Published in Market Update  Precious Metals 


Gold, Silver Rise On Concerns Of Further Currency Debasement and QE4

Today’s AM fix was USD 1,728.25, EUR 1,329.53, and GBP 1,077.87 per ounce.  Yesterday’s AM fix was USD 1,724.50, EUR 1,327.56, and GBP 1,076.47 per ounce.

Silver is trading at $34.32/oz, €26.53/oz and £21.50/oz. Platinum is trading at $1,621.00/oz, palladium at $683.30/oz and rhodium at $1,050/oz.

Gold rose $6.40 or 0.37% in New York yesterday and closed at $1,725.60/oz. Silver fell to a low of  $33.51 in Asia, and ran up to $34.36 in New York and finished with a gain of 1.51%.


Published in Market Update  Precious Metals 


Gold Falls Just 1.3% Despite Massive, Odd 3.5 Million Ounce Sell Orders

Today’s AM fix was USD 1,724.50, EUR 1,327.56, and GBP 1,076.47 per ounce.  Yesterday’s AM fix was USD 1,741.00, EUR 1,347.00, and GBP 1,087.38 per ounce.

Silver is trading at $33.93/oz, €26.21/oz and £21.26/oz. Platinum is trading at $1,626.50/oz, palladium at $680.25/oz and rhodium at $1,050/oz.

Gold fell $22.10 or 1.27% in New York yesterday and closed at $1,719.20/oz. Silver slipped to a low of $32.92/oz and rallied back, but finished with a loss of 0.91% at $33.69/oz.


Published in Market Update  Precious Metals 


New U.S. Sanctions To End "Turkey's Game Of Gold For Natural Gas"

Today’s AM fix was USD 1,741.00, EUR 1,347.00, and GBP 1,087.38 per ounce.  Yesterday’s AM fix was USD 1,747.25, EUR 1,349.54, and GBP 1,090.46 per ounce.

Silver is trading at $33.80/oz, €26.32/oz and £21.23/oz. Platinum is trading at $1,605.00/oz, palladium at $652.25/oz and rhodium at $1,065/oz.


Published in Market Update  Precious Metals 


CME Declares Force Majeure Due To “Operational Limitations” On NYC Gold Depository

Today’s AM fix was USD 1,747.25, EUR 1,349.54, and GBP 1,090.46 per ounce.  Yesterday’s AM fix was USD 1,747.25, EUR 1,347.56, and GBP 1,090.87 per ounce.

Silver is trading at $34.08/oz, €26.41/oz and £21.34/oz. Platinum is trading at $1,620.50/oz, palladium at $666.40/oz and rhodium at $1,065/oz.


Published in Market Update  Precious Metals Update 


“Gold From The ATM” In Turkey As Gold Deposits Surge In Turkish Banks

Today’s AM fix was USD 1,747.25, EUR 1,347.56, and GBP 1,090.87 per ounce.  Friday’s AM fix was USD 1,734.75, EUR 1,345.39, and GBP 1,088.37 per ounce.

Silver is trading at $34.12/oz, €26.43/oz and £21.40/oz. Platinum is trading at $1,616.00/oz, palladium at $660.50/oz and rhodium at $1,060/oz.

Gold rose $21.80 or 1.26% in New York on Friday and closed at $1,751.20. Silver hit a high of $34.16 and finished with a gain of 2.19%. Gold was up 2.28% for the week and silver soared 5.61% for the week.


Published in Market Update  Precious Metals 


Brazil Gold Reserves In Fixed Term Gold Deposits With Bullion Banks

Today’s AM fix was USD 1,734.75, EUR 1,345.39, and GBP 1,088.37 per ounce.  Yesterday’s AM fix was USD 1,729.75, EUR 1,344.23, and GBP 1,084.35 per ounce.

Silver is trading at $33.43/oz, €26.02/oz and £21.07/oz. Platinum is trading at $1,583.00/oz, palladium at $654.70/oz and rhodium at $1,040/oz.


Published in Market Update  Precious Metals 


Austrian Parliament Hears 80% of Austrian Gold Bullion Reserves In London

Today’s AM fix was USD 1,729.75, EUR 1,344.23, and GBP 1,084.35 per ounce.  Yesterday’s AM fix was USD 1,726.75, EUR 1,350.71, and GBP 1,085.05 per ounce.

Silver is trading at $33.38/oz, €26.00/oz and £21.00/oz. Platinum is trading at $1,588.25/oz, palladium at $650.60/oz and rhodium at $1,060/oz.


Published in Market Update  Precious Metals 


Gold Volatility Declines To Record Low On Bullish Sentiment

Today’s AM fix was USD 1,726.75, EUR 1,350.71, and GBP 1,085.05 per ounce.  Yesterday’s AM fix was USD 1,734.00, EUR 1,354.05, and GBP 1,089.06 per ounce.

Silver is trading at $33.07/oz, €25.94/oz and £20.84/oz. Platinum is trading at $1,576.50/oz, palladium at $633.80/oz and rhodium at $1,050/oz.

Gold fell $4.40 or 0.25% in New York yesterday and closed at $1,727.20. Silver hit a daily low of $32.86, then recovered higher at the close and finished with a gain of 0.12%.


Published in Market Update  Precious Metals 


Gold to Rise 8% To 15% A Year – Citigroup

Today’s AM fix was USD 1,734.00, EUR 1,354.05, and GBP 1,089.06 per ounce.  Yesterday’s AM fix was USD 1,723.25, EUR 1,349.66, and GBP 1,083.67 per ounce.

Silver is trading at $33.21/oz, €26.02/oz and £20.94/oz. Platinum is trading at $1,580.10/oz, palladium at $638.90/oz and rhodium at $1,055/oz.

Gold climbed $20.20 or 1.18% in New York yesterday and closed at $1,732.10. Silver surged to a high of $33.205 and finished with a gain of 2.7% while oil surged 2.6%.


Published in Market Update  Precious Metals 


Euro Gold Record Over 1,400 EUR/oz By Year End – Commerzbank

Today’s AM fix was USD 1,723.25, EUR 1,349.66, and GBP 1,083.67 per ounce.  Friday’s AM fix was USD 1,710.00, EUR 1,342.76, and GBP 1,077.91 per ounce.

Silver is trading at $32.70/oz, €25.72/oz and £20.65/oz. Platinum is trading at $1,567.50/oz, palladium at $633.30/oz and rhodium at $1,080/oz.

Gold fell $2.10 or 1.10% in New York on Friday and closed at $1,711.90. Silver fell to a low of $32.057 and finished with a loss of 1.01%.


Published in Market Update  Precious Metals 


Silver To Climb 38% In 2013 - "Possibly Over $50/oz" Say GFMS

Today’s AM fix was USD 1,710.00, EUR 1,342.76, and GBP 1,077.91 per ounce.  Yesterday’s AM fix was USD 1,723.50, EUR 1,351.45, and GBP 1,087.66 per ounce.

Silver is trading at $32.32/oz, €25.48/oz and £20.46/oz. Platinum is trading at $1,554.50/oz, palladium at $624.80/oz and rhodium at $1,095/oz.

Gold fell $11.00 or 0.64% in New York yesterday and closed at $1,714.00. Silver slipped to a low of $32.166 and finished with a loss of 0.15%.


Published in Market Update  Precious Metals 


Gold Investment Demand Up as QE fears grow – ETF’s Rise 56% in Q3 – The World Gold Council

Today’s AM fix was USD 1,723.50, EUR 1,351.45, and GBP 1,087.66 per ounce.  Yesterday’s AM fix was USD 1,724.50, EUR 1,353.08, and GBP 1,085.21 per ounce.

Silver is trading at $32.53/oz, €25.60/oz and £20.52/oz. Platinum is trading at $1,573.50/oz, palladium at $627.75/oz and rhodium at $1,100/oz.

Gold was relatively unchanged up $0.50 or 0.03% in New York yesterday and closed at $1,725.00. Silver fell to a low of $32.36 and recovered to $32.908, but slipped downward and finished with a gain of 0.65%.


Published in Market Update  Precious Metals 


China Gold Reserves “Too Small” - Ensure “National Economic and Financial Safety”

Today’s AM fix was USD 1,724.50, EUR 1,353.08, and GBP 1,085.21 per ounce.  Yesterday’s AM fix was USD 1,724.75, EUR 1,360.86, and GBP 1,091.39 per ounce.

Silver is trading at $32.47/oz, €25.60/oz and £20.54/oz. Platinum is trading at $1,585.00/oz, palladium at $637.00/oz and rhodium at $1,150/oz.

Gold is marginally lower in all fiat currencies today except for Japanese yen which has fallen nearly 1% against gold and is close to reaching record nominal highs in yen terms (see table and chart).


Published in Market Update  Precious Metals 


Diversify With Silver As Set To 'Increase 400% In 3 Years'

Today’s AM fix was USD 1,724.75, EUR 1,360.86, and GBP 1,085.23 per ounce.  Yesterday’s AM fix was USD 1,735.75, EUR 1,365.44, and GBP 1,091.39 per ounce.

Silver is trading at $32.63/oz, €25.76/oz and £20.61/oz.  Platinum is trading at $1,591.00/oz, palladium at $614.50/oz and rhodium at $1,085/oz.


Published in Market Update  Precious Metals 


LBMA: Chairman Says Chinese Gold Allocation To Rise; SGE To Launch Interbank Market

Today’s AM fix was USD 1,735.75, EUR 1,365.44, and GBP 1,091.39 per ounce.  Friday’s AM fix was USD 1,732.75, EUR 1,362.23, and GBP 1,085.55 per ounce.

Silver is trading at $32.65/oz, €25.80/oz and £20.65/oz. Platinum is trading at $1,570.00/oz, palladium at $610.60/oz and rhodium at $1,090/oz.


Published in Market Update  Precious Metals 


Precious Metals Set For Higher Weekly Close And Seasonal Year End Rally

Today’s AM fix was USD 1,732.75, EUR 1,362.23, and GBP 1,085.55 per ounce.  Yesterday’s AM fix was USD 1,715.00, EUR 1,347.42, and GBP 1,075.84 per ounce.

 

Silver is trading at $32.19/oz, €25.42/oz and £20.27/oz. Platinum is trading at $1,560.50/oz, palladium at $613.00/oz and rhodium at $1,100/oz.

Gold rose $14.50 or 0.84% in New York yesterday and closed at $1,732.80. Silver dropped to $31.62 in London, then hit a high of $32.412/oz in New York and finished with a gain of 1.76%.

 


Published in Market Update  Precious Metals 


Obama Victory: Increased Gold And Silver Storage In Zurich And Asian Capitals

Today’s AM fix was USD 1,715.00, EUR 1,347.42, and 1,075.84 GBP per ounce.  Yesterday’s AM fix was USD 1,730.50, EUR 1,345.86, and GBP 1,080.75 per ounce.

Silver is trading at $31.85/oz, €25.10/oz and £20.00/oz. Platinum is trading at $1,546.75/oz, palladium at $607.30/oz and rhodium at $1,100/oz.

Gold rose $2.10 or 0.12% in New York yesterday and closed at $1,718.30. Silver hit a low of $31.209 then recovered in late trade but still finished with a loss of 0.56%.


Published in Market Update  Precious Metals 


Obama Wins; Gold And Silver Jump 2 and 3 Percent

Today’s AM fix was USD 1,730.50, EUR 1,345.86, and GBP 1,080.75 per ounce.  Yesterday’s AM fix was USD 1,691.75, EUR 1,321.58, and GBP 1,058.80 per ounce.

Silver is trading at $32.01/oz, €25.18/oz and £20.12/oz. Platinum is trading at $1,559.50/oz, palladium at $614.00/oz and rhodium at $1,120/oz.

Gold soared $32.10 or 1.91% in New York yesterday and closed at $1,716.20. Silver surged to a high of $32.25 and finished with a gain of 2.76%.


Published in Market Update  Precious Metals 


UK Royal Mint Plans To Offer Gold Bullion Storage

Today’s AM fix was USD 1,691.75, EUR 1,321.58, and GBP 1,058.80 per ounce.  Yesterday’s AM fix was USD 1,679.00, EUR 1,313.05, and GBP 1,050.82 per ounce.

Silver is trading at $31.39/oz, €24.60/oz and £19.71/oz. Platinum is trading at $1,549.75/oz, palladium at $611.80/oz and rhodium at $1,070/oz.

Gold climbed $6.10 or 0.36% in New York yesterday and closed at $1,684.10. Silver hit a low of $30.64 in Asia, but it ran up to $31.24 in New York and finished with a gain of 0.78%.


Published in Market Update  Precious Metals 


Gold and Silver Worth $1.4 Billion Carried In Baggage From Turkey To Iran, UAE and Middle East in September

Today’s AM fix was USD 1,679.00, EUR 1,313.05, and GBP 1,050.82 per ounce.  Friday’s AM fix was USD 1,708.25, EUR 1,325.77, and GBP 1,061.29 per ounce.

Silver is trading at $31.05/oz, €24.39/oz and £19.51/oz. Platinum is trading at $1,550.32/oz, palladium at $597.38/oz and rhodium at $1,070/oz.

Gold dropped $35.70 or 2.08% in New York on Friday and closed at $1,678.00. Silver hit a low of $30.789 and finished with a loss of 4.01%. Gold and silver were down nearly 2% and 3% on the week.