Category: Gold

09
Apr
2015

Breaking Gold News and Commentary ( 9 April 2015)

IMPORTANT NEWS Gold Slips On Renewed Bets For U.S. Rate Hike In June – Reuters Gold Prices Decline As Fed Officials Split Over June Rate Gain – Bloomberg Gold Extends Losses After Fed Minutes – MarketWatcch Greece Will Make $485 Million Loan Payment To IMF On Thursday: Government Source – Reuters Armed Robbers Steal Gold […]

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19
Sep
2013

Gold Surges 4.3% As $1 Trillion QE Per Annum, Debasement Continues

Today’s AM fix was USD 1,363.50, EUR 1005.90 and GBP 848.15 per ounce.

Yesterday’s AM fix was USD 1,299.75, EUR 973.16  and GBP 813.97 per ounce.

Gold climbed $56.40 or 4.3% yesterday, closing at $1,366.30/oz. Silver rose $1.37 or 7% to $23.09/oz. Platinum was up 3% to $1,460/oz, while palladium rose 1.7% to $715.75/oz.

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26
Aug
2013

Gold Surges Over 90,000 Rupees Per Ounce As Rupee Falls 27% In Less Than 2 Months

Friday’s AM fix was USD 1,374.50, EUR 1,028.59 and GBP 880.30 per ounce.

Today is the Summer Bank Holiday in the UK.

Gold and silver surged higher Friday after trading sideways in consolidation mode Monday to Thursday. Gold rose 1.6% and silver surged 4% on Friday. 

For the week, gold rose $21.70 or 1.7% to $1,396.30/oz and silver rose $0.92 or 3.45% to $23.98/oz.

Platinum was 1% higher to $1,541/oz for the week, while palladium fell 1.6% to $750/oz.

 

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02
Aug
2013

LBMA Data: Beyond The Smoke And Mirrors

Today’s AM fix was USD 1,285.75, EUR 972.34 and GBP 847.84 per ounce. 

Yesterday’s AM fix was USD 1,323.75, EUR 999.20 and GBP 870.29 per ounce. 

Gold fell $12.50 or 0.94% yesterday and closed at $1,310.30/oz. Silver also followed suit and dropped $0.16 or 0.81% and closed at $19.66. 

Gold rose in early Asian trading, then fell back to lose some of its early gains on the back of better than expected economic data. U.S. manufacturers reported best figures since June 2011. Silver finished the day with a gain of 0.81%.

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01
Aug
2013

As The Crisis Deepens, Gold Flows East – Epilogue

Today’s AM fix was USD 1,323.75, EUR 999.20 and GBP 870.29 per ounce.  

Yesterday’s AM fix was USD 1,331.50, EUR 1,002.79 and GBP 875.35 per ounce.

Gold fell $3.50 or 0.26% yesterday and closed at $1,322.80/oz. Silver gained $0.10 or 0.51% and closed at $19.72. 

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29
Jul
2013

As The Crisis Deepens, Gold Flows East – Part 1 (of 3)

Today’s AM fix was USD 1,330.75, EUR 1001.24 and GBP 864.79 per ounce. 
Friday’s AM fix was USD 1,327.75, EUR 998.76 and GBP 861.73 per ounce.

Gold rose $1.50 or 0.11% on Friday and closed at $1,333.00/oz. Silver fell $0.17 or 0.84% and closed at $20.03. Gold and silver both gained last week 2.98% and 2.77% respectively. 

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20
Jul
2013

The London Bullion Market Association

The LBMA, or London Bullion Market Association, offers "over-the-counter" (OTC) wholesale trading of gold and silver bullion between members.

The LBMA operates the worlds largest OTC gold market, trading an average of $13.9 billion worth of bullion (equivalent to 18.3 million ounces, or 52,875 Good Delivery bars) each day. Because of its importance to the global bullion trade, the LBMA oversees spot dealing in gold and silver for most of the world.

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25
Jun
2012

Physical Gold (Via Mat, Perth Mint, Possession) and Paper Gold (Futures, Pool / Some Unallocated Accounts etc)

Our Market Update on Friday led to queries regarding the nature of "paper gold". 

The important difference between actual physical gold and paper gold is something we have addressed frequently since 2003.

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17
May
2012

Gold Demands Trend (Q1 2012) – Enter The Dragon

The World Gold Council has released the Q1 2012 Gold Demands Trend report.

Gold demand grew 16% over the past 12 months to 1,098 tonnes which had a value of just $59.7bn spent on gold in the entire world in Q1 2012.

While global demand was down 5% from the record high of Q4 2011, it was significantly higher than demand in Q1 2011 suggesting that demand may be consolidating at these higher levels.

Investment Demand

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22
Feb
2012

‘GOLD BULLION OR CASH VIDEO LAUNCHED TODAY’ – SHOWS WHY GOLD IS SAFER THAN CASH IN THE LONG TERM

Gold Bullion Or Cash’ has been launched today. It is an interesting and informative video made to educate people about gold bullion and why gold is safer than cash in the long term. 

‘Gold Bullion Or Cash’ is a well produced, high quality, educational short video about paper money and gold. 

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