Gold saw slight gains in Asia and rose as much as $20.30 to a new record intraday high of $1249.30 in London before it dropped in morning New York trade to as low as $1217.80 by a little after 11AM EST, but it then bounced back higher into the close and ended with a loss of just 0.11%. Silver climbed to as high as $19.702 in London before it fell to as low as $18.94 in New York and then rallied back higher in the last couple of hours of trade, but it still ended with a loss of 1.34%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 14 May, 2010
"Gold is running again and attacking $1,350 now, with Asia keeping prices up overnight and London working it higher, at the Fix at $1,238. Silver has yet to follow, standing at $19.64.” Full Story
WHOLESALE GOLD BULLION PRICES rose to new record highs against all major currencies Friday morning in London, as world stock markets fell amid the ongoing Eurozone crisis. Full Story
Gold fell almost 1% in London before it climbed back higher in morning New York trade and saw a 13 cent gain at $1242.83 by about 11:30AM EST, but it then fell back off in the last couple of hours of trade and ended near its session low of $1227.35 with a loss of 1.1%. Silver rose almost 1% to as high as $19.806 before it also fell back off in late trade and ended with a loss of 1.02%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 13 May, 2010
The relationship with the € is sidelined or ended. After all, why should it move with the € now still falling at $1.2590? Gold and silver are still robust. As shock gives way to calm, prices may rest today or slip, slightly, a healthy reaction in these markets. Full Story
THE PRICE OF GOLD in terms of Euros and Sterling rose to new record highs Thursday morning in London, trading $5 below yesterday's all-time Dollar high as commodities fell and government bond prices rose. Full Story
Gold has consolidated near record highs in Europe today as concerns about eurozone debt default and sovereign debt contagion remain. Gold rose to $1,246/oz early in the afternoon in New York yesterday before closing with a gain of 1.92%. It then rose to a new all time nominal high of $1,248.20/oz after New York closed. It has range traded from $1,233/oz to $1,239/oz in Asian and early European trading this morning. Full Story
Gold rose throughout most of trade and ended near its early afternoon high of $1246.72 with a gain of 1.92%. Silver rose to as high as $19.702 by late morning in New York and ended with a gain of 2.03%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 12 May, 2010
"Gold is breathing new air at nearly $1,340 at London’s open, with Asian demand holding prices up overnight. With Gold the Thermometer of the state of the global monetary system, the infection is becoming contagious!” Full Story
THE PRICE OF PHYSICAL GOLD in London's wholesale market jumped to new all-time highs against all-but-three of the world's major currencies on Wednesday morning, breaking US$1245 an ounce by lunchtime. Full Story
Gold rose as much as $24.30 to as high as $1224.20 by about 10AM EST in New York before it fell back off a bit in the last few hours of trade, but it still made a new record closing high and ended with a gain of 1.61%. Silver climbed to as high as $19.322 by early afternoon in New York and ended with a gain of 3.89%. Full Story
THE PRICE OF GOLD hit a new record high against the US Dollar at Tuesday's PM Fix in London, surging more than 3% from yesterday's low as world stock markets fell once again with commodities. Full Story
Gold has recovered from the slight sell off seen yesterday and stayed above $1,200/oz in Asian trading before rallying in early European trading. The initial euphoria that saw stocks and the euro surge yesterday has quickly dissipated with the euro giving up most of yesterday's gains and stocks coming under pressure this morning. Full Story
Gold fell over 2% to as low as $1184.00 by about 4AM EST in Asia, but it then climbed steadily higher in London and New York and ended near its late session high of $1202.25 with a loss of just 0.75%. Silver fell to as low as $18.18 in Asia before it rose to as high as $18.632 in New York and ended with a gain of 0.87%. Full Story
THE PRICE OF GOLD fell hard from last week's record-high finish on Monday morning, losing 2% vs. the Dollar as commodities and global equities jumped on news of the European Union's new €750 billion "Stabilization Mechanism" plan. Full Story
The unprecedented $1 trillion EU bailout and printing money to buy bonds package has led to renewed risk appetite. It has seen equity markets surge in a euphoric buying splurge (European stock markets are up between 4% and 11%) and the euro has strengthened against most currencies (see Cross Currency table). Gold has fallen 0.8% in dollar terms and by more in other currencies and the bouncing euro. Full Story
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