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Weekly Archives
By: GoldSeek.com - 14 December, 2007
COT Gold, Silver and US Dollar Index Report - December 14, 2007. Full Story |
By: Adam Hamilton, Zeal Intelligence LLC - 14 December, 2007
So watch euro gold closely in the coming weeks and months. Few things motivate international investors to buy gold like new record highs. We just saw one last month, and euro gold sure looks like it is basing high ahead of surging up to another record attempt soon. It should be fun to behold. Full Story |
By: Adrian Ash - 14 December, 2007
Gold Slips as Dollar Bounces Ahead of Inflation Data, But US Currency Faces "Loss of Caste" as World's No.1 Full Story |
By: Rick Ackerman, Rick's Picks - 14 December, 2007
Retail results supposedly were up across the board, not counting autos, but someone in the chat room said he’d read that 55.4% of the increase in revenues was attributable to higher gasoline prices. Did he perhaps confuse the two reports? Full Story |
By: Chintan Karnani, Insignia Consultants - 14 December, 2007
There are still huge short positions in US dollar and positive news like sharp rise November US retail sales resulted in some of the US dollar shorts getting squared off and the subsequent effect on precious metals and energies. Full Story |
By: Chris Mullen, Gold-Seeker.com - 13 December, 2007
Gold traded just slightly lower in Asia and London before it sold off in early New York trade and fell to as low as $792.02 by about 11AM EST, but it then rebounded nearly 1% off that low in the last few hours of trade and ended with a loss of 1.80%. Silver fell to as low as $13.95 before it also rebounded about 1% off that low in afternoon trade, but it still ended with a loss of 3.76%. Full Story |
By: Gold Investments - 13 December, 2007
The huge and unprecedented $110 billion (£53.7 billion) injection into money markets by the world’s key central banks yesterday has been greeted with skepticism by the financial markets with Asian and European stock markets selling off aggressively today. The drastic central bank action will lead to heightened risk aversion and safe haven demand for gold. Full Story |
By: Adrian Ash - 13 December, 2007
SPOT GOLD PRICES drifted lower from yesterday's two-week highs early Thursday, recording an AM Fix in London of $809 per ounce as global stock markets fell hard despite Wednesday's attempt by five of the world's biggest central banks to ease pressure in world money markets. Full Story |
By: Chintan Karnani, Insignia Consultants - 13 December, 2007
The expected surprise came a day after as the Fed, European Central Bank, Bank of England, Bank of Canada, and Swiss National Bank all released plans to provide extra liquidity to money markets, auctioning off loans with comparatively low interest rates to ease tension in global money markets. Full Story |
By: Chris Mullen, Gold-Seeker.com - 12 December, 2007
After closing at $811.60 yesterday, gold fell back off in illiquid after hours access trade to as low as $795.70 at one point, but it then rallied back higher in Asia and London and rose to as high as $817.00 in early New York trade before it came back off slightly in the last few hours of trade and ended with a gain of 0.20%. Silver dropped to $14.47 and rose to $14.797 before it also fell back in the last few hours of trade and ended with a loss of 0.20%. Full Story |
By: Adrian Ash - 12 December, 2007
SPOT GOLD PRICES added to their post-Fed recovery early Wednesday, trading more than 1.7% above the overnight low – and well above Tuesday's start – at $810 per ounce as the US open drew near. Full Story |
By: Gold Investments - 12 December, 2007
Gold was up $4.00 to $811.60 per ounce in New York yesterday and silver was up 3 cents to $14.67 per ounce. Subsequent to the Federal Reserve's 25 basis point interest rate cut gold fell in the less liquid New York Access market and erased the earlier gains. In volatile trade gold then fell as low as $796 but then rallied strongly and again erased the short term losses and in Asian and early European trading gold has been strong was at $807.50 at the today's London AM Fix. Full Story |
By: Chintan Karnani, Insignia Consultants - 12 December, 2007
The Fed surprised the markets by not surprising it as some traders positioned themselves for a surprise fifty basis point cut which did not happen and the sell off in equities and commodities. It’s back to square one for now and traders will be once again shredding every piece of US economic data and position themselves for the next interest rate meeting. Full Story |
By: Chris Mullen, Gold-Seeker.com - 11 December, 2007
Gold dropped to find about 0.5% losses at as low as $803.50 by early trade in London, but it then steadily moved higher for the rest of trade and ended near its high of $813.50 with a gain of 0.5%. Silver dropped to $14.52 by early trade in New York before it rallied to as high as $14.76 by early afternoon, but it then fell back off slightly in the last hour of trade and ended with a gain of just 0.20%. In reaction to the fed’s statement, however, both metals are trading over 1.5% lower in after hours access trade at the time of writing. Full Story |
By: Gold Investments - 11 December, 2007
Gold has traded sideways in Asian and early European trading and is trading at $807.50/808.00 per ounce at 1200 GMT. Gold has increased slightly in pounds sterling and euros and at the London AM Fix gold was trading at £393.79 GBP (up from £392 at 1200 GMT yesterday ) and €549.15 EUR (up from €545 at 1200 GMT yesterday). Full Story |
By: Adrian Ash - 11 December, 2007
SPOT GOLD PRICES slipped back from an overnight high of $810.50 in early London trade, recording an AM Fix of $806.75 per ounce and then dropping to $804.50 as the US open approached. Full Story |
By: Chris Mullen, Gold-Seeker.com - 10 December, 2007
Gold traded about $5 higher in Asia and London and then jumped even more in midmorning New York trade to as high as $812.10 by about 10AM EST before it fell back off a bit into the close, but it still ended with a gain of 1.66%. Silver followed a similar pattern and topped $14.71 before it also came back off slightly into the close, but it still ended with a gain of 2.09%. Full Story |
By: Gold Investments - 10 December, 2007
The dollar and oil are largely flat since Friday. Gold is likely to take its cue from the Federal Reserve's interest rate decision with further interest rate cuts likely to weaken the dollar and bolster gold. The deterioration in the U.S. housing market is now spreading to the wider economy and that has led to some speculation of a drastic 50 basis point cut which would be very bullish for gold. Full Story |
By: Adrian Ash - 10 December, 2007
GOLD PRICES rose throughout the Asian session on Monday, starting the week in London just above $800 per ounce – a gain of 0.7% from Friday's US close – for physical metal delivered immediately. Full Story |
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