Monthly Archives: January 2010

28
Jan
2010

GoldCore Update: Precious Metal Analysts Bullish in 2010; Asia Favours Gold as Inflation Hedge

Gold
Gold slipped some 1% to $1,085.40/oz in US trading but then recovered to range trade from $1,085/oz to $1,091/oz in Asian trading. Gold is currently trading at $1,089.00/oz and in euro and GBP terms, gold is trading at €779/oz and £672/oz respectively.

Obama’s Populist Rhetoric Soothes Markets but Uncertainty Growing

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27
Jan
2010

GoldCore Update: Uncertain Political and Regulatory Conditons Leading to Uncertainty in Markets

Gold
Gold rose slightly in US trading yesterday and rose in early trade in Asia prior to range trading between $1,092/oz and $1,098/oz overnight and this morning. Gold is currently trading at $1,096.40/oz (support at $1,075/oz) and in euro and GBP terms, gold is trading at €779.08/oz and £676.08/oz respectively.

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26
Jan
2010

GoldCore Update: UK Economy Struggling – Sterling Gold Testing Resistance at £700/oz

Gold
Gold closed higher in New York yesterday at $1,096.85/oz. It rose overnight in Asia to over $1,103/oz prior to giving up those gains and moving downward slowly. Gold is currently trading at $1,091.00/oz and in euro and GBP terms, gold is trading at €775/oz and £674/oz respectively.

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25
Jan
2010

GoldCore Update: Markets Await Bernanke Re-Nomination

Gold
Gold is trading at $1,102/oz. In euro and GBP terms gold is trading at €777/oz and £682/oz. Support for gold is currently seen at $1,076/oz and resistance at $1,115/oz. Some calm has returned to markets in Europe after the sell off on Wall Street Friday and in Asia overnight.

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22
Jan
2010

GoldCore Update: Obama and Volcker Reforms Spook Markets

Gold
Gold fell a further 1% yesterday and is trading at $1,093.80/oz. In euro and GBP terms gold is trading at €774/oz and £673/oz. Support for gold is currently seen at $1,088/oz and resistance at $1,112/oz.

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21
Jan
2010

GoldCore Update: Chinese Tightening Leads to Economic Jitters and Risk Aversion

Gold
Gold fell 2.2% yesterday and has fallen again in early London trading and is testing support at $1,100/oz. More significant support is at $1,080/oz and a close below that level could lead to a fall to stronger support at previous resistance at $1,030/oz. Gold is currently trading at $1,105.00/oz and in euro and GBP terms, gold is trading at €787/oz and £684/oz respectively. The possible insolvency of Greece with the attendant negative ramifications for the euro is seeing gold continually test the €800/oz mark.

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13
Jan
2010

GoldCore Update: Macroeconomic and Geopolitical Risk Sees Increasing Risk Aversion

Gold

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12
Jan
2010

GoldCore Update: World Markets Wobble on Increased Interest Rate Risk and Alcoa

Gold
Gold rose 1% yesterday reaching 5-week highs and range traded between $1,151/oz and $1,158/oz overnight. It has dropped off slightly since but remains marginally higher in late morning trade in London. The poor jobs report last Friday has created investor uncertainty and has seen dollar weakness in the early part of the week leading to the firm gold price. Alcoa’s below consensus earnings have not soothed these jitters. Gold is currently trading at $1,152.00/oz and in euro and GBP terms, gold is trading at €796/oz and £716/oz respectively.

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11
Jan
2010

GoldCore Update: Gold Surges on Higher Oil and Lower Dollar

Gold
Gold surged on the open in Asia and has range traded between $1,152/oz and $1,159/oz overnight and it has moved upwards in late morning London trading. Gold is currently trading at $1,157.00/oz and in euro and GBP terms, gold is trading at €796/oz and £717/oz respectively. $1,200/oz gold looks like it could be challenged again this week.

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07
Jan
2010

GoldCore Update: Investor Caution on Mixed Data and Macro Risks

Gold
Gold and silver rallied another 2% yesterday and gold reached as high as $1,140/oz overnight and has dropped slightly to rang trade between $1,134/oz and $1,131/oz. Gold is currently trading at $1,132.00/oz and in euro and GBP terms, gold is trading at €789/oz and £711/oz respectively.

market snapshot 7 january 2010

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