By: Chris Mullen, Gold-Seeker.com - 13 November, 2009
Gold traded mostly slightly higher in Asia and London before it dipped in early New York trade to see a loss of $3.30 at about 9:30AM EST, but it then stormed back higher midday and ended near its late session high of $1117.30 with a gain of 0.92% at a new record closing high. Silver followed a similar pattern and dropped to see an almost 1.5% loss at as low as $17.015 by about 9:30AM EST, but it also rallied back higher in late trade and ended near its session high of $17.43 with a gain of 0.41%. Full Story
THE PRICE OF GOLD bounced from an overnight dip to $1101 an ounce in London dealing on Friday, heading into the weekend 0.9% higher from last week as world stock markets held onto their near-3% gains. Full Story
By: Chris Mullen, Gold-Seeker.com - 12 November, 2009
Gold climbed to a new record high of $1122.80 in Asia, but it then fell back off for most of trade in London and New York ended near its session low of $1102.70 with a loss of 0.75%. Silver climbed to as high as $17.75 in early Asian trade before it also fell back off for most of the rest of trade and ended near its session low of $17.177 with a loss of 1.37%. Full Story
THE PRICE OF GOLD in US Dollars retreated from a fresh 0.7% surge early in London on Thursday, falling back from a new all-time record of $1123 an ounce as Asian stock markets closed the day lower. Full Story
The rise in commodities is due to excess liquidity created by central banks which has fueled the risk appetite of investors. Banks in developed nations were surviving on disburses through credit card. The negative savings rate in the US was a result on excess expenditure by way of credit card purchases and mortgages. Full Story
By: Chris Mullen, Gold-Seeker.com - 11 November, 2009
Gold jumped up to about $1115 in London and rose to as high as $1118.55 by about 10:30AM EST in New York before it fell back off a bit, but it still ended with a gain of 1.1% at a new record high. Silver climbed to as high as $17.71 before it also fell back off in late morning trade, but it still ended with a gain of 1.56%. Full Story
THE PRICE OF GOLD rose to fresh record highs against the US Dollar for the fifth session in six in early London dealing on Wednesday, recording an AM Gold Fix above $1114 an ounce. Full Story
By: Chris Mullen, Gold-Seeker.com - 10 November, 2009
Gold traded mostly slightly lower in Asia and London before it rose to as high as $1109.20 by about 10:30AM EST in New York, but it then fell back to see slight losses in afternoon trade and ended with a gain of just 0.12%. Silver rose to see a 9 cent gain at as high as $17.54 by midmorning in New York, but it then fell back off into the close and ended with a loss of 1.2%. Full Story
THE PRICE OF WHOLESALE gold slipped 1% from Monday's new record high early in London today, briefly drifting through $1100 an ounce as Asian stock markets closed the day higher but European shares held flat. Full Story
Equity markets rise and commodities remain firm. The IMF had said that the US dollar is still overvalued suggesting more room for US dollar weakness in the days ahead. However there will be brief periods when the US dollar gains. Full Story
By: Chris Mullen, Gold-Seeker.com - 9 November, 2009
Gold climbed steadily higher in Asia and London to as high as $1110.95 by about 8AM EST before it pulled back a bit in New York trade, but it still ended with a gain of 0.53%. Silver climbed to as high as $17.70 in London before it also retraced some in New York, but it still ended with a gain of 0.69%. Full Story
THE PRICE OF GOLD jumped to new all-time Dollar records for the third time in four trading days early Monday in London, trading above $1110 an ounce – up more than 27% for 2009 to date – as the US currency fell hard on the forex market. Full Story
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