Published in Market Update  Precious Metals Update 


Europeans Storing Gold in Switzerland On Concerns About Inflation and Systemic Risk

Today's AM fix was USD 1,569.50, EUR 1,248.01, and GBP 1,006.09 per ounce. Yesterday’s AM fix was USD 1,567.75, EUR 1,261.47, and GBP 1,008.98 per ounce.

Silver is trading at $27.26/oz, €21.25/oz and £17.54/oz. Platinum is trading at $1,420.25/oz, palladium at $576.20/oz and rhodium at $1,190/oz.

Gold fell $17.70 or 1.12% in New York yesterday and closed at $1,557.00/oz. Gold climbed over 1% overnight in Asia and maintained those gains in European trading.


Published in Market Update  Precious Metals Update 


Gold Bullion Coin - 1 Tonne Australian Kangaroo - Enters Guinness Book of Records

Today's AM fix was USD 1,567.75, EUR 1,261.47, and GBP 1,008.98 per ounce. Yesterday’s AM fix was USD 1,567.50, EUR 1,255.31, and GBP 1,003.39 per ounce.


Published in Market Update  Precious Metals Update 


Gold Bides Time As ‘Risk Free’ German Debt Downgraded On “Exposure to Eurozone”

Today's AM fix was USD 1,567.50, EUR 1,255.31, and GBP 1,003.39 per ounce. Yesterday’s AM fix was USD 1,583.25, EUR 1,267.41, and GBP 1,013.73 per ounce.

Silver is trading at $26.85/oz, €21.59/oz and £17.87/oz. Platinum is trading at $1,416.00/oz, palladium at $580.00/oz and rhodium at $1,190/oz.

Gold fell $11.90 or 0.9% and closed at $1,573.75/oz yesterday. Gold initially rose prior to gradual easing and that selling pressure increased soon after the open in Europe. Long term support is at $1,530/oz and resistance is at $1,640/oz.


Published in Market Update  Precious Metals Update 


Turkey, Russia, Ukraine and Kazakhstan Further Diversify Into Gold

Today's AM fix was USD 1,583.25, EUR 1,267.41, and GBP 1,013.73 per ounce. Yesterday’s AM fix was USD 1,569.00, EUR 1,256.41, and GBP 1,009.00 per ounce.


Published in Commentary  Gold  Gold  silver 


Physical Gold (Via Mat, Perth Mint, Possession) and Paper Gold (Futures, Pool / Some Unallocated Accounts etc)

Our Market Update on Friday led to queries regarding the nature of "paper gold". 

The important difference between actual physical gold and paper gold is something we have addressed frequently since 2003.


Published in Market Updates  Precious Metals Update 


US Dollar, Euro (DM before 1999), Yen and Sterling Depreciation Against Gold Since 1900

Today's AM fix was USD 1,569.00, EUR 1,256.406 and GBP 1,009.0 per ounce. Friday’s AM fix was USD1,570.50, EUR 1,251.79 and GBP 1,005.70 per ounce.


Published in Market Update  Precious Metals Update 


Central Bank Gold Manipulation “Steady As Ever” - Avoid “Paper Gold”

Today's AM fix was USD 1,571.50, EUR 1,251.79, and GBP 1,005.70 per ounce. Yesterday’s AM fix was USD 1,600.00, EUR 1,261.43, and GBP 1,017.17 per ounce.


Published in Market Update  Precious Metals Update 


Russia Buys 0.5 Million Ounces and Bank of Korea “Needs To Buy More” Gold

Today's AM fix was USD 1,600.00, EUR 1,261.43, and GBP 1,017.17 per ounce. Yesterday’s AM fix was USD 1,618.75, EUR 1,274.81, and GBP 1,029.41 per ounce.

Silver is trading at $28.03/oz, €22.17/oz and £17.91/oz. Platinum is trading at $1,466.00/oz, palladium at $618.60/oz and rhodium at $1,215/oz.

Gold fell $13.80 or 0.82% yesterday in New York and closed at $1,606.40/oz. Gold fell further in Asia and in early European trading prior to recovering back to the $1,600/oz level.


Published in Market Update  Precious Metals Update 


Gold To Repeat July/ August 2011 Gain Of Over 27 Per Cent?

Today's AM fix was USD 1,618.75, EUR 1,274.81, and GBP 1,029.41 per ounce. Yesterday’s AM fix was USD 1,628.50, EUR 1,291.74, and GBP 1,040.31 per ounce.

Silver is trading at $28.43/oz, €22.46/oz and £18.13/oz. Platinum is trading at $1,480.75/oz, palladium at $624.30/oz and rhodium at $1,215/oz.

Gold dropped $7.80 or 0.48% yesterday in New York and closed at $1,619.60/oz. Gold traded flat to slightly higher in Asia prior to dipping in European trade after the London Am Fix.


Published in Market Update  Precious Metals Update 


Gold More Than 50% Below Real Record High Of 32 Years Ago

Today's AM fix was USD 1,628.50, EUR 1,291.74, and GBP 1,040.31 per ounce. Yesterday’s AM fix was USD 1,623.50, EUR 1,284.52, and GBP 1,035.20 per ounce.


Published in Market Update  Precious Metals Update 


Gold Falls Then Ticks Higher – Spain and Italy 10 Year Over 7% and 6%

Today's AM fix was USD 1,623.50, EUR 1,284.52, and GBP 1,035.20 per ounce. Friday’s AM fix was USD 1,619.00, EUR 1,289.83, and GBP 1,044.65 per ounce.


Published in Market Update  Precious Metals Update 


Gold Will Be Top Performer in 2012 - UBS Poll Of 8 Trillion USD Official Sector

Today's AM fix was USD 1,622.25, EUR 1,284.44, and GBP1,043.58 per ounce. Yesterday’s AM fix was USD 1,619.00, EUR 1,289.83, and GBP 1,044.65 per ounce.

Silver is trading at $28.80/oz, €22.92/oz and £18.59/oz. Platinum is trading at $1,498.70/oz, palladium at $633.52/oz and rhodium at $1,215/oz.

Gold edged up $5.50 or 0.34% yesterday in New York and closed at $1,624.30/oz.  Gold traded sideways in Asia and is remaining in a narrow range holding above $1,620/oz in European trading.


Published in Market Update  Precious Metals Update 


Anthony Robbins Bullish On Gold - Faber and Bass His Financial Gurus

Today's AM fix was USD 1,619.00, EUR 1,289.83, and GBP 1,044.65 per ounce. Yesterday’s AM fix was USD 1,612.75, EUR 1,286.19, and GBP 1,034.94 per ounce.


Published in Market Update  Precious Metals Update 


Gold To Protect As Bank ‘Holidays’, ATM and Deposit Withdrawal Restrictions and Capital Controls Loom

Today's AM fix was USD 1,612.75, EUR 1,286.19, and GBP 1,034.94 per ounce. Yesterday’s AM fix was USD 1,589.25, EUR 1,271.40, and GBP 1,025.65 per ounce.

Silver is trading at $28.90/oz, €23.16/oz and £18.65/oz. Platinum is trading at $1,455.20/oz, palladium at $617.60/oz and rhodium at $1,200/oz.

Gold rose $11.40 or 0.71% yesterday in New York and closed at $1,611.60/oz.  Gold started out trading sideways in Asia and then edged up in early European trading.  


Published in Market Update  Precious Metals Update 


Gold Deposits Of USD 1 Billion To Be Collected By Turkish Bank

Today's AM fix was USD 1,589.25, EUR 1,271.40, and GBP 1,025.65 per ounce. Yesterday’s AM fix was USD 1,593.00, EUR 1,264.79, and GBP 1,023.45 per ounce.


Published in Market Update  Precious Metals Update 


EU Leaders Hail Sticking Plaster ‘Rescue’ As Victory

Today's AM fix was USD 1,593.00, EUR 1,264.79, and GBP 1,023.45 per ounce. Friday’s AM fix was USD 1,576.00, EUR 1,264.34, and GBP 1,021.72 per ounce.

Silver is trading at $28.67/oz, €22.92/oz and £18.52/oz. Platinum is trading at $1,448.00/oz, palladium at $618.00/oz and rhodium at $1,200/oz.


Published in Market Update  Precious Metals Update 


‘The End Is Not Near, It Is Here and Now’ – Gold Legend Jim Sinclair

Today's AM fix was USD 1,576.00, EUR 1,264.34, and GBP 1,021.72 per ounce. Yesterday’s AM fix was USD 1,620.75, EUR 1,288.66, and GBP 1,046.25 per ounce.


Published in Market Update  Precious Metals Update 


Silver Surged 3% - ECB At 1%, Dovish Fed Comments and 'Helicopter Ben' Testimony

Today's AM fix was USD 1,620.75, EUR 1,288.66, and GBP 1,046.25 per ounce. Yesterday’s AM fix was USD 1,633.25, EUR 1,305.45, and GBP 1,057.33 per ounce.

Silver is trading at $29.51/oz, €23.55/oz and £19.04/oz. Platinum is trading at $1,470.00/oz, palladium at $626.00/oz and rhodium at $1,200/oz.

Gold rose 1% yesterday prior to giving up those gains and rising just $1.20 in New York and closed at $1,619.60/oz.  Gold has been trading sideways in Asia and continues in Europe hovering above $1,620/oz. 


Published in Market Update  Precious Metals Update 


ECB Keeps Rates At 1% - Gold Record High In Indian Rupees

 

Today's AM fix was USD 1,633.25, EUR 1,305.45, and GBP 1,057.33 per ounce. Friday’s PM fix was USD 1,606.00, EUR 1,292.76, and GBP 1,041.76 per ounce.

Silver is trading at $29.35/oz, €23.57/oz and £19.03/oz. Platinum is trading at $1,469.00/oz, palladium at $622.00/oz and rhodium at $1,200/oz.

The ECB has left its benchmark refi rate at 1.0% as expected. The deposit rates remains at 0.25 pct and the marginal lending rate at 1.75 pct and are thus both unchanged. 


Published in Market Update  Precious Metals Update 


Iran Gold Imports Surge - 1.2 Billion USD Of Precious Metals From Turkey in April Alone

Friday's AM fix was USD 1,552.50, EUR 1,259.53, and GBP 1,015.37 per ounce. Friday’s PM fix was USD 1,606.00, EUR 1,292.76, and GBP 1,041.76 per ounce. Today is a holiday in the UK and the London bullion market is closed.

Silver is trading at $28.35/oz, €22.92/oz and £18.55/oz. Platinum is trading at $1,444.50/oz, palladium at $609.90/oz and rhodium at $1,200/oz.