January 2010 - GoldCore News

GoldCore Update: Precious Metal Analysts Bullish in 2010; Asia Favours Gold as Inflation Hedge

Gold Gold slipped some 1% to $1,085.40/oz in US trading but then recovered to range trade from $1,085/oz to $1,091/oz in Asian trading. Gold is currently trading at $1,089.00/oz and in euro and GBP terms, gold is trading at €779/oz and £672/oz respectively. Obama's Populist Rhetoric Soothes Markets but Uncertainty Growing

READ MORE

GoldCore Update: Uncertain Political and Regulatory Conditons Leading to Uncertainty in Markets

Gold Gold rose slightly in US trading yesterday and rose in early trade in Asia prior to range trading between $1,092/oz and $1,098/oz overnight and this morning. Gold is currently trading at $1,096.40/oz (support at $1,075/oz) and in euro and GBP terms, gold is trading at €779.08/oz and £676.08/oz respectively.

READ MORE

GoldCore Update: UK Economy Struggling – Sterling Gold Testing Resistance at £700/oz

Gold Gold closed higher in New York yesterday at $1,096.85/oz. It rose overnight in Asia to over $1,103/oz prior to giving up those gains and moving downward slowly. Gold is currently trading at $1,091.00/oz and in euro and GBP terms, gold is trading at €775/oz and £674/oz respectively.

READ MORE

GoldCore Update: Markets Await Bernanke Re-Nomination

Gold Gold is trading at $1,102/oz. In euro and GBP terms gold is trading at €777/oz and £682/oz. Support for gold is currently seen at $1,076/oz and resistance at $1,115/oz. Some calm has returned to markets in Europe after the sell off on Wall Street Friday and in Asia overnight.

READ MORE

GoldCore Update: Obama and Volcker Reforms Spook Markets

Gold Gold fell a further 1% yesterday and is trading at $1,093.80/oz. In euro and GBP terms gold is trading at €774/oz and £673/oz. Support for gold is currently seen at $1,088/oz and resistance at $1,112/oz.

READ MORE

GoldCore Update: Chinese Tightening Leads to Economic Jitters and Risk Aversion

Gold Gold fell 2.2% yesterday and has fallen again in early London trading and is testing support at $1,100/oz. More significant support is at $1,080/oz and a close below that level could lead to a fall to stronger support at previous resistance at $1,030/oz. Gold is currently trading at $1,105.00/oz and in euro and GBP terms, gold is trading at €787/oz and £684/oz respectively. The possible insolvency of Greece with the attendant negative ramifications for the euro is seeing gold continually test the €800/oz mark.

READ MORE

GoldCore Update: Macroeconomic and Geopolitical Risk Sees Increasing Risk Aversion

Gold

READ MORE

GoldCore Update: World Markets Wobble on Increased Interest Rate Risk and Alcoa

Gold Gold rose 1% yesterday reaching 5-week highs and range traded between $1,151/oz and $1,158/oz overnight. It has dropped off slightly since but remains marginally higher in late morning trade in London. The poor jobs report last Friday has created investor uncertainty and has seen dollar weakness in the early part of the week leading to the firm gold price. Alcoa’s below consensus earnings have not soothed these jitters. Gold is currently trading at $1,152.00/oz and in euro and GBP terms, gold is trading at €796/oz and £716/oz respectively.

READ MORE

GoldCore Update: Gold Surges on Higher Oil and Lower Dollar

Gold Gold surged on the open in Asia and has range traded between $1,152/oz and $1,159/oz overnight and it has moved upwards in late morning London trading. Gold is currently trading at $1,157.00/oz and in euro and GBP terms, gold is trading at €796/oz and £717/oz respectively. $1,200/oz gold looks like it could be challenged again this week.

READ MORE

GoldCore Update: Investor Caution on Mixed Data and Macro Risks

Gold Gold and silver rallied another 2% yesterday and gold reached as high as $1,140/oz overnight and has dropped slightly to rang trade between $1,134/oz and $1,131/oz. Gold is currently trading at $1,132.00/oz and in euro and GBP terms, gold is trading at €789/oz and £711/oz respectively.

READ MORE

GoldCore Update: Silver Surges and Gold Rises as Oil Hits 15-Month High

Gold Gold rose again yesterday (marginally) and then dipped to $1,118.50/oz overnight and has recovered since. Gold is currently trading at $1,125.00/oz and in euro and GBP terms, gold has risen and is trading at €784/oz and £702/oz respectively. Gold is back above £700/oz as sterling has weakened on increasing concerns about the very large UK fiscal deficits. Gold priced in euro also remains robust as there are lingering concerns about the problems in Iceland but more importantly in Greece (not to mention Ireland and Spain).

READ MORE

GoldCore Update: New Year Optimism Sees Markets Rise – PL & PD Surge

Gold Gold rose 2% yesterday and reached as high as $1,128/oz overnight and has steadied near these levels since. Gold is currently trading at $1,125.00/oz and in euro and GBP terms, gold is trading at €780/oz and £702/oz respectively.

READ MORE

GoldCore Update: 2010’s First Day of Trading: Precious Metals Rise in Asia and Europe

Gold Gold range traded overnight from $1,099/oz to $1,103/oz but it has since moved up some 1.7%. Gold is currently trading at $1,112.00/oz and in euro and GBP terms, gold is trading at €775/oz and £688/oz respectively.

READ MORE
Category
Archives
Popular

Goldnomics Podcast - Gold, Stocks, Bitcoin in 2018. Everything Bubble Bursts?

Goldnomics Podcast - Gold, Stocks, Bitcoin in 2018. Everything Bubble Bursts?  [iframe sandbox="allow-popups allow-same-origin allow-scripts" src="//player.blubrry.com/id/29580649/#time-0&darkOrLight-Light&shownotes-ffffff&shownotesBackground-444444&download-ffffff&downloadBackground-003366&subscribe-ffffff&subscribeBackground-fb8c00&share-ffffff&shareBackground-1976d2" width="300px" height="138px"] Press play to listen to podcast In this our first GoldNomics podcast we take a look at the major financial market themes[...]

READ MORE

London Property Woes Continue As House Prices Fall to 2.5 Year Low

Gold and Silver Bullion - News and Commentary Gold prices notch fifth week of gains in a row (MarketWatch.com) Gold notches 5th week of gains, palladium hits record (Reuters.com) London Housing Woe Endures as Prices Drop to 2 1/2-Year Low (Bloomberg.com)[...]

READ MORE

Gold and Silver Bullion – News and Prices

Gold and Silver Bullion - News and Commentary Bitcoin Heads to Bigger Wall Street Stage as CME Debuts Futures (Bloomberg.com) Bitcoin Hits New All-Time High At $19,659.50 (GoldSeek.com) The EU has signed a deal to integrate 23 armies (WeForum.org) Seasonally, January[...]

READ MORE