Category: Market Updates

25
Jul
2011

Gold Surges in Asian Trading to Record Nominal High on Washington Theatre and Dollar Debasement

Gold is trading at $1,617.75/oz, €1,126.49/oz and £993.46/oz. 

Gold surged 1.4% ($23) from $1,600.90/oz to a new record nominal of $1,624.07/oz within an hour of the open in Asia. Gold reached new highs due to continuing uncertainty and theatre regarding the debt ceiling negotiations in Washington. Gold is higher in all currencies except the Swiss franc as the Swiss currency is also continuing to see flows.

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22
Jul
2011

EU Debt Restructuring Leads to Bailout Euphoria / Silver to Double to $100 Says Citigroup

Bailout euphoria has returned to markets with Asian and European stock indices rising on renewed risk appetite. 

Gold has recovered from yesterday’s slight sell off (0.6% in USD) and the firm gold price in all currencies suggests that market euphoria is again misplaced. Gold is down only 20 euros per ounce in the last 24 hours. Gold is trading at USD 1,596.10, EUR 1,108.1, GBP 978.50 and CHF 1,310.10 per ounce.

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21
Jul
2011

Gold “Fever” in Asia and Central Bank Demand Could Cause an “Earthquake” in the Gold Market

Gold is trading at $1,599.41/oz, €1,127.77/oz and £989.06/oz. 

Gold is mixed against various currencies today but is higher in euros after the euro has fallen on concerns that European leaders gathering for the summit in Brussels may not be able to resolve the Eurozone’s debt crisis and prevent contagion in the financial system.

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20
Jul
2011

Gold to Rise on $14.3 Trillion U.S. Debt Limit Increase– Bloomberg Chart of the Day

Gold is trading at $1,587.56/oz, €1,115.72/oz and £983.31/oz. 

Gold is flat in U.S. dollars and New Zealand dollars but marginally lower in most currencies today as increased risk appetite has seen risk assets rally despite poor fundamentals. Most Asian indices were higher, except the Chinese and Indian markets, and European indices have also risen. 

Gold is trading at USD 1,587.00, EUR 1,116.1, GBP 983.50 and CHF 1,302.10 per ounce.

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19
Jul
2011

Gold to Correct after Front Page Financial Times Article? Gold in 2011 vs the 1970s and 1979

Gold is trading at $1,604.10/oz, €1,132.20/oz and £995.66/oz. 

Gold has fallen in most currencies today and is trading at USD 1,603, EUR 1,130, GBP 995 and CHF 1,315 per ounce. Gold is 0.3% higher in Swiss francs again today after the last two weeks of deepening turmoil saw gold rise in the Swiss franc.


Cross Currency Rates

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18
Jul
2011

Gold Over $1600 and Silver Over $40.30 on Risk of Systemic Collapse and Fiat Currency Crisis

Gold is trading at $1,600.84/oz, €1,141.34/oz and £996.35/oz. 

Gold rose to new record nominal highs in debt laden U.S. dollars, euros and pounds today due to the growing risk of a systemic financial collapse and fiat currency crisis. 

Gold rose 0.5% in U.S. dollar terms to a new nominal record high at $1,602.05 per ounce. Euro falls saw the dollar rise 0.8% against the euro and gold rise 1.4% in euro terms to EUR 1,041 per ounce.

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15
Jul
2011

Gold and Silver Likely to Go Parabolic Due to ‘Global Shockwaves’ if U.S. Defaults

Gold is trading at $1,580.40/oz, €1,117.36/oz, £980.76/oz.

Gold is some 0.5% lower against the U.S. dollar and most currencies today but higher in Australian dollars as the Aussie fell on Australian and global economic growth concerns. Asian equity indices were mixed as are European indices.


Cross Currency Table

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14
Jul
2011

Gold Targets $1600 Per Ounce – New Nominal Record, Silver Surges 9% in 24 Hours as Dollar Falls

Gold is trading at $1,592.14/oz, €1,122.17/oz and £987.62/oz. 

Gold has risen to new record nominal highs at $1,594.45 per ounce and silver has surged another 3% to over $39 per ounce after yesterday’s 6% rise. Today’s London AM Fix gold fix was $1,592.50 £987.54 and €1,119.04 – all of which are new record nominal highs.

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13
Jul
2011

New Record Nominal Gold Highs in USD, GBP & EUR on Moody’s Ireland Downgrade, FOMC Hint of QE3 & Increasing Risk of Economic…

Gold is trading at $1,572.35/oz, €1,116.17/oz and £985.49/oz. 

Gold for immediate delivery rose to new record nominal highs of 987.58 British pounds and 1575.18 U.S. dollars in London this morning. New record nominal highs were seen for gold in euros (1,123.50 euros per ounce), pounds and dollars yesterday. 

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12
Jul
2011

Oxford Economics: Academic Proof that Gold is an Important Diversification Against Inflation & Deflation – Gold New Record …

Gold is trading at $1,543.94/oz, €1,108.99/oz and £976.81/oz. 

Equities internationally and bonds in Greece, Ireland, Spain and Italy have fallen this morning while gold rose to new record nominal highs in euros and pounds (over EUR1,118/oz GBP980/oz respectively). The Italian 10 year rose above 6% for the first time and the Spanish 10 year yield rose to 6.12%. US stock futures are pointing to losses on the U.S. opening.

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