Monthly Archives: February 2010

23
Feb
2010

Market Update – Gold steady, awaits new trend direction

GOLD

Gold dipped to $1,109.80/oz in US trading before recovering to $1,114..00/oz. It jumped to $1,121.00/oz in Asian trading earlier this morning before falling slightly. Gold is currently trading at $1,115.00/oz and in Euro and GBP terms, gold is trading at €817/oz and £722/oz respectively. As Euro weakness continues Gold/Euro remains well supported.

 

 

£722 proving resistance for Gold/GBP.

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19
Feb
2010

Gold Sanguine as Federal Reserve Raises Discount Rate

GOLD

Gold went on a strong run which peaked at $1,123.84/oz in US trading before dropping sharply back to $1,100/oz. It began Asian trading $1,105.00/oz before dipping to $1,101.00/oz. It has recovered since and Gold is currently trading at $1,108.00/oz and in Euro and GBP terms, gold is trading at €820/oz and £720/oz respectively.

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18
Feb
2010

GoldCore Update – Gold steady near record high in Euro

GOLD

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17
Feb
2010

GoldCore Update – Gold Strength Due to Risk of International Monetary Crisis

GOLD
Gold rose another 3% in US trading yesterday to finish the day at $1,119.35/oz. It has since moved upwards to as high as $1,123.50/oz Asian trading so far this morning. Gold is currently trading at $1,118.00/oz and in Euro and GBP terms, gold is trading at €815/oz and £711/oz respectively.

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16
Feb
2010

GoldCore Update 16/02/2010

Gold
Gold built on last week’s gains and rose nearly 1% yesterday, closing at $1,099.50/oz and gold also rose in other major currencies. Gold has risen in Asian trading and again in early European trade and is currently trading at $1,113.20/oz and in euro and GBP terms €816/oz and £710/oz respectively. As expected the crisis in the Eurozone has seen gold surge in Euro terms to new record (nominal) highs over €817/oz – thus surpassing the previous record high seen in December 2009 at €813/oz.

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12
Feb
2010

GoldCore Update: Technical Analysis – EUR/Gold Breaks Above €800/oz

Gold
Gold was up 1.58% yesterday, closing at $1093.90/oz after having achieved a new session high of $1094.80/oz. It was flat in Asian trading but has given up some of yesterday’s gains in European trading. Gold is currently trading at $1,080.80/oz and in euro and GBP terms €796.19/oz and £691.09/oz respectively.

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11
Feb
2010

GoldCore Update: Global Investment Guru Sees Gold as “Great Buying Opportunity”

Gold
Gold rallied as high as $1,083/oz early yesterday in US trading before dropping by $19 but it soon recovered to finish the day down marginally at $1,075.30/oz. It moved upwards to as high as $1,080/oz in Asian trading this morning and has held those gains in morning traded in Europe. Gold is currently trading at $1,078.00/oz and in euro and GBP terms, at €785/oz and £693/oz respectively. The fiscal challenges facing the UK and eurozone economies are seeing gold challenge resistances at £700/oz and €800/oz.

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10
Feb
2010

Confluence of Technical Factors Suggest Support Between $1,019/oz and $1,025/oz – Technical Analysis & Bloomberg Chart

Gold
Gold rose nearly 1% to close at $1,076.50/oz in US trading. It then range traded between $1,074/oz and $1,080/oz in Asian trading this morning. Gold is currently trading at $1,080.00/oz and in euro and GBP terms, gold is trading at €783/oz and £686/oz respectively.

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09
Feb
2010

GoldCore Update: Poor German and UK Data Underlines Sterling and Euro Risk

Gold
Gold rose some 1% in US trading yesterday to close at $1,065.30/oz. It then rallied to over $1,073/oz Asian trading before giving up some of those gains in European trading this morning. Gold is currently trading at $1,066.00/oz and in euro and GBP terms, gold is trading at €779/oz and £685/oz respectively.

The Dow’s close below 10,000 yesterday will make market participants nervous especially from a technical perspective. However, world stock markets have not reacted overly negatively and are mixed this morning.

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08
Feb
2010

GoldCore Update: Gold Technically Damaged But Fundamentals Remain Sound

Gold

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