Market Updates Archives - Page 25 of 40 - GoldCore News

GoldCore Update – Gold’s Real Inflation Adjusted High at USD 7,150/oz

Gold Gold is trading at $1.063/oz this morning and traded between $1,048/oz and $1,066/oz over the last 24 hrs. In EUR and GBP terms, gold is trading at €710/oz and £648/oz respectively. Gold continues to gradually eke out gains and consolidate at near record levels on continuing oil strength and dollar weakness. Buying of physical remains robust on all price dips and this bodes well for further record highs in the short term.

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GoldCore Update – Gold Supported by Oil at Yearly High and USD Near Record Lows

Gold Gold is currently trading at $1,055.60/oz. With oil reaching a new high for the year above $79 a barrel, and the Federal Reserve signaling interest rates will stay near record lows for the foreseeable future, the beleaguered greenback fell to a 14-month low on the dollar index. The poor jobs number on Friday left lingering doubts regarding the sustainability of the recovery and this also supported gold.

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GoldCore Update – Gold Versus Global Foreign Exchange Reserves (1980: $0.5 Trillion; 2009 $7 Trillion)

Gold Gold is currently trading at $1,048.10/oz. In euro and GBP terms gold is trading at €703/oz and £640/oz. Support for gold is currently seen at $1,034/oz and resistance is at $1,054/oz. Gold took a much needed breather yesterday and fell some 1%.

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GoldCore Update – Gold’s Bull Market Due to Supply & Demand Economics

Gold Gold is trading at $1.056.50/oz. In EUR and GBP terms, gold is trading at €706.82/oz and £655.25/oz respectively.  Resistance currently lies at $1,064.10/oz and $1,070/oz with initial support at $1,048.60/oz and then $1,040.70/oz.

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GoldCore Update – Gold New Record Highs; USD Record Lows Again?

Gold Gold has traded at new nominal record highs (over $1,070/oz) and is currently trading at $1.066/oz. In EUR and GBP terms, gold is trading at €715/oz and £665.90/oz respectively.  Resistance currently lies at $1,070/oz with initial support at $1,050/oz and then at $1,040/oz. With oil back above $75 per barrel and at a 1 year high, and the dollar again under pressure today, gold continues to eke out gains.

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GoldCore Precious Metals Update – Gold at New Record Nominal Highs at $1,064/oz , Comex Open Interest Well Below Recorded Levels

Gold Gold has surged to new record nominal highs above $1.064/oz in trading in Europe this morning. With the US Holiday yesterday gold traded in a $10 range on Monday. In euro and GBP terms, gold is trading at €719/oz and £675.86/oz respectively.

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GoldCore Precious Metals Update – Uncertainty For Dollar, Euro and Sterling Leading to Higher Gold Prices in All Currencies

Gold Gold closed Friday night trading at $1,048/oz and is currently trading $3 higher at $1,051/oz. In euro and GBP terms, gold is trading at €713/oz and £666/oz and has risen sharply in these currencies in recent days. Support for gold is currently seen at $1,040/oz and resistance at $1,062/oz. The record weekly close was bullish from a technical perspective but gold may need a correction and consolidation prior to challenging the next psychological level of $1,100/oz.

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GoldCore Precious Metals Update – Gold New Record High at $1,058/oz but Remains Less than Half its Real Price of 30 Years Ago

Gold Gold continues to push higher and took out resistance of $1,050/oz yesterday and moved toward $1,060/oz before retreating slightly. With investors continuing to allocate funds into the gold market, the next target is likely to be an assault on the psychological $1,100/oz level. Increasing concerns of a double dip recession and of the outlook for major currencies is leading to continuing robust investment demand (significant gold ETF demand in recent days).

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GoldCore Precious Metals Update – Gold Surges to New Record Nominal Highs at $1,048/oz

Gold As the dollar came under increasing pressure yesterday, gold surged to fresh highs, breaking through two levels of resistance ($1,020/oz and $1,033/oz) and is currently trading at $1,047/oz.

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GoldCore Precious Metals Update – Threat to Petrodollar Sees Gold Surge to Near Record Highs

Gold The dollar came under sustained pressure as the Independent of London’s Robert Fisk broke a story stating that a group of Arab countries, Russia, France, Japan and China and others were in secret discussions to use a basket of currencies and gold to replace the dollar in order to trade oil.

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Robert Fisk and Australian Central Bankers Push Gold To $1,040/oz

Gold has surpassed its all time record high ($1,033/oz) of some 18 months ago today, and surged to a new record nominal high over $1,040/oz this morning. The reasons for gold's new record historic high and likely continuing strength in the coming months are the same fundamental factors that have been driving the gold market higher in recent months.

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GoldCore Precious Metals Update – Poor US Jobs Report Leads to Renewed Risk Aversion

Gold Gold surged back through $1,000/oz on Friday, as the dollar weakened  based on poor US non-farm payroll data. It is holding above that level and a continued hold above $1,000/oz should signal that gold has strong fundamentals  despite its recent behaviour being influenced by short term dollar fluctuations.

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GoldCore Precious Metals Update – Gold’s Record Monthly Close Is Significant from a Technical Perspective

Gold Gold is down slightly this morning but still continuing to knock on the door and consolidating near the psychological $1,000/oz mark. The gold market will probably be relatively quiet until the release of US non- farm payroll data this afternoon.

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GoldCore Precious Metals Update – Gold Well Supported in Mid to High $900/oz Region

Gold Gold is currently trading at $1,001.80/oz and has bounced from a low of $991/oz and continues to follow currency movements. This week is the first week of the new Central Banks Gold Agreement, which caps gold sales from official reserves.

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GoldCore Precious Metals Update – Gold To Consolidate Above Support at $985/oz?

Gold US stocks rallied yesterday and the gold price soon recovered after initial falls, and resolutely stayed around the $990/oz level. The erratic nature of the dollar, at the moment, means that gold may still have its direction dictated by dollar volatility and traders may exploit this and push the limits of gold support in the short term, looking for favourable entry points.

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GoldCore Precious Metals Update – Gold Falls as Markets Ignore Iranian Geopolitical Threat

Gold A stronger dollar and a bout of profit taking saw gold slip back to the low $980s per ounce in early morning trading. It is currently trading at $989/oz and if it fails to pull itself above $990/oz, it may correct back further to $970/oz before support is found.

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GoldCore Precious Metals Update – China Voices Dollar Concerns at G20 Summit in Pittsburgh

Gold Gold fell yesterday on technical driven profit taking and is currently trading at $996.75/oz. It traded in a range overnight of $991-$999/oz. Support is now at $990/oz and resistance is at the recent high at $1,024/oz. All eyes are on the G20 summit in Pittsburgh and trading is likely to be cautious prior to the meeting.

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GoldCore Precious Metals Update – Gold Supported by Federal Reserve’s “Exceptionally Low” Interest Rates for “Extended Period”

Gold Gold touched $1,015/oz this morning before retreating to $1,002/oz and then rebounded back to that figure again. Gold needs to re-test recent highs above $1,020/oz to plough its own furrow rather than taking its direction from the vagaries of dollars fortunes.

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GoldCore Precious Metals Update – Silver Remains a Contrarian’s Dream With Negative or No Media Coverage & No Public Involvement

Gold The dollar fell sharply against most currencies yesterday and gold was strong in all currencies and held above $1,015/oz for most of the day.

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GoldCore Precious Metals Update – Gold to Remain Strong on Global Inflation and Stagflation Risk

Gold

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