Precious Metals Update Archives - Page 27 of 37 - GoldCore News

An All-Time High Weekly Close Sets Gold Up for New Record Highs

Gold Gold rallied on the open in Asia and has maintained those gains in early trading in Europe as the dollar has. Last week's all time higher weekly close was important technically and means that gold's technicals remain strong after its recent weekly and monthly (May) higher closes. Indeed, momentum traders and those making "the trend their friend" could push gold to new (nominal) highs in the coming days.

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Risk Trade Back on Despite Sovereign Debt and Banking System Stress

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Bernanke’s Claims That He Does Not “Fully Understand the Movement in the Gold Price”

Gold Gold is currently trading at $1,223/oz and in euro, GBP, CHF, and JPY terms, at €1,017/oz, £840/oz, CHF 1,402/oz, JPY 111,318/oz respectively.

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Gold Consolidates Near Record Nominal Highs in Nearly All Currencies

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Gold Reaches New Record Nominal Highs in USD, EUR, CHF and GBP

Gold Gold has risen to new record nominal highs as concerns that the European debt crisis could lead to contagion increases. Gold rose to $1,251.85/oz in London and futures reached $1,254.50/oz in New York as risk aversion rose. Bullion advanced to all-time highs in dollars, euros, sterling and Swiss francs as the euro and equity markets again came under pressure.

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Gold Marginally Lower as Equities Fall Sharply on Disappointing US Job Numbers

Gold The US jobs number came in at 431,000, which was worse than the expected 500k, and saw safe haven buying bid the dollar, yen and gold prices higher. The jobs number raised concerns about the sustainability of the recovery especially as the employment numbers received an artificial boost from the hiring of thousands of temporary census workers.

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Increased Risk Appetite Sees Equities Rise and Yen and Gold Fall

Gold Gold is currently trading at $1,218/oz and in euro, GBP, CHF, and JPY terms, at €994/oz, £831/oz, CHF 1,405/oz, JPY 112,630/oz respectively. Gold fell slightly in US trading yesterday on renewed risk appetite prior to sideways trading in Asia and then falling mid morning in Europe from $1,223/oz to $1,215/oz.

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Gold Rises in Yen on Japanese PM Resignation; Premiums for Physical Bullion Rising Again

Gold Gold rose again yesterday on safe haven demand due to falling stock markets after growing concerns about the impact of the oil spill in the Gulf of Mexico and continuing concerns about contagion in the eurozone. Gold initially rose in Asia before giving up those gains and falling as low as $1218/oz in early European trading.

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Gold Rises for Seventh Day in USD; New Record in Euro over EUR 1,009/oz

Gold Gold is the strongest currency in the world today and has risen to $1,220/oz and over €1,000/oz with a variety of macroeconomic and geopolitical headwinds supporting the yellow metal. These include geopolitical risks in the Koreas and in the Middle East,  the macroeconomic risks posed by the continuing sovereign debt crisis, concerns about the euro and growing concerns about a double dip recession.

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Gold Up 3% in May as Commodities and Stocks Fall Sharply

Gold Gold is marginally lower and threading water in most currencies today with markets subdued as the London Stock Exchange and Wall Street are closed for a national holidays. It range traded from $1,210/oz to $1,214/oz in Asian and early European trading this morning. Gold is currently trading at $1,213/oz and in euro, GBP, CHF, and JPY terms, at €987/oz, £837/oz, CHF 1,043.64/oz, JPY 110,897/oz respectively.

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China Reassures Global Markets and Promotes Yuan Denominated Gold Investments

Gold Gold edged higher again yesterday on a continuing safe haven bid due to various macroeconomic and geopolitical risks and has fallen marginally in trading today. Gold is currently trading at $1,206.48/oz and in euro and GBP terms, at €976.43/oz and £830.34/oz respectively.

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Flight to Safety – Gold Surges to Near EUR 1,000/oz and Over USD 1,200/oz

Gold The flight to safety yesterday saw gold and US and German government bonds rise while equities fell internationally. Gold's rise was marginal but was significant all the same given the very sharp falls seen in equity and commodity markets. Gold rose sharply in euros and in the commodity currencies as these currencies came under pressure.

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Gold Remains Firm on Geopolitical Risks and Fears of a ‘Perfect Storm’

Gold Gold's safe haven qualities are again being seen after its higher close yesterday despite falling US equity indices and it remaining robust today (down 0.4% in USD terms) despite sharp falls in Asian and European indices. Some analysts are warning of a "perfect storm" that could again destabilise the global financial and economic system. While "perfect storm" talk may be hyperbole there can be little doubt that the many extreme headwinds have led to a degree of risk similar to that seen after the collapse of Lehman Brothers.

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Gold and Dollar Rise as Euro and Equities Under Pressure Again

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Precious Metals, Commodity Currencies and Stocks Fall

Gold Gold closed with a loss of 1.09% yesterday. It rose from $1,206/oz to $1,220/oz in Asian and early European trading this morning. Gold subsequently came under pressure due to profit taking and institutional selling driving prices through key technical levels. Gold is currently trading at $1,190/oz and in euro and GBP terms, at €965/oz and £827/oz respectively.

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Gold Falls on Profit Taking as Retail Investors Remain Hesitant

Gold Gold fell for a fourth day in Europe due to profit-taking but  is likely to remain supported due to continued concerns about sovereign debt contagion and currency risk. Gold rose to a record intraday nominal high of $1,249 a troy ounce last Friday but has since pared back its gains and is now trading at $1,209.95 an ounce, down 1.3% on the day amid a combination of profit taking and increased risk appetite.

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Euro Gold Near €1,000 on Euro Survival Concerns

Gold Gold has dropped from $1,242/oz to $1,230/oz in Asian and early European trading this morning. Gold closed with a slight loss of 0.11% in dollars on Friday while it was stronger in most other currencies. For the week, gold rose by 1% in dollars and by much more in other currencies and especially in the beleaguered euro.

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Gold at $1500/oz Forecast by Gold Analysts on Sovereign Debt and Currency Concerns

Gold Gold has consolidated near record highs in Europe today as concerns about eurozone debt default and sovereign debt contagion remain. Gold rose to $1,246/oz early in the afternoon in New York yesterday before closing with a gain of 1.92%. It then rose to a new all time nominal high of $1,248.20/oz after New York closed. It has range traded from $1,233/oz to $1,239/oz in Asian and early European trading this morning. Gold is currently trading at $1,234/oz and in euro and GBP terms, at €982/oz and £837/oz respectively.

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Gold at New Record Highs; Silver Surges 4% and Breaks Long Term Resistance

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Gold Tests Record Highs as Euphoria on Short Covering Rally Fades

Gold Gold has recovered from the slight sell off seen yesterday and stayed above $1,200/oz in Asian trading before rallying in early European trading. The initial euphoria that saw stocks and the euro surge yesterday has quickly dissipated with the euro giving up most of yesterday's gains and stocks coming under pressure this morning. Yesterday's relief rally may have been more about a massive short covering rally than anything else and there is a growing realisation that the unprecedented measures may not be enough to contain the eurozone debt crisis.

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Gold steady; U.S. govt shutdown worries investors

Gold and Silver Bullion - News and Commentary Gold steady; U.S. govt shutdown worries investors (Reuters.com) Stocks Mixed, Dollar Flat With Shutdown in Focus (Bloomberg.com) Palladium flows from west to east to meet industry demand (Reuters.com) METALS START THE WEEK ON[...]

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Gold ETF Assets Climb to Highest Since 2013

Gold and Silver Bullion - News and Commentary Gold ETF Assets Climb to Highest Since 2013 (Bloomberg.com) Gold firm as dollar sinks further (Reuters.com) Australia Is Cashing In on Gold ETFs (Bloomberg.com) South Korea now requires verified ID to trade cryptocurrencies[...]

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Central Bank Of Russia Adds A Record 223 Tons Of Gold In 2017

Gold and Silver Bullion - News and Commentary Gold steady on weak dollar; stocks surge as U.S. government shutdown ends (Reuters.com) Asian Stocks Reach Fresh Record High; Oil Climbs (Bloomberg.com) U.S. Stocks Gain as Senate Votes to End Shutdown (Bloomberg.com) Demand[...]

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