Gold News

As Gold Flows From West To East Singapore Emerges As Global Storage Hub

Today’s AM fix was USD 1,259.25, EUR 920.44 and GBP 757.40 per ounce. Yesterday’s AM fix was USD 1,244.25, EUR 912.88 and GBP 749.91 per ounce.   Gold fell $28.14 or 2.3% to $1,264.20/oz. Silver slipped 0.31 or 1.6% to $20.04/oz. Gold has edged higher again today and is set for its fifth consecutive weekly higher close which is bullish from a technical and momentum perspective. Gold is 5.5% higher year to date.

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China Reports Gold Reserves Unchanged Again at End 2013

Today’s AM fix was USD 1,244.25, EUR 912.88 and GBP 749.91 per ounce. Yesterday’s AM fix was USD 1,239.50, EUR 915.57 and GBP 749.67 per ounce.   Gold fell $5.81 or 0.4% to $1,235.80/oz. Silver slipped 0.12 or 0.6% to $19.73/oz. Gold prices rose today after the falls this week led to bargain hunting. Gold rose in price after CNBC reported that India's Congress President Sonia Gandhi has sought a lowering of import duty on gold.

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Singapore’s Gold Fix Plan Is Still in Process – SBMA

Today’s AM fix was USD 1,239.50, EUR 915.57 and GBP 749.67 per ounce. Yesterday’s AM fix was USD 1,247.75, EUR 922.01 and GBP 758.93 per ounce. Yesterday, gold fell $10.10 or 0.8% to $1,241.80/oz. Silver slipped 0.44 or 2.2% to $19.82/oz. Gold fell to its lowest level in a week today. Singapore Bullion Market Association (SBMA) Secretary Albert Cheng told Bloomberg overnight that  Singapore's gold fix plan is still in process. Singapore is positioning itself as Asia’s global precious metals hub.

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“I Am A Long-Term Consistent Buyer Of Gold …”

Today’s AM fix was USD 1,254.75, EUR 925.88 and GBP 763.32 per ounce. Friday’s AM fix was USD 1,241.00, EUR 912.63 and GBP 754.68 per ounce. Gold rose $10.02 or 0.8% Friday, closing at $1,252.11/oz. Silver rose $0.24 or 1.2% closing at $20.29/oz. Gold was up 0.5% for the week, its 4 consecutive weekly climb, in spite of a stronger dollar. This is positive from a technical and momentum perspective. For the week, silver rose 1.2 % to $20.29 an ounce. Today, the U.S. markets are closed for Martin Luther King Jr holiday.

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Seven Key Gold Charts – “Bull Market Ahead”

Today’s AM fix was USD 1,241.00, EUR 912.63 and GBP 754.68 per ounce. Yesterday’s AM fix was USD 1,237.25, EUR 908.61 and GBP 757.19 per ounce. Gold climbed $1.90 yesterday, closing at $1,240/oz. Silver slipped $0.12 closing at $20.10/oz. Gold bars (1 oz) premiums are between 4.75% and 5.5% and are trading at $1,309.36. Gold bars (1 kilo) premiums are between 3% and 3.5% and are trading at $41,301.81. Premiums are steady.

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COMEX Gold Stocks At Record Lows As SGE Volumes Surge 61%

Today’s AM fix was USD 1,237.25, EUR 908.61 and GBP 757.19 per ounce. Yesterday’s AM fix was USD 1,238.00, EUR 908.56 and GBP 753.91 per ounce. Gold fell $2.80 or 0.23% yesterday, closing at $1,240.60/oz. Silver slipped $0.04 or 0.2% closing at $20.15/oz. Gold prices are marginally lower again today in most currencies. Gold is more than 1% higher in Australian dollars after a very poor jobs number in Australia raised concerns about Australian asset bubbles and the Australian economy. The Aussie dollar has fallen by 4.4% against gold so far this year.

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Faber Favours Physical Gold, Silver and Platinum To Bitcoin

Today’s AM fix was USD 1,238.00, EUR 908.56 and GBP 753.91 per ounce. Yesterday’s AM fix was USD 1,248.75, EUR 913.10 and GBP 760.97 per ounce. Gold fell $11.40 or 0.91% yesterday, closing at $1,243.20/oz. Silver slipped $0.26 or 1.27% closing at $20.19/oz. Platinum rose to a two-month high of $1,446.75 yesterday on concern that industrial unrest at the world’s three biggest platinum producers will weigh on output in South Africa, the biggest producing country.

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Silver Coin Premiums Set To Climb On Reduced Supply

Today’s AM fix was USD 1,248.75, EUR 913.10 and GBP 760.97 per ounce. Yesterday’s AM fix was USD 1,246.00, EUR 911.89 and GBP 757.86 per ounce. Gold climbed $7.70 or 0.62% yesterday, closing at $1,254.80/oz. Silver rose $0.32 or 1.59% closing at $20.45/oz. Gold is marginally lower today but remains near its highest in a month. Safe haven buying has increased after a drop in equities globally due to concerns over the U.S. economy after a disappointing jobs report last week.

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Gold Coin And Bar Shortages Likely To Lead To Rationing

Today’s AM fix was USD 1,246.00, EUR 911.89 and GBP 757.86 per ounce. Friday’s AM fix was USD 1,232.25, EUR 906.53 and GBP 750.78 per ounce. Gold climbed $18.70 or 1.52% Friday, closing at $1,247.10/oz. Silver rose $0.56 or 2.86% closing at $20.13/oz. Platinum climbed 14.85, or 1.1%, to $1,428.10/oz and palladium rose $5.99 or 0.8%, to $739.10/oz. Gold was up 0.87% and silver was down 0.15% for the week.

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“Price Of Gold Crashes” – Diversify And Buy Gold For Long Term

Today’s AM fix was USD 1,232.25, EUR 906.53 and GBP 750.78 per ounce. Yesterday’s AM fix was USD 1,226.00, EUR 900.61 and GBP 744.97 per ounce. Gold climbed $3.50 or 0.29% yesterday, closing at $1,228.40/oz. Silver rose $0.01 or 0.05% closing at $19.57/oz. Platinum inched down $0.25 to $1,413.75/oz and palladium fell $0.25 to $733.25/oz. Gold is slightly higher today in all major currencies and up nearly 1% in sterling after the UK’s industrial and manufacturing production number was much worse than expected.

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Major Nations Have Debts At 200 Year Highs

Today’s AM fix was USD 1,238.00, EUR 909.56 and GBP 756.54 per ounce. Friday’s AM fix was USD 1,232.25, EUR 903.01 and GBP 748.45 per ounce. Gold rose $12.10 or 0.99% Friday, closing at $1,236.40/oz. Silver edged up $0.19 or 0.95% closing at $20.16/oz. Platinum climbed $6.24, or 0.4%, to $1,406.74/oz and palladium fell $0.53 or 0.1%, to $725.72/oz. Gold and silver were both up on the week at 1.83% and 0.63%.

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Gold Down 28% In 2013 Despite “Skyrocketing Demand” – Perth Mint Sales Surge 41%

Today’s AM fix was USD 1219.75, EUR 888.84 and GBP 737.05 per ounce. Tuesday’s (12/31/13) AM fix was USD 1201.50, EUR 872.55 and GBP 726.99 per ounce. Gold and silver prices surged higher today in the opening hours of trade in 2014. Gold rose 1.8% to $1,220/oz and silver surged over 3% to $20.02/oz. Gold fell 28% in 2013, while silver recorded a 36% decline. It was gold’s first annual drop since 2000 and gold and silver’s worst performance since 1981 and 1984 respectively.

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Bloomberg: How to Keep Banks From Rigging Gold Prices

Today’s AM fix was USD 1192.75, EUR 871.957 and GBP 729.466 per ounce. Friday’s AM fix was USD 1,195.00, EUR 875.33 and GBP 731.69 per ounce. Gold rose 0.85% and silver rose 0.74% on Friday. Gold made gains Friday but still finished the week 2.8% lower. Gold fell back below $1,200 an ounce today as technical selling and year end book squaring led to price falls.

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Gold Tests Support At $1,200 As Fed Tinkers With Tiny Taper

Today’s AM fix was USD 1,205.25, EUR 881.16 and GBP 736.35 per ounce. Yesterday’s AM fix was USD 1,233.25, EUR 896.97 and GBP 754.05 per ounce. Gold fell $12.20 or 0.99% yesterday, closing at $1,218.50/oz. Silver slid $0.11 or 055% closing at $19.79/oz. Platinum dropped $10.99, or 0.8%, to $1,334.74 /oz and palladium edged down $1.28 or 0.2%, to $695.97/oz.

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