Category: Market Update

17
Jul
2012

Marc Faber Says “Gold Is Oversold Near Term”

Today’s AM fix was USD 1,595.00, EUR 1,296.85, and GBP 1,020.47 per ounce.
Yesterday’s AM fix was USD 1,584.00, EUR 1,300.17 and GBP 1,020.68 per ounce.

Silver is trading at $27.36/oz, €22.38/oz and £17.59/oz. Platinum is trading at $1,423.00/oz, palladium at $580.40/oz and rhodium at $1,190/oz.

Gold rose $1.50 or 0.09% in New York yesterday and closed at $1,589.50/oz. Gold rose and fell in Asia and recovered for the open in European trading prior to further weakness (lows $1,590/oz & high $1,599/oz).

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06
Jul
2012

The Impact of Inflation and Deflation on Gold

Today’s AM fix was USD 1591.75, EUR 1285.54 and GBP 1024.29 per ounce.
Yesterday’s AM fix was USD 1617.00, EUR 1285.37 and GBP 1032.90 per ounce.

Gold fell by $18.40 in New York yesterday compared to Tuesday’s close prior to Independence Day, and ended with a small loss of 1.13% at $1,604.40/oz. Silver also dropped slightly, closing at $27.68/oz. Silver is currently trading at $27.48/oz.

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29
Jun
2012

Europeans Storing Gold in Switzerland On Concerns About Inflation and Systemic Risk

Today’s AM fix was USD 1,569.50, EUR 1,248.01, and GBP 1,006.09 per ounce.
Yesterday’s AM fix was USD 1,567.75, EUR 1,261.47, and GBP 1,008.98 per ounce.

Silver is trading at $27.26/oz, €21.25/oz and £17.54/oz. Platinum is trading at $1,420.25/oz, palladium at $576.20/oz and rhodium at $1,190/oz.

Gold fell $17.70 or 1.12% in New York yesterday and closed at $1,557.00/oz. Gold climbed over 1% overnight in Asia and maintained those gains in European trading.

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28
Jun
2012

Gold Bullion Coin – 1 Tonne Australian Kangaroo – Enters Guinness Book of Records

Today’s AM fix was USD 1,567.75, EUR 1,261.47, and GBP 1,008.98 per ounce.
Yesterday’s AM fix was USD 1,567.50, EUR 1,255.31, and GBP 1,003.39 per ounce.

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27
Jun
2012

Gold Bides Time As ‘Risk Free’ German Debt Downgraded On “Exposure to Eurozone”

Today’s AM fix was USD 1,567.50, EUR 1,255.31, and GBP 1,003.39 per ounce.
Yesterday’s AM fix was USD 1,583.25, EUR 1,267.41, and GBP 1,013.73 per ounce.

Silver is trading at $26.85/oz, €21.59/oz and £17.87/oz. Platinum is trading at $1,416.00/oz, palladium at $580.00/oz and rhodium at $1,190/oz.

Gold fell $11.90 or 0.9% and closed at $1,573.75/oz yesterday. Gold initially rose prior to gradual easing and that selling pressure increased soon after the open in Europe. Long term support is at $1,530/oz and resistance is at $1,640/oz.

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26
Jun
2012

Turkey, Russia, Ukraine and Kazakhstan Further Diversify Into Gold

Today’s AM fix was USD 1,583.25, EUR 1,267.41, and GBP 1,013.73 per ounce.
Yesterday’s AM fix was USD 1,569.00, EUR 1,256.41, and GBP 1,009.00 per ounce.

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22
Jun
2012

Central Bank Gold Manipulation “Steady As Ever” – Avoid “Paper Gold”

Today’s AM fix was USD 1,571.50, EUR 1,251.79, and GBP 1,005.70 per ounce.
Yesterday’s AM fix was USD 1,600.00, EUR 1,261.43, and GBP 1,017.17 per ounce.

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21
Jun
2012

Russia Buys 0.5 Million Ounces and Bank of Korea “Needs To Buy More” Gold

Today’s AM fix was USD 1,600.00, EUR 1,261.43, and GBP 1,017.17 per ounce.
Yesterday’s AM fix was USD 1,618.75, EUR 1,274.81, and GBP 1,029.41 per ounce.

Silver is trading at $28.03/oz, €22.17/oz and £17.91/oz. Platinum is trading at $1,466.00/oz, palladium at $618.60/oz and rhodium at $1,215/oz.

Gold fell $13.80 or 0.82% yesterday in New York and closed at $1,606.40/oz. Gold fell further in Asia and in early European trading prior to recovering back to the $1,600/oz level.

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20
Jun
2012

Gold To Repeat July/ August 2011 Gain Of Over 27 Per Cent?

Today’s AM fix was USD 1,618.75, EUR 1,274.81, and GBP 1,029.41 per ounce.
Yesterday’s AM fix was USD 1,628.50, EUR 1,291.74, and GBP 1,040.31 per ounce.

Silver is trading at $28.43/oz, €22.46/oz and £18.13/oz. Platinum is trading at $1,480.75/oz, palladium at $624.30/oz and rhodium at $1,215/oz.

Gold dropped $7.80 or 0.48% yesterday in New York and closed at $1,619.60/oz. Gold traded flat to slightly higher in Asia prior to dipping in European trade after the London Am Fix.

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19
Jun
2012

Gold More Than 50% Below Real Record High Of 32 Years Ago

Today’s AM fix was USD 1,628.50, EUR 1,291.74, and GBP 1,040.31 per ounce. Yesterday’s AM fix was USD 1,623.50, EUR 1,284.52, and GBP 1,035.20 per ounce.

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