Category: Market Update

27
Sep
2012

South Africa Unrest To Affect Bullion Supply And Support Gold

Today’s AM fix was USD 1,755.25, EUR 1,365.32, and GBP 1,084.16 per ounce.
Yesterday’s AM fix was USD 1,763.75, EUR 1,369.80 and GBP 1,089.07 per ounce.

Silver is trading at $34.10/oz, €26.62/oz and £21.13/oz. Platinum is trading at $1,647.00/oz, palladium at $632.40/oz and rhodium at $1,075/oz.

Gold fell $10.10 or 0.57% in New York yesterday and closed at $1,751.30. Silver hit a low of $33.32, but it recovered and rallied back finishing with a gain of 0.56%.

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26
Sep
2012

China Buys North Korea Gold Reserves as South Korea Increased Gold Reserves By 30% (16 Tonnes); Paraguay Buys First Time

Today’s AM fix was USD 1,763.75, EUR 1,369.80, and GBP 1,089.07 per ounce.
Yesterday’s AM fix was USD 1,766.75, EUR 1,369.36 and GBP 1,088.37 per ounce.

Silver is trading at $33.79/oz, €26.41/oz and £20.99/oz. Platinum is trading at $1,630.00/oz, palladium at $627.10/oz and rhodium at $1,075/oz.

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25
Sep
2012

Risk Of October Correction In Gold and Silver As Seasonally Weak

Today’s AM fix was USD 1,766.75, EUR 1,369.36, GBP 1,088.37 per ounce.
Yesterday’s AM fix was USD 1,758.50, EUR 1,361.91 and GBP 1,084.96 per ounce.

Silver is trading at $34.23/oz, €26.58/oz and £21.18/oz. Platinum is trading at $1,633.75/oz, palladium at $643.00/oz and rhodium at $1,100/oz.

Gold fell $8.60 or 0.49% in New York yesterday and closed at $1,764.50. Silver slipped to a low of $33.594 then rebounded in New York, but it still finished with a loss of 1.62%.

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24
Sep
2012

“Do You Own Gold?” Ray Dalio at CFR: “Oh Yeah, I Do”

Today’s AM fix was USD 1,758.50, EUR 1,361.91, GBP 1,084.96 per ounce.
Friday’s AM fix was USD 1,773.75, EUR 1,361.28and GBP 1,089.19 per ounce.

Silver is trading at $33.87/oz, €26.31/oz and £20.98/oz. Platinum is trading at $1,614.00/oz, palladium at $641.80/oz and rhodium at $1,150/oz.

Gold climbed $4.70 or 0.27% in New York on Friday and closed at $1,773.10. Silver hit a high of $35.16 in New York on Friday, but it still finished with a loss of 0.29%. On the week, gold was up 0.08% while silver fell 0.3%.

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21
Sep
2012

“How High Can Gold Go?” “There Is No Telling” James Grant Tells CNBC

Today’s AM fix was USD 1,773.75, EUR 1,361.28, GBP 1,089.19 per ounce.
Yesterday’s AM fix was USD 1,760.00, EUR 1,360.33 and GBP 1,088.03 per ounce.

Silver is trading at $34.71/oz, €26.84/oz and £21.42/oz. Platinum is trading at $1,638.50/oz, palladium at $670.30/oz and rhodium at $1,250/oz.

Gold fell $2.10 or 0.12% in New York yesterday and closed at $1,768.40. Silver dropped to $34.084 in London, but rallied back higher later in the session and finished with a gain of 0.03%.

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20
Sep
2012

‘Golden Cross’ For Gold and Silver Signals Further Gains

Today’s AM fix was USD 1,760.00, EUR 1,360.33 and GBP 1,088.03 per ounce.
Yesterday’s AM fix was USD 1,774.50, EUR 1,361.44 and GBP 1,092.54 per ounce.

Silver is trading at $34.31/oz, €26.61/oz and £21.28/oz. Platinum is trading at $1,619.50/oz, palladium at $663.50/oz and rhodium at $1,225/oz.

Gold fell $0.10 or 0.01% in New York yesterday and closed at $1,770.50. Silver hit $34.958 in Asia and fell to $34.27 in early New York trade and it then bounced back higher, but finished with a loss of 0.49%.

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19
Sep
2012

ECB Debasement Is Akin To Work Of Devil – Risk Of “Rapid Currency Depreciation”

Today’s AM fix was USD 1,774.50, EUR 1,361.44 and GBP 1,092.54 per ounce.
Yesterday’s AM fix was USD 1,756.75, EUR 1,344.31 and GBP 1,081.81 per ounce.

Silver is trading at $34.66/oz, €26.76/oz and £21.48/oz. Platinum is trading at $1,632.00/oz, palladium at $666.70/oz and rhodium at $1,300/oz.

Gold climbed $13.00 or 0.74% in New York yesterday and closed at $1,770.60. Silver surged to $35.015 before it also dropped off, but it finished with a gain of 2.23%.

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18
Sep
2012

QE Lessons: Fiat Grows On Trees – Gold Does Not

Today’s AM fix was USD 1,756.75, EUR 1,344.31 and GBP 1,081.81 per ounce.
Yesterday’s AM fix was USD 1,767.25, EUR 1,349.36 and GBP 1,089.42 per ounce.

Silver is trading at $34.16/oz, €26.24/oz and £21.10/oz. Platinum is trading at $1,662.00/oz, palladium at $673.60/oz and rhodium at $1,350/oz.

Gold fell $14.00 or 0.79% in New York yesterday and closed at $1,757.60. Silver dropped to as low as $33.806 before it rebounded back higher, and finished trading with a loss of 1.76%. 

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17
Sep
2012

Faber: Own Gold – “Don’t Store It In The U.S., The Fed Will Take It Away From You One Day”

Today’s AM fix was USD 1,767.25, EUR 1,349.36 and GBP 1,089.42 per ounce.
Friday’s AM fix was USD 1,772.50, EUR 1,359.70 and GBP 1,093.53 per ounce.

Silver is trading at $34.52/oz, €26.44/oz and £21.36/oz. Platinum is trading at $1,699.00/oz, palladium at $685.50/oz and rhodium at $1,050/oz.

Gold rose $5.30 or 0.3% in New York and closed at $1,771.60. Silver climbed to $34.91 then dropped before bouncing back higher, and finished with a loss of 0.06%. Gold was up 2.02% for the week and silver another 3% for the week.

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14
Sep
2012

Fed ‘Currency Debasement 3’ (QE3) Sees Gold and Silver Surge 2% and 4.3%

Today’s AM fix was USD 1,772.50, EUR 1,359.70 and GBP 1,093.53 per ounce.
Yesterday’s AM fix was USD 1,730.50, EUR 1,339.81 and GBP 1,073.64 per ounce.

Silver is trading at $34.64/oz, €26.53/oz and £21.43/oz. Platinum is trading at $1,700.20/oz, palladium at $695.75/oz and rhodium at $1,050/oz.

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