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By Jon Nadler |
April 13, 2012
Precious metals prices headed lower this morning as the final trading session of the week got underway in New York. Yesterday’s “Fedspectations” turned down a notch as market participants had somewhat bigger news "fish" to fry this morning.
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By Jon Nadler |
April 4, 2012
This morning, the meltdown continued in gold, but this time, unlike during yesterday’s after-hours electronic trading, silver and the noble metals joined gold and fell hard as well. Once again, the only green color to be seen was the net change in…the greenback.
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By Jon Nadler |
February 24, 2012
Gold prices remained near three-month highs around $1,780 overnight and early this morning as a similarly-sounding achievement was also noted in its most recent tandem trading partner-the euro. The common currency hovered near ten-week highs above $1.34 despite an EU projection of a recession.
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By Jon Nadler |
January 12, 2012
Gold prices opened with a gain of $11 at $1,654 the ounce in New York while silver advanced about 40 cents to the $30.35 level. Both metals are in the midst of an upward push which might carry them to the $1,700 and $32 areas respectively.
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By Jon Nadler |
December 2, 2011
Call it profit-taking, call it book-squaring, call it news-based trading, the result is the same: volatility remains an integral part of the metals' markets and to a degree that is not comforting to traditional buyers of same.
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By Jon Nadler |
November 16, 2011
A third day of losses was in store for gold as deepening "euroxiety" took hold of markets and wiped away remaining traces of last week's "europhoria." The yellow metal opened the midweek session with a drop of $9 and was quoted at $1,772 the ounce.
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By Jon Nadler |
August 29, 2011
The final week of what has been a tumultuous (to say the least) trading month opened on a downward-trending note for certain precious metals this morning. The mere fact that the market did open for business on Monday was a welcome relief to many.
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By Jon Nadler |
August 17, 2011
Precious metals markets opened steady-to-higher for the midweek session in New York this morning. While gold and silver made only very modest advances that threatened to turn into potential losses, platinum and palladium staged fairly hefty rallies.
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By Jon Nadler |
May 24, 2011
Tuesday's sun shone brighter on commodities for a change, as a dip in the US dollar and several other constructive background factors conspired to lift the complex towards higher value ground with precious metals trading opening on a firmer note.
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By Jon Nadler |
March 28, 2011
New York's Monday trading session saw gold prices opening on a defensive footing due to a shift in investor sentiment across the globe. Spot trading in the gold started off with a loss of $19 per troy ounce and Silver spot prices fell by 80 cents.
