Category: Precious Metals Update

28
Feb
2012

Chatham House: Gold Standard Impractical But Gold Hedge Against Declining Values of Key Fiat Currencies

Gold’s London AM fix this morning was USD 1,774.75, EUR 1,321.48, and GBP 1,120.42 per ounce.

Yesterday’s AM fix was USD 1,765.00, EUR 1,316.18, and GBP 1,113.28 per ounce.


Cross Currency Table – (Bloomberg)

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27
Feb
2012

Riksbank Denies IMF Data Showing Sweden Gold Reserves Up Sharp 18.3 Tons in January

Gold’s London AM fix this morning was USD 1,765.00, EUR 1,316.18, and GBP 1,113.28 per ounce.

Friday’s AM fix was USD 1,778.50, EUR 1,328.23, and GBP 1,125.412 per ounce.


Currency Table – (Bloomberg)

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24
Feb
2012

‘Gold Bullion or Cash’ Shows Buffett, Roubini, Krugman Mistaken; Faber, Rogers, Bass, Einhorn, Gross Correct

Gold’s London AM fix this morning was 1,778.50 USD, 1,328.230 EUR, and 1,125.419 GBP per ounce.

Yesterday’s AM fix was USD 1,754.75, EUR 1,325.04, and GBP 1,116.32 per ounce. 

Spot gold hit a 3 month high of $1,787.55/oz yesterday rising gradually for the fourth day in a row. Gold closes in New York at $1,778/oz and has consolidated in Asia and early European trading.

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23
Feb
2012

Greece’s Lenders Have The Right To Seize National Gold Reserves

Gold’s London AM fix this morning was USD 1,776.50, EUR 1,334.41, and GBP 1,130.45 per ounce.

Yesterday’s AM fix was USD 1,754.75, EUR 1,325.04, and GBP 1,116.32 per ounce. 

Spot gold hit a 3 month high of $1,781.40/oz yesterday rising for the third day in a row.  Gold has consolidated on those gains in Asia and Europe.

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21
Feb
2012

Greece Debt Deal: “Kicking Giant Beer Keg Down Road Risks Destroying The Road”

Gold’s London AM fix this morning was USD 1,737.00, EUR 1,313.12, and GBP 1,097.98 per ounce.

Yesterday’s AM fix was USD 1,729.50, EUR 1,307.36, and GBP 1,090.82 per ounce. 

Gold rose to its highest in a week today after euro zone policymakers sealed an agreement for a second debt deal with Greece. Gold remained flat at $1,736/oz in Asian trading after the deal was reached but then saw some buying which saw gold quickly rise to $1,740/oz and then creep up to over $1,743/oz. 

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20
Feb
2012

Oil and Gold Surge 1% on Open in Asia – Iran “Military Action Likely”

Gold’s London AM fix this morning was USD 1,729.50, EUR 1,307.36, and GBP 1,090.82 per ounce.

Friday’s AM fix was USD 1,732, EUR 1,316.51, and GBP 1,093.09 per ounce.


Cross Currency Table – (Bloomberg)

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17
Feb
2012

Gold Testing Support At $1,700 And Gains in XAU and HUI Are Positive

Gold’s London AM fix this morning was USD 1,732, EUR 1,316.51, and GBP 1,093.09 per ounce.

Yesterday’s AM fix was USD 1,716, EUR 1,320.51, and GBP 1,094.74 per ounce.

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16
Feb
2012

Global Gold Demand in 2011 Rises 0.4% To $200 Billion – Central Banks, Asia and Europe Diversifying Into Gold

Gold’s London AM fix this morning was USD 1,716.00, EUR 1,320.51, and GBP 1,094.74 per ounce.

Yesterday’s AM fix was USD 1,725.50, EUR 1,309.88, and GBP 1,099.33 per ounce.

The World Gold Council released its comprehensive report today, “Gold Demand Trends Q4 and Full Year 2011” looking at demand in gold demand in full year 2011 and the 4th quarter of 2011.

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15
Feb
2012

PIMCO, Texas Teacher Retirement System, Soros Buy GLD; Paulson Sells

Gold’s London AM fix this morning was USD 1,725.50, EUR 1,309.88, and GBP 1,099.33 per ounce.

Yesterday’s AM fix was USD 1,721.00, EUR 1,303.10, and GBP 1,091.80 per ounce.


Currency Ranked Returns – (Bloomberg) 

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14
Feb
2012

Inevitable US, UK, Japan, Euro Downgrades Lead to Further Currency Debasement And Safe Haven Gold Demand

Gold’s London AM fix this morning was USD 1,721.00, EUR 1,303.10, and GBP 1,091.80 per ounce.

Yesterday’s AM fix was USD 1,727.00, EUR 1,302.22, and GBP 1,093.17 per ounce.


Cross Currency Table – (Bloomberg)

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