Gold and silver fell throughout most of world trade and dropped to as low as $936.70 and $14.778 in early New York trade before they rebounded slightly into the close, but gold still ended with a loss of 2.19% while closed down 3.82%. Full Story
Over the past four days, gold bulls ran into a stiff wall of resistance when prices moved above $960 an ounce but managed to hold support above $950, and so the market traded sideways. That changed today, as prices fell $22 an ounce, proving that bulls did not have the ammunition to sustain solid buying support for this metal. Full Story
THE SPOT PRICE OF GOLD slipped to new 3-week lows Friday lunchtime in London, unwinding two-fifths of the 14% rally from mid-April as the US Dollar rose and oil prices retreated from yesterday's new 8-month highs. Full Story
Gold and silver saw modest gains at $957.80 and $15.29 in Asia before they fell back off in London and traded over 1% lower at as low as $943.10 and $14.952 by about 9AM EST in New York, but they then rallied back higher for the rest of the day and gold ended near its session high of $961.40 with a gain of 0.74% while silver closed near its session high of $15.515 with a gain of 2.05%. Full Story
THE PRICE OF GOLD rebounded off yesterday's low beneath $950 an ounce Thursday morning in London, ticking down from Monday's 3-month high as world stock markets held flat and government debt prices fell. Full Story
Gold gained $11.85 to as high as $965.30 in London before it fell in early New York trade to see a loss of $ $6.25 at $947.20 by a little after 11AM EST, but it then rallied back higher in the last couple of hours of trade and ended with a loss of just 0.026%. Silver climbed to as high as $15.485 in London before it dropped to as low as $15.03 in late morning New York trade, but it also rallied back higher into the close and was able to end with a gain of 0.13%. Full Story
A sustained drop below $950 will move the next price target down to the $930 area, which is the 50% retracement level for the April to June rally. Bulls should be patient here and wait for lower prices before buying or a close above $970. Full Story
THE PRICE OF GOLD rose early Wednesday, recovering two-fifths of last week's 4.5% sell-off at $963 per ounce as stocks and crude oil leapt on Dollar weakness. Full Story
The gold market continues to track the dollar. As the dollar retraces recent gains against the major currencies, touching a two week low on Monday, gold currently stands at $961.10. With many FX analysts currently holding a medium-term bearish view on the dollar, the outlook remains positive for gold. The next resistance level for gold is at $968 followed by $983. Support is currently at $941 & $935. Full Story
Gold and silver fell slightly in Asia and waffled near unchanged in London before they rose to see over 1% gains at $961.60 and $15.342 around 9AM EST in New York, but they then fell back off a bit into the close and gold ended with a gain of just 0.34% while silver ended with a nice gain of 1.27%. Full Story
THE SPOT PRICE OF GOLD ticked north of a tight $6 range Tuesday lunchtime in London, moving 1.4% above yesterday's two-week low to $957 per ounce as Asian stock markets closed lower and the US Dollar eased back on the currency markets. Full Story
Gold fell almost 2% to as low as $943.50 by about 10AM EST in New York before it rebounded into the close, but it still ended with a loss of 1.15%. Silver fell all the way to $14.71 before it also climbed back higher in the last few hours of trade, but it still ended with a loss of 2.92%. Full Story
Our ‘promissory’ notes are backed with little more than faith. Uncontrolled spending weakens that faith. China is increasingly finding its faith in oil, soybeans, and concrete, not paper. Russia finds itself believers in oil and natural gas, and even begrudgingly the euro. This is why many see gold as an asset to hold over the next few years, as a place to store value. Full Story
THE PRICE OF GOLD sank to a 10-day low versus the Dollar as the New York opening drew near on Monday morning, holding little changed for non-US investors as the world's No.1 reserve currency rose and stock markets fell. Full Story
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