By: Chris Mullen, Gold-Seeker.com - 13 August, 2010
Gold saw a slight gain in Asia at $1217.40 before it fell back off in London to as low as $1210.97 by about 11AM EST in New York, but it then rallied back higher in the last couple of hours of trade and ended with a loss of just 0.02%. Silver climbed almost 1% to $18.18 before it fell to $17.947 at about 9AM EST, but it then bounced back higher and ended with a gain of 0.28%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 13 August, 2010
The $1,215 price held through Asia and London to be Fixed at $1,215. Only ahead of New York’s opening has it tried to rise higher. It looks like it has won the battle of $1,200. Is this time to pick up some good shares as well? Full Story
By: Chris Mullen, Gold-Seeker.com - 12 August, 2010
Gold traded mostly slightly higher in Asia, rose almost $10 in London, and popped to as high as $1215.13 at the open of trade in New York before it dropped back off a bit by late morning, but it then climbed back near its earlier high in the last minutes of trade and ended with a gain of 1.44%. Silver climbed to as high as $18.095 by late morning in New York before it moderated its gains a bit in the last couple of hours of trade, but it still ended with a gain of 0.73%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 12 August, 2010
Suddenly the markets are getting the message. This morning Asia just held the gold price at $1,200 then it was Fixed at that price. Then, as the New York market was about to open its doors, the gold price jumped ten Dollars. The afternoon Fix was at $1,213. It just has to hold that level for the rest of the day and we are in the ‘gold season’ at the start of Ramadan too for risk levels to drop as direction is given. Full Story
By: Chris Mullen, Gold-Seeker.com - 11 August, 2010
Gold erased all of yesterday’s post-fed after hours gains and fell to just below yesterday’s close at as low as $1195.40 in London before it rose over 1% to as high as $1207.75 by about 9AM EST in New York and then fell back off for most of the rest of trade to as low as $1192.40 by late morning, but it then bounced back higher in afternoon trade and ended with a gain of 0.16%. Silver fell throughout most of trade in Asia, London, and New York and ended near its late morning low of $17.79 with a loss of 1.32%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 11 August, 2010
With Mr. Bernanke’s statement eagerly awaited, New York hardly moved until Europe closed. Then they took the gold price up to $1,203, but Asia was in no hurry to push it up. London waited for the gold Fix for guidance [it was Fixed $1,198 in the morning], then rose to tackle the $1,200 level ahead of New York’s opening. Just before that opening it started to jump and went up to $1,205. Full Story
By: Chris Mullen, Gold-Seeker.com - 10 August, 2010
Gold waffled near unchanged for most of trade in Asia before it fell back off in London to see an almost 1% loss at as low as $1190.25 in early New York trade and then stormed back higher in midday trade to almost unchanged at as high as $1199.65 by early afternoon, but it then fell back off in the last hour of trade and ended with a loss of 0.4%. It has however, more than erased that loss in after hours access trade in reaction to the fed’s announcement. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 10 August, 2010
New York closed with gold struggling to hold above $1,200 an ounce. This morning saw that struggle continue in Asia with the gold Fix at $1,196.50, which set the tone for the market ahead of New York. Full Story
By: Chris Mullen, Gold-Seeker.com - 9 August, 2010
Gold saw a $7.50 gain at $1209.70 in Asia, but it then fell back off in London and New York and ended near its late session low of $1198.95 with a loss of 0.15%. Silver climbed almost 1% to as high as $18.56 before it also fell back off and ended near its late session low of $18.212 with a loss of 0.81%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 9 August, 2010
With gold strong at London’s open at $1,209 it looks like gold has broken the back of resistance. There is more to this battle to come still as it has still to gain the foothold needed to run forward, but Friday saw the decisive step in the battle completed. Full Story
Incoming economic data from the US suggest that a mild slowdown is in the offing. The US July non farm payrolls was below market expectation which resulted in the US dollar getting slammed. But in my view the data is not as bad as the markets perceived. Base metals and US equities recovering from the lows are evidence of the not as bad economic number. Full Story
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