Gold remained near unchanged in Asia, traded about a dollar higher in London, and fell off a few dollars to as low as $663.60 by late morning in New York before it rallied back higher into the close, but it still ended with a loss of 0.10%. Silver rose near $13.15 in London before it dropped to $12.97 in New York and then bounced back higher into the close to end with a loss of 0.53%. Full Story
GOLD RECOVERED an overnight dip in Asia during the first half of London trade Friday, reaching back above $668 for the fourth time in two days as the US open drew near. "Sentiment is definitely firm at the moment given the consistent record highs we are seeing on the Euro," says Brandon Lloyd for Mitsui. Full Story
Central banks have also become obsessive with strong equity markets. Politicians ensure that their comments are not negative for the stock markets. The reason is that most of the central banks are now using stock markets rise growth to propel higher consumption and strong GDP growth. Full Story
Gold rose over a dollar in Asia, added another couple of dollars to its gains in London, and rose over 1% on the day by midmorning in New York before it fell back off slightly in the last couple hours of trade, but it still ended with a gain of 0.95%. Silver rose about 5 cents in Asia and London before it rose throughout trade in New York and ended near its high with a gain of 1.87%. Full Story
GOLD PRICES ROSE steadily through the Asian and early London sessions on Thursday, touching $665 per ounce for US investors as the US open drew near. Gold also recovered more than 0.7% from yesterday's low against the British Pound, but rose more slowly versus the Euro, only just breaking €482 per ounce. Full Story
Gold traded roughly $2 higher in Asia and London before it fell back off in New York and dropped to as low as $659.30 by late morning, but it then rebounded slightly in afternoon trade and ended with a loss of just 0.33%. Silver dropped to as low as $12.79 before it also rallied back higher in afternoon trade and ended with a loss of just 0.16%. Full Story
GOLD TRADED $2 above Tuesday's US close in the first-half of London trade on Wednesday, approaching lunchtime just shy of $666 per ounce. Aside from growing demand for investment gold, "additional buying in gold also comes from the strong support around the $650 level," said Pradeep Unni at Vision Commodity Services in Dubai to Reuters earlier. Full Story
The foreign exchange reserve diversification bug could soon catch up with US best ally, Japan. Japan, should invest $700 billion of its currency reserves in higher-yielding assets such as stocks and corporate bonds, said Takatoshi Ito, an adviser to the prime minister. Japan is the largest holder of US treasuries. Full Story
Gold fell a few dollars in Asia, found slight gains in London, and rose near $665 to find near 1% gains by late morning in New York before it fell back off a bit into the close, but it still ended with a gain of 0.32%. After underperforming gold yesterday, silver outperformed today and rose near $13.00 before it also fell off a bit into the close, but it still ended with a healthy gain of 1.42%. Full Story
Today at noon, Fed Chairman Ben Bernanke will be speaking about the future inflationary outlook to a group of economist in Massachusetts. Hopefully, at the end of the meeting, we will have a better understanding on the future outlook of inflation and what the inflation target will be going forward. Full Story
GOLD TODAY held onto Monday's gains early in the London session, hitting $661.15 per ounce at the Morning Fix – the highest AM Fix since June 7th for Dollar investors. John Reade at UBS in London today advised investors to start buying gold, according to a Bloomberg report, before large speculators build their holdings, perhaps sending prices higher over the coming month. Full Story
Nickel has been falling to due to destocking by steel companies in light of record prices. They are also looking for alternatives to nickel. I do not agree with this view. Full Story
Gold traded roughly $1-$4 higher in Asia and London before it jumped even higher to above $662 in early New York trade, remained near its highs in the low $660s for the rest of the session, and ended with a gain of 1.23%. Silver found over 1% gains above $12.80 in early New York trade before it fell back off in afternoon trade, but it still ended with a gain of 0.40%. Full Story
GOLD OPENED Monday in London just shy of Friday's close at $656 per ounce – more than $4 higher from last week's start against the US Dollar – before rising to a five-session high of $657.80 per ounce. "Fresh funds are flowing into gold as we're in the early part of the third quarter, although the market is still nervous because of uncertainty over the outlook for global interest rates," said Shuji Sugata at Mitsubishi Futures and Securities to Reuters earlier. Full Story
This is one of the dumbest way of trading which I have ever come across. Silver showed true form after a long time as September future fell to $1242 only to race to $1286.50 quickly. Full Story
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