Gold has fallen today in all major currencies except the Swiss franc which has fallen sharply again on continued talk of SNB intervention. Gold is trading at USD 1,742.70, EUR 1,220.10, GBP 1,068.70, CHF 1,375.60 per ounce and 133,820 JPY/oz. Gold’s London AM fix this morning was USD 1,738.00/oz, EUR 1,214.11/oz, GBP 1,065.88/oz.
12 August, 2011
Gold Surges in All Currencies in Tumultuous Week - XAU/CHF Up 5.5% WTD on Intervention and Euro Peg Concerns
Gold has fallen today in all major currencies except the Swiss franc which has fallen on continued speculation of pegging the Swiss franc to the euro. Gold is trading at USD 1,754.30, EUR 1,232.10, GBP 1,078.70, CHF 1,349.30 per ounce and 134,357.00 JPY/oz. Gold is 5.1% higher in dollars week to date and 6% higher in euros and 6.6% higher in pounds or to put it correctly these currencies have fallen in value against gold.
11 August, 2011
Germany’s Best-Selling Tabloid Bild's Front Page Encourages Readers To Buy Gold
Gold has fallen today in all major currencies except the Swiss franc which has fallen on SNB intervention rumours. Gold is trading at USD 1,791.40, EUR 1,257.10, GBP 1,107.70, CHF 1,318.80 per ounce and 136,976.00 JPY/oz. The yen has fallen by 8.7% against gold so far in August as the yen, while rising in dollar terms, is falling sharply in gold terms (see chart below).
10 August, 2011
Gold Market Up - Equity Market Up - What gives?
Gold prices held their ground late into trading Tuesday, even in the face of a surge in US equities. Buoyed by a US Federal Reserve pledge to maintain a low interest rate policy until mid 2013, the Dow rose 612 points (5.7%) in the final 90 minutes of trading. Gold held its ground and today is showing signs of strength, trading at $1,756.30/oz up $13.30/oz. Gold in EUR and GBP is trading at 1,224.16/oz and 1,082.26/oz.
9 August, 2011
JP Morgan Warns Gold to Go Parabolic and Rise to $2,500 By Year End
Gold in USD terms is 2.4% higher and is higher against all currencies and trading at USD 1,760.40 , EUR 1,234.10, GBP 1,075.70, CHF 1,306.80 per ounce and 132,719.00 JPY.
Gold’s London AM fix was USD 1,770.00, EUR 1,241.75, GBP 1,080.98. Gold reached new record nominal highs at $1,780.10/oz and new nominal highs in euros and sterling also this morning.
8 August, 2011
Gold and Silver Higher As ECB Intervenes in Markets – Currency and Euro Debasement Accelerates
Gold in USD terms is 2.5% higher after the weekend U.S. downgrade and is higher against all currencies and trading at USD 1,706.40 , EUR 1,195.90 , GBP 1,039.20, CHF 1,039.20 per ounce and 132,549.00 JPY. Gold’s London AM fix was USD 1,709.75, EUR 1195.21, GBP 1,040.94.
5 August, 2011
Safe Haven Gold Up 2% in Tumultuous Week – Stock Indices Down 6% to 13% in Week
Gold is 0.75% higher in dollar terms this morning on safe haven buying after yesterday’s 0.43% fall. Gold is marginally higher against all currencies and is trading at USD 1,659.50 , EUR 1,170.20 , GBP 1,018.30, CHF 1,269.00 per ounce and 130,530.00 JPY.
The surprisingly positive U.S. jobs figure may lead to further short term weakness.
4 August, 2011
Gold Surges 3.8% in Japanese Yen as Yen Falls Sharply and Global Currency Wars Resume
Gold has surged nearly 4% in Japanese yen this morning as the BOJ entered currency markets overnight selling yen thereby depreciating their currency against the dollar and other fiat currencies.
Gold is higher against all currencies and is trading at USD 1,663.50, EUR 1,168.20, GBP 1,018.30, CHF 1,291.00 per ounce and 133,000.00 JPY per ounce. Gold’s London AM fix was USD 1664.25/oz, EUR 1170.61/oz, GBP 1,018.20/oz. Gold reached new record nominal highs in majors yesterday and remains close to these record highs today.
3 August, 2011
Is Gold a Bubble? 14 Charts, the Facts and the Data Suggest Not
Gold is higher and is trading at USD 1,668.90 , EUR 1,167.10 , GBP 1,018.40 and CHF 1,287.70 per ounce. It is slightly lower in euros but higher in U.S. dollars, Swiss francs, the Japanese yen, and the Australian and New Zealand dollar. Gold’s London AM fix was USD 1,667.50, EUR 1,167.50, GBP 1,016.77 (10:43 GMT).
2 August, 2011
Sharp Increase in Central Bank Gold Reserves – South Korea Up 17-Fold & Thailand 15.5% in 2 Months
Gold is higher in all currencies today except for the Swiss franc and is trading at USD 1,629.20 , EUR 1,147.30 , GBP 1,000.20 and CHF 1,270.10 per ounce. Gold’s London AM fix was USD 1624.00, EUR 1145.28, GBP 997.30 (10:41 GMT).
Gold reached new record nominal highs in euros and Canadian dollars yesterday at EUR 1,149.60/oz and CAD 1,566.48/oz yesterday and remains close to these record highs today, and close to record highs in most fiat currencies.
29 July, 2011
IMF Chief Warns America on “Exorbitant Privilege” / Cazenove’s Griffiths Says “Essential to Own Gold” - $8,500/oz Is Possible
Gold is trading at USD 1,615.20, EUR 1,132.70, GBP 991.92 and CHF 1,293.10 per ounce. Gold’s London AM Fix was USD 1613.75, EUR 1129.76, GBP 991.67 (10:41 GMT). Gold is set to finish a turbulent July higher showing its safe haven attributes again. Gold is higher in all fiat currencies month to date and is 7.6% higher in U.S. dollars.
28 July, 2011
Gold Near Record USD and EUR High – Eurozone Debt and U.S. Default Risks Global Financial Contagion
Gold is marginally higher against most currencies today and is trading at USD 1,614.40, EUR 1,130.50, GBP 990.08 and CHF 1,294.50 per ounce. Gold is flat against the dollar but remains just less than 1% from the record nominal high reached yesterday ($1,628.05/oz). The euro is under pressure again today and gold is 0.7% higher against the euro and is just less than 1.5% away from the record euro high of EUR 1,144.80/oz reached last Monday.
27 July, 2011
Gold New Record Nominal Highs ($1,625.70) as CDS Traders Start Positioning for U.S. Downgrades
Gold is trading at USD 1,620.40, EUR 1,120.50 and GBP 989.08 and CHF 1,298.50 per ounce. Both the dollar and the euro are under pressure again today and gold has reached another new record nominal high of $1,625.70/oz in early European trading.
26 July, 2011
Gold Seen as Less Risky Currency - Return to Gold Standard Advocated in Print and Video
Gold is marginally lower in all currencies today (USD 1,611, EUR 1,113 and GBP 983 per ounce) but remains close to record nominal highs in major currencies on U.S. and Eurozone debt concerns. With the risk free rate of return of U.S. Treasuries (Treasury bills, Treasury notes and Treasury bonds) coming into question, gold is increasingly being seen by many as a less risky asset and as a less risky currency.
25 July, 2011
Gold Surges in Asian Trading to Record Nominal High on Washington Theatre and Dollar Debasement
Gold is trading at $1,617.75/oz, €1,126.49/oz and £993.46/oz.
Gold surged 1.4% ($23) from $1,600.90/oz to a new record nominal of $1,624.07/oz within an hour of the open in Asia. Gold reached new highs due to continuing uncertainty and theatre regarding the debt ceiling negotiations in Washington. Gold is higher in all currencies except the Swiss franc as the Swiss currency is also continuing to see flows.
22 July, 2011
EU Debt Restructuring Leads to Bailout Euphoria / Silver to Double to $100 Says Citigroup
Bailout euphoria has returned to markets with Asian and European stock indices rising on renewed risk appetite.
Gold has recovered from yesterday’s slight sell off (0.6% in USD) and the firm gold price in all currencies suggests that market euphoria is again misplaced. Gold is down only 20 euros per ounce in the last 24 hours. Gold is trading at USD 1,596.10, EUR 1,108.1, GBP 978.50 and CHF 1,310.10 per ounce.
21 July, 2011
Gold “Fever” in Asia and Central Bank Demand Could Cause an “Earthquake” in the Gold Market
Gold is trading at $1,599.41/oz, €1,127.77/oz and £989.06/oz.
Gold is mixed against various currencies today but is higher in euros after the euro has fallen on concerns that European leaders gathering for the summit in Brussels may not be able to resolve the Eurozone’s debt crisis and prevent contagion in the financial system.
20 July, 2011
Gold to Rise on $14.3 Trillion U.S. Debt Limit Increase– Bloomberg Chart of the Day
Gold is trading at $1,587.56/oz, €1,115.72/oz and £983.31/oz.
Gold is flat in U.S. dollars and New Zealand dollars but marginally lower in most currencies today as increased risk appetite has seen risk assets rally despite poor fundamentals. Most Asian indices were higher, except the Chinese and Indian markets, and European indices have also risen.
Gold is trading at USD 1,587.00, EUR 1,116.1, GBP 983.50 and CHF 1,302.10 per ounce.
19 July, 2011
Gold to Correct after Front Page Financial Times Article? Gold in 2011 vs the 1970s and 1979
Gold is trading at $1,604.10/oz, €1,132.20/oz and £995.66/oz.
Gold has fallen in most currencies today and is trading at USD 1,603, EUR 1,130, GBP 995 and CHF 1,315 per ounce. Gold is 0.3% higher in Swiss francs again today after the last two weeks of deepening turmoil saw gold rise in the Swiss franc.
18 July, 2011
Gold Over $1600 and Silver Over $40.30 on Risk of Systemic Collapse and Fiat Currency Crisis
Gold is trading at $1,600.84/oz, €1,141.34/oz and £996.35/oz.
Gold rose to new record nominal highs in debt laden U.S. dollars, euros and pounds today due to the growing risk of a systemic financial collapse and fiat currency crisis.
Gold rose 0.5% in U.S. dollar terms to a new nominal record high at $1,602.05 per ounce. Euro falls saw the dollar rise 0.8% against the euro and gold rise 1.4% in euro terms to EUR 1,041 per ounce.
