Monthly Archives: July 2010

05
Jul
2010

Spectre of Double Dip Recession to Support Gold

Gold

Gold has had a quite start  to the week trading in a tight range between $1,210/oz and $1,215/oz so far in Asian and early European trading. With the US out for the Independence Day holiday it looks set to be a quite day although low volumes could result in volatility. A close below $1,200/oz could see gold fall to support at $1.185/oz and strong support at $1,165/oz.

Gold is currently trading at $1,210/oz and in euro, GBP, CHF, and JPY terms, at €966/oz, £800/oz, CHF 1,285/oz, JPY 106,249/oz respectively.

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02
Jul
2010

Gold Suffers Sharp Correction on Fund Liquidation and Proft Taking

Gold

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01
Jul
2010

2010 YTD Gold Up 13% in USD, 19% in GBP and 24% in EUR

Gold

Gold rose again yesterday in dollars and other currencies, especially sterling which fell against nearly all currencies (see chart below). Gold is currently trading at $1,244/oz and in Euro, GBP, CHF, and JPY terms, gold is trading at €1,008/oz, £830/oz, CHF 1,328/oz, JPY 109,574/oz respectively.

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