Market Updates Archives - Page 7 of 40 - GoldCore News

Gold Reaches $1,913.50 – Smart Money Moving into Silver as UBS Says $50 Silver in 3 Months

All major currencies are higher against gold today including the US dollar, despite the dollar falling on international markets. Gold reached new record nominal highs at $1,913.50/oz overnight and profit taking and traders nervous about potential margin increases have led to a 1% fall in dollar terms today. Gold has fallen by more in euro and sterling.

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Gold Nears $1,900 – Venezuela Formally Requests Gold Holdings Held by BOE Ship by Sea

All major currencies have fallen against gold and silver again today with gold reaching new record nominal highs in most fiat currencies including U.S. dollars. Gold reached a new record of $1,894.80/oz - just shy of $1,900/oz. Cross Currency Table

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Perfect Storm Sees Gold & Silver Surge – Chavez Gold Action Leads to Backwardation, Short Squeeze and ‘Havoc’ Concerns

All major currencies have fallen sharply against gold and silver again today with gold reaching new record nominal highs in Canadian and New Zealand dollars, in sterling, in euros and of course in dollars as turmoil continues in global markets. In volatile trade, gold is down 1% from new record highs and is trading at USD 1,860.10, EUR 1,300.40, GBP 1,126.40, CHF 1,470.90, and JPY 142,414 per ounce and has risen some 2% in all currencies. Silver has surged by nearly 3% in all major currencies.

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Gold Over $1808 – May Be Poised for ‘Parabolic’ Rise; People in West Not Prepared for Possible Currency Crisis

All major currencies have fallen sharply against gold again today but especially the ‘commodity’ fiat currencies of the Australian, New Zealand and Canadian dollar. Swiss francs are also under pressure again today. Gold is trading at 1,808 USD, 1,259.10 EUR, 1,096.40 GBP, 1,436.90 CHF and 138,510 JPY per ounce.   The London AM fix was a second consecutive record nominal high in USD. Gold’s London AM fix this morning was USD 1,794.50, EUR 1,246.44, GBP 1,087.12 per ounce (from yesterday’s USD 1,792.00, EUR 1,240.39, GBP 1,089.96 per ounce).

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Merkel and Sarkozy Plans Fail to Assure Markets – New Record Nominal Gold High (USD London Fix)

Gold is mixed in various currencies today after French President Nicolas Sarkozy and German Chancellor Angela Merkel unsurprisingly failed to deliver a solution to the euro zone debt crisis.  The London AM fix in USD was a new record nominal high. Gold’s London AM fix this morning was USD 1,792.00, EUR 1,240.39, GBP 1,089.96 per ounce (from yesterday’s USD 1,779.00, EUR 1,236.18, GBP 1,086.81 per ounce see LBMA).

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Stagflation Threatens Western Economies – Gold a Bubble, to Correct or Go Parabolic as Per 1970s?

All major currencies have fallen against gold today with the euro down 1% against gold on nervousness ahead of the Franco German summit. Gold is trading at USD 1,776.70, EUR 1,235.10, GBP 1,084.10, CHF 1,389.90 per ounce and 136,450 JPY/oz.  Gold’s London AM fix this morning was USD 1,779.00, EUR 1,236.18, GBP 1,086.81 per ounce.

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Today is the 40th Anniversary of Nixon Ending Gold Standard and Creating Modern Fiat Monetary System

Gold has fallen today in all major currencies except the Swiss franc which has fallen sharply again on continued talk of SNB intervention. Gold is trading at USD 1,742.70, EUR 1,220.10, GBP 1,068.70, CHF 1,375.60 per ounce and 133,820 JPY/oz.  Gold’s London AM fix this morning was USD 1,738.00/oz, EUR 1,214.11/oz, GBP 1,065.88/oz.

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Gold Surges in All Currencies in Tumultuous Week – XAU/CHF Up 5.5% WTD on Intervention and Euro Peg Concerns

Gold has fallen today in all major currencies except the Swiss franc which has fallen on continued speculation of pegging the Swiss franc to the euro. Gold is trading at USD 1,754.30, EUR 1,232.10, GBP 1,078.70, CHF 1,349.30 per ounce and 134,357.00 JPY/oz. Gold is 5.1% higher in dollars week to date and 6% higher in euros and 6.6% higher in pounds or to put it correctly these currencies have fallen in value against gold.

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Germany’s Best-Selling Tabloid Bild’s Front Page Encourages Readers To Buy Gold

Gold has fallen today in all major currencies except the Swiss franc which has fallen on SNB intervention rumours. Gold is trading at USD 1,791.40, EUR 1,257.10, GBP 1,107.70, CHF 1,318.80 per ounce and 136,976.00 JPY/oz.  The yen has fallen by 8.7% against gold so far in August as the yen, while rising in dollar terms, is falling sharply in gold terms (see chart below).

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Gold Market Up – Equity Market Up – What gives?

Gold prices held their ground late into trading Tuesday, even in the face of a surge in US equities. Buoyed by a US Federal Reserve pledge to maintain a low interest rate policy until mid 2013, the Dow rose 612 points (5.7%) in the final 90 minutes of trading. Gold held its ground and today is showing signs of strength, trading at $1,756.30/oz up $13.30/oz. Gold in EUR and GBP is trading at 1,224.16/oz and 1,082.26/oz.

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JP Morgan Warns Gold to Go Parabolic and Rise to $2,500 By Year End

Gold in USD terms is 2.4% higher and is higher against all currencies and trading at USD 1,760.40 , EUR 1,234.10, GBP 1,075.70, CHF 1,306.80 per ounce and 132,719.00 JPY.   Gold’s London AM fix was USD 1,770.00, EUR 1,241.75, GBP 1,080.98. Gold reached new record nominal highs at $1,780.10/oz and new nominal highs in euros and sterling also this morning.

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Gold and Silver Higher As ECB Intervenes in Markets – Currency and Euro Debasement Accelerates

Gold in USD terms is 2.5% higher after the weekend U.S. downgrade and is higher against all currencies and trading at USD 1,706.40 , EUR 1,195.90 , GBP 1,039.20, CHF 1,039.20 per ounce and 132,549.00 JPY.  Gold’s London AM fix was USD 1,709.75, EUR 1195.21, GBP 1,040.94. Cross Currency Rates

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Safe Haven Gold Up 2% in Tumultuous Week – Stock Indices Down 6% to 13% in Week

Gold is 0.75% higher in dollar terms this morning on safe haven buying after yesterday’s 0.43% fall.  Gold is marginally higher against all currencies and is trading at USD 1,659.50 , EUR 1,170.20 , GBP 1,018.30, CHF 1,269.00 per ounce and 130,530.00 JPY.  The surprisingly positive U.S. jobs figure may lead to further short term weakness.

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Gold Surges 3.8% in Japanese Yen as Yen Falls Sharply and Global Currency Wars Resume

Gold has surged nearly 4% in Japanese yen this morning as the BOJ entered currency markets overnight selling yen thereby depreciating their currency against the dollar and other fiat currencies. Gold is higher against all currencies and is trading at USD 1,663.50, EUR 1,168.20, GBP 1,018.30, CHF 1,291.00 per ounce and 133,000.00 JPY per ounce. Gold’s London AM fix was USD 1664.25/oz, EUR 1170.61/oz, GBP 1,018.20/oz. Gold reached new record nominal highs in majors yesterday and remains close to these record highs today.

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Is Gold a Bubble? 14 Charts, the Facts and the Data Suggest Not

Gold is higher and is trading at USD 1,668.90 , EUR 1,167.10 , GBP 1,018.40 and CHF 1,287.70 per ounce. It is slightly lower in euros but higher in U.S. dollars, Swiss francs, the Japanese yen, and the Australian and New Zealand dollar. Gold’s London AM fix was USD 1,667.50, EUR 1,167.50, GBP 1,016.77 (10:43 GMT).

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Sharp Increase in Central Bank Gold Reserves – South Korea Up 17-Fold & Thailand 15.5% in 2 Months

  Gold is higher in all currencies today except for the Swiss franc and is trading at USD 1,629.20 , EUR 1,147.30 , GBP 1,000.20 and CHF 1,270.10 per ounce. Gold’s London AM fix was USD 1624.00, EUR 1145.28, GBP 997.30 (10:41 GMT). Gold reached new record nominal highs in euros and Canadian dollars yesterday at EUR 1,149.60/oz and CAD 1,566.48/oz yesterday and remains close to these record highs today, and close to record highs in most fiat currencies.

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IMF Chief Warns America on “Exorbitant Privilege” / Cazenove’s Griffiths Says “Essential to Own Gold” – $8,500/oz Is Possible

Gold is trading at USD 1,615.20, EUR 1,132.70, GBP 991.92 and CHF 1,293.10 per ounce. Gold’s London AM Fix was USD 1613.75, EUR 1129.76, GBP 991.67  (10:41 GMT). Gold is set to finish a turbulent July higher showing its safe haven attributes again. Gold is higher in all fiat currencies month to date and is 7.6% higher in U.S. dollars.

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Gold Near Record USD and EUR High – Eurozone Debt and U.S. Default Risks Global Financial Contagion

Gold is marginally higher against most currencies today and is trading at USD 1,614.40, EUR 1,130.50, GBP 990.08 and CHF 1,294.50 per ounce. Gold is flat against the dollar but remains just less than 1% from the record nominal high reached yesterday ($1,628.05/oz).  The euro is under pressure again today and gold is 0.7% higher against the euro and is just less than 1.5% away from the record euro high of EUR 1,144.80/oz reached last Monday.

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Gold New Record Nominal Highs ($1,625.70) as CDS Traders Start Positioning for U.S. Downgrades

Gold is trading at USD 1,620.40, EUR 1,120.50 and GBP 989.08 and CHF 1,298.50 per ounce. Both the dollar and the euro are under pressure again today and gold has reached another new record nominal high of $1,625.70/oz in early European trading. Cross Currency Rates

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Gold Seen as Less Risky Currency – Return to Gold Standard Advocated in Print and Video

Gold is marginally lower in all currencies today (USD 1,611, EUR 1,113 and GBP 983 per ounce) but remains close to record nominal highs in major currencies on U.S. and Eurozone debt concerns. With the risk free rate of return of U.S. Treasuries (Treasury bills, Treasury notes and Treasury bonds) coming into question, gold is increasingly being seen by many as a less risky asset and as a less risky currency.

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Gold and Silver Bullion – News and Prices

Gold and Silver Bullion - News and Commentary Asian Stocks Fall as Miners Decline; Yen Gains (Bloomberg.com) Gold prices ease despite slightly weaker dollar (Reuters.com) Bitcoin Hits New All-Time High Above $12,250 (GoldSeek.com) Don’t Expect Gold to Go Wild Next Year[...]

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Gold and Silver Bullion – News and Prices

Gold and Silver Bullion - News and Commentary Gold rises on bargain hunting after slumping to over 4-month low (Reuters.com) Dollar Heads for Weekly Gain, Asia Stocks Advance (Bloomberg.com) Platinum’s discount to palladium hits 16-year-high (Reuters.com) Consumer credit accelerated in October[...]

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"There Will Be Pain": Bank of England's Carney Warns On Brexit

Gold and Silver Bullion - News and Commentary Gold volatility 'breakout' coming soon to ‘eerily quiet’ market - Metals Expert (CNBC.com) Gold inches up as dollar weakens after U.S. Senate tax bill stalls (Reuters) Dollar Dips as Tax Bill Hits Snag;[...]

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