By: Chris Mullen, Gold-Seeker.com - 14 August, 2015
Gold dipped $2.68 to $1112.52 in early Asian trade before it rallied back to $1121.00 in London and then fell to as low as $1111.84 in early afternoon New York trade, but it then rallied back higher in the last couple of hours of trade and ended unchanged on the day. Silver slipped to as low as $15.184 and ended with a loss of 1.23%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 14 August, 2015
On Thursday New York closed at $1,115.20 down $8.60. The dollar was slightly weaker at $1.1142 down from $1.1111 with the dollar Index weaker at 96.42 down from 96.58 on Friday morning. This morning the LBMA gold price was set at $1,116.75 up $0.6. The euro equivalent was €1,003.23 down €3.68. Ahead of New York’s opening, gold was trading in a very narrow 30 point spread around $1,119.10 and in the euro at €1,001.79. Full Story
This morning, gold is 0.4% higher to $1,120 per ounce. Silver is 0.5% higher to $15.60 per ounce. Platinum and palladium are 0.2% and 0.8% higher to $998 and $625 per ounce respectively. Gold reached a 3 week high yesterday as speculators and investors moved back into gold. Short covering and traders going long was seen on the COMEX and investors bought the most gold through ETPs since June this year. Full Story
Gold has a mini double top at $1126 - Silver has a mini double top at $1560 – watch for weekend short covering in crude oil. I am not buying in gold and silver unless they break and trade over $1131 and $1576 respectively. There will always be risk of a big fall in case these prices are not breached. US July retail sales numbers point to an interest rate hike next month. Full Story
By: Chris Mullen, Gold-Seeker.com - 13 August, 2015
Gold dropped $10.02 to $1113.78 by midafternoon in New York before it bounced back higher into the close, but it still ended with a loss of 0.77%. Silver slipped to as low as $15.314 and ended with a loss of 0.71%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 13 August, 2015
On Tuesday New York closed at $1,123.80 up $15.10. The dollar was slightly stronger at $1.1111 up from $1.1144 with the dollar Index unchanged at 96.58. This morning the LBMA gold price was set at $1,117.35 up $03.55. The euro equivalent was €1,003.23 up €2.40. Ahead of New York’s opening, gold was trading in a very narrow 30 point spread around $1,117.75 and in the euro at €1,005.00. Full Story
GoldCore are blessed to have many well connected, informed and enlightened subscribers and clients throughout the world. On a daily basis, we receive interesting tidbits and insights from all corners of the world. A common thread in the dialogue with our growing 31,824 email subscribers and wider online and social media following is a genuine concern about the economic, financial and indeed monetary outlook for the world. Full Story
The big question is whether the rally in gold and silver will be sustainable or it may last this month and fall next month. Net short positions have reduced in gold and silver which itself is a positive sign. It will not be easy to fall below this year’s low in gold and silver. There will be higher retail demand now. Retailers were not buying on expectation of below $1000 in gold. Now they will certainly use sharp dips to buy. Physical demand for gold and silver will zoom in Asia on every big fall (if any). Full Story
By: Chris Mullen, Gold-Seeker.com - 12 August, 2015
Gold climbed $16.70 to $1125.40 by late morning in New York and ended with a gain of 1.36%. Silver rose to as high as $15.592 and ended with a gain of 1.17%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 12 August, 2015
On Tuesday New York closed at $1,108.70 up $5.40. The dollar was weaker at $1.1144 down from $1.0978 with the dollar Index also weaker at 96.58 down from 97.46. This morning the LBMA gold price was set at $1,116.80 up $3.55. The euro equivalent was €1,003.23 down €6.29. Ahead of New York’s opening, gold was trading in London $1,117.10 and in the euro at €1,003.28. Full Story
Gold and silver rose on the COMEX yesterday – up 0.5% to $1,108.70 and silver was up 0.6% to $15.34 per ounce. This morning, gold is 0.85% higher to $1,119 per ounce. Silver is up 0.1% to $15.47 per ounce. Platinum and palladium are 0.5% and 1% higher to $996 and $610 per ounce respectively. Full Story
By: Chris Mullen, Gold-Seeker.com - 11 August, 2015
Gold dipped $9.31 to $1093.99 in early Asian trade before it jumped up to $1119.18 by a little before 4AM EST and then drifted back lower in London, but it then edged back higher in New York and ended with a gain of 0.49%. Silver rose to as high as $15.409 and ended with a gain of 0.66%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 11 August, 2015
On Monday New York closed at $1,103.30 up $11.20. The dollar was unchanged at $1.0978 with the dollar Index weaker at 97.46 down from 97.85. The dollar continued to weaken during London’s morning. This morning the LBMA gold price was set at $1,113.25 up $18.45. The euro equivalent was €1,009.52 up €8.51. Ahead of New York’s opening, gold was trading in London $1,114.00 and in the euro at €1,010.48. Full Story
Gold and silver rose on the COMEX yesterday – up 1% to $1,103.30 and silver surged 3% to $15.24 per ounce. Both metals saw similar gains in euro, sterling and other currencies. This morning, gold is 0.8% higher to $1,114 per ounce. Silver is up 0.82% to $15.46 per ounce. Platinum and palladium are 1.1% and 1.8% higher to $999 and $624 per ounce respectively. Full Story
Gold, silver and commodities in general rose after one of the Federal Reserve members Fischer said that interest rates may not be raised unless inflation targets are met. If Mr. Fischer is followed, then interest rates in the USA may not be raised in the next twelve months. Inflation will stay low. But I do not believe in these comments. These are just a way of fooling the investor. Full Story
By: Chris Mullen, Gold-Seeker.com - 10 August, 2015
Gold gained $6.21 to $1098.31 in Asia before it drifted back towards unchanged in London, but it then shot up to as high as $1108.74 in New York and ended with a gain of 1.03%. Silver surged to as high as $15.391 and ended with a gain of 3.18%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 10 August, 2015
On Friday New York closed at $1,092.10 up $2.80. The dollar is down more than half a cent at $1,0976, with the dollar Index weaker initially before rising to 97.85 down from 97.90. This morning the LBMA gold price was set at $1,094.80 up $3.45. The euro equivalent was €1,001.01 up €3.25. Ahead of New York’s opening, gold was trading in London above $1,094.30 and in the euro at €1,000.50. Full Story
A September interest rate hike has been factored in by the markets. The next thing which investors will be looking forward to is the pace of US interest rates till early 2016. A slower pace of hikes should be bullish for bullion. Chinese July export and import numbers reflects a continued slump in demand. China is bearish for all metals and energies. Full Story
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