By: Chris Mullen, Gold-Seeker.com - 14 March, 2014
Gold waffled near unchanged in Asia before it jumped to as high as $1387.88 at about 9:30AM EST and then fell back to $1373.51 in the next two and a half hours of trade, but it then rallied back higher into the close and ended with a gain of 0.68%. Silver rose to as high as $21.771 and ended with a gain of 1.13%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 14 March, 2014
The New York gold price closed at $1,371.60 up $4.60 on Thursday in New York. Asia took it up again to $1,375 ahead of London’s opening. The gold price was Fixed in London at $1,370.00 down $1.00. In the euro, it Fixed at €986.463 up €4.16 as the dollar continued to strengthened to $1.3888 up 0.69 of a cent against the euro. Ahead of the opening in New York gold stood at $1,371.70 and in the euro at €987.37. Full Story
Heightened tensions ahead of Ukraine's weekend referendum in Crimea and concerns over China's financial system and economy and indeed the global economy pushed world stocks to their lowest in a month on Friday and sent investors into safe haven gold. Gold is 2.3% higher again this week and reached a 6 month high of $1,376.64/oz today and is poised for its sixth straight weekly rise. Gold is now 14% higher so far in 2014. It’s technicals look good and from a momentum perspective gold looks bullish. Full Story
Obama warned that unless Russian President Vladimir Putin pulls back, the U.S. and its allies “will be forced to apply a cost to Russia’s violations of international law and its encroachments on Ukraine.” Our View on Ukraine: The US and its allies make sure that nations bow to their whims and fancies through the use of trade sanctions. Most of the nations are friends of USA. So a sustained period of sanctions and global isolation implies a North Korea like situation which no one likes. Full Story
By: Chris Mullen, Gold-Seeker.com - 13 March, 2014
Gold climbed $7.83 to $1374.93 in Asia before it fell back to $1364.53 in London, but it then bounced back higher in New York and ended with a gain of 0.33%. Silver edged up to $21.448 before it dropped back to $21.109 and then also rebounded, but it still ended with a loss of 0.52%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 13 March, 2014
The New York gold price closed at $1,367.10 up $20.10 on Wednesday in New York. Asia took it up again to $1,375 ahead of London’s opening. The gold price was Fixed in London at $1,371.00 up $16.25. In the euro, it Fixed at €982.303 up €4.834 as the dollar continued to weaken at $1.3957. Ahead of the opening in New York gold stood at $1,369.00 and in the euro at €981.05. Full Story
US economic data flow starts after a lull of three days. This can result in profit taking in gold and copper and energies rising on short covering. Ukraine will be closely watched. Now only the Federal reserve meeting next week can cause a bearish trend reversal in gold. In case gold rises after the Federal reserve meeting, then $1530 will be imminent. Silver will zoom if copper prices start to rise. The correction in copper prices are a part of long term bull rally. Full Story
By: Chris Mullen, Gold-Seeker.com - 12 March, 2014
Gold climbed to as high as $1370.66 by early afternoon in New York before it fell back off a bit into the close, but it still ended with a gain of 1.49%. Silver surged to as high as $21.396 and ended with a gain of 2.26%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 12 March, 2014
The New York gold price closed at $1,347.00 up $7.10 cents on Tuesday in New York. Asia made it jump $10 ahead of London’s opening to $1,360. The gold price was Fixed in London at $1,355.75 up $7.75. In the euro, it Fixed at €977.469 up €3.903 as the dollar stood at $1.3870 slightly weaker. Ahead of the opening in New York gold stood at $1,359.00 and in the euro at €979.60. Full Story
The rise in gold prices is an indication of higher short term investment demand along with safe haven demand from Eastern Europe. People all over the world will be looking forward to the Russian reaction as and when economic sanctions and trade sanctions are imposed. This will be the key. There are no major US economic data releases today. It will be a technical trade. Copper is oversold but momentum is still bearish. Value based physical demand can come up anytime and should prevent copper prices from a further crash. Crude oil is looking bearish at the moment. Full Story
By: Chris Mullen, Gold-Seeker.com - 11 March, 2014
Gold climbed $12.55 to $1352.45 in London before it dropped back to $1337.90 just before noon EST, but it then bounced back higher in early afternoon New York trade and ended with a gain of 0.53%. Silver rose to as high as $21.309 before it dropped back to $20.662 and then also bounced back higher, but it still ended at unchanged on the day. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 11 March, 2014
The New York gold price closed at $1,339.90 up 70 cents on Monday in New York. Asia saw it rise ahead of London’s opening to $1,342. The gold price was Fixed in London at $1,348.00 up $13.75. In the euro, it Fixed at €973.566 up €12.014 as the dollar stood at $1.3846 slightly stronger. Ahead of the opening in New York gold stood at $1,350.00 and in the euro at €974.66. Full Story
There are no major US economic data releases today. It will be a technical trade with Ukraine developments as the key. Concerns over Chinese economic growth have resulted in a fall in base metal prices. The longer gold trades over $1326 on daily closing basis the higher are the chances of a rise to $1360 and $1392. Silver and copper need to trade over $2048 and $298 on daily closing basis to target $2225 and $321. Full Story
By: Chris Mullen, Gold-Seeker.com - 10 March, 2014
Gold fell almost $10 to $1329.67 in Asia before it climbed up to $1344.46 at about 11AM EST and then fell back off into the close, but it still ended with a gain of 0.05%. Silver slipped to $20.627 before it rallied back to $21.036, but it then fell back off in late trade and ended with a loss of 0.38%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 10 March, 2014
The New York gold price closed at $1,339.20 down $11.10 on Friday in New York. Asia saw it slip ahead of London’s opening to $1,332. The gold price was Fixed in London at $1,334.25 down $14.00. In the euro, it Fixed at €961.552 down €9.67 as the dollar stood at $1.3876 slightly stronger. Ahead of the opening in New York gold stood at $1,339.00 and in the euro at €965.11. Full Story
Gold retreated in all currencies for a second day after U.S. jobs data was slightly better than expected. Bullion for immediate delivery fell 0.4 % to $1,336.00 in London. Gold sold off sharply on Friday after the data and was down $25 in minutes in concentrated selling. The sell off was unusual as the data did not merit such a sharp, sudden sell off especially given that the fundamentals, including the geopolitical situation, remain highly supportive. Full Story
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