Category: Precious Metals

13
Aug
2013

Silver Surges 12% In 5 Trading Days – Record Silver Coin And High ETF Demand

Today’s AM fix was USD 1,334.00, EUR 1,002.41 and GBP 862.31 per ounce. 
Yesterday’s AM fix was USD 1,325.75, EUR 997.40 and GBP 856.59 per ounce.

Gold climbed $23.30 or 1.77% yesterday and closed at $1,335.90/oz. Silver surged $0.88 or 4.3% and closed at $21.34.

Gold bullion is marginally lower in all currencies today after yesterday’s gains as markets await U.S. economic data releases. 

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12
Aug
2013

Gold And Silver Surge On Open In Asia – Short Squeeze Likely

Today’s AM fix was USD 1,325.75, EUR 997.40 and GBP 856.59 per ounce.  
Friday’s AM fix was USD 1,305.50, EUR 975.49 and GBP 839.44 per ounce.


Cross Currency Table – (Bloomberg)

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09
Aug
2013

Gold Prices Rise On Positive Chinese Economic Outlook

Today’s AM fix was USD 1,305.50, EUR 975.49 and GBP 839.44 per ounce.  
Yesterday’s AM fix was USD 1,287.75, EUR 964.25 and GBP 830.11 per ounce.

Gold climbed $27.40 or 2.13% yesterday and closed at $1,312.50/oz. Silver surged $0.79 or 4.05% and closed at $20.30. 

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08
Aug
2013

While The West Ponders Fed QE Plans -The Chinese Accumulate Gold

Today’s AM fix was USD 1,287.75, EUR 964.25 and GBP 830.11 per ounce. 
Yesterday’s AM fix was USD 1,275.50, EUR 960.61 and GBP 838.04 per ounce.

Gold rose $1.50 or 0.12% yesterday and closed at $1,285.10/oz. Silver fell $0.01 or 0.05% and closed at $19.51. 

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07
Aug
2013

U.S. Fed and Bank of England: QE Still The Order Of The Day

Today’s AM fix was USD 1,275.50, EUR 960.61 and GBP 838.04 per ounce.  
Yesterday’s AM fix was USD 1,292.00, EUR 972.97 and GBP 840.38 per ounce.

Gold fell $17.80 or 1.37% yesterday and closed at $1,283.60/oz. Silver fell $0.16 or 0.82% and closed at $19.52. 

Gold continued losses into a third session after comments by a Dallas Fed official ramped up fears that the U.S. Fed could begin tapering soon. Today, the governor of the Bank of England unveiled a Fed-style forward guidance.

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06
Aug
2013

Gold Price Retreats As Dallas Fed Indicates QE Tapering By December

Today’s AM fix was USD 1,292.00, EUR 972.97 and GBP 840.38 per ounce. 
Yesterday’s AM fix was USD 1,311.00, EUR 986.83 and GBP 852.91 per ounce.

Gold fell $6.30 or 0.48% yesterday and closed at $1,301.40/oz. Silver fell $0.14 or 0.71% and closed at $19.68.

Gold edged off over 1% as some positive global economic data tarnished its safe haven appeal coupled with quiet physical demand in Asia and technical selling which added pressure after $1,300/oz was breached.

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31
Jul
2013

As The Crisis Deepens, Gold Flows East – Part 3 (of 3)

Today’s AM fix was USD 1,331.50, EUR 1,002.79 and GBP 875.35 per ounce.  
Yesterday’s AM fix was USD 1,322.25, EUR 996.65 and GBP 864.05 per ounce.

Gold fell $3.10 or 0.23% yesterday and closed at $1,326.30/oz. Silver fell $0.12 or 0.6% and closed at $19.72. 

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30
Jul
2013

As The Crisis Deepens, Gold Flows East – Part 2 (of 3)

Today’s AM fix was USD 1,322.25, EUR 996.65 and GBP 864.05 per ounce.  
Yesterday’s AM fix was USD 1,330.75, EUR 1001.24 and GBP 864.79 per ounce.

Gold fell $3.60 or 0.27% yesterday and closed at $1,329.40/oz. Silver fell $0.19 or 0.45% and closed at $19.84. 

Gold is remaining steady ahead of the key U.S. Fed policy meeting later today.  Mixed economic data from the U.S. has left no clues as to when the Fed will taper its stimulus program. Gold bullion prices reached a five week high of $1,347.69/oz last week. 

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26
Jul
2013

Central Banks ‘Vote For Gold’ Due To Sovereign And Currency Concerns

Today’s AM fix was USD 1,327.75, EUR 998.76 and GBP 861.73 per ounce. 
Yesterday’s AM fix was USD 1,312.00, EUR 994.92 and GBP 857.63 per ounce.

Gold climbed $11.60 or 0.88% yesterday and closed at $1,331.50/oz.

Silver rose $0.04 or 0.2% and closed at $20.20.

Gold is 8.4% higher in July and set for the best month since January 2012 as lower prices lead to increased demand.

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25
Jul
2013

China’s Yuan Set To Become Global Reserve Currency With Gold Backing?

Today’s AM fix was USD 1,312.00, EUR 994.92 and GBP 857.63 per ounce. 
Yesterday’s AM fix was USD 1,340.00, EUR 1,012.31 and GBP 872.40 per ounce.

Gold fell $22.50 or 1.68% yesterday and closed at $1,319.90/oz.

Silver slid $0.30 or 1.47% and closed at $20.16.

Gold is trading down after falling nearly 2% yesterday after challenging resistance at $1,350/oz. 

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