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By Jon Nadler |
April 20, 2012
Little in the way of real change was noted this morning as the final session of the week got underway in New York. Spot gold hovered around $1,645 while spot silver appeared stuck around the $31.75 area.
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By Jon Nadler |
February 27, 2012
Spot gold dealings commenced the new trading week with a loss of $6 per ounce and the yellow metal was quoted at $1,767 on the bid-side. Silver prices fell by about a dime per ounce and initial indications came in at $35.32 the ounce in the white metal.
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By Jon Nadler |
November 7, 2011
Metals markets opened firmer on Monday as the on-going eurozone drama continued to play out without signs of a resolution despite the G-20 summit's end. Gold moved higher despite a slip in the euro and a slightly stronger US dollar.
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By Jon Nadler |
November 3, 2011
Metals prices received further lift this morning as turmoil in Europe diverted funds in their direction but the complex was still competing with what is apparently shaping up as a stock market rally of notable proportions on both sides of the Atlantic.
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By Jon Nadler |
November 2, 2011
Metals markets opened the midweek session on a positive note as players attempted to repair some of the damage that had been inflicted on Monday and Tuesday by the going-on in Europe and elsewhere.
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By Jon Nadler |
October 31, 2011
The second central bank currency market intervention in as many months sent the US dollar soaring and gold reeling overnight as market players rushed for various entry and exit doors to take advantage of the overt move.
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By Jon Nadler |
October 17, 2011
Spot dealings in New York saw an opening gain of $5.80 in the yellow metal and traders quoted the bid-side in gold at $1,685 the ounce. Bullion narrowed those opening gains within the first sixty minutes of trading action however.
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By Jon Nadler |
October 14, 2011
Gold's opening gains were trimmed to about only $3 per ounce (and silver's to a dime), despite a further dip in the greenback on the index. Buoyed by a better outlook among currency and equity specs, the commodities' complex also received a lift.
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By Jon Nadler |
April 18, 2011
'Profit-taking' was only manifest until the S&P rating agency slammed the US rating outlook with the "negative" label. The AAA rating remains in place, but a shift from 'stable' to 'negative' outlook propeled gold to near a $1,500 price level.
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By Jon Nadler |
April 15, 2011
Precious metals trading showed some indecision and a bit of nervousness during the first hour of dealings in New York this morning. Such patterns are not uncommon following fresh record achievements.
