Gold rallied to as high as $1596.35 and ended with a gain of 1.04%. Silver rose to $27.509 in London before it slumped back to $27.14 in midmorning New York trade, but it then surged to a new session high of $27.56 and ended with a gain of 0.3%. Full Story
U.S. DOLLAR prices to buy gold rose to $1586 per ounce Friday morning in London, reversing losses from the previous two days but leaving gold more than 2% below its level of a month ago. Full Story
After initial falls in Asia, gold traded sideways and then gradually ticked higher later in the Asian session and has seen further gains in European trading. Gold is currently set to finish the week marginally lower in dollar and sterling terms but higher in euro and Swiss franc terms. Full Story
Gold fell $21.70 to $1554.90 at about 11AM EST, but it then shot back higher in the last five hours of trade and ended with a loss of just 0.31%. Silver slumped to as low as $26.456 before it also rallied back higher and ended with a gain of 0.3%. Full Story
Gold closed in New York at $1,576.60 up $8. Asia and London took it down $10 to $1,566 as the euro continued to fall and ahead of London’s morning Fix today was set at $1,565.50 down $11 and in the euro at €1,281.097 down €3, while the euro stood at €1: $1.2220 down another 50 cents. Ahead of New York’s opening gold stood at $1,564.10 in the middle and in the euro at €1,284.84 almost unchanged on yesterday. Full Story
The WHOLESALE BULLION gold price continued to weaken Thursday morning in London, dropping to new 2-week lows beneath $1565 per ounce on what analysts called "disappointment" over the latest monetary policy minutes from the US Federal Reserve. Full Story
Gold gradually ticked lower in Asian trading and has seen further slight weakness in European trading. Still robust physical demand is supporting gold at these levels and strong support is at the $1,500/oz level. The period of seasonal strength for gold bullion has arrived. Full Story
Gold climbed up to $1583.00 in Asia before it fell back to as low as $1567.21 immediately after the fed’s minutes were released, but it then bounced back higher in late trade and ended with a gain of 0.52%. Silver slumped to $26.816 before it also bounced back higher and ended with a gain of 0.93%. Full Story
Gold closed in New York at $1,568.40 down $19. Asia took it up to $1,977 ahead of London’s opening at which point it held steady. The morning Fix today was set at $1,576.50 down $20 and in the euro at €1,284.004 down 9€, while the euro stood at €1: $1.2278 down 50 cents. Ahead of New York’s opening gold stood at $1,577.44 in the middle and in the euro at €1,284.46. Full Story
HAVING seen sharp falls during Tuesday's US trading, gold prices regained some lost ground Wednesday morning, climbing as high as $1583 per ounce, while stocks and commodities were broadly flat and US Treasuries dipped. Full Story
This latest price weakness is confusing many market participants and causing further jitters to some owners of gold. Our conversations with people in the industry and our own experience makes us confident that this is another paper driven sell off drive primarily by speculative, leverage interests on the COMEX. Bullion dealers and banks have not changed their long term outlook for gold and are ignoring the considerable “noise” of recent days suggesting that further falls are likely. Full Story
Gold fell $5.32 to $1582.48 in Asia before it climbed to as high as $1601.00 at about 9AM EST, but it then fell back off for most of the rest of trade and ended with a loss of 1.22%. Silver dropped to $27.137 in Asia before it rebounded to $27.57 in London, but it then also fell back off in New York and ended with a loss of 1.83%. Full Story
Gold closed in New York at $1,587.80 up $4 even as the euro continued to fall. Asia left it unchanged ahead of London’s opening at which point it rose to $1,590 ahead of the Fix. The morning Fix today was set at $1,594.50 up $13.5 and in the euro at €1,293.292 up €6, while the euro stood at €1: $1.2329. The euro stood at €1: $1.2317 after the Fix. Ahead of New York’s opening gold stood at $1,593.30 in the middle and in the euro at €1,293.53. Full Story
WHOLESALE prices for gold bullion climbed to $1597 an ounce during Tuesday morning's trading in London – their highest level so far this week – while stock markets also ticked higher following news that Spain should receive some financial assistance for its banks later this month. Full Story
The last of the World Gold Council reports examined this week deals with the role of gold as an inflation hedge and a long-term strategic asset. The report says that traditional assets like fixed-income bonds and equities tend to not perform well during periods of high inflation. Gold, on the other hand, has been used as an inflation hedge for centuries. It is shown that gold’s performance has been best in the years when inflation in the US has been the highest. Full Story
Gold saw slight losses in Asia, but it then bounced back higher in New York and ended not far from its early afternoon high of $1592.80 with a gain of 0.25%. Silver surged to as high as $27.504 and ended with a gain of 0.85%. Full Story
Gold closed in New York at $1,583.80 down $21 on Friday as the euro tumbled. Asia left it unchanged ahead of London’s opening. The morning Fix today was set at $1,581.00and in the euro at €1,287.145, while the euro stood at €1: $1.2283 down one cent. The euro stood at €1: $1.2300 after the Fix. Ahead of New York’s opening gold stood at $1,585.45 in the middle and in the euro at €1,288.98. Full Story
U.S. DOLLAR gold prices held above $1580 an ounce Monday morning in London – broadly in line with last week's close – while major European stock markets were broadly flat on the day, with the exception of Spain's Ibex. Full Story
Gold is little changed in Asian and European trading this morning, and is currently at $1,583.54/oz. Silver is up slightly from Friday’s close, and currently trading at $27.21/oz. US jobs report on Friday was disappointing but not far below the expected figures; still, this increases the pressure on the Fed to take measures to stimulate the US economy. Full Story
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