Monthly Archives: January 2014

31
Jan
2014

Gold In 2014: Scramble For Physical Gold As Price Manipulation Unravels?

Today’s AM fix was USD 1246.50, EUR 920.538 and GBP 757.336 per ounce.
Yesterday’s AM fix was USD 1,254.00, EUR 922.20 and GBP 761.89 per ounce.

Gold fell $26.80 or nearly 2% yesterday to $1,243.00/oz. Silver fell $0.58 or nearly 3% to $19.20/oz.


Gold in USD – This Week

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30
Jan
2014

Faber: “Physical Gold” In Switzerland and Singapore Is 20% Of “Net Worth”

Today’s AM fix was USD 1,254.00, EUR 922.20 and GBP 761.89 per ounce.           
Yesterday’s AM fix was USD 1,254.75, EUR 917.89 and GBP 756.42 per ounce.

Gold climbed $15.70 or 1.25% yesterday to $1,269.80/oz. Silver rose $0.20 or 1.02% to $19.78/oz.

Gold is marginally lower in most currencies today paring the first monthly advance since August. The gains yesterday came despite the U.S. Federal Reserve further reducing their massive bond buying programme to $65 billion a month.

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29
Jan
2014

RBS £8 Billion Loss Shows Risk In UK Banking System

Today’s AM fix was USD 1,254.75, EUR 917.89 and GBP 756.42 per ounce.
Yesterday’s AM fix was USD 1,253.50, EUR 919.12 and GBP 757.04 per ounce.

Gold fell $1.00 or 0.08% yesterday to $1,254.10/oz. Silver slipped $0.05 or 0.25% to $19.58/oz.

Traders eagerly await news from the Fed’s policy announcement on Wednesday. The recent tapering of the central bank’s bond-buying program by $10 billion to $75 billion a month is already largely priced into the market.

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28
Jan
2014

Germany’s Central Bank Proposes “Wealth Tax” On Depositors

Today’s AM fix was USD 1,253.50, EUR 919.12 and GBP 757.04 per ounce.
Yesterday’s AM fix was USD 1,270.00, EUR 927.82 and GBP 767.14 per ounce.

Gold fell $13.30 or 1.05% on yesterday to $1,255.10/oz. Silver slipped $0.28 or 1.41% to $19.63/oz.

Gold is marginally lower today in dollars but higher in yen and emerging market currencies. The fall in stock markets and in currency values in many emerging markets should support gold and is leading to an increase in demand for physical gold.

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27
Jan
2014

The Financial Times: Learn From German Central Bank and “Demand Physical Gold”

Today’s AM fix was USD 1,270.00, EUR 927.82 and GBP 767.14 per ounce.
Friday’s AM fix was USD 1,259.25, EUR 920.44 and GBP 757.40 per ounce.
 
Gold rose $0.56 or 0% on Friday to $1,264.51/oz. Silver slipped 0.20 or 1% to $19.74/oz.

Gold surged to its highest level in two months on the open in Asia overnight. Gold was steady at $1,268.60 late morning, after earlier hitting a two-month high of $1,278.01. Other precious metals also edged higher.

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24
Jan
2014

As Gold Flows From West To East Singapore Emerges As Global Storage Hub

Today’s AM fix was USD 1,259.25, EUR 920.44 and GBP 757.40 per ounce.
Yesterday’s AM fix was USD 1,244.25, EUR 912.88 and GBP 749.91 per ounce.
 
Gold fell $28.14 or 2.3% to $1,264.20/oz. Silver slipped 0.31 or 1.6% to $20.04/oz.

Gold has edged higher again today and is set for its fifth consecutive weekly higher close which is bullish from a technical and momentum perspective. Gold is 5.5% higher year to date.

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23
Jan
2014

China Reports Gold Reserves Unchanged Again at End 2013

Today’s AM fix was USD 1,244.25, EUR 912.88 and GBP 749.91 per ounce.
Yesterday’s AM fix was USD 1,239.50, EUR 915.57 and GBP 749.67 per ounce.
 
Gold fell $5.81 or 0.4% to $1,235.80/oz. Silver slipped 0.12 or 0.6% to $19.73/oz.

Gold prices rose today after the falls this week led to bargain hunting. Gold rose in price after CNBC reported that India’s Congress President Sonia Gandhi has sought a lowering of import duty on gold.

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22
Jan
2014

Singapore’s Gold Fix Plan Is Still in Process – SBMA

Today’s AM fix was USD 1,239.50, EUR 915.57 and GBP 749.67 per ounce.
Yesterday’s AM fix was USD 1,247.75, EUR 922.01 and GBP 758.93 per ounce.

Yesterday, gold fell $10.10 or 0.8% to $1,241.80/oz. Silver slipped 0.44 or 2.2% to $19.82/oz.

Gold fell to its lowest level in a week today. Singapore Bullion Market Association (SBMA) Secretary Albert Cheng told Bloomberg overnight that  Singapore’s gold fix plan is still in process. Singapore is positioning itself as Asia’s global precious metals hub.

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21
Jan
2014

German Legislator Seeks Repatriation Of All The Bundesbank’s Gold

Today’s AM fix was USD 1,247.75, EUR 922.01 and GBP 758.93 per ounce.
Yesterday’s AM fix was USD 1,254.75, EUR 925.88 and GBP 763.32 per ounce.

Yesterday’s closing fix in London was USD 1,255.75, EUR 925.87 and GBP 764.11 per ounce. The U.S. markets were closed for a national holiday.

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20
Jan
2014

“I Am A Long-Term Consistent Buyer Of Gold …”

Today’s AM fix was USD 1,254.75, EUR 925.88 and GBP 763.32 per ounce.
Friday’s AM fix was USD 1,241.00, EUR 912.63 and GBP 754.68 per ounce.

Gold rose $10.02 or 0.8% Friday, closing at $1,252.11/oz. Silver rose $0.24 or 1.2% closing at $20.29/oz. Gold was up 0.5% for the week, its 4 consecutive weekly climb, in spite of a stronger dollar. This is positive from a technical and momentum perspective. For the week, silver rose 1.2 % to $20.29 an ounce.

Today, the U.S. markets are closed for Martin Luther King Jr holiday.

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