GoldCore Precious Metals Market Update

Gold
Gold traded as high as $931 overnight, influenced by the euro, which strengthened on the back of better than expected German manufacturing orders. The rally was short lived however, the market has resumed its summer range and is currently trading at $920. In the UK the Halifax House Price Index showed a small decline for June, contradicting other indices that showed house prices rising. In the US the Commodity Futures Trading Commission is considering tougher regulation to curb speculative investing on the oil futures market. These attempts have been given political backing in Europe by both French & UK political leaders Sarkozy & Brown.

Silver
Silver is currently trading at $13.07.

PGMs
Platinum is trading at $1,109 and rhodium at $1,285.

Mark OByrne

Also on news-goldcore-com

Videos

Patrick Karim, Charts and Gold’s Next Breakout

Gold Down $100? This Really Shouldn’t Be A Surprise

Expect $2,500 – $3,000 Gold In Next 12 Months

Blog posts

Gold, a seasonal rally and the future of money

Happy Thanksgiving to all of our readers. For anyone celebrating we hope you have a wonderful day and we thank you for your support this past year.  Big news this week – gold hit $2,030 in intra-day trading on Tue, it didn’t hang on but it did close the day with a hefty $20 gain […]

READ MORE

Gold Pops as Credit Crunch Looms

The double figure pop up in gold on Tuesday was more to do with weakening of the US dollar, than rampant gold demand itself. The significant drop in the fiat currency was largely thanks to the release of October’s CPI report. Echoing that of the previous month, the report showed weaker growth and lower than […]

READ MORE

Patrick Karim, Charts and Gold’s Next Breakout

I have heard it said that technical analysis is “Astrology for Men”, the inference being that it’s got about as much use as arguing something will happen to the markets because the stars say it will.  Keen to dispel this myth, I decided to chat with chart expert Patrick Karim so we could explain exactly […]

READ MORE

Featured

The King and Queen will be Gold and Silver

READ MORE
Newsletter
Category
Archives
Popular

No posts available

Videos

Patrick Karim, Charts and Gold’s Next Breakout

Gold Down $100? This Really Shouldn’t Be A Surprise

Expect $2,500 – $3,000 Gold In Next 12 Months

Blog posts

Gold, a seasonal rally and the future of money

Happy Thanksgiving to all of our readers. For anyone celebrating we hope you have a wonderful day and we thank you for your support this past year.  Big news this week – gold hit $2,030 in intra-day trading on Tue, it didn’t hang on but it did close the day with a hefty $20 gain […]

READ MORE

Gold Pops as Credit Crunch Looms

The double figure pop up in gold on Tuesday was more to do with weakening of the US dollar, than rampant gold demand itself. The significant drop in the fiat currency was largely thanks to the release of October’s CPI report. Echoing that of the previous month, the report showed weaker growth and lower than […]

READ MORE

Patrick Karim, Charts and Gold’s Next Breakout

I have heard it said that technical analysis is “Astrology for Men”, the inference being that it’s got about as much use as arguing something will happen to the markets because the stars say it will.  Keen to dispel this myth, I decided to chat with chart expert Patrick Karim so we could explain exactly […]

READ MORE

Featured

The King and Queen will be Gold and Silver

READ MORE