Published in Market Update  Precious Metals Update 


Funds Cut Positions in Gold By 4% and Silver By 20% - Gold Positions at 3 Year Low

Gold’s London AM fix this morning was USD 1,662.50, EUR 1,256.61, and GBP 1,021.44 per ounce. Friday's AM fix was USD 1,654.00, EUR 1,250.28 and GBP 1,019.60 per ounce.

Silver is trading at $31.24/oz, €23.73/oz and £19.29/oz. Platinum is trading at $1,577.75/oz, palladium at $680.30/oz and rhodium at $1,350/oz.

Gold rose $4.70 or 0.28% in New York on Friday and closed at $1,662.30/oz leading to a 1.24% gain for the week.


Published in Market Update  Precious Metals Update 


Gold “Buying Opportunity” - Gold Analysts More Bullish On Central Bank Demand

Gold’s London AM fix this morning was USD 1,654.00, EUR 1,250.28, and GBP 1,019.60 per ounce. Yesterday's AM fix was USD 1,648.25, EUR 1,246.22 and GBP 1,017.88 per ounce.

Silver is trading at $30.16/oz, €23.65/oz and £19.29/oz. Platinum is trading at $1,576.25/oz, palladium at $658.75/oz and rhodium at $1,350/oz.

Gold rose $13.80.60 or 0.84% in New York yesterday and closed at $1,657.60/oz. Gold traded initially sideways in Asia then it dipped downward and recovered  in early European trading.


Published in Market Update  Precious Metals Update 


Gold “Bargain of Lifetime” As Gold Standard Inevitable, Possibly Within Year - $10,000/oz Looms

Gold’s London AM fix this morning was USD 1,648.25, EUR 1,246.22, and GBP 1,017.88 per ounce. Yesterday's AM fix was USD 1,641.25, EUR 1,241.49 and GBP 1,019.54 per ounce.

Silver is trading at $30.85/oz, €23.45/oz and £19.14/oz. Platinum is trading at $1,563.00/oz, palladium at $658.75/oz and rhodium at $1,350/oz.

After moves down and then up, gold finished $2.60 or 0.16% higher in New York yesterday and closed at $1,643.80/oz. Gold fell some $10 as the FOMC meeting commenced prior to going positive. 


Published in Market Update  Precious Metals Update 


Goldman Sachs Gold ETF in India Sees 11 Fold Surge in Volume

Gold’s London AM fix this morning was USD 1,641.25, EUR 1,241.49, and GBP 1,019.54 per ounce. Yesterday's AM fix was USD 1,638.75, EUR 1,244.68and GBP 1,014.83 per ounce.

Silver is trading at $30.94/oz, €23.41/oz and £19.21/oz. Platinum is trading at $1,551.00/oz, palladium at $669.30/oz and rhodium at $1,350/oz.

Gold rose $3.00 or 0.18% in New York yesterday and closed at $1,641.20/oz. Gold traded sideways in Asia and then ticked higher in European trading prior to seeing some weakness.


Published in Market Update  Precious Metals Update 


Russia and Mexico Both Buy Nearly $1 Billion Worth of Gold in March

Gold’s London AM fix this morning was USD 1,638.75, EUR 1,244.68, and GBP 1,014.83 per ounce. Yesterday's AM fix was USD 1,632.00, EUR 1,240.97 and GBP 1,014.42 per ounce.


Published in Market Update  Precious Metals Update 


Gold Prices Hover, Trading Sluggish Ahead of Fed Meeting

Gold’s London AM fix this morning was USD 1,632.00, EUR 1,240.97, and GBP 1,014.42 per ounce. Friday's AM fix was USD 1,640.00, EUR 1,246.30 and GBP 1,018.25 per ounce.

Silver is trading at $31.29/oz, €23.80/oz and £19.43/oz. Platinum is trading at $1,564.50/oz, palladium at $664/oz and rhodium at $1,350/oz.

Gold gained $1.20 or 0.07% in New York and closed at $1,642.00/oz on Friday. Gold initially traded sideways in Asia and then took a dip downward to $1,631.37. A slight bounce now shows gold near $1,632.69 in European trading. 


Published in Market Update  Precious Metals Update 


Silver Seen Over $40/oz in 2012 – Store of Value Remains Undervalued

Gold’s London AM fix this morning was USD 1,640.00, EUR 1,246.30, and GBP 1,018.25 per ounce. Yesterday's AM fix was USD 1,642.00, EUR 1,249.91 and GBP 1,022.73 per ounce.

Silver is trading at $31.78/oz, €24.10/oz and £19.73/oz. Platinum is trading at $1,578.00/oz, palladium at $659.90/oz and rhodium at $1,350/oz.


Published in Market Update  Precious Metals Update 


Gold Still a Long Term Hedge and Less Volatile than Equities - WGC

Gold’s London AM fix this morning was USD 1,642.00, EUR 1,249.91, and GBP 1,022.73 per ounce. Friday's AM fix was USD 1,646.50, EUR 1,258.41and GBP 1,030.80 per ounce.

Silver is trading at $31.57/oz, €24.06/oz and £19.69/oz. Platinum is trading at $1,582.50/oz, palladium at $657.20/oz and rhodium at $1,350/oz.


Published in Market Update  Precious Metals Update 


Central Banks Favour Gold as IMF Warns of “Collapse of Euro” and “Full Blown Panic in Financial Markets”

Gold’s London AM fix this morning was USD 1,646.50, EUR 1,258.41, and GBP 1,030.80 per ounce. Friday's AM fix was USD 1,652.00, EUR 1,255.51 and GBP 1,035.54 per ounce.


Published in Market Update  Precious Metals Update 


US Editor of The Economist: “Paper Dollar” and “Paper Euro” Will “Debase” in a “Big Way”

Gold’s London AM fix this morning was USD 1,652.00, EUR 1,255.51, and GBP 1,035.54 per ounce. Friday's AM fix was USD 1,648.25, EUR 1,266.03 and GBP 1,040.69 per ounce.

Silver is trading at $31.72/oz, €24.15/oz and £19.88/oz. Platinum is trading at $1,568.68/oz, palladium at $650.20/oz and rhodium at $1,350/oz.


Published in Market Update  Precious Metals Update 


Gold Consolidating Over €1,200/oz As Spanish 10 Year Hits 6.15%

Gold’s London AM fix this morning was USD 1,648.25, EUR 1,266.03, and GBP 1,040.69 per ounce. Friday's AM fix was USD 1,670.50, EUR 1,269.86 and GBP 1,048.91 per ounce.

Silver is trading at $31.48/oz, €24.16/oz and £19.87/oz. Platinum is trading at $1,571.50/oz, palladium at $638/oz and rhodium at $1,350/oz. 


Published in Market Update  Precious Metals Update 


Gold To Repeat April, May and Q2 / Q3 2011 Gains in 2012?

Gold’s London AM fix this morning was USD 1,670.50, EUR 1,269.86, and GBP 1,048.91 per ounce. Yesterday's AM fix was USD 1,655.50, EUR 1,261.33 and GBP 1,039.04 per ounce.

Silver is trading at $32.39/oz, €24.53/oz and £20.27/oz. Platinum is trading at $1,597.50/oz, palladium at $644/oz and rhodium at $1,350/oz. 


Published in Market Update  Precious Metals Update 


IMF: Gold Is Scarce “Safe Asset” And “Growing Shortage of Safe Assets”

 

Gold’s London AM fix this morning was USD 1,655.50, EUR 1,261.33, and GBP 1,039.04 per ounce. Yesterday's AM fix was USD 1,654.00, EUR 1,261.63 and GBP 1,040.25 per ounce.

Silver is trading at $31.56/oz, €24.01/oz and £19.78/oz. Platinum is trading at $1,583.75/oz, palladium at $637.50/oz and rhodium at $1,350/oz. 


Published in Market Update  Precious Metals Update 


Chinese Gold Imports From Hong Kong Rise Nearly 13 Fold – PBOC Likely Buying Dip Again

Gold’s London AM fix this morning was USD 1,654.00, EUR 1,261.63, and GBP 1,040.25 per ounce. Yesterday's AM fix was USD 1,643.75, EUR 1,255.92 and GBP 1,037.72 per ounce.

Silver is trading at $31.66/oz, €24.08/oz and £19.87/oz. Platinum is trading at $1,591.50/oz, palladium at $636.30/oz and rhodium at $1,350/oz. 


Published in Market Update  Precious Metals Update 


Japan Keeps Interest Rates Below 0.1% - Further Debasing Japanese Yen

Gold’s London AM fix this morning was USD 1,643.75, EUR 1,255.92, and GBP 1,037.72 per ounce. Thursday's AM fix was USD 1,622.50, EUR 1,239.21 and GBP 1,022.82 per ounce.

Silver is trading at $31.58/oz, €24.15/oz and £19.95/oz. Platinum is trading at $1,605.00/oz, palladium at $636.20/oz and rhodium at $1,350/oz. 


Published in Market Update  Precious Metals Update 


Jim Rogers “I Will Buy More” Gold – Still Long Term Bullish

Gold’s London AM fix this morning was USD 1,622.50, EUR 1,239.21, and GBP 1,022.82 per ounce. Yesterday's AM fix was USD 1,631.75, EUR 1,239.65 and GBP 1,027.75 per ounce.

Silver is trading at $31.36/oz, €24.00/oz and £19.80/oz. Platinum is trading at $1,595.75/oz, palladium at $635.80/oz and rhodium at $1,350/oz. 


Published in Market Update  Precious Metals Update 


Gold Down 2% On FOMC Minutes – Fundamental Support From Negative Real Interest Rates

Gold’s London AM fix this morning was USD 1,631.75, EUR 1,239.65, and GBP 1,027.75 per ounce. Yesterday's AM fix was USD 1,674.75, EUR 1,254.03 and GBP 1,044.17 per ounce.

Silver is trading at $32.01/oz, €24.31/oz and £20.16/oz. Platinum is trading at $1,622.20/oz, palladium at $640/oz and rhodium at $1,350/oz. 


Published in Market Update  Precious Metals Update 


Gold Coins (US Mint) In Q1 2012 Show "No Hysteria and No Bubble"

Gold’s London AM fix this morning was USD 1,674.75, EUR 1,254.03, and GBP 1,044.17 per ounce. Yesterday's AM fix was USD 1,664.00, EUR 1,246.16 and GBP 1,037.54 per ounce.

Silver is trading at $32.95/oz, €24.70/oz and £20.58/oz. Platinum is trading at $1,657.25/oz, palladium at $655/oz and rhodium at $1,350/oz. 


Published in Market Update  Precious Metals Update 


BRICs Bank To Rival World Bank and IMF and Challenge Dollar Dominance

Gold’s London AM fix this morning was USD 1,664.00, EUR 1,246.16, and GBP 1,037.54 per ounce. Friday's AM fix was USD 1,655.75, EUR 1,245.86 and GBP 1,041.22 per ounce.

Silver is trading at $32.41/oz, €24.29/oz and £20.21/oz. Platinum is trading at $1,634.50/oz, palladium at $651.96/oz and rhodium at $1,350/oz.