Category: Market Updates

30
Apr
2008

Gold Investments Market Update

Gold
Gold was down $18.20 to $874.70 per ounce in trading in New York yesterday and silver was down 45 cents to $16.57 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $867.75 £440.77 and €557.72 (from $886.00, £447.50 and €569.23).

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29
Apr
2008

Gold Investments Market Update

Gold
Gold was up $5.70 to $892.90 per ounce in trading in New York yesterday and silver was up 17 cents to $17.02 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $886.00, £447.50 and €569.23 (from $892.25, £449.04 and €569.36).

Gold is again under pressure in early trading this morning with the dollar continuing to strengthen (to 1.556 to the euro) and oil continuing to sell off (below $118 per barrel) but caution remains the predominant theme ahead of the Federal Reserve’s interest rate decision (more below).

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25
Apr
2008

Gold Investments Market Update

Gold
Gold was down $19.40 to $886.80 per ounce in trading in New York yesterday and silver was down 50 cents to $16.66 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $883.50, £446.51 and €566.38 (from $900.75 £455.85 and €572.09 yesterday).

Gold again fell below short term support at $900 and we are now retesting support at the early April lows of $870. We expect strong support at these levels but there is a possibility that should gold close below $880 we could retest previous resistance at the 1980 nominal high of $850 per ounce. It is important to remember that even after gold’s recent sharp selloff it remains up for the year to date and up strongly for the last 52 weeks unlike major equity indices (as seen in the table).

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24
Apr
2008

Gold Investments Market Update

Gold
Gold broke down from its range bound channel yesterday and quickly fell to support at $895-$900 as anticipated. Should gold fall below $900 we could again retest the support of the early April lows of $880. We expect strong support at these levels but there is a possibility that should gold close below $880 we could retest previous resistance at the 1980 nominal high of $850 per ounce.

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23
Apr
2008

Gold Investments Market Update

Gold
Gold remains in lockdown and is range bound in a narrow channel between $910 and $926. A close above or below this channel will likely see gold test support at $880 or challenge resistance at $950 (see Technical Analysis below).

Gold was up $7.40 to $922.10 per ounce in trading in New York yesterday and silver was up 27 cents to $17.61 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $916.25, £459.50 and €573.95 (from $920.75, £464.21 and €576.98 yesterday).

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22
Apr
2008

Gold Investments Market Update

Gold
Gold is up to $920 per ounce in London this morning. Gold was up $2.50 to $914.70 per ounce in trading in New York yesterday and silver was down 46 cents to $17.34 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $920.75, £464.21 and €576.98 (from $915.75, £461.64 and €577.40 yesterday).

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17
Apr
2008

Gold Investments Market Update

Gold
Gold is up in Asian trading and London trading this morning. Gold was up $17.80 to $945.10 per ounce in trading in New York yesterday and silver was up 54 cents to $18.31 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $951.50, £481.04 and €595.88 (from $932.75, £472.40 and £586.27 yesterday).

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16
Apr
2008

Gold Investments Market Update

Gold
Gold is up in London this morning. Gold was up $2.60 to $927.80 per ounce in trading in New York yesterday and silver was up 2 cents to $17.79 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $932.75, £472.40 and £586.27 (from $931.75, £473.55 and €588.30 yesterday).

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15
Apr
2008

Gold Investments Market Update

Gold
Gold is up in London and is up in early trading in New York this morning. Gold was up $1.80 to $925.40 per ounce in trading in New York yesterday and silver was up 10 cents to $17.77 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $931.75, £473.55 and €588.30 (from $917.75, £464.80 and €580.854 yesterday).

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10
Apr
2008

Gold Investments Market Update

Gold
Gold is up in early trading in London this morning. Gold was up $30 to $934 per ounce in trading in New York yesterday and silver was up 50 cents to $18.18 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $934.25, £471.08 and €587.95 (from $906.75, £460.40 and €576.56 yesterday).

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