Category: Precious Metals Update

13
Feb
2012

Asia Buying Gold On Dips – “Empires May Fall, Currencies May Change… Gold Will Always Survive”

Gold’s London AM fix this morning was USD 1,727.00, EUR 1,302.22, and GBP 1,093.17 per ounce.

Friday’s AM fix was USD 1,715.50, EUR 1,295.21, and GBP 1,084.25 per ounce.


Cross Currency Table – (Bloomberg)

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10
Feb
2012

Buffett Says “Right To Be Fearful” of “Paper Money” – Favours Stocks Over Cash, Bonds and Gold

Gold’s London AM fix this morning was USD 1,715.50, EUR 1,295.21, and GBP 1,084.25 per ounce.

Yesterday’s AM fix was USD 1,733.00, EUR 1,304.77, and GBP 1,094.20 per ounce.

The pattern of gold trading higher in Asia and falling just before or at the open in Europe continued again today. Gold ticked a little higher in Asian trade prior to sharp falls before the open at 0800 GMT when gold fell quickly fell from $1,729/oz to $1,715/oz.

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09
Feb
2012

Gold Will Advance to $2,500 If Euro Zone Breaks Up – Capital Economics

Gold’s London AM fix this morning was USD 1,733.00, EUR 1,304.77, and GBP 1,094.20 per ounce.

Yesterday’s AM fix was USD 1,743.00, EUR 1,315.17, and GBP 1,095.95 per ounce.


Cross Currency Table – Bloomberg

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08
Feb
2012

Gold Increased In Value In Both Extreme Inflationary and Deflationary Scenarios (1900-2011) – Credit Suisse & LBS Research

Gold’s London AM fix this morning was USD 1,743.00, EUR 1,315.17, and GBP 1,095.95 per ounce.

Yesterday’s AM fix was USD 1,720.00, EUR 1,308.98, and GBP 1,087.56 per ounce.


Cross Currency Table – Bloomberg

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07
Feb
2012

Fed’s Record Setting Money Supply Splurge Spurs Gold’s Rally

Gold’s London AM fix this morning was USD 1,720.00, EUR 1,308.98, and GBP 1,087.56 per ounce.

Yesterday’s AM fix was USD 1,717.00, EUR 1,315.31, and GBP 1,090.85 per ounce.


Cross Currency Rates – Bloomberg

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06
Feb
2012

Stocks and Euro Fall (€1,315/oz) As Possible Greek Default Looms

Gold’s London AM fix this morning was USD 1,717.00, EUR 1,315.31, and GBP 1,090.85 per ounce.

Friday’s AM fix was USD 1759.50, EUR 1,335.48, and GBP 1,110.66 per ounce.

Gold has followed the now familiar trading pattern of gains in Asia followed by weakness in Europe. While gold has fallen and is weaker in most currencies gold remains higher in euro terms due to euro weakness on the concern of a Greek default.

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03
Feb
2012

Research: US Mint Gold Coin Sales for January – Signal Return to Fundamental Driven Demand?

Gold’s London AM fix this morning was USD 1759.50, EUR 1,335.48, and GBP 1,110.66 per ounce. 

Yesterday’s AM fix was USD 1,747.50, EUR 1,326.68, and GBP 1,102.80 per ounce.

 

Gold prices hit their highest since mid-November this morning as signals that U.S. monetary policy will remain ultra loose increased investor appetite for bullion. 

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02
Feb
2012

Gold Challenges Resistance at $1,750/oz – Technicals and Fundamentals Remain Very Positive

Gold’s London AM fix this morning was USD 1,747.50, EUR 1,326.68, and GBP 1,102.80 per ounce. Yesterday’s AM fix was USD 1,744, EUR 1,327.65, and GBP 1,106.74 per ounce.


Cross Currency Table – Bloomberg

Gold has seen quite volatile up and down trading in Asia and Europe but within a narrow $10 band.

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01
Feb
2012

January 2012 – Gold, Silver, Currency and Asset Performance Review

Gold’s London AM fix this morning was USD 1,744, GBP 1,106.74, and EUR 1,327.65 per ounce.

Yesterday’s AM fix was USD 1,738.00, GBP 1,102.23, and EUR 1,317.27 per ounce.

Gold consolidated on yesterdays gain in Asia overnight and then rose in early European trading from below $1,735/oz to $1,748.60/oz. A break above resistance at $1,750/oz could see gold quickly challenge $1,800/oz. However, there is also the possibility of a correction after the large gains seen in January.

January 2012 – Gold, Silver, Currency and Asset Performance Review

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31
Jan
2012

Silver Surges 21% in January – Silver Demand Is “Diminishing A Supply Surplus”

Gold’s London AM fix this morning was USD 1,738.00, GBP 1,102.23, and EUR 1,317.27 per ounce.

Yesterday’s AM fix was USD 1,720.50, GBP 1,097.40, and EUR 1,310.06 per ounce.


Cross Currency Table – Bloomberg

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