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By Guy Lerner |
May 22, 2012
Let others think that a higher dollar is bad for gold prices. That is the prevailing dogma, and like most market dogma, it is wrong. To me, the dollar is a non-factor in the gold equation.
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By Ben Traynor |
May 18, 2012
Wholesale market gold prices climbed as high as $1,594 an ounce during Friday morning's London trading, jumping 1.5% in the first two hours, while Eurozone stocks looked to have stemmed four days of losses despite Greece and Spain seeing negative ratings decisions.
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By Guy M. Lerner |
May 18, 2012
Until proven otherwise, central banks will continue to devalue their currencies and intervene in markets because if they didn’t “life as we know it would not exist.” This is the sole basis for understanding the positive fundamentals behind gold. Period.
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By Mark O'Byrne |
May 16, 2012
Gold traded off in Asia hitting a low of $1,526.80/oz. then recovered as the market opened in Europe and is now trading near $1,537.25. Support at $1,550 has been breached and gold is now testing support between $1,523/oz. and $1,533/oz.
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By Ben Traynor |
May 9, 2012
Spot market gold bullion prices fell to their lowest level in four months during Wednesday morning's London trading, hitting $1,581 an ounce – 3.7% down on the week so far – while European stock markets and commodities also fell and US Treasuries gained.
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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 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 Eric McWhinnie |
April 23, 2012
In precious metals, it has been a trying time for mine investors. Despite gains in bullion prices, gold and silver miners have lagged behind. Since January 2011, miner ETFs such as the Market Vectors Gold Miners and the Global X Silver Miners have both fallen 23%.
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By Mark O'Byrne |
April 19, 2012
Gold initially traded sideways to lower in Asia then started gaining in early European trading. Gold prices remained steady today after recovering from four sessions of mild losses.
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By Ben Traynor |
March 27, 2012
The gold price hovered just below $1,700 per ounce Tuesday morning in London – over 4% up on its low last week – before easing ahead of US markets open as the US dollar regained some of the ground it lost on Monday.
