Published in Market Update  Precious Metals Update 


Draghi Set to Unleash SMP Program While Market Awaits Fed

Today's AM fix was USD 1,622.75, EUR 1,323.29, and GBP 1,034.46 per ounce. Yesterday’s AM fix was USD 1,616.50, EUR 1,317.87 and GBP 1,029.75 per ounce.

Silver is trading at $28.21/oz, €23.06/oz and £18.06/oz. Platinum is trading at $1,429.20/oz, palladium at $585.80/oz and rhodium at $1,100/oz.

Gold fell $1.30 or 0.08% in New York yesterday and closed at $1,622.10/oz. Silver pulled back to $27.53 in Asia, but then it hit a high of $28.23 in New York and ended with a gain of 1.55%.


Published in Market Update  Precious Metals Update 


Gold Sentiment Increasingly Positive - Market Looks for Signal This Week

Today's AM fix was USD 1,616.50, EUR 1,317.87, and GBP 1,029.75 per ounce. Friday’s AM fix was USD 1,618.75, EUR 1,321.43 and GBP 1,031.51 per ounce.

Silver is trading at $27.66/oz, €22.65/oz and £17.68/oz. Platinum is trading at $1,409.50/oz, palladium at $571.15/oz and rhodium at $1,125/oz.

Gold climbed $7.80 or 0.48% in New York on Friday and closed at $1,623.40/oz. Silver rose to a high of $27.839, edged off a few times, and ended with a gain of 0.98%.


Published in Market Update  Precious Metals Update 


Will US GDP Numbers Lead to QE3?

Today's AM fix was USD 1,618.75, EUR 1,321.43, and GBP 1,031.51 per ounce. Yesterday’s AM fix was USD 1,603.00, EUR 1,321.74and GBP 1,034.26 per ounce.

Silver is trading at $27.79/oz, €22.65/oz and £17.74/oz. Platinum is trading at $1,420.70/oz, palladium at $571.75/oz and rhodium at $1,150/oz.

Gold rose $11.10 or 0.69% in New York yesterday and closed at $1,615.60/oz. Silver climbed to a high of $27.815 and ended with a gain of 0.55%.


Published in Market Update  Precious Metals Update 


Gold’s Rally Short Term? Long Term Outlook Bullish

Today's AM fix was USD 1,603.00, EUR 1,321.74, and GBP 1,034.26 per ounce. Yesterday’s AM fix was USD 1,587.50, EUR 1,309.39 and GBP 1,024.86 per ounce.

Silver is trading at $27.79/oz, €22.77/oz and £17.89/oz. Platinum is trading at $1,416.00/oz, palladium at $570.75/oz and rhodium at $1,150/oz.

Gold climbed $22.20 or 1.04% in New York yesterday and closed at $1,604.50/oz. The silver price hit a high of $27.559 and finished the day with a gain of 1.3%.


Published in Market Update  Precious Metals Update 


Will the European Stability Mechanism Seek a Banking License?

Today's AM fix was USD 1,587.50, EUR 1,309.39, and GBP 1,024.86 per ounce. Yesterday’s AM fix was USD 1,573.00, EUR 1,300.54 and GBP 1,015.23 per ounce.

Silver is trading at $27.13/oz, €22.42/oz and £17.56/oz. Platinum is trading at $1,397.50/oz, palladium at $564.63/oz and rhodium at $1,150/oz.


Published in Market Update  Precious Metals Update 


Gold Has Good Long Term Support From Ichimoku Technicals

Today's AM fix was USD 1,573.00, EUR 1,300.54, and GBP 1,015.23 per ounce. Yesterday’s AM fix was USD 1,571.50, EUR 1,298.12 and GBP 1,011.91 per ounce.

Silver is trading at $26.98/oz, €22.40/oz and £17.46/oz. Platinum is trading at $1,398.50/oz, palladium at $563.60/oz and rhodium at $1,190/oz.

Gold fell $6.70 or 0.42% in New York yesterday and closed at $1,577.20/oz. Gold traded sideways in a very tight range (1,572.20 - 1,578.27/oz) in Asia remains in this range after the open in Europe.


Published in Market Update  Precious Metals Update 


Spain the Latest Domino to Fall Into the Eurozone Bailouts?

Today's AM fix was USD 1,571.50, EUR 1,298.12, and GBP 1,011.91 per ounce. Friday’s AM fix was USD 1,583.00, EUR 1,291.30and GBP 1,007.83 per ounce.


Published in Market Update  Precious Metals Update 


Gold Q2, 2012 - Investment Statistics and Commentary

Today's AM fix was USD 1,583.00, EUR 1,291.30, and GBP 1,007.83 per ounce. Yesterday’s AM fix was USD 1,580.00, EUR 1,287.06 and GBP 1,009.33 per ounce.

Silver is trading at $27.07/oz, €22.22/oz and £17.32/oz. Platinum is trading at $1,418.25/oz, palladium at $577.80/oz and rhodium at $1,190/oz.

Gold rose $3.70 or 0.23% in New York yesterday and closed at $1,581.00/oz. It rose as high as $1,590/oz prior to determined selling which saw gold fall. Gold ticked higher in Asia prior to falling soon after the European open.


Published in Market Update  Precious Metals Update 


China Aims To Be "Major Gold Trading Center" With Interbank Gold Trading

Today's AM fix was USD 1,580.00, EUR 1,287.06, and GBP 1,009.33 per ounce. Yesterday’s AM fix was USD 1,579.50, EUR 1,288.65 and GBP 1,012.57 per ounce.


Published in Market Update  Precious Metals Update 


'Game Changer' For UK Financial Advice - New Regulation Favours Commission Free Gold

Today's AM fix was USD 1,579.50, EUR 1,288.65, and GBP 1,012.57 per ounce. Yesterday’s AM fix was USD 1,595.00, EUR 1,296.85 and GBP 1,020.47 per ounce.

Silver is trading at $27.09/oz, €22.23/oz and £17.43/oz. Platinum is trading at $1,415.75/oz, palladium at $574.18/oz and rhodium at $1,190/oz.


Published in Market Update  Precious Metals Update 


Marc Faber Says “Gold Is Oversold Near Term”

Today's AM fix was USD 1,595.00, EUR 1,296.85, and GBP 1,020.47 per ounce. Yesterday’s AM fix was USD 1,584.00, EUR 1,300.17 and GBP 1,020.68 per ounce.

Silver is trading at $27.36/oz, €22.38/oz and £17.59/oz. Platinum is trading at $1,423.00/oz, palladium at $580.40/oz and rhodium at $1,190/oz.

Gold rose $1.50 or 0.09% in New York yesterday and closed at $1,589.50/oz. Gold rose and fell in Asia and recovered for the open in European trading prior to further weakness (lows $1,590/oz & high $1,599/oz).


Published in Market Updates  Precious Metals Update 


Gold Swap Dealers Go Net Long For Only Third Time

Today's AM fix was USD 1584.00, EUR 1300.17 and GBP 1020.68 per ounce. Friday’s AM fix was USD 1579.00, EUR 1294.05 and GBP 1022.34 per ounce.

Gold rose by $16.30 or 1.2% in New York on Friday to end the week 0.8% higher at $1,588/oz. Silver rose 8 cents to close at $27.25/oz – a gain of 0.52% on the week.


Published in Market Updates  Precious Metals Update 


'Peak Gold' - Gold Production Collapse Continues In South Africa

Today's AM fix was USD 1579.00, EUR 1294.05 and GBP 1022.34 per ounce. Yesterday’s AM fix was USD 1565.50, EUR 1281.10 and GBP 1011.96 per ounce.

Gold fell by 0.3% in New York yesterday and closed down $4.90 to $1,571.70/oz. After a sharp drop and equally sharp bounce higher, silver rose 0.3% or 8 cents to close at $27.17/oz


Published in Market Updates  Precious Metals Update 


Today Is Best Day to Buy Gold - Thackray's 2012 Investor's Guide

Today's AM fix was USD 1565.50, EUR 1281.10 and GBP 1011.96 per ounce. Yesterday’s AM fix was USD 1576.50, EUR 1284 and GBP 1012.91 per ounce.

Gold rose by 0.5% in New York yesterday and closed up $8.20 to $1,576.60/oz. Silver rose 0.93% or 25 cents to close at $27.09/oz.

Gold gradually ticked lower in Asian trading and has seen further slight weakness in European trading. Still robust physical demand is supporting gold at these levels and strong support is at the $1,500/oz level.


Published in Market Updates  Precious Metals Update 


LIBOR Manipulation Leads To Questions Regarding Gold Manipulation

Today's AM fix was USD 1576.50, EUR 1284 and GBP 1012.91 per ounce. Yesterday’s AM fix was USD 1594.50, EUR 1293.29 and GBP 1026 per ounce.

Gold fell by $19.40 in New York yesterday and closed down 1.2% at $1,568.40/oz. Silver fell 1.8% or 50 cents to $26.84/oz.

Gold gradually ticked higher in Asian trading and has kept those gains and seen slight further gains in European trading.


Published in Market Updates  Precious Metals Update 


Gold as an Inflation Hedge

Today’s AM fix was USD 1,594.50, EUR 1,293.29 and GBP 1,026 per ounce. Monday’s AM fix was USD 1,581, EUR 1,287.15 and GBP 1,020.66 per ounce.

Gold closed at $1,587.80/oz in New York yesterday after having hit an intraday high of $1,592.80/oz. Gold’s gain on the day was $4/oz, or 0.25%. Silver closed at $27.34/oz, with a $0.23/oz or a 0.85% gain.

Gold has been trading up in Asian and Europe this morning, and is currently at $1,595.83/oz. Silver is trading at $27.49/oz.


Published in Market Updates  Precious Metals Update 


The Effects of Increasing Global Money Supply on Gold

Today’s AM fix was USD 1581, EUR 1287.15 and GBP 1020.66 per ounce Friday’s AM fix was USD 1591.75, EUR 1285.54 and GBP 1024.29 per ounce.

Gold fell by $20.60/oz in New York on Friday, closing at $1,583.80 with a small 0.93% loss on the week. Silver closed at $27.11/oz with a 1.35% loss.

Gold is little changed in Asian and European trading this morning, and is currently at $1,583.54/oz. Silver is up slightly from Friday’s close, and currently trading at $27.21/oz.


Published in Market Update  Precious Metals Update 


The Impact of Inflation and Deflation on Gold

Today’s AM fix was USD 1591.75, EUR 1285.54 and GBP 1024.29 per ounce. Yesterday’s AM fix was USD 1617.00, EUR 1285.37 and GBP 1032.90 per ounce.

Gold fell by $18.40 in New York yesterday compared to Tuesday’s close prior to Independence Day, and ended with a small loss of 1.13% at $1,604.40/oz. Silver also dropped slightly, closing at $27.68/oz. Silver is currently trading at $27.48/oz.


Published in Market Updates  Precious Metals Update 


Gold Drops After ECB Cuts Rates to Record Low

Today’s AM fix was USD 1616.75, EUR 1292.99 and GBP 1037.58 per ounce. Yesterday’s AM fix was USD 1617.00, EUR 1285.37 and  GBP 1032.90 per ounce.

The ECB has cut the main refinancing rate to record low of 0.75%. Gold dropped sharply immediately following the announcement, but is currently rising again.

Gold is trading at $1603.75/oz. Analysts from Standard Bank in London say that a rate cut implies a lower real interest rate, which ultimately is bullish for gold. Gold's fundamentals have not changed.


Published in Market Updates  Precious Metals Update 


Gold Seen At USD 3,500, 6,000 and 10,000 Per Ounce

Today's AM fix was USD 1617.00, EUR 1285.37 and GBP 1032.90 per ounce. Yesterday’s AM fix was USD 1608.50, EUR 1278.31 and GBP 1025.70 per ounce.

Gold rose by $24.40 in New York yesterday and closed up 1.5% at $1,622.80/oz. Silver surged to as high as $28.45 and ended with a gain of nearly 3%.

Gold has traded erratically overnight and this morning in Europe but is slightly lower than yesterday’s close in New York.