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By Jon Nadler |
May 2, 2012
Gold spot prices opened with losses on the order of about $10 and near the support level that the $1,650 area is thought to be able to now offer. Silver dropped nearly 50 cents and started the midweek session out under the $30.50 mark per ounce.
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By Mark O'Byrne |
May 2, 2012
Gold gradually fell during trading in Asia and this weakness has continued in European trading where gold looks set to test the $1,650/oz. level or $1,646/oz., the price low after the $1.24 billion sell trade on Monday.
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By Mark O'Byrne |
May 1, 2012
Gold rose $3.80 or 0.23% in New York yesterday and closed at $1,666.10/oz. However, there were more peculiar goings on in the gold market which saw one massive sell order knock prices lower, prior to gold gathering itself and moving higher.
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By Philip Burgert |
April 24, 2012
The London Metal Exchange said Tuesday that BOCI Global Commodities (UK) Ltd.,has been approved for category two associate broker clearing membership and will become the first Chinese member of the exchange.
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By Mark O'Byrne |
April 13, 2012
Gold traded erratically but essentially sideways in Asian trading prior to ticking lower in Europe. Weaker gold prices are attributed to China's weaker Q1 GDP data. A slightly stronger US dollar and oil prices back below $103 a barrel may be contributing to today’s weakness.
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By Willem Weytjens |
February 10, 2012
Most money is made during the latest phases of any bubble, as price goes nearly vertical. When something goes straight up, I tend to get worried. All good things come to an end, eventually.
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By Ben Traynor |
January 31, 2012
Gold bullion prices were headed for their biggest calendar month gain this century by Tuesday lunchtime in London. Gold prices hit $1745 per ounce – just shy of 14% higher than the dollar gold bullion price set at the last London Fix of 2011.
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By Adrian Ash |
January 27, 2012
The gold price just broke through its downtrend – the line joining its tops – from summer 2011's record high. Or so technical analysts studying the price charts will tell you.
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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 14, 2011
The price washout in precious metals intensified in the wake of the Fed's failure to please the markets with more stimulative action. The disappointment was palpable and, combined with the European debt debacle, resulted in fresh two-month lows for gold.
