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By Mark O'Byrne |
April 20, 2012
Gold rose quickly from $1,631/oz. to nearly $1,650/oz. in minutes on volume with some chunky 3000 lot plus batches of orders going through on the Comex pushing gold up. A determined seller again appeared and gains were capped at that level.
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By Ben Traynor |
April 16, 2012
Gold bullion prices hovered below $1,650 per ounce Monday morning in London – well within their range of the past four weeks – as European stocks edged higher while commodity prices fell.
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By Ben Traynor |
March 26, 2012
Gold prices rallied to $1,679 per ounce Monday morning US time – up nearly 1% on last week's close – after Federal Reserve chairman Ben Bernanke said "continued accommodative polices" are still needed to support the US economy.
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By Ben Traynor |
February 28, 2012
Gold prices hit $1,781 per ounce Tuesday lunchtime in London – 0.3% off last week's high – while stocks and the euro gained, as euro-zone leaders postponed a decision on whether to increase the size of the single currency bailout fund.
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By Mark O'Byrne |
February 27, 2012
Gold ticked higher initially in Asia before seeing slight price falls and that weakness has continued in European trading with gold lower in most currencies.
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By Mark O'Byrne |
November 7, 2011
Gold prices have risen in all major currencies due to safe haven demand for bullion on concerns that the debt crisis in Greece, Italy and much of the Eurozone may lead to contagion in markets.
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By Jon Nadler |
November 4, 2011
Precious metals headed lower (all but platinum) as the US dollar picked up a tad of energy and the euro ran into a wall of overhead resistance amid the still (!) on-going crisis. Spot gold opened $10.20 lower at $1,754 per ounce.
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By Ben Traynor |
November 4, 2011
Gold bullion continued to trade in a range bound fashion around $1,758 per ounce - 8.3% above where it started October - following the release of US nonfarm payroll data, which showed the US economy added 80,000 jobs last month.
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By Mark O'Byrne |
November 3, 2011
Gold has spiked higher in all currencies and has recovered from lows seen in late Asian, early European trading. Gold continues to consolidate between $1,700 and $1,750. Support is at $1,680/oz and resistance at $1,750/oz is being challenged today.
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By Ben Traynor |
October 20, 2011
Gold prices dropped to $1,610 per ounce in Thursday's Asian trade - a 4.2% loss for the week so far - while stocks and commodities also fell as reports emerged of a split between France and Germany over how to tackle the debt crisis.
