Gold’s London AM fix this morning was USD 1,722.00, GBP 1,095.98, and EUR 1,310.30 per ounce.
Yesterday’s AM fix was USD 1,713.00, GBP 1,091.10, and EUR 1,300.59 per ounce.
In Asia this morning gold fell from its seven week high as traders took profits ahead of US Gross Domestic Product data to be released later today (1.30GMT). Gold investors were happy with the Fed’s decision to keep interest rates low, but now the focus will again be on the eurozone and hopes for a solution to Greece’s debt debacle.
Gold’s London AM fix this morning was USD 1,713.00, GBP 1,091.10, and EUR 1,300.59 per ounce.
Yesterday’s AM fix was USD 1,659.00, GBP 1,064.08, and EUR 1,277.04 per ounce.
Gold rose 2.5% yesterday and broke $1,700/oz to $1,712.80, its biggest one-day gain in the past 4 months, as the US Federal Reserve’s 11 out of 17 members voted that interest rates would likely remain near zero into late 2014.
Gold’s London AM fix this morning was USD 1,659.00, GBP 1,064.08, and EUR 1,277.04 per ounce.
Yesterday’s AM fix was USD 1,669.00, GBP 1,072.69, and EUR 1,282.17 per ounce.
Gold edged up after an early dip on buying from jewellers in Asia this morning. Prices are trading narrowly as investors await the outcome of the US Federal Reserve meeting with its decision on interest rates at 17:30 GMT.
Gold’s London AM fix this morning was USD 1,643.50, GBP 1,074.60, and EUR 1,298.90 per ounce.
Friday’s AM fix was USD 1,642.00, GBP 1,070.27, and EUR 1,281.71 per ounce.
Spot gold is again above the 200 day moving average near $1,638/oz. Gold prices have rallied 5% so far in 2012, with the eurozone debt crisis and the growing tension between Iran and the west supporting gold’s safe haven status.
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