Gold Core

GoldCore Update: China's Main Currency Reserve "Not Likely" to Be Gold - Purchases Would "Certainly" Increase Prices

Published by under Market Updates | Precious Metals Update |

Gold
Gold dipped sharply in US trading yesterday from $1,136/oz to $1,118.50/oz before closing down 1% to $1,120/oz. Gold also fell in pounds, euro and Swiss francs but remains near record nominal highs in these currencies. Gold rose to $1,123/oz so far in Asian trading and is currently trading at $1,119.50/oz and in euro and GBP terms, it is trading at €825/oz and £749/oz respectively.

Continue Reading >

GoldCore Update: International Monetary Policy Favours Gold as Interest Rates Remain Near Zero

Published by stephen.flood under Market Updates | Precious Metals Update |

GOLD
Gold was unchanged in London before dipping to $1,126/oz in New York, it then recovered to close down 0.92% at $1,131/oz. It has had a $4 trading range in Asian trading this morning. Gold is currently trading at $1,135/oz and in Euro and GBP terms, gold is trading at €835/oz and £755/oz respectively. Gold remains near record nominal highs in euros and sterling and appears to be consolidating near these record price levels.

Continue Reading >

GoldCore Update: Gold at New Nominal Highs in Sterling and Euros

Published by under Market Updates | Precious Metals Update |

Gold
Gold had a strong run in London and the US reaching $1,137.50/oz before closing up 1.73%. It range traded in Asian trading earlier this morning before going back up to $1,138.00/oz. Gold is currently trading at $1,137.00/oz and in euro and GBP terms, gold remains near the new record nominal highs seen yesterday - trading at €833/oz and £755/oz respectively.

Continue Reading >

Market Update - Gold steady, awaits new trend direction

Published by stephen.flood under Market Updates |

GOLD

Gold dipped to $1,109.80/oz in US trading before recovering to $1,114..00/oz. It jumped to $1,121.00/oz in Asian trading earlier this morning before falling slightly. Gold is currently trading at $1,115.00/oz and in Euro and GBP terms, gold is trading at €817/oz and £722/oz respectively. As Euro weakness continues Gold/Euro remains well supported.

£722 proving resistance for Gold/GBP.

Continue Reading >

GoldCore Update - Gold steady near record high in Euro

Published by stephen.flood under Market Updates | Precious Metals Update |

GOLD

Continue Reading >

GoldCore Update 16/02/2010

Published by stephen.flood under Market Updates | Precious Metals Update |

Gold
Gold built on last week’s gains and rose nearly 1% yesterday, closing at $1,099.50/oz and gold also rose in other major currencies. Gold has risen in Asian trading and again in early European trade and is currently trading at $1,113.20/oz and in euro and GBP terms €816/oz and £710/oz respectively. As expected the crisis in the Eurozone has seen gold surge in Euro terms to new record (nominal) highs over €817/oz – thus surpassing the previous record high seen in December 2009 at €813/oz.

Continue Reading >

GoldCore Update: Global Investment Guru Sees Gold as "Great Buying Opportunity"

Published by under Market Updates | Precious Metals Update |

Gold
Gold rallied as high as $1,083/oz early yesterday in US trading before dropping by $19 but it soon recovered to finish the day down marginally at $1,075.30/oz. It moved upwards to as high as $1,080/oz in Asian trading this morning and has held those gains in morning traded in Europe. Gold is currently trading at $1,078.00/oz and in euro and GBP terms, at €785/oz and £693/oz respectively. The fiscal challenges facing the UK and eurozone economies are seeing gold challenge resistances at £700/oz and €800/oz.

Continue Reading >

GoldCore Update: Poor German and UK Data Underlines Sterling and Euro Risk

Published by under Market Updates | Precious Metals Update |

Gold
Gold rose some 1% in US trading yesterday to close at $1,065.30/oz. It then rallied to over $1,073/oz Asian trading before giving up some of those gains in European trading this morning. Gold is currently trading at $1,066.00/oz and in euro and GBP terms, gold is trading at €779/oz and £685/oz respectively.

The Dow’s close below 10,000 yesterday will make market participants nervous especially from a technical perspective. However, world stock markets have not reacted overly negatively and are mixed this morning.

Continue Reading >

GoldCore Update: Turmoil on Sovereign Contagion and Economic Growth Risk

Published by under Market Updates | Precious Metals Update |

Gold
Gold fell sharply yesterday and is trading at $1,052/oz. In Euro and GBP terms, gold is trading at €770/oz and £673/oz. Support for gold is currently seen at $1,025/oz to $1,030/oz and resistance at $1,115/oz.

Continue Reading >