By: Chris Mullen, Gold-Seeker.com - 12 September, 2014
Gold waffled between $1232.25 and $1239.92 in Asia before it fell to as low as $1227.69 by early afternoon in New York, but it then bounced back higher in afternoon trade and ended with a loss of just 0.92%. Silver slipped to as low as $18.468 and ended with a loss of 0.32%. Full Story
The pro-union ‘no’ vote campaign is back in the lead this week after the latest opinion poll from pollsters YouGov put them at 52%, marginally ahead of the pro-independence ‘yes’ campaign. The referendum question being asked is simply “Should Scotland be an independent country?” After being ahead significantly since the outset of the independence campaign, the pro-union side was abruptly shocked last weekend when the pro-independence side took the lead based on an opinion poll result, also from YouGov, released on Saturday, September 6. Full Story
Oversold conditions are there in gold, silver and crude oil. Momentum is bearish. US August retail sales numbers will be the key. A fall in august US retail sales will result in gold, silver and crude oil paring most of this week’s losses. A good number has already been priced in by the markets. Indian demand for gold and silver will rise today as traders take advantage of lower prices. (Yesterday Indian demand for gold and silver was below expectations). Full Story
By: Chris Mullen, Gold-Seeker.com - 11 September, 2014
Gold fell $14.86 to $1235.16 at about 10:20AM EST before it rallied back higher into the close, but it still ended with a loss of 0.63%. Silver slipped to as low as $18.586 and ended with a loss of 1.42%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 11 September, 2014
The gold price closed at $1,250.00 down $4.60 on Wednesday in New York after falling to $1,245. In Asia and London, gold prices recovered back to $1,250. The gold price was Fixed at $1,247.00 down $8.75 and in the euro at €964.20074.507 down €10.307 while the euro was stronger at $1.2933. Ahead of New York’s opening, gold was trading at $1,240.90 and in the euro at €960.67. Full Story
The China Gold Congress is currently in full flight in Beijing. The three day Congress is China’s biggest gold industry event of the year, drawing in participants from across the Chinese and international gold sectors including central banks, mining companies, bullion banks and refiners. Full Story
By: Chris Mullen, Gold-Seeker.com - 10 September, 2014
Gold fell $12.62 to as low as $1243.88 by early afternoon in New York before it bounced back higher into the close, but it still ended with a loss of 0.52%. Silver slipped to as low as $18.893 and ended with a loss of 0.58%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 10 September, 2014
The gold price closed at $1,254.60 down $1.00 on Tuesday in New York. In Asia and London, gold prices held $1,256.00. The gold price was Fixed at $1,255.75 down $0.25 and in the euro at €974.507 down €0.27 while the euro was unchanged at $1.2886. Ahead of New York’s opening, gold was trading at $1,253.00 and in the euro at €967.90. Full Story
In morning trading, gold weakened marginally to $1,253 in London, down 0.22% from yesterday’s New York close. In overnight Asian trading today, gold ended at $1,257.10 in Singapore. Yesterday gold weakened and had touched $1,247.60 before recovering. Silver fell 0.52% to $18.95, down from $19.05. Full Story
All I can say is that as long as gold trades over the $1230-$1240 zone downside risk will be limited. As long as silver trades over the $1860-$1870 zone downside risk will limited. Copper needs to trade over $307.10 till Friday to prevent a sell off. As long as crude oil trades over the $90-$91 zone, we prefer a buy on dips strategy. Full Story
By: Chris Mullen, Gold-Seeker.com - 9 September, 2014
Gold dropped $7.97 to $1247.63 in early afternoon New York trade, but it then rallied back higher into the close and ended with a gain of 0.07%. Silver slipped to $18.879 at one point, but it then bounced back higher in the last hour of trade and ended with a gain of 0.32%. Full Story
With gold trading in a narrow range below $1,300 and remaining relatively weak, it is worth pausing at this juncture to look at the combination of factors that are affecting its price formation. A current snapshot of the world gold market and its near term outlook can be gauged by examining four sets of influences on the market, namely the macro/geopolitical environment, investment demand flows, physical demand in the major markets (using India as an example), and finally the technical picture. Full Story
By: Chris Mullen, Gold Seeker Report - 8 September, 2014
Gold dropped down to $1251.56 at about 1PM EST before it bounced back higher at times, but it still ended with a loss of 1.04%. Silver slipped to as low as $18.916 and ended with a loss of 0.89%. Full Story
In the wake of the recent LIBOR benchmark interest rate rigging scandal and successful prosecution of a number of global investment banks for participating in LIBOR manipulation, a new interest rate rigging scandal is gathering steam. Full Story
By: Julian D. W. Phillips, Gold Forecaster - 8 September, 2014
The brutal fall of the euro was halted and the week sees it holding the lower levels and trying to recover. But the path continues downward towards $1.20 to the U.S. dollar. The E.C.B. hopes that that will improve global competitiveness and boost growth too, while making gold attractive in the E.U. Full Story
US August retail sales on Friday will be the key this week in a more or less data vacuum week. The focus will be on (a) Ukraine (b) Indian demand for gold and silver (c) Gold holding over $1258 and silver holding over $1888. US August nonfarm payrolls failed to have any impact on bullion as well as on the US dollar. Interest rates in USA will not rise in the way markets are expecting which should be bearish for the US dollar next year. I expect the US dollar to start a bear run once the US senate elections are over.
The content on this site is protected
by U.S. and international copyright laws and is the property of GoldSeek.com
and/or the providers of the content under license. By "content" we mean any
information, mode of expression, or other materials and services found on GoldSeek.com.
This includes editorials, news, our writings, graphics, and any and all other
features found on the site. Please contact
us for any further information.
Live GoldSeek Visitor Map | Disclaimer
The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy
or completeness of the information (including news, editorials, prices, statistics,
analyses and the like) provided through its service. Any copying, reproduction
and/or redistribution of any of the documents, data, content or materials contained
on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC,
is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be
liable to any person for any decision made or action taken in reliance upon
the information provided herein.
