Category: Precious Metals Update

04
Nov
2011

Central Banks Quietly Accumulating Gold – Declared Purchases of 206 Tons Through September 2011

Gold is trading at USD 1,759, EUR 1,271.10, GBP 1,097.40, JPY 137,261, CHF 1,552.30, and AUD 1,690.40 per ounce.

Gold’s London AM fix this morning was USD 1,756.00, GBP 1,096.47, and EUR 1,269.61per ounce.

Yesterday’s AM fix was USD 1,732.50, GBP 1,083.69, and EUR 1,257.25 per ounce.


Cross Currency Table

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03
Nov
2011

Gold Spikes Above Resistance at $1,750 – Higher in All Currencies on Contagion Risk

Gold is trading at USD 1,757.10, EUR 1,272.60, GBP 1,097, JPY 137,126,  CHF 1,546.20 and AUD 1696.30 per ounce.

Gold’s London AM fix this morning was USD 1,732.50, GBP 1,083.69 and EUR 1,257.25 per ounce.

Yesterday’s AM fix was USD 1,731.00, GBP 1,081.27 and EUR 1,257.35 per ounce.

Cross Currency Table

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02
Nov
2011

Krugman Warns of “Gigantic Bank Run”, “Emergency Bank Closing” and “New Lira”

Gold is trading at USD 1,727.10, EUR 1,254, GBP 1,080, JPY 134,790,  AUD 1,669.20 and CNY 10,978 per ounce. 

Gold’s London AM fix this morning was USD 1,731.00, GBP 1,081.27 and EUR 1,257.35 per ounce. 

Yesterday’s AM fix was USD 1,702.00, GBP 1,067.69 and EUR 1,243.06 per ounce. 

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01
Nov
2011

Global Depression, Sovereign Default and Hyperinflation Are Top “Extreme Risks” Today

Gold is trading at USD 1,702.93, EUR 1,241.52, GBP 1,069.63, JPY 133,157,  AUD 1,648 and CHF 1,513.71 per ounce. 

Gold’s London AM fix this morning was USD 1,702.00, GBP 1,067.69 and EUR 1,243.06 per ounce. 

Yesterday’s AM fix was USD 1,718.00, GBP 1,072.88 and EUR 1,227.23 per ounce. 

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28
Oct
2011

Gold Research Again Proves Gold as “Risk Management Vehicle” and “Store of Wealth”

Gold is trading at USD 1,736.36, EUR 1,227.21, GBP 1,078.67, JPY 131,718, ZAR 13,432/oz and CHF 1,500.36 per ounce. 

Gold’s London AM fix this morning was USD 1,735.00, GBP 1,077.91 and EUR 1,224.50 per ounce. 

Yesterday’s AM fix was USD 1,708.00, GBP 1,067.83 and EUR 1,219.74 per ounce. 

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27
Oct
2011

EU’s ‘Grand Plan’ Leads to More “Irrational Exuberance” and Prevents Contagion

Gold is trading at USD 1,722.10, EUR 1,228.20, GBP 1,076,  JPY 130,520 ,  AUD 1,622.40 and 10,955 CNY per ounce.

Gold’s London AM fix this morning was USD 1,708.00, GBP 1,067.83 and EUR 1,219.74 per ounce. 

Yesterday’s AM fix was USD 1,713.00, GBP 1,070.69 and EUR 1,229.54 per ounce.

Gold rose to a one month high of $1,728.70 immediately prior to the deal. It gradually fell as risk appetite returned to markets but has recovered some of the losses incurred going into the London AM Fix. Euro gold performed similarly. 

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26
Oct
2011

Gold Breaks Out and Consolidates Above $1,700/oz – Financial Alchemy Risks Severe Inflation

Gold is trading at USD 1,708.20, EUR 1,230.11, GBP 1,071.37, JPY 129,700,  AUD 1,650 and CNY 10,864 per ounce.

Gold’s London AM fix this morning was USD 1,713.00, GBP 1,070.69 and EUR 1,229.54 per ounce. 

Yesterday’s AM fix was USD 1,656.25, GBP 1,036.19 and EUR 1,187.96 per ounce.

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25
Oct
2011

Gartman: EU Debt Plan to Hurt Currencies – Buy Gold in USD, GBP and EUR as “Is a Currency”

Gold is trading at USD 1,662.10, EUR 1,191.70, GBP 1,038.50, JPY 126,592.0, AUD 1585 and CNY 10,572/oz.

Gold’s London AM fix this morning was USD 1,656.25, GBP 1,036.19 and EUR 1,187.96 per ounce. 

Yesterday’s AM fix was USD 1,651.00, GBP 1,035.56 and EUR 1,191.37 per ounce.


Cross Currency Table 

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24
Oct
2011

FT’s Tett Says “Foolish Simply to Deride or Ignore GATA” – GATA Debate CPM re Silver

Gold is trading at USD 1,653.80, EUR 1,196.10, GBP 1,038.40, JPY 125,832.0, AUD 1,594 and CNY 10,545 per ounce.

Gold’s London AM fix this morning was USD 1,651.00, GBP 1,035.56 and EUR 1,191.37 per ounce. 

Friday’s AM fix was USD 1,623.00, GBP 1,027.02 and EUR 1,178.14 per ounce.


Cross Currency Table 

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21
Oct
2011

US Money Supply Surges Surges 33% in 4 Months – Global Money Supply to Lead to Gold $10,000/oz?

Gold is trading at USD 1,623.80, EUR 1,177.95, GBP 1,027.01, JPY 124,535.72, AUD 1587.39 and CNY 10,354 per ounce.

Gold’s London AM fix this morning was USD 1,623.00, GBP 1,027.02 and EUR 1178.14 per ounce. 

Yesterday’s AM fix was USD 1,629.00, GBP 1,033.24 and EUR 1,180.17 per ounce.

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