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Weekly Archives

By: Chris Mullen, - 12 August, 2016

Gold waffled near unchanged in Asia and London before it jumped $17.84 to $1355.74 after the release of this morning’s disappointing economic data, but it then dove down to $1333.51 in early afternoon New York trade and ended with a loss of 0.25%. Silver slipped to as low as $19.674 and ended with a loss of 1.3%. Full Story

By: - 12 August, 2016

COT Gold, Silver and US Dollar Index Report - August 12, 2016 Full Story

By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 12 August, 2016

Shanghai took the gold price closing in New York higher more in line with the higher Shanghai price the day before. London then ignored Shanghai prices and opened at New York’s close. At the moment we are seeing a small battle between the developed world centers and Shanghai the physical market. This battle can be resolved provided the arbitrageurs in the market do their job. They can’t move gold but can adjust their positions with currency plays. Full Story

By: GoldCore - 12 August, 2016

Gold buying surged to record levels in H1, 2016 due to increasing concerns about the political, economic and monetary outlook. In particular, deepening concerns about the negative interest rate money “madness” of central banks today. Yesterday we covered this surge in gold buying in western markets as detailed by the World Gold Council and what is driving this increased demand. Monetary policies and their impact on savers, along with political risks, contributed to record H1 gold investment demand, surpassing even that of the 2009 financial crisis. Full Story

By: Chris Mullen, - 11 August, 2016

Gold dropped $6.14 to $1340.56 in Asia before it climbed up to $1352.40 in late morning New York trade, but it then fell back off into the close and ended with a loss of 0.65%. Silver slipped to as low as $19.897 and ended with a loss of 1.09%. Full Story

By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 11 August, 2016

In the last quarter of the year we expect U.S. demand for physical gold from investors in the shares of their Exchange Traded Funds to continue steadily. So far in 2016 investment demand for gold has overtaken the previous-ever high of 917 tonnes in 2009 [First half] to reach 1,064 tonnes. Full Story

By: GoldCore - 11 August, 2016

Gold investment demand surged to a record in the first half of 2016 and overtook the previous high seen during the 2009 financial crisis on a “perfect storm” for gold according to the ‘Gold Demand Trends Q2 2016’ report which was released by the World Gold Council today. Western investors especially in Europe saw the greatest increase in gold investment demand and Europe was the “largest market for gold bars and coins in Q2.” Full Story

By: Chris Mullen, - 10 August, 2016

Gold gained $16.28 to $1356.88 by a little after 8AM EST before it fell back to $1343.82 in the next few hours of trade, but it then edged back higher in afternoon trade and ended with a gain of 0.46%. Silver rose to as high as $20.482 and ended with a gain of 1.61%. Full Story

By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 10 August, 2016

The jump of $15 from New York’s close was large. London came in at the open at $1,352, but there is always a reason when prices jump like this. Demand in Shanghai, the world’s largest gold market, clearly jumped. With 8.3 million individual gold investors and 10,000 institutional investors dealing on this market, supply must be tight in this physical market. We watch with interest to see if this demand feeds into London and New York. Full Story

By: Chintan Karnani, Insignia Consultants - 10 August, 2016

The good thing is that even after a good US July jobs numbers gold and silver have nearly pared most of their losses. Investors and everyone are buying gold and silver. The hallmark of the beginning of a bull market is the tendency to shrug off negative news and rise. I think gold and silver are on the verge of a repeat of 2004. Gold’s bull run started from August 2004 when prices were at $380. Full Story

By: Chris Mullen, - 9 August, 2016

Gold edged down to $1330.69 in Asia before it popped up to $1342.48 in midmorning New York trade and then drifted back lower into midday, but it still ended with a gain of 0.4%. Silver climbed to as high as $19.874 and ended with a gain of 0.61%. Full Story

By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 9 August, 2016

Gold and silver held remarkably steady yesterday in the face of a large sale of gold from the SPDR gold ETF. The gold price continues to rest on support and with the gold season nearly on us the physical market, at least will see demand grow significantly. In the U.S. fears of a global slowdown [and low productivity] affecting the U.S. economy and the large number of potential banking and debt crises that are more than likely, the atmosphere for gold continues to be positive. Full Story

By: GoldCore - 9 August, 2016

The Financial Times published an interesting article today in which Diego Parrilla, author, investment expert and precious metals specialist, outlines the positive case for gold and why the gains seen this year are just the beginning of a new gold bull market. Full Story

By: Chris Mullen, - 8 August, 2016

Gold fell $6.32 to $1330.08 in London before it rallied to see slight gains at times in New York, but it then edged back lower in late trade and ended with a loss of 0.08%. Silver slipped to as low as $19.619 in Asia, but it then climbed to as high as $19.867 in New York and ended with a gain of 0.15%. Full Story

By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 8 August, 2016

The excellent Jobs report on Friday of a 255,000 increase, well above estimates, has put a rate hike back on the table, some say for September with others saying not until December. We agree with experts like Bill Gross who states that Janet Yellen is very aware of the global picture. After all the U.S. economy is doing well, but is integrated into the global economy to the extent that the global economy can drag the U.S. economy down. Full Story

By: GoldCore - 8 August, 2016

Irish banks AIB and Bank of Ireland, are some of the most vulnerable banks in Europe according to the European Banking Authority stress test of capital strength, which examined 51 institutions across 15 countries and was released last week. Italy’s Monte dei Paschi (MPS) and the UK’s Royal Bank of Scotland, which owns Ulster Bank, emerged as the biggest losers in the stress tests. Full Story

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