Category: Market Update

04
Oct
2013

Emperors With No Clothes – From Nero To Nixon To Obama

Today’s AM fix was USD 1,316.00, EUR 967.01 and GBP 817.04 per ounce.
Yesterday’s AM fix was USD 1,309.00, EUR 961.58 and GBP 806.63 per ounce.

Gold inched up $1.40 or 0.11% yesterday, closing at $1,317.40/oz. Silver remained unchanged closing at $21.70. Platinum climbed $10.10 or .74% to $1,372.40/oz, while palladium climbed $3.47 or 0.5% to $700.47/oz.

Gold traded up marginally in London as investors digested the U.S. government shutdown and the debt ceiling deadline.

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03
Oct
2013

Gold Up 2.4% On Government Shutdown and U.S. Default Risk On October 17

Today’s AM fix was USD 1,309.00, EUR 961.58 and GBP 806.63 per ounce.
Yesterday’s AM fix was USD 1,293.75, EUR 955.93 and GBP 797.92 per ounce.

Gold climbed $26.10 or 2.02% yesterday, closing at $1,316/oz. Silver rose $0.52 or 2.46%, closing at $21.70. Platinum inched up $13.65 or 1% to $1,388.25/oz, while palladium climbed $2.38 or 0.3% to $717.38/oz.

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02
Oct
2013

LBMA Consensus: Outlook for Gold Positive Despite Short Term Nervousness

Today’s AM fix was USD 1,293.75, EUR 955.93 and GBP 797.92 per ounce.
Yesterday’s AM fix was USD 1,332.25, EUR 983.14 and GBP 819.85 per ounce

Gold fell $37.90 or 2.85% yesterday, closing at $1,289.90/oz. Silver slid $0.49 or 2.26%, closing at $21.18. Platinum fell $19.40 or 1.4% to $1,379.40/oz, while palladium dropped $5.03 or 0.7% to $716.47/oz.

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01
Oct
2013

Central Banks Favour Gold As Diversification – LBMA

Today’s AM fix was USD 1,332.25, EUR 983.14 and GBP 819.85 per ounce.
Yesterday’s AM fix was USD 1,335.75, EUR 989.59 and GBP 827.30 per ounce

Gold fell $8.20 or 0.93% yesterday, closing at $1,327.80/oz. Silver dropped $0.05 or 0.23%, closing at $21.72. Platinum fell $12.04 or 0.9% to $1,401.06/oz, while palladium slipped $6.25 or 0.9% to $721.75/oz.

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30
Sep
2013

Strong Silver Coin and Bar Demand From India and U.S.

Today’s AM fix was USD 1,335.75, EUR 989.59 and GBP 827.30 per ounce.
Friday’s AM fix was USD 1,321.50, EUR 978.45 and GBP 822.03 per ounce.

Gold climbed$12.30 or 0.93% Friday, closing at $1,336/oz. Silver rose $0.02 or 0.05%, closing at $21.72. Gold rose 0.81% while silver slid 0.09% for the week.

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27
Sep
2013

Gold Analysts Bullish Due To Money Creation On Scale Never Seen In History

Today’s AM fix was USD 1,321.50, EUR 978.45 and GBP 822.03 per ounce.
Yesterday’s AM fix was USD 1,332.50, EUR 987.92 and GBP 830.22 per ounce

Gold slid $9.40 or 0.7% yesterday, closing at $1,323.70/oz. Silver fell $0.06 or 0.28%, closing at $21.70. Platinum dropped $21.70 or 1.5% to $1,404.50/oz, while palladium slipped $1.75 or 0.2% to $718.75/oz. 

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26
Sep
2013

U.S. 5 Year Silver Market Investigation Ends – No LIBOR Style Manipulation

Today’s AM fix was USD 1,332.50, EUR 987.92 and GBP 830.22 per ounce.
Yesterday’s AM fix was USD 1,320.25, EUR 977.67 and GBP 825.36 per ounce

Gold rose $10.60 or 0.8% yesterday, closing at $1,333.10/oz. Silver gained $0.11 or 0.51%, closing at $21.76. Platinum rose $4.19 or 0.3% to $1,422.49/oz, while palladium climbed $3.22 or 0.4% to $720.22/oz. 

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25
Sep
2013

Fed Concerned About Suspicious Gold Trading After FOMC Meeting

Today’s AM fix was USD 1,320.25, EUR 977.67 and GBP 825.36 per ounce.
Yesterday’s AM fix was USD 1,316.50, EUR 976.05 and GBP 823.43 per ounce

Gold rose $1.40 or 0.11% yesterday, closing at $1,322.50/oz. Silver climbed $0.09 or 0.42%, closing at $21.65. At 3:13 EDT, Platinum inched up $7.89 or 0.6% to $1,423.49/oz, while palladium rose $6.75 or 0.9% to $718.75/oz. 

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24
Sep
2013

Singapore Continues Push To Become Asian and Global Gold Hub

Today’s AM fix was USD 1,316.50, EUR 976.05 and GBP 823.43 per ounce.
Yesterday’s AM fix was USD 1,321.75, EUR 978.71 and GBP 824.34 per ounce

Gold fell $4.20 or 0.32% yesterday, closing at $1,321.10/oz. Silver dropped $0.18 or 0.37%, closing at $21.56. At 3:22 EDT, Platinum slipped $9.66 or 0.7% to $1,417.74/oz, while palladium fell $3.23 or 0.5 to $710.97/oz. 

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23
Sep
2013

$17 Trillion U.S. National Debt? Try $211 Trillion

Today’s AM fix was USD 1,321.75, EUR 978.71 and GBP 824.34 per ounce.
Friday’s AM fix was USD 1,355.25, EUR 1,002.18 and GBP 845.39 per ounce

Gold dropped $39.30 or 2.92% Friday, closing at $1,325.30/oz. Silver slid $1.27 or 5.84%, closing at $21.74. At 3:32 EDT Friday, Platinum fell $31.30 or 2.1% to $1,427.50/oz, while palladium slipped $18.53 or 2.5% to $713.97 /oz. Gold was up 0.16% and silver was down 2.03% on the week.

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