By: Chris Mullen, Gold-Seeker.com - 12 February, 2010
Gold saw slight losses in Asia and fell almost 1.5% in London to as low as $1077.65 by a little after 9:30AM EST, but it then rallied back higher in late morning New York trade and ended near its noontime high of $1092.40 with a loss of just 0.52%. Silver fell over 2.5% to as low as $15.191 before it also climbed back higher for most of the rest of the day and ended with a loss of just 1.15%. Full Story
THE PRICE OF GOLD lost half yesterday's rise vs. the US Dollar on Friday in London, heading into the weekend some 1.9% higher from last week as government bonds rose and European shares held flat overall. Full Story
China ordered banks to set aside more deposits as reserves for the second time in a month to cool the fastest-growing major economy after loan growth accelerated and property prices surged. The reserve requirement will increase 50 basis points effective Feb. 25, the People’s Bank of China said on its Web site today. The current level is 16 percent for big banks and 14 percent for smaller ones. Full Story
By: Chris Mullen, Gold-Seeker.com - 11 February, 2010
Gold traded mostly slightly higher in Asia and London and rose almost 1% to as high as $1086.73 at the open of trade in New York before it fell back to see a $0.70 loss at $1074.60 by about 10AM EST, but it then rose to a new session high of $1094.80 by midday and ended with a gain of 1.58%. Silver fell almost 1% to $15.179 in midmorning New York trade before it also rallied back higher and ended near its noontime high of $15.637 with a gain of 1.9%. Full Story
THE PRICE OF WHOLESALE gold bullion held in its tightest range for more than three months in Asia and London on Thursday, treading water as currency traders awaited details of a European rescue deal for Greece. Full Story
By: Chris Mullen, Gold-Seeker.com - 10 February, 2010
Gold climbed as much as $5.53 to $1082.03 by about 8AM EST in London before it fell to see a $13.33 loss at as low as $1063.17 by late morning in New York, but it then rallied back higher in the last couple of hours of trade and ended with a loss of just 0.11%. Silver rose over 1% to $15.622 before it fell to see an over 2% loss at as low as $15.063 just before noon EST, but it also rallied back higher into the close and ended with a loss of just 0.78%. Full Story
THE SPOT PRICE of wholesale gold bullion held in a tight range Wednesday morning in London, slipping back from near 4-session highs for US and Euro investors as the Dollar bounced on the forex market. Full Story
Gold's technical situation remains bearish after its recent break down below previous support $1,075/oz. However, there would appear to be strong support at the $1,000/oz to $1,030/oz price level which was previous strong resistance. Significantly, the 200-day moving average has now edged up to $1,024.80/oz and the 200 day moving average could again provide support. Full Story
By: Chris Mullen, Gold-Seeker.com - 9 February, 2010
Gold traded mostly slightly higher in Asia and London and spiked up to as high as $1079.05 just before 8AM EST before it fell back to $1070.73 by around 10AM EST, but it then rose to a new session high of $1082.93 by early afternoon and ended not far from that high with a gain of 1.05%. Silver jumped to as high as $15.367 and dropped back down to $15.19 before it climbed to a new high of $15.572 and ended with a gain of 2.25%. Full Story
THE PRICE OF GOLD slipped from its best level in 3 sessions for both US and UK investors on Tuesday in London, easing back as the Euro currency and Eurozone stocks also cut their early gains. Government bonds ticked lower, while US crude oil contracts pushed up towards $73 per barrel. Full Story
The Euro’s loss is The US dollar’s gain. The Euro was considered as one of the contenders for the replacement to the US dollar as the world's reserve currency. More or less this is history now and the euro as a currency has fallen back by at least two years to three years in this league. Unmanageable Fiscal deficit uncertainties and lack of proper fiscal management in Greece, Spain and Portugal has been the culprit. Full Story
By: Chris Mullen, Gold-Seeker.com - 8 February, 2010
Gold extended last week’s late after hours access trade gains and rose to as high as $1073.70 in late Asian trade before it fell back off in London and dropped to as low as $1061.50 by about 9:30AM EST in New York, but it then chopped its way back higher into the close and ended with a gain of 1.24%. Silver climbed to $15.305 and dropped to $14.92 before it also rallied back higher and ended with a gain of 1.75%. Full Story
THE PRICE OF GOLD reversed an early 0.8% gain in London on Monday, revisiting Friday's finish of $1066 per ounce in what dealers called "lackluster" but "choppy" trade after last week's "widespread liquidation." Full Story
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