Category: Market Update

30
Jul
2013

As The Crisis Deepens, Gold Flows East – Part 2 (of 3)

Today’s AM fix was USD 1,322.25, EUR 996.65 and GBP 864.05 per ounce.  
Yesterday’s AM fix was USD 1,330.75, EUR 1001.24 and GBP 864.79 per ounce.

Gold fell $3.60 or 0.27% yesterday and closed at $1,329.40/oz. Silver fell $0.19 or 0.45% and closed at $19.84. 

Gold is remaining steady ahead of the key U.S. Fed policy meeting later today.  Mixed economic data from the U.S. has left no clues as to when the Fed will taper its stimulus program. Gold bullion prices reached a five week high of $1,347.69/oz last week. 

Continue Reading
26
Jul
2013

Central Banks ‘Vote For Gold’ Due To Sovereign And Currency Concerns

Today’s AM fix was USD 1,327.75, EUR 998.76 and GBP 861.73 per ounce. 
Yesterday’s AM fix was USD 1,312.00, EUR 994.92 and GBP 857.63 per ounce.

Gold climbed $11.60 or 0.88% yesterday and closed at $1,331.50/oz.

Silver rose $0.04 or 0.2% and closed at $20.20.

Gold is 8.4% higher in July and set for the best month since January 2012 as lower prices lead to increased demand.

Continue Reading
25
Jul
2013

China’s Yuan Set To Become Global Reserve Currency With Gold Backing?

Today’s AM fix was USD 1,312.00, EUR 994.92 and GBP 857.63 per ounce. 
Yesterday’s AM fix was USD 1,340.00, EUR 1,012.31 and GBP 872.40 per ounce.

Gold fell $22.50 or 1.68% yesterday and closed at $1,319.90/oz.

Silver slid $0.30 or 1.47% and closed at $20.16.

Gold is trading down after falling nearly 2% yesterday after challenging resistance at $1,350/oz. 

Continue Reading
24
Jul
2013

Gold Scrap Supply to Drop Up to 25% as Sales Decline Due To Lower Prices

Today’s AM fix was USD 1,340.00, EUR 1,012.31 and GBP 872.40 per ounce. 
Yesterday’s AM fix was USD 1,326.75, EUR 1,007.10 and GBP 864.84 per ounce.

Gold rose $8.70 or 0.65% yesterday and closed at $1,342.40/oz. Silver remained unchanged at $20.46.

Continue Reading
23
Jul
2013

Gold Surges 3% – COMEX Default May Lead To Over $3,500/oz

Today’s AM fix was USD 1,326.75, EUR 1,007.10 and GBP 864.84 per ounce. 
Yesterday’s AM fix was USD 1,313.75, EUR 998.21 and GBP 859.22 per ounce.

Gold climbed $39.30 or 3.04% yesterday and closed at $1,333.70/oz. 

Silver surged $0.97 or 4.98% and closed at $20.46.

Continue Reading
22
Jul
2013

South Korea Opening Gold Exchange In Q1, 2014

Today’s AM fix was USD 1,313.75, EUR 998.21 and GBP 859.22 per ounce.
Friday’s AM fix was USD 1,286.00, EUR 981.53 and GBP 843.45 per ounce.

Gold rose $10.70 or 0.83% on Friday and closed at $1,294.40/oz. Silver climbed $0.11 or 0.57% and closed at $19.49.

Continue Reading
19
Jul
2013

Market Week – Bernanke On Gold – Reuters Precious Metals Poll

At a Glance – Market Update Contents 

Market Week – Precious metals have been mixed this week with gold marginally higher up 0.65%, silver 2.4% lower and the PGM metals higher with platinum 1% higher andpalladium 3.3% higher.

Bernanke on Gold – In testimony before the Senate Banking Committee, Federal Reserve Chairman Bernanke remarked: “People hold gold as disaster insurance.”

Continue Reading
18
Jul
2013

India Gold Imports To Rise 5% To Over 900 Tonnes In 2013


Today’s AM fix was USD 1,279.75, EUR 975.79 and GBP 842.00 per ounce.
Yesterday’s AM fix was USD 1,284.25, EUR 977.29 and GBP 845.68 per ounce.

Gold fell $16.70 or 1.29% yesterday and closed at $1,275.70/oz. Silver dropped $0.70 or 3.5% and closed at $19.32. 

Continue Reading
17
Jul
2013

Cyprus Resists International Pressure To Sell Gold Reserves

Today’s AM fix was USD 1,284.25, EUR 977.29 and GBP 845.68 per ounce.
Yesterday’s AM fix was USD 1,286.00, EUR 983.03 and GBP 853.24 per ounce.

Gold rose $7.40 or 0.58% yesterday and closed at $1,292.40/oz. Silver gained $0.06 or 0.3% and closed at $20.02. 

Continue Reading
16
Jul
2013

Premiums High In China and India – China Gold Deliveries Double

Today’s AM fix was USD 1,286.00, EUR 983.03 and GBP 853.24 per ounce.
Yesterday’s AM fix was USD 1,281.25, EUR 983.08 and GBP 850.65 per ounce.

Gold rose $0.50 or 0.04% yesterday and closed at $1,285.00/oz. Silver gained $0.07 or 0.35% and closed at $19.96. 

Continue Reading