By: Chris Mullen, Gold-Seeker.com - 14 August, 2009
Gold rose as much as $4.25 to $958.95 in London and then fell all the way to $942.80 by about noon EST in New York before it rebounded back higher in the last half hour of trade, but it still ended with a loss of 0.83%. Silver rose about 1% to $15.12 in late Asian trade and dropped to as low as $14.59 midday in New York before it also rebounded into the close, but it still ended with a loss of 2.00%. Full Story
THE PRICE OF PHYSICAL GOLD pushed back up to $959 an ounce Friday lunchtime in London, a little higher for the week as European stock markets touched new 10-month highs and crude oil moved back above $71 a barrel. Full Story
By: Chris Mullen, Gold-Seeker.com - 13 August, 2009
Gold and silver rebounded from late yesterday’s slight post fed announcement losses and traded mixed in Asia prior to rising markedly in London to as high as $960.30 and $15.12 before they roughly halved their gains by about 10AM EST in New York, but they then bounced back higher into the close and gold ended with a gain of 0.51% while ended with a gain of 2.82%. Full Story
The trending pattern in gold prices continues to leave traders flummoxed about which direction will prevail in the next few weeks. From a charting perspective, the winding pattern cannot continue much longer, with prices now constrained between $970 on the upside and $940 on the downside. Though the U.S. dollar remains in a downward trend, gold bulls have not been able to push prices higher, only sideways. Full Story
THE PRICE OF GOLD rose sharply as the US Dollar fell Thursday morning in London, touching four-session highs above $960 an ounce as world stock markets rose for the third day running. Full Story
As expected the Fed meeting did not surprise the markets, interest rate expectations were left unchanged and they said that the zero interest rate policy (ZIRP) will continue for a long time. In my view the Fed, European central banks and other developed nations central banks will follow ZIRP either till the end of December or till the first quarter of 2010. Full Story
By: Chris Mullen, Gold-Seeker.com - 12 August, 2009
Gold fell as much as $5.77 to $939.88 by late trade in Asia, but it then rebounded back near unchanged in London and accelerated its advance in New York before it ultimately ended near its high of $952.05 with a gain of 0.44%. Silver dropped to $14.11 to see a loss of $0.23 in Asia, but it also rallied back higher in London and New York and ended near its high of $14.605 with a gain of 1.53%. Full Story
THE PRICE OF PHYSICAL GOLD bounced from new August lows Wednesday lunchtime in London, trading at $945 an ounce as the US Dollar pulled back from new two-week highs on the currency market. Full Story
By: Chris Mullen, Gold-Seeker.com - 11 August, 2009
Gold rose to see a $4.75 gain at as high as $949.70 shortly after the open of trade in New York at about 8:30AM EST before it fell to see a $3 loss at $941.95 a little before 10AM EST, but it then rallied back higher into the close and ended with a gain of 0.074%. Silver climbed as much as $0.12 to $14.49 in London before it fell to see a $0.14 loss at $14.23 by midmorning in New York, but it also rallied back higher into the close and ended with a loss of just 0.22%. Full Story
GOLD HELD FLAT Tuesday morning in London, adding 0.6% from yesterday's 7-session low as Asian stock markets rose but European shares reversed early gains. Oil futures were little changed below $71 per barrel despite news that China's crude imports jumped by 18% in July to a new monthly record. Full Story
By: Chris Mullen, Gold-Seeker.com - 10 August, 2009
Gold saw just slight losses in Asia and London before it plummeted over $10 at the open of trade in New York and dropped to as low as $942.75 at about 8:30AM EST before it bounced off that low during the rest of trade, but it still ended with a loss of 1.24%. Silver fell about 2% in London and dropped to as low as $14.28 by about 9AM EST in New York before it also rebounded slightly into the close, but it still ended with a loss of 2.11%. Full Story
THE PRICE OF GOLD fell 1.1% to a 7-session low Monday lunchtime in London, dropping to $945 an ounce as European stock markets slipped back from Friday's new 10-month highs. The US Dollar held flat on the currency markets, while crude oil traded down towards $70 per barrel. Full Story
The content on this site is protected
by U.S. and international copyright laws and is the property of GoldSeek.com
and/or the providers of the content under license. By "content" we mean any
information, mode of expression, or other materials and services found on GoldSeek.com.
This includes editorials, news, our writings, graphics, and any and all other
features found on the site. Please contact
us for any further information.
Live GoldSeek Visitor Map | Disclaimer
The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy
or completeness of the information (including news, editorials, prices, statistics,
analyses and the like) provided through its service. Any copying, reproduction
and/or redistribution of any of the documents, data, content or materials contained
on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC,
is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be
liable to any person for any decision made or action taken in reliance upon
the information provided herein.
