Published in Market Updates  Precious Metals Update 


Geopolitical Risk in Middle East and China, Currency and Trade War Risk Supporting Gold

Gold is trading at USD 1,684.20, EUR 1,221.90, GBP 1,068.81, JPY 129,103.00, AUD 1,663.34 and CHF 1,509.80 per ounce.

Gold’s London AM fix this morning was USD 1,687.00, GBP 1,070.36 and EUR 1,222.02 per ounce.

Yesterday’s AM fix was USD 1,662.00, GBP 1,064.09 and EUR 1,222.96 per ounce.

Cross Currency Table


Published in Market Updates  Precious Metals Update 


Market Developments This Week Very Gold Bullish; Bears Focus on Price, Not Value

Gold is trading at USD 1,655.70, EUR 1,232.18, GBP 1,065.81, JPY 126,856.60, AUD 1,703.34 and CHF 1,523.38 per ounce.

Gold’s London AM fix this morning was USD 1,651.00, EUR 1,229.52, and GBP 1,063.10 per ounce. 

Yesterday’s AM fix was USD 1,649.50, EUR 1,234.19, and GBP 1,065.43 per ounce. 


Published in Market Updates  Precious Metals Update 


Gold Accepted as Collateral by LCH.Clearnet; ECB and BoE Likely to Keep Rates Ultra Loose

Gold is trading at USD 1,650.20, EUR 1,235.92, GBP 1,066.23, JPY 126,484.50, AUD 1,698.96 and CHF 1,524.98 per ounce.

Gold’s London AM fix this morning was USD 1,649.50, EUR 1,234.19, and GBP 1,065.43 per ounce.  Yesterday’s AM fix was USD 1,600, EUR 1,202.56, and GBP 1,035.40 per ounce.

Cross Currency Rates


Published in Market Updates  Precious Metals Update 


Goldman and BOA Maintain 12 Month Gold Forecasts of $1,860 & $2,000; “Tight Supply of Gold Bars” in Asia

Gold is 1.3% lower in US dollars and has fallen in all currencies today and is trading at USD 1,606.90, EUR 1,207/oz, GBP 1,039.50, JPY 122,637.90, AUD 1,672.28 and CHF 1,474.38 per ounce. 

Gold’s London AM fix this morning was USD 1,600, EUR 1,202.56, and GBP 1,035.40 per ounce. Yesterday’s AM fix was USD 1,672, EUR 1,267.05, and GBP 1,086.35 per ounce.


Published in Market Updates  Precious Metals Update 


Indian Silver Demand Leads to ‘Supply Issues’, Airline Capacity Stretched and Higher Premiums

Gold is 0.4% higher in US dollars and is trading at USD 1,665.10, EUR 1,263.00 , GBP 1,082.80, JPY 127,651, AUD 1,764.90 and CHF 1,534.90  per ounce. Gold’s London AM fix this morning was USD 1,672.00, EUR 1,267.05, and GBP 1,086.35 per ounce. Yesterday’s AM fix was USD 1,660.00, EUR 1,242.51, and GBP 1,068.07 per ounce.


Published in Market Updates  Precious Metals Update 


Gold Up as Equity Markets Fall on Greek Debt Debacle

Gold is trading at USD 1,657.22, EUR 1,240.43, GBP 1,066.97, JPY 124,422 AUD 1,718.40 and CHF 1,505.54 per ounce. 

Gold’s London AM fix this morning was USD 1,660.00, EUR 1,242.52,and GBP 1,068.07 per ounce. 

Yesterday’s AM fix was USD 1,629.00, EUR 1,204.26, and GBP 1,042.63 per ounce. 


Published in Market Updates  Precious Metals Update 


Gold Steadies, Inflation Rises in Eurozone, Stagflation Beckons

 

Gold is trading at USD 1,619.95, EUR 1,207.17, GBP 1,045.29, JPY 125,291, AUD 1,679.09 and CHF 1,469.15 per ounce. 

Gold’s London AM fix this morning was USD 1,629.00, EUR 1,204.26,and GBP 1,042.63 per ounce. 

Yesterday’s AM fix was USD 1,620.00, EUR 1,187.77, and GBP 1,033.69 per ounce. 


Published in Market Updates  Precious Metals Update 


Global Market Paralysis Sees Gold Holding Onto Gains

Gold is trading at USD 1,653.45, EUR 1,210.52, GBP 1,055.44, JPY 126,298.80, AUD 1,665.32 and CHF 1,477.66 per ounce. 

Gold’s London AM fix this morning was USD 1,655.00, EUR 1,214.77,and GBP 1,059.37 per ounce. 

Yesterday’s AM fix was USD 1,671.00, EUR 1,236.40, and GBP 1,075.50 per ounce. 


Published in Market Updates  Precious Metals Update 


Gold Rebounds Strongly From Lows of $1,532

Gold is trading at USD 1,673.70, EUR 1,237.67, GBP 1,076.82, JPY 127,949.30, AUD 1,693.21 and CHF 1,511.32 per ounce. 

Gold’s London AM fix this morning was USD 1,671.00, EUR 1,236.40,and GBP 1,075.50 per ounce. 

Yesterday’s AM fix was USD 1,615.00, EUR 1,198.96, and GBP 1,041.87 per ounce. 


Published in Market Updates  Precious Metals Update 


Gold and Silver Get Sold Heavily, Markets Erratic and Seeking Consensus - Washington is Quiet

Gold is trading at USD 1,613.00, EUR 1,198.37, GBP 1,040.91, JPY 123,180, AUD 1,654.44 and CHF 1,465.41 per ounce. 

Gold’s London AM fix this morning was USD 1,615.00, EUR 1,198.96,and GBP 1,041.87 per ounce. 

Yesterday’s AM fix was USD 1,730.00, EUR 1,279.68, and GBP 1,119.81 per ounce. 


Published in Market Updates  Precious Metals Update 


Markets Price in Slower Global Growth - The Herd Sells! Sells! Sells! and Buys...Dollars

Gold is trading at USD 1,718.09, EUR 1,275.40, GBP 1,113.33, JPY 130,935.64, AUD 1759.15 and CHF 1,556.07 per ounce. 

Gold’s London AM fix this morning was USD 1730.00, EUR 1,279.68, and GBP 1,119.81 per ounce. 

Yesterday’s AM fix was USD 1,765.50, EUR 1,310.40, and GBP 1,144.35 per ounce. 


Published in Market Updates  Precious Metals Update 


FOMC Focuses on Slower Growth, Eyes Further Easing, Gold Lower, Equities Fall

Gold is trading at USD 1,752.70, EUR 1,304.87, GBP 1,137.30, JPY 133,736.30, AUD 1,785.46 and CHF 1,609.01 per ounce. 

Gold’s London AM fix this morning was USD 1,765.50, EUR 1,310.40, and GBP 1,144.35 per ounce. 

Yesterday’s AM fix was USD 1,792, EUR 1,322.22, and GBP 1,155.23 per ounce. 


Published in Market Updates  Precious Metals Update 


Gold Focuses on FOMC Meeting as IMF Report Paints Sombre Picture for World Economy

Gold is trading at USD 1,811.05, EUR 1,324.35, GBP 1,156.92, JPY 138,179.50, AUD 1,765.83 and CHF 1,616.80 per ounce. 

Gold’s London AM fix this morning was USD 1,810.25, EUR 1,322.22, and GBP 1,155.23 per ounce. 

Yesterday’s AM fix was USD 1,792, EUR 1,309.37, and GBP 1,142.27 per ounce. 


Published in Market Updates  Precious Metals Update 


Gold Gains as Credit Rating Agencies Flag an "Italian Job"

Gold is trading at USD 1,793.84, EUR 1,309.37, GBP 1,140.96, JPY 137,101.40, AUD 1,742.44 and CHF 1,577.91 per ounce. 

Gold’s London AM fix this morning was USD 1,792, EUR 1,309.37, and GBP 1,142.27 per ounce. 

Yesterday’s AM fix was USD 1,817, EUR 1,332.31, and GBP 1,155.56 per ounce. 


Published in Market Updates  Precious Metals Update 


Gold Moves Higher as Greece Crisis Moves up a Gear, Financials Get Pummelled

Gold is moving up again in U.S. dollars and is trading at USD 1,818.29, EUR 1,331.50, GBP 1,155.79, JPY 139,571.90, AUD 1,854.66 and CHF 1,603.73 per ounce. 

Gold’s London AM fix this morning was USD 1,817, EUR 1,332.31, and GBP 1,155.56 per ounce. 

Yesterday’s AM fix was USD 1,778, EUR 1,288.67, and GBP 1,126.24 per ounce. 

Stocks down, Gold up, no consensus, no plan, the death of the euro by a thousand cuts continues. This morning the euro banks are getting pummelled as their exposure to a potential Greek default grows. 


Published in Market Updates  Precious Metals Update 


Gold Gives Ground As Europe/Germany Decides Its Future

Gold is lower again in U.S. dollars and is trading at USD 1,778.19, EUR 1,288.45, GBP 1,125.01, JPY 136,422.70, AUD 1,838.65 and CHF 1,554.01  per ounce. 

Gold’s London AM fix this morning was USD 1,778, EUR 1,288.67, and GBP 1,126.24 per ounce. 

Yesterday’s AM fix was USD 1,806.00, EUR 1,310.03, and GBP 1,143.18 per ounce. 


Published in Market Updates  Precious Metals Update 


Gold Marginally Lower on Euro Debt Moves, Market looks forward to FOMC Meeting Next Week

Gold is marginally lower in U.S. dollars and is trading at USD 1,802, EUR 1,306 , GBP 1,140, JPY 138,062, AUD 1,752 and CHF 1,576.04  per ounce. 

Gold’s London AM fix this morning was USD 1,806.00, EUR 1,310.03, and GBP 1,143.18 per ounce. Yesterday’s AM fix  was USD 1,829.00, EUR 1,339.33, and GBP 1,160.46 per ounce.

Gold Bullion


Published in Market Updates  Precious Metals Update 


‘Perfect Storm’ of Global Banking and Sovereign Debt Crisis to Lead to Global Currency Crisis

Gold is marginally lower in U.S. dollars and is trading at USD 1,831.60, EUR 1,337.90 , GBP 1,160.50, JPY 140,722, AUD 1,792.60 and CHF 1,610.10  per ounce. Gold’s London AM fix this morning was USD 1,829.00, EUR 1,339.33, and GBP 1,160.46 per ounce. Yesterday’s AM fix was USD 1,806.00, EUR 1,326.38, and GBP 1,143.33 per ounce.


Published in Market Updates  Precious Metals Update 


Asian Inflation Demand (Vietnam, Indonesia, Thailand, India and China) To Support Gold

Gold is marginally lower in U.S. dollars and is trading at USD 1,816.60, EUR 1,329.90, GBP 1,147.90, JPY 139,820, AUD 1,763 and CHF 1,600 per ounce. Gold’s London AM fix this morning was USD 1,806.00, EUR 1,326.38, and GBP 1,143.33 per ounce. Yesterday’s AM fix was USD 1,843.00, EUR 1,354.94, and GBP 1,164.10 per ounce.


Published in Market Updates  Precious Metals Update 


Gold New Record High in Euros (€1,375/oz) on Greek Default and Eurozone Contagion Risk

Gold is marginally lower in most currencies and is trading at USD 1,836.60, EUR 1,350.90, GBP 1,158.90, JPY 141,320, AUD 1,779 and CHF 1,626 per ounce. Gold reached a new record nominal highs in Australian dollars, Swiss francs and euros this morning. 

Gold’s London AM fix this morning was USD 1,843.00, EUR 1,354.94, and GBP 1,164.10 per ounce.  Friday’s AM fix was USD 1,879.50, EUR 1,359.39, and GBP 1,177.12 per ounce.