moment. Silver is holding ground nervously at $18.30 waiting for the lead from gold.” Full Story
The paucity of media coverage of gold’s record highs is not indicative of mass mania or a massive bubble. Gold remains a fringe investment of those concerned about the health of the global economy and of the value of fiat currencies and is far from the investment of choice of mainstream investors. Full Story
Gold waffled near unchanged in Asia and rose in early London action to a new record intraday high of $1251.68 by a little before 6AM EST before it fell back to $1240.75 by just before 10AM EST in New York, but it then bounced back higher in the last few hours of trade and ended at new record closing high with a gain of 0.42%. Silver climbed to as high as $18.421 in London before it dropped back under $18.25 in early New York trade, but it then rose to a new session high of $18.461 in the last minutes of trade and ended with a gain of 1.49%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 8 June, 2010
This morning, just ahead of the gold Fix, gold is trading at $1,245 a rise of $30. The Fix was at $1,248 and ahead of New York’s opening is sitting at $1,243. Silver went north today from yesterday’s $17.40 to today’s $18.30 so far. Full Story
THE PRICE OF GOLD held in wholesale 400-ounce bars jumped against all major currencies in London trade Tuesday morning, hitting fresh all-time highs in Dollars, Euros and Sterling as European stock markets extended yesterday's late drop on Wall Street. Full Story
Gold has risen to new record nominal highs as concerns that the European debt crisis could lead to contagion increases. Gold rose to $1,251.85/oz in London and futures reached $1,254.50/oz in New York as risk aversion rose. Bullion advanced to all-time highs in dollars, euros, sterling and Swiss francs as the euro and equity markets again came under pressure. Full Story
Gold reversed slight gains in Asia and fell as much as $5.90 to $1210.40 in London, but it then shot higher in late morning New York trade and ended near its early afternoon high of $1239.35 with a gain of 1.78%. Silver followed a similar pattern and ended near its late session high of $18.15 with a gain of 4.5%. This past May 12th gold set its record closing high of $1242.70 and record intraday high of $1249.30. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 7 June, 2010
Again Asia held the gold price around Friday’s close, London then came in and took the price down $5, with the € dropping to hold below $1,20. This week will see the gold Fix in London dominate the market again. Full Story
THE PRICE OF GOLD edged 0.5% lower against the US Dollar early Monday, trading at $1213 an ounce by lunchtime in London, as world stock markets, commodity prices and other currencies rallied from sharp losses. Full Story
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