Category: Market Updates

09
Apr
2008

Gold Investments Market Update

Gold
Gold is down some 1% in early trading in London this morning. Gold was down $11.10 to $914.00 per ounce in trading in New York yesterday and silver was down 41 cents to $17.68 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $906.75, £460.40 and €576.56 (from $921.00, £465.95, €584.65 yesterday).

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08
Apr
2008

Gold Investments Market Update

Gold
Gold is down slightly in early trading in London this morning. Gold was up $13.80 to $923.10 per ounce in trading in New York Friday and silver was up 38 cents to $18.09 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $921.00, £465.95 €584.65 (from $914.70, £460.27 and €582.17 yesterday.

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02
Apr
2008

Gold Investments Market Update

Gold
Gold is up in Asian and early trading in London this morning. Gold was down a further $33.30 to $882.90 per ounce in trading in New York yesterday while silver was down 31 cents to $16.85 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $893.50, £450.47 €571.04 (from $897.00, £453.90 and €572.32 yesterday).

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01
Apr
2008

Gold Investments Market Update

Gold
Gold is down in Asian and early trading in London this morning. Gold was down $14.40 to $916.20 per ounce in trading in New York yesterday while silver was down 62 cents to $17.16 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $897.00, £453.90 and €572.32 (from $937.25, £472.17 €592.82 yesterday).

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31
Mar
2008

Gold Investments Market Update

Gold
Gold has traded up in Asian and early trading in London this morning. Gold was down $18.20 to $930.60 per ounce in trading in New York on Friday while silver was down 61 cents to $17.78 per ounce (more on silver below). The London AM Gold Fix at 1030 GMT this morning was at $937.25, £472.17 €592.82 (from $944.50, £471.05 €598.28 on Friday).

Gold’s volatility continued last week but despite the sell off in mid March, it closed the week up some 1.5% (silver was up 4.1% ).

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28
Mar
2008

Gold Investments Market Update

Gold
Gold has traded sideways to slightly down in Asian and early trading in London this morning. Gold was down 30 cents to $948.80 per ounce in trading in New York yesterday while silver was up 17 cents to $18.49 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $944.50, £473.05 €598.28 (from $948.25, £470.60 and €600.31 yesterday). Thus, while gold was slightly down in euro and dollars it was stronger in pounds with the pound weakening on the deteriorating UK outlook (more below).

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27
Mar
2008

Gold Investments Market Update

Gold
Gold rose in Asian trading and after an initial sell off in early trading in London this morning, it has again rallied to over $949.00. Gold was up $14.30 to $949.10 per ounce in trading in New York yesterday while silver was up 62 cents to $18.32 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $948.25, £470.60 and €600.31 (from $945.75 £473.68 and €602.01 yesterday).

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26
Mar
2008

Gold Investments Market Update

Gold
Gold was up $16.50 to $934.80 per ounce in trading in New York yesterday while silver was up 70 cents to $17.70 per ounce (see more on silver shortages below). Gold has rallied in Asian trading and again in trading in London this morning. The London AM Gold Fix at 1030 GMT was at $945.75 £473.68 and €602.01 (from $930.65, £467.24 and €598.57 yesterday).

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25
Mar
2008

Gold Investments Market Update

Gold
Gold was down $2.30 to $918.30 per ounce in trading in New York yesterday while silver was up 12 cents to $17.07 per ounce. Gold has rallied in Asian trading and again in trading in London this morning. The London AM Gold Fix at 1030 GMT this morning was at $930.65, £467.24 and €598.57 (from $913.50, £461.60 and €591.15 last Thursday).

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19
Mar
2008

Gold Investments Market Update

Gold
Gold was up $2.20 to $1003 per ounce in trading in New York yesterday while silver was down 30 cents to $19.89 per ounce. In illiquid electronic trading after the Federal Reserve cut interest rates by 75 basis points, very counterintuitively gold fell in value by nearly 2%. With gold already up by more than 19% so far this year (some 10 weeks), consolidation is healthy and to be expected.

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