Published in Market Updates  Precious Metals Update 


Gold Research Again Proves Gold as “Risk Management Vehicle” and “Store of Wealth”

Gold is trading at USD 1,736.36, EUR 1,227.21, GBP 1,078.67, JPY 131,718, ZAR 13,432/oz and CHF 1,500.36 per ounce. 

Gold’s London AM fix this morning was USD 1,735.00, GBP 1,077.91 and EUR 1,224.50 per ounce. 

Yesterday’s AM fix was USD 1,708.00, GBP 1,067.83 and EUR 1,219.74 per ounce. 


Published in Market Updates  Precious Metals Update 


EU’s ‘Grand Plan’ Leads to More “Irrational Exuberance” and Prevents Contagion

Gold is trading at USD 1,722.10, EUR 1,228.20, GBP 1,076,  JPY 130,520 ,  AUD 1,622.40 and 10,955 CNY per ounce.

Gold’s London AM fix this morning was USD 1,708.00, GBP 1,067.83 and EUR 1,219.74 per ounce. 

Yesterday’s AM fix was USD 1,713.00, GBP 1,070.69 and EUR 1,229.54 per ounce.

Gold rose to a one month high of $1,728.70 immediately prior to the deal. It gradually fell as risk appetite returned to markets but has recovered some of the losses incurred going into the London AM Fix. Euro gold performed similarly. 


Published in Market Updates  Precious Metals Update 


Gold Breaks Out and Consolidates Above $1,700/oz – Financial Alchemy Risks Severe Inflation

Gold is trading at USD 1,708.20, EUR 1,230.11, GBP 1,071.37, JPY 129,700,  AUD 1,650 and CNY 10,864 per ounce.

Gold’s London AM fix this morning was USD 1,713.00, GBP 1,070.69 and EUR 1,229.54 per ounce. 

Yesterday’s AM fix was USD 1,656.25, GBP 1,036.19 and EUR 1,187.96 per ounce.


Published in Market Updates  Precious Metals Update 


Gartman: EU Debt Plan to Hurt Currencies - Buy Gold in USD, GBP and EUR as “Is a Currency”

Gold is trading at USD 1,662.10, EUR 1,191.70, GBP 1,038.50, JPY 126,592.0, AUD 1585 and CNY 10,572/oz.

Gold’s London AM fix this morning was USD 1,656.25, GBP 1,036.19 and EUR 1,187.96 per ounce. 

Yesterday’s AM fix was USD 1,651.00, GBP 1,035.56 and EUR 1,191.37 per ounce.

Cross Currency Table 


Published in Market Updates  Precious Metals Update 


FT's Tett Says "Foolish Simply to Deride or Ignore GATA" - GATA Debate CPM re Silver

Gold is trading at USD 1,653.80, EUR 1,196.10, GBP 1,038.40, JPY 125,832.0, AUD 1,594 and CNY 10,545 per ounce.

Gold’s London AM fix this morning was USD 1,651.00, GBP 1,035.56 and EUR 1,191.37 per ounce. 

Friday’s AM fix was USD 1,623.00, GBP 1,027.02 and EUR 1,178.14 per ounce.

Cross Currency Table 


Published in Market Updates  Precious Metals Update 


US Money Supply Surges Surges 33% in 4 Months – Global Money Supply to Lead to Gold $10,000/oz?

Gold is trading at USD 1,623.80, EUR 1,177.95, GBP 1,027.01, JPY 124,535.72, AUD 1587.39 and CNY 10,354 per ounce.

Gold’s London AM fix this morning was USD 1,623.00, GBP 1,027.02 and EUR 1178.14 per ounce. 

Yesterday’s AM fix was USD 1,629.00, GBP 1,033.24 and EUR 1,180.17 per ounce.


Published in Market Updates  Precious Metals Update 


Precious Metals to Replicate 1970s Performance on Institutional Allocations?

Gold is trading at USD 1,629.65, EUR 1,179.88, GBP 1,032.54, JPY 125,131.05, AUD 1,587.21, CHF 1,456.78 and CNY 10,564.

Gold’s London AM fix this morning was USD 1,629.00, GBP 1,033.24 and EUR 1,180.17 per ounce. 

Yesterday’s AM fix was USD 1,651, GBP 1,045.14 and EUR 1,192.74 per ounce.


Published in Market Updates  Precious Metals Update 


Gold Supported at 144 DMA and by Negative Real Interest Rates in US - Charts of Day

Gold is trading at USD 1,656.20, EUR 1,195.70, GBP 1,047.60, JPY 127,194, AUD 1,602.4, CHF 1,485.50 and CNY 10,564.

Gold’s London AM fix this morning was USD 1,651.00, GBP 1,045.14 and EUR 1,192.74 per ounce. 

Yesterday’s AM fix was USD 1,658.00, GBP 1,054.64 and EUR 1,211.19 per ounce.

Cross Currency Table


Published in Market Updates  Precious Metals Update 


UK Inflation Rises Again to 5.2% - Ultra Loose Monetary Policy May Lead to Stagflation

Gold is trading at USD 1,656.50, EUR 1,211.20, GBP 1,054.00, JPY 127,093.00, AUD 1,634.70 and CHF 1,494.10 per ounce.

Gold’s London AM fix this morning was USD 1,658.00, GBP 1,054.64 and EUR 1,211.19 per ounce. 

Yesterday’s AM fix was USD 1,689.00, GBP 1,069.33 and EUR 1,217.64 per ounce.


Published in Market Updates  Precious Metals Update 


Yuan Gold Trading in Hong Kong on 'Triple Demand' ‎- China Positioning CNY as Reserve Currency

Gold is trading at USD 1,686.70, EUR 1,218.80, GBP 1,069.29, JPY 130,327.94, AUD 1,634.84 and CHF 1,506.12 per ounce.

Gold’s London AM fix this morning was USD 1,689.00, GBP 1,069.33 and EUR 1,217.65 per ounce. 

Yesterday’s AM fix was USD 1,676.00, GBP 1,062.31 and EUR 1,214.31 per ounce.


Published in Market Updates  Precious Metals Update 


Gold to Top $2,000 on Central Bank Buying: Chart of the Day

Gold is trading at USD 1,675.30, EUR 1,214.20, GBP 1,062.30, JPY 129,036.00, AUD 1,634.90 and CHF 1,503.70 per ounce.

Gold’s London AM fix this morning was USD 1,676.00, GBP 1,062.31 and EUR 1,214.31 per ounce. 

Yesterday’s AM fix was USD 1,673.00, GBP 1,065.74 and EUR 1,218.05 per ounce.


Published in Market Updates  Precious Metals Update 


Global Money Supply and Currency Debasement Driving Gold Higher

Gold is trading at USD 1,670.40, EUR 1,216.90, GBP 1,063.81, JPY 128,555.00, AUD 1,643.34 and CHF 1,500.20 per ounce.

Gold’s London AM fix this morning was USD 1,673.00, GBP 1,065.74 and EUR 1,218.05 per ounce. 

Yesterday’s AM fix was USD 1,687.00, GBP 1,070.36 and EUR 1,222.02 per ounce.


Published in Market Updates  Precious Metals Update 


Geopolitical Risk in Middle East and China, Currency and Trade War Risk Supporting Gold

Gold is trading at USD 1,684.20, EUR 1,221.90, GBP 1,068.81, JPY 129,103.00, AUD 1,663.34 and CHF 1,509.80 per ounce.

Gold’s London AM fix this morning was USD 1,687.00, GBP 1,070.36 and EUR 1,222.02 per ounce.

Yesterday’s AM fix was USD 1,662.00, GBP 1,064.09 and EUR 1,222.96 per ounce.

Cross Currency Table


Published in Market Updates  Precious Metals Update 


Market Developments This Week Very Gold Bullish; Bears Focus on Price, Not Value

Gold is trading at USD 1,655.70, EUR 1,232.18, GBP 1,065.81, JPY 126,856.60, AUD 1,703.34 and CHF 1,523.38 per ounce.

Gold’s London AM fix this morning was USD 1,651.00, EUR 1,229.52, and GBP 1,063.10 per ounce. 

Yesterday’s AM fix was USD 1,649.50, EUR 1,234.19, and GBP 1,065.43 per ounce. 


Published in Market Updates  Precious Metals Update 


Gold Accepted as Collateral by LCH.Clearnet; ECB and BoE Likely to Keep Rates Ultra Loose

Gold is trading at USD 1,650.20, EUR 1,235.92, GBP 1,066.23, JPY 126,484.50, AUD 1,698.96 and CHF 1,524.98 per ounce.

Gold’s London AM fix this morning was USD 1,649.50, EUR 1,234.19, and GBP 1,065.43 per ounce.  Yesterday’s AM fix was USD 1,600, EUR 1,202.56, and GBP 1,035.40 per ounce.

Cross Currency Rates


Published in Market Updates  Precious Metals Update 


Goldman and BOA Maintain 12 Month Gold Forecasts of $1,860 & $2,000; “Tight Supply of Gold Bars” in Asia

Gold is 1.3% lower in US dollars and has fallen in all currencies today and is trading at USD 1,606.90, EUR 1,207/oz, GBP 1,039.50, JPY 122,637.90, AUD 1,672.28 and CHF 1,474.38 per ounce. 

Gold’s London AM fix this morning was USD 1,600, EUR 1,202.56, and GBP 1,035.40 per ounce. Yesterday’s AM fix was USD 1,672, EUR 1,267.05, and GBP 1,086.35 per ounce.


Published in Market Updates  Precious Metals Update 


Indian Silver Demand Leads to ‘Supply Issues’, Airline Capacity Stretched and Higher Premiums

Gold is 0.4% higher in US dollars and is trading at USD 1,665.10, EUR 1,263.00 , GBP 1,082.80, JPY 127,651, AUD 1,764.90 and CHF 1,534.90  per ounce. Gold’s London AM fix this morning was USD 1,672.00, EUR 1,267.05, and GBP 1,086.35 per ounce. Yesterday’s AM fix was USD 1,660.00, EUR 1,242.51, and GBP 1,068.07 per ounce.


Published in Market Updates  Precious Metals Update 


Gold Up as Equity Markets Fall on Greek Debt Debacle

Gold is trading at USD 1,657.22, EUR 1,240.43, GBP 1,066.97, JPY 124,422 AUD 1,718.40 and CHF 1,505.54 per ounce. 

Gold’s London AM fix this morning was USD 1,660.00, EUR 1,242.52,and GBP 1,068.07 per ounce. 

Yesterday’s AM fix was USD 1,629.00, EUR 1,204.26, and GBP 1,042.63 per ounce.