By: Chris Mullen, Gold-Seeker.com - 13 April, 2012
Gold waffled near unchanged in Asia and London, but it then fell back off for most of trade in New York and ended near its late session low of $1649.32 with a loss of 1.14%. Silver slipped to as low as $31.33 and ended with a loss of 2.66%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 13 April, 2012
New York lifted the gold price to the same level as it opened at $1,675.20 up $17 on yesterday. Overnight Asia held it there too, ahead of London’s opening. The euro held pretty steady at €1: $1.3146 just 25 cents better. Today, gold Fixed it at $1,670.50 and in the euro at €1,269.859 while the euro stood at €1: $1.3155. Ahead of New York’s opening it stood at $1,673.30 and in the euro €1,272.95 while the euro was at €1: $1.3145. Full Story
U.S. DOLLAR prices to buy gold traded sideways just below $1680 an ounce during Friday morning's London session – back up at levels last seen ten days ago – while stock markets and industrial commodity prices edged lower and government bonds gained. Full Story
Gold rose $17.10 or 1.03% in New York yesterday and closed at $1,675.20/oz. Gold rose sharply in just a few minutes of trade on heavy volume - about 33,000 contracts between 1430 and 1500 GMT. Gold traded erratically but essentially sideways in Asian trading prior to ticking lower in Europe. Weaker gold prices are being attributed to China's weaker than expected Q1 GDP data. However, Asian equity indices were higher. A slightly stronger U.S. dollar and oil prices back below $103 a barrel (NYMEX) may be contributing to today’s weakness. Full Story
By: Chris Mullen, Gold-Seeker.com - 12 April, 2012
Gold fell back to $1650.63 in London, but it then rose to as high as $1680.01 in New York and ended with a gain of 1.03%. Silver surged to as high as $32.579 and ended with a gain of 2.47%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 12 April, 2012
New York held the gold price at $1,658.10 barely changed on yesterday. Overnight Asia held it there too, ahead of London’s opening. The euro held pretty steady at €1: $1.3119 just 20 cents better. Today, gold Fixed it at $1,655.50 and in the euro at €1,261.333 while the euro stood at €1: $1.3125. Ahead of New York’s opening it stood at $1,654.71 and in the euro €1,262.51 while the euro was at €1: $1.3141. Full Story
INVESTORS looking to buy gold saw prices fall alongside the US Dollar in London trade Thursday morning, dropping $8 per ounce to $1652 and falling harder in other currencies as commodities also edged lower. Full Story
Gold fell $0.90 or 0.05% in New York yesterday and closed at $1,658.10/oz. Gold has been trading sideways in Asian trading and remains in a tight range in Europe this morning near $1,656.07/oz. Gold remains supported this morning as the ECB signalled that it would intervene in the debt markets on worries about Spain and the risk of contagion in the Eurozone. ECB board member Benoit Coeure said “the European Central Bank still has its bond-buying programme as an option”. Full Story
By: Chris Mullen, Gold-Seeker.com - 11 April, 2012
Gold fell to $1652.94 in London before it edged up to $1662.42 in midmorning New York trade, but it then chopped back lower into the close and ended with a loss of 0.05%. Silver slipped to as low as $31.343 in the last hour of trade and ended with a loss of 0.5%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 11 April, 2012
New York took the gold price back up to $1,659.00 yesterday after a flip flop day in most markets. Overnight Asia held it just $3 below that ahead of London’s opening today. The euro held pretty steady at €1: $1.3098. Today, gold Fixed it at $1,654.00 up $10 and in the euro at €1,261.632 up €5.5 while the euro stood at €1: $1.3110. Ahead of New York’s opening it stood at $1,659.00 and in the euro €1,262.51 while the euro was at €1: $1.3140. Full Story
DOLLAR prices to buy gold hovered at just under $1660 an ounce during most of Wednesday morning's London trading – up around 1.5% for the week so far – as European stock markets recovered some ground following yesterday's losses, commodities were broadly flat and government bond prices fell. Full Story
A positive sign for gold was that US COMEX futures volume was the strongest in a week and gold rose despite a sharp 1.5% drop in the S&P 500 and other equity indices and a large fall in crude oil and grains. Gold appears to be catching a breather today and is taking a break after the four sessions of consecutive gains driven by safe haven flows on a cloudy global economic outlook. Full Story
By: Chris Mullen, Gold-Seeker.com - 10 April, 2012
Gold rose to as high as $1653.82 in Asia before it fall all the way back to $1631.92 by about 11AM EST, but it then shot back higher midday and ended near its early afternoon high of $1662.90 with a gain of 1.08%. Silver climbed to $31.83 before it dropped back to $31.161, but it also rallied back higher in late trade and ended with a gain of 0.73%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 10 April, 2012
While New York took the gold price back up to $1,641.30 on Easter Monday it was India’s return to the market that lifted it up from $1,618.3 over the weekend. Overnight Asia lifted it up a further $7 to $1,648.70 ahead of London’s opening today. The euro dropped from €1: $1.3150 to €1: $1.3082 while this was happening. Today, gold Fixed it at $1,643.75 up $22 and in the euro at €1,255.921 up €15 while the euro stood at €1: $1.3088 barely changed from Friday. Ahead of New York’s opening it stood at $1,644.20 and in the euro €1,257.47 while the euro was at €1: $1.3075. Full Story
U.S. DOLLAR gold bullion prices fell as low as $1642 an ounce during Tuesday morning's London trading – though still slightly up on last week's close following Asian session gains – while stock markets fell and commodities were flat as markets digested last Friday's disappointing US jobs data. Full Story
Gold appears to have risen on safe haven buying due to concern about global economic growth after China’s import growth missed forecasts in March. The poor US jobs number has also led to an increased expectation of further monetary easing from the Federal Reserve and this may be leading to inflation hedging purchases. Physical demand has been poor in western and Asian markets in recent weeks but the end of the 21 day Indian jeweller strike has led to renewed demand in India and pent up Indian demand could push prices higher this week. Full Story
Gold climbed to as high as $1648.62 by a little after 9AM EST before it fell back to $1636.51 by late morning in New York, but it then rallied back higher midday and ended with a gain of 0.65% from last Thursday’s close. Silver climbed to $31.93 in Asia before it fell back to $31.32 and then also bounced back higher, but it still ended with a loss of 0.6%. Full Story
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