Monthly Archives: April 2012

30
Apr
2012

Funds Cut Positions in Gold By 4% and Silver By 20% – Gold Positions at 3 Year Low

Gold’s London AM fix this morning was USD 1,662.50, EUR 1,256.61, and GBP 1,021.44 per ounce. Friday’s AM fix was USD 1,654.00, EUR 1,250.28 and GBP 1,019.60 per ounce.

Silver is trading at $31.24/oz, €23.73/oz and £19.29/oz. Platinum is trading at $1,577.75/oz, palladium at $680.30/oz and rhodium at $1,350/oz.

Gold rose $4.70 or 0.28% in New York on Friday and closed at $1,662.30/oz leading to a 1.24% gain for the week.

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27
Apr
2012

Gold “Buying Opportunity” – Gold Analysts More Bullish On Central Bank Demand

Gold’s London AM fix this morning was USD 1,654.00, EUR 1,250.28, and GBP 1,019.60 per ounce. Yesterday’s AM fix was USD 1,648.25, EUR 1,246.22 and GBP 1,017.88 per ounce.

Silver is trading at $30.16/oz, €23.65/oz and £19.29/oz. Platinum is trading at $1,576.25/oz, palladium at $658.75/oz and rhodium at $1,350/oz.

Gold rose $13.80.60 or 0.84% in New York yesterday and closed at $1,657.60/oz. Gold traded initially sideways in Asia then it dipped downward and recovered  in early European trading.

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26
Apr
2012

Gold “Bargain of Lifetime” As Gold Standard Inevitable, Possibly Within Year – $10,000/oz Looms

Gold’s London AM fix this morning was USD 1,648.25, EUR 1,246.22, and GBP 1,017.88 per ounce. Yesterday’s AM fix was USD 1,641.25, EUR 1,241.49 and GBP 1,019.54 per ounce.

Silver is trading at $30.85/oz, €23.45/oz and £19.14/oz. Platinum is trading at $1,563.00/oz, palladium at $658.75/oz and rhodium at $1,350/oz.

After moves down and then up, gold finished $2.60 or 0.16% higher in New York yesterday and closed at $1,643.80/oz. Gold fell some $10 as the FOMC meeting commenced prior to going positive. 

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25
Apr
2012

Goldman Sachs Gold ETF in India Sees 11 Fold Surge in Volume

Gold’s London AM fix this morning was USD 1,641.25, EUR 1,241.49, and GBP 1,019.54 per ounce. Yesterday’s AM fix was USD 1,638.75, EUR 1,244.68and GBP 1,014.83 per ounce.

Silver is trading at $30.94/oz, €23.41/oz and £19.21/oz. Platinum is trading at $1,551.00/oz, palladium at $669.30/oz and rhodium at $1,350/oz.

Gold rose $3.00 or 0.18% in New York yesterday and closed at $1,641.20/oz. Gold traded sideways in Asia and then ticked higher in European trading prior to seeing some weakness.

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24
Apr
2012

Russia and Mexico Both Buy Nearly $1 Billion Worth of Gold in March

Gold’s London AM fix this morning was USD 1,638.75, EUR 1,244.68, and GBP 1,014.83 per ounce. Yesterday’s AM fix was USD 1,632.00, EUR 1,240.97 and GBP 1,014.42 per ounce.

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23
Apr
2012

Gold Prices Hover, Trading Sluggish Ahead of Fed Meeting

Gold’s London AM fix this morning was USD 1,632.00, EUR 1,240.97, and GBP 1,014.42 per ounce. Friday’s AM fix was USD 1,640.00, EUR 1,246.30 and GBP 1,018.25 per ounce.

Silver is trading at $31.29/oz, €23.80/oz and £19.43/oz. Platinum is trading at $1,564.50/oz, palladium at $664/oz and rhodium at $1,350/oz.

Gold gained $1.20 or 0.07% in New York and closed at $1,642.00/oz on Friday. Gold initially traded sideways in Asia and then took a dip downward to $1,631.37. A slight bounce now shows gold near $1,632.69 in European trading. 

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20
Apr
2012

Silver Seen Over $40/oz in 2012 – Store of Value Remains Undervalued

Gold’s London AM fix this morning was USD 1,640.00, EUR 1,246.30, and GBP 1,018.25 per ounce. Yesterday’s AM fix was USD 1,642.00, EUR 1,249.91 and GBP 1,022.73 per ounce.

Silver is trading at $31.78/oz, €24.10/oz and £19.73/oz. Platinum is trading at $1,578.00/oz, palladium at $659.90/oz and rhodium at $1,350/oz.

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19
Apr
2012

Gold Still a Long Term Hedge and Less Volatile than Equities – WGC

Gold’s London AM fix this morning was USD 1,642.00, EUR 1,249.91, and GBP 1,022.73 per ounce. Friday’s AM fix was USD 1,646.50, EUR 1,258.41and GBP 1,030.80 per ounce.

Silver is trading at $31.57/oz, €24.06/oz and £19.69/oz. Platinum is trading at $1,582.50/oz, palladium at $657.20/oz and rhodium at $1,350/oz.

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18
Apr
2012

Central Banks Favour Gold as IMF Warns of “Collapse of Euro” and “Full Blown Panic in Financial Markets”

Gold’s London AM fix this morning was USD 1,646.50, EUR 1,258.41, and GBP 1,030.80 per ounce. Friday’s AM fix was USD 1,652.00, EUR 1,255.51 and GBP 1,035.54 per ounce.

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17
Apr
2012

US Editor of The Economist: “Paper Dollar” and “Paper Euro” Will “Debase” in a “Big Way”

Gold’s London AM fix this morning was USD 1,652.00, EUR 1,255.51, and GBP 1,035.54 per ounce. Friday’s AM fix was USD 1,648.25, EUR 1,266.03 and GBP 1,040.69 per ounce.

Silver is trading at $31.72/oz, €24.15/oz and £19.88/oz. Platinum is trading at $1,568.68/oz, palladium at $650.20/oz and rhodium at $1,350/oz.

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