Gold’s London AM fix this morning was USD 1,660.75, EUR 1,245.31, and GBP 1,038.68 per ounce. Yesterday’s AM fix was USD 1,655.75, EUR 1,245.86 and GBP 1,041.22 per ounce. Gold fell $3.00/oz or 0.18% in New York yesterday and closed at $1,660.10/oz. Gold traded sideways in Asia prior to seeing a slight climb [...]
You gotta give DaBoyz credit for turning stocks around yesterday, since buyers appeared to have taken the day off. Nor was there much bullish energy as the day wore on – only the nervous drum beat of short-covering ahead of the final trading day of Q1. It was all window dressing, to be sure, and [...]
– Posted Sunday, 1 April 2012 | | Source: GoldSeek.com The following are some snippets from the most recent issue of the International Forecaster. For the full 22 page issue, please see subscription information below. US MARKETS We lie, you swear to it. That up until now has been the creed of elitist Wall [...]
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This Wednesday Goldman Sachs reiterated its position that investors should buy gold. Goldman Sachs remains bullish on the precious metal, citing the familiar fundamentals– low interest rates and subdued economic growth as catalysts for gold prices to rise this year. Goldman economists expect another round of quantitative easing from the Federal Reserve will weigh [...]
Silver prices rallied in New York on Friday, capping a quarterly gain for the first time since the first three months of last year and despite a tumbling performance in March. In percentage, silver prices rose 16.4% in first quarter 2012 due to sharp advances in January and February of 19% and 4.2%, respectively. For [...]
Gold prices advanced Friday, snapping a three-session losing streak to log weekly and quarterly gains of 0.6% and 6.7%, respectively. Gold did retreat 2.3% for the month but the pick-up on the quarter contrasts against a 3.4% loss in the fourth quarter of 2011 when a streak of 12 straight quarterly gains ended. On Friday, [...]
Posted on | March 31, 2012 | No Comments Precious metal Market Trend Review Today: The dollar lost ground to the euro, British pound, and Japanese yen during the last session. The inverse relationship between the dollar and precious metal gold played out as gold price tracked higher during the session. Gold and silver contracts [...]
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