By: Chris Mullen, Gold-Seeker.com - 14 October, 2011
Gold climbed $16.60 to $1683.60 by about 9:15AM EST before it fell back to almost unchanged by late morning in New York, but it then rallied back higher in afternoon trade and ended with a gain of 0.86%. Silver rose to as high as $32.52 before it also fell back near unchanged, but it too rallied back higher in late trade and ended with a gain of 1.1%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 14 October, 2011
New York closed at $1,667.00 but then Asia took the gold price up to $1,676 and €1,216.79 a price that held as London came to life again. In London, the price held that level until the Fix which was set at $1,676.00 at €1,214.317 while the euro stood at €1: $1.3735. Ahead of New York’s opening gold slipped to $1,673.15 and in the euro at €1,213.74, while the euro stood at €1: $1.3785. Full Story
WHOLESALE prices for gold bullion climbed to $1679 an ounce Friday morning London time – 0.7% down on Wednesday's high for the week – before easing back, as industrial commodities rallied and stocks edged up, while government bond prices fell. Full Story
Gold is trading at USD 1,675.30, EUR 1,214.20, GBP 1,062.30, JPY 129,036.00, AUD 1,634.90 and CHF 1,503.70 per ounce. Gold’s London AM fix this morning was USD 1,676.00, GBP 1,062.31 and EUR 1,214.31 per ounce. Yesterday’s AM fix was USD 1,673.00, GBP 1,065.74 and EUR 1,218.05 per ounce. Full Story
By: Chris Mullen, Gold-Seeker.com - 13 October, 2011
Gold fell as much as $27.94 to $1652.76 by about 10AM EST before it rallied back higher in the last few hours of trade, but it still ended with a loss of 0.82%. Silver dropped to as low as $31.447 before it also bounced back higher, but it still ended with a loss of 2.99%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 13 October, 2011
New York closed at $1,680.70 then Asia took the gold price down to $1,670 and €1,211. As London woke up, the price gently climbed back in both the dollar and the euro [$1,675.35 and €1,217.82] ahead of the Fix. This week we are seeing the euro price of gold at the London Fix dominate the gold market. Full Story
WHOLESALE prices to buy gold dropped to $1667 an ounce Thursday morning London time – a 1.3% fall from the week's high set yesterday – while stocks and commodities also fell and US Treasury bonds rose following news that European banks may have to raise fresh capital. Full Story
Gold is trading at USD 1,670.40, EUR 1,216.90, GBP 1,063.81, JPY 128,555.00, AUD 1,643.34 and CHF 1,500.20 per ounce. Gold’s London AM fix this morning was USD 1,673.00, GBP 1,065.74 and EUR 1,218.05 per ounce. Yesterday’s AM fix was USD 1,687.00, GBP 1,070.36 and EUR 1,222.02 per ounce. Full Story
By: Chris Mullen, Gold-Seeker.com - 12 October, 2011
Gold climbed to as high as $1691.75 by about 8:30AM EST before it fell back off a bit in New York, but it still ended with a gain of 1.27%. Silver rose to as high as $33.04 and ended with a gain of 2.28%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 12 October, 2011
Many have contemplated adjusting their precious metal portfolios in light of the fall of the gold price from $1,900 to the current $1,600+ level. Many gold shares haven’t performed as well as the gold price. Why? Will they in the future? Should investors hold just the metal, or will shares now outperform the gold and silver prices? What are the criteria for choosing a share in the precious metals, mining industry? How do I design my own portfolio to suit my investment goals and emotional tolerance? Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 12 October, 2011
After New York closed at $1,659.70 Asia took the gold price higher to $1,674 ahead of London’s opening with the euro at €1: $1.3654 and gold in the euro at €1,226.01. It then climbed with the euro [€1: $1.3742] to $1,679.30 ahead of the Fix. Gold then Fixed at $1,687.00 and in the euro slightly lower than yesterday’s €1,222.98 at €1,222.021 while the euro stood at €1: $1.3803. Later in London’s morning and ahead of New York’s opening, gold slipped slightly to $1,683.55 and in the euro to €1,222.80 while the euro was at €1: $1.3768. Full Story
SPOT MARKET gold bullion prices climbed to $1687 an ounce Wednesday morning London time – their highest level since September 23 – as stocks and commodities also gained despite Slovakia's parliament voting against measures designed to promote Eurozone stability. Full Story
Gold is trading at USD 1,684.20, EUR 1,221.90, GBP 1,068.81, JPY 129,103.00, AUD 1,663.34 and CHF 1,509.80 per ounce. Gold’s London AM fix this morning was USD 1,687.00, GBP 1,070.36 and EUR 1,222.02 per ounce. Yesterday’s AM fix was USD 1,662.00, GBP 1,064.09 and EUR 1,222.96 per ounce. Full Story
The parliament of tiny Slovakia stalled the expansion of a bailout fund to rescue the euro zone from its debt crisis. But Greece will get the aid. For now, Greece needs an immediate infusion of cash within weeks just to meet state payrolls. Full Story
By: Chris Mullen, Gold-Seeker.com - 11 October, 2011
Gold reversed early Asian gains and fell $14.90 to as low as $1654.10 by about 5AM EST, but it then rallied back higher in New York and ended with a loss of just 0.56%. Silver fell to as low as $31.34 before it also rallied back higher and ended with a gain of 0.28%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 11 October, 2011
After New York closed higher, Asia took the gold price all the way to resistance at $1,680 before London pulled it back down to $1,657 ahead of the Fix in London. The euro continued strong at 1€: $1.36oo at the time before slipping only slightly to €1: $1.3593 after London opened. Gold then Fixed at $1,662.00 and in the euro at €1,222.958 while the euro stood at €1: $1.3616. Full Story
THE SPOT MARKET gold price fell to $1655 an ounce Tuesday morning in London – a gain of 1% for the week so far – while stocks and commodities were mostly flat ahead of a Slovakian parliament vote that could potentially jeopardize efforts to tackle the Eurozone debt crisis. Full Story
Gold is trading at USD 1,655.70, EUR 1,232.18, GBP 1,065.81, JPY 126,856.60, AUD 1,703.34 and CHF 1,523.38 per ounce. Gold’s London AM fix this morning was USD 1,662.00, EUR 1,222.96, and GBP 1,064.09 per ounce. Yesterday’s AM fix was USD 1,664.00, EUR 1,226.59, and GBP 1,063.74. Full Story
By: Chris Mullen, Gold-Seeker.com - 10 October, 2011
Gold climbed higher throughout most of world trade and ended near its New York noontime high of $1674.72 with a gain of 2%. Silver rose to as high as $32.323 and ended with a gain of 2.8%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 10 October, 2011
Asia took the gold price back to the morning and afternoon London gold Fixing ahead of London’s opening, at $1,651.55, while that euro stood at €1: $1.3478. Ahead of the Fix the gold price continued to rise slightly by $10 and then Fixed higher than the market at $1,664.00 and in the euro at €1,226.596 while the euro stood at €1: $1.3566. Full Story
WHOLESALE MARKET gold bullion prices climbed to $1670 an ounce Monday lunchtime in London – 2% up on last week's close – while stocks and commodities also rose and government bonds fell following a pledge by France and Germany to recapitalize Europe's banks. Full Story
It now looks like we were a little too bullish in the last update, for the way gold has acted over the past week suggests that another sharp drop is imminent before the dust finally settles on this reactive phase, that it likely to take it to or some way below its recent panic lows. Full Story
US – Indian Rupee (USD/INR) is trading at 49.09. In six months we expect USD/INR to fall to Rs.47.30 and Rs.45.00. For the moment the fundamentals of Indian economy are mildly weak on the back of continued high food price inflation, low manufacturing sector growth and a government backed by scams and its failure to take tough measures. Full Story
By: Chris Waltzek, GoldSeek.com Radio - 9 October, 2011
- Headline news & the Market Weatherman Report. - Spotlight Stock Picks. - Host Chris Waltzek & Bob Chapman, The International Forecaster discussion and answer listener's questions. Full Story
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