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Weekly Archives

By: Chris Mullen, Gold-Seeker.com - 12 August, 2011

Gold waffled near unchanged in Asia and London before it fell to as low as $1722.45 by about 10:45AM EST, but it then rallied back higher in late trade and ended with a loss of just 0.52%. Silver fell to $38.085 in London, but it then climbed to as high as $39.094 in New York and ended with a gain of 1.4%. Full Story

By: GoldSeek.com - 12 August, 2011

COT Gold, Silver and US Dollar Index Report - August 12, 2011 Full Story

By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 12 August, 2011

Gold fell from its rapidly reached peak of $1,800 to $1,750 in New York. Asia lifted the price by $10 overnight where it traded in London ahead of the Fix there. The $: € exchange rate held steady at €1: $1.4239 during London’s morning. The Swiss Franc at $1: 0.7705 after trading as low as $1: 0.7296. Full Story

By: Ben Traynor, BullionVault - 12 August, 2011

SPOT MARKET gold bullion prices fell nearly 1% in an hour Friday morning London time – hitting a low of $1746 an ounce – as stocks and commodities rallied after yesterday's decision by four European regulators to ban short selling. Full Story

By: GoldCore - 12 August, 2011

Gold has fallen today in all major currencies except the Swiss franc which has fallen on continued speculation of pegging the Swiss franc to the euro. Gold is trading at USD 1,754.30 , EUR 1,232.10 , GBP 1,078.70, CHF 1,349.30 per ounce and 134,357.00 JPY. Gold is 5.1% higher in dollars week to date and 6% higher in euros and 6.6% higher in pounds or to put it correctly these currencies have fallen in value against gold. Full Story

By: Chintan Karnani, Insignia Consultants - 12 August, 2011

There is speculation that CME could increase further margins on gold. At lower prices short sellers square up their positions and value based buyers/investors turn up. This is the weekend and trades will dare not go short on gold and silver on US and European economic woes. Full Story

By: Chris Mullen, Gold-Seeker.com - 11 August, 2011

Gold climbed to a new record high of $1814.84 in afterhours access trade yesterday afternoon and traded roughly $10 higher in Asia and London, but it then fell throughout most of trade in New York and ended with a loss of 1.81%. Silver fell to as low as $37.822 before it bounced back higher in the last couple of hours of trade, but it still ended with a loss of 2.01%. Full Story

By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 11 August, 2011

Gold topped $1,800 in New York at one point! Asia took it back into the $1,770 area ahead of London’s opening. The dollar is holding relatively steady against the euro at €1: $1.4259, but both of them are excessively low against the Swiss Franc at $1: 0.7296. The Swiss National Bank will now ‘flood’ the foreign exchanges with more Francs in an attempt to savagely weaken the Swiss currency. Full Story

By: Ben Traynor, BullionVault - 11 August, 2011

THE SPOT MARKET gold price spiked to over $1814 an ounce in Thursday's Asian trade – up 9% on the week – before falling after news that gold futures will be subject to a margin hike. Full Story

By: GoldCore - 11 August, 2011

Gold has fallen today in all major currencies except the Swiss franc which has fallen on SNB intervention rumours. Gold is trading at USD 1,791.40 , EUR 1,257.10 , GBP 1,107.70, CHF 1,318.80 per ounce and 136,976.00 JPY. The yen has fallen by 8.7% against gold so far in August as the yen, while rising in dollar terms, is falling sharply in gold terms (see chart beow). Full Story

By: Chris Mullen, Gold-Seeker.com - 10 August, 2011

Gold saw roughly 1% gains in Asia and London before it advanced even higher in New York and ended near its noontime record high of $1796.49 with a gain of 2.43%. Silver rose to as high as $39.469 and ended with a gain of 3.91%. Full Story

By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 10 August, 2011

With the U.S. gold market closing at $1,740, yet again Asia took it higher to over $1,762 at London’s opening. Silver is lagging behind at $38.4 on fears that its industrial side will undermine its rising price. The dollar continued to slip but slightly faster than the euro today at €1: $1.4354. In the euro gold is crossed is holding the level of €1,227.29. Full Story

By: Ben Traynor, BullionVault - 10 August, 2011

THE DOLLAR gold price rallied to $1767 an ounce Wednesday morning in London – 0.6% off the previous day's all-time high – as stocks and commodities also rose following the US Federal Reserve's interest rate announcement on Tuesday. Full Story

By: GoldCore - 10 August, 2011

Gold prices held their ground late into trading Tuesday, even in the face of a surge in US equities. Buoyed by a US Federal Reserve pledge to maintain a low interest rate policy until mid 2013, the Dow rose 612 points (5.7%) in the final 90 minutes of trading. Gold held its ground and today is showing signs of strength, trading at $1,756.30/oz up $13.30/oz. Gold in EUR and GBP is trading at 1,224.16/oz and 1,082.26/oz. Full Story

By: Chintan Karnani, Insignia Consultants - 10 August, 2011

The Federal Reserve promised to keep US interest rates near zero for the next two years and that it would consider steps to help US growth. The Fed painted a gloomy picture, saying that U.S. economic growth was proving considerably weaker than expected, inflation should remain contained for the foreseeable and unemployment, currently at 9.1 percent, would come down only gradually. Full Story

By: Chris Mullen, Gold-Seeker.com - 9 August, 2011

Gold climbed as much as $69.09 to a new all-time high of $1779.39 at about 5:20AM EST before it fell back to as low as $1719.25 by late morning in New York, but it then rallied back higher in the last two and a half hours of trade and ended with a gain of 1.73%. Silver fell to as low as $37.508 before it also bounced back higher in late trade, but it still ended with a loss of 3.81%. Full Story

By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 9 August, 2011

What can one do but shake ones head at the unfolding consequences of the last four year in which fundamental problems have not been resolved nor properly addressed. For gold investors, life could not be better, of course. Asia drove prices up from yesterday’s records to $1,747.55 ahead of London’s opening. In the euro gold has crossed the milepost of €1,200 and vaulted to €1,228.16 at the same time. The dollar and the euro remain in synchronized flight downwards at €1: $1.4229. Full Story

By: Ben Traynor, BullionVault - 9 August, 2011

U.S. DOLLAR gold prices raced to $1778 an ounce Tuesday morning London time – a record high, and 9.6% up since Aug. 2, the day President Obama signed the US debt ceiling bill. In contrast, silver prices dropped to a low of $38.06 per ounce – 0.7% down on last Friday's close. Gold prices at Tuesday morning's London Fix set new records in all three currencies – the Dollar, Pound and Euro. Full Story

By: GoldCore - 9 August, 2011

Gold in USD terms is 2.4% higher and is higher against all currencies and trading at USD 1,760.40 , EUR 1,234.10 , GBP 1,075.70, CHF 1,306.80 per ounce and 132,719.00 JPY. Gold’s London AM fix was USD 1,770.00, EUR 1241.75, GBP 1080.98. Gold reached new record nominal highs at $1,780.10/oz and new nominal highs in euros and sterling also this morning. Full Story

By: Chris Mullen, Gold-Seeker.com - 8 August, 2011

Gold rose to a new all-time high of $1714.88 in Asia before it retraced back to $1691.15 at about 10AM EST, but it then rose to a new record high of $1718.79 by early afternoon in New York and ended with a gain of 3.24%. Silver climbed to as high as $40.32 in Asia before it dropped back to $38.42 by late morning in New York, but it then rallied back higher in the last couple of hours of trade and ended with a gain of 2.53%. Full Story

By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 8 August, 2011

A new week and a new world! Gold vaulted in Asia to $1,710 then pulled back to $1,705 before recovering at the morning Fix in London at $1,709.75 and in the euro at €1,095.20. The euro continued to fall alongside the dollar at €1: $1.4216 but both fell again against the Swiss Franc [$1: SF 0.7628] and the Yen [$1: Y77.8 after Y75.5], despite the Bank of Japan’s intervention in the foreign exchanges to weaken the Yen. We expect to see both the SNB and the B of J continue to try to weaken their currencies while speculators feed on such intervention. Full Story

By: Ben Traynor, BullionVault - 8 August, 2011

U.S. DOLLAR gold prices soared to a record $1714 an ounce in Monday's Asian trade – up 3% from last week's close – following Friday's US sovereign debt downgrade and Sunday's announcement by the European Central Bank that suggested a new phase in the Eurozone crisis. Full Story

By: GoldCore - 8 August, 2011

Gold in USD terms is 2.5% higher after the weekend U.S. downgrade and is higher against all currencies and trading at USD 1,706.40 , EUR 1,195.90 , GBP 1,039.20, CHF 1,039.20 per ounce and 132,549.00 JPY. Gold’s London AM fix was USD 1,709.75, EUR 1195.21, GBP 1,040.94. Full Story




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