06
Feb
2014

ECB, BOE Debasement Continues – Interest Rates Remain At 300 Year Lows

Today’s AM fix was USD 1,258.50, EUR 930.64 and GBP 772.42 per ounce.
Yesterday’s AM fix was USD 1,257.00, EUR 930.35 and GBP 772.30 per ounce.

Gold climbed $3.20 or 0.26% yesterday to $1,257.90/oz. Silver rose $0.36 or 1.85% to $19.85/oz. Both surged in value immediately after the poor ADP number led to safe haven buying due to concerns about the U.S. economy.
 
Gold is marginally higher in all currencies again today ahead of key interest rate decisions from the BOE and ECB.

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05
Feb
2014

Gold Supported At $1,200 – Below That Level “Serious Production Cutbacks”

Today’s AM fix was USD 1,257.00, EUR 930.35 and GBP 772.30 per ounce.
Yesterday’s AM fix was USD 1,253.00, EUR 927.19 and GBP 766.83 per ounce.

Gold fell $3.10 or 0.25% yesterday to $1,254.70/oz. Silver rose $0.14 or 0.72% to $19.49/oz.

Gold is marginally higher in all currencies today and 0.5% higher in sterling after poor UK PMI data led to concerns about the UK economy. Gold appears to consolidating above the $1,250 level and strong support is at $1,200/oz.

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04
Feb
2014

Gold Rises 1.1% On Safe Haven Demand As Stocks Fall After Poor U.S. Data

Today’s AM fix was USD 1,253.00, EUR 927.19 and GBP 766.83 per ounce.
Yesterday’s AM fix was USD 1,246.50, EUR 922.58 and GBP 762.39 per ounce.

Gold climbed $12.90 or 1.04% yesterday to $1,257.80/oz. Silver rose $0.19 or 0.99% to $19.35/oz.

Gold is marginally higher for a third day and is consolidating on yesterday’s gains despite significant sell offs in stock markets overnight. The Nikkei was down 4.2% and the FTSE is off another 0.5% this morning.

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03
Feb
2014

Perth Mint and U.S. Mint See Higher January Gold Sales

Today’s AM fix was USD 1,246.50, EUR 922.58 and GBP 762.39 per ounce.
Friday’s AM fix was USD 1,246.50, EUR 920.54 and GBP 757.34 per ounce.

Gold rose $1.90 or 0.15% Friday to $1,244.90/oz. Silver fell $0.04 or 0.21% to $19.16/oz. Gold and silver were down 1.85% and 3.97% for the week.

Gold is marginally lower in all major currencies today except sterling which has weakened due to concerns that the Bank of England will continue its ultra loose monetary policies. Gold ticked higher in Asia prior to price falls.

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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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