Archive for Gold – Page 2

Gold “Rollercoaster” Heads Yet Lower as Greece Hits “Crunch Time for Bankruptcy”

London Gold Market Report from Ben Traynor BullionVault Monday 6 February 2012, 09:00 EST SPOT MARKET gold prices fell further Monday morning in London, reaching $1713 an ounce by lunchtime – a 2.8% drop from last week’s high – as stock and commodity markets also ticked lower, while US Treasury bond prices gained. Silver prices dropped to $33.09 [...]

Gold Reversal At 61.8% Fibonacci Retrace Could See Correction

Gold Trading Analysis Reversal At 61.8% Fibonacci Retrace Gold (daily chart shown below) has printed the largest single day decline in over 4 weeks and dropped one percent after the strong U.S. NFP data killed near term expectations of additional financial stimulus from the FED.  This has seen the formation of a bearish engulfing candle on [...]

Bernanke’s Comments “Lend Support” to Gold, But Precious Metals Dip Following Strong US Jobs News

London Gold Market Report from Ben Traynor BullionVault Friday 3 February 2012, 09:30 EST SPOT MARKET gold prices slipped back below $1750 an ounce while stock markets rallied strongly following the release of better-than-expected US jobs figures on Friday. The Bureau of Labor Statistics nonfarm payrolls report, published on Friday, shows that the US added a net [...]

Chinese & Indian Gold Demand Rising as Zero Rates “Distort” Investment Markets, “May Kill Credit”

London Gold Market Report from Adrian Ash BullionVault Thurs 2 Feb., 09:15 EST The WHOLESALE-MARKET gold price slipped 0.5% from a new 8-week high in London Thursday morning, while global stock markets stalled after a 3-day rise and commodities also edged back. The Euro fell from $1.32 on the forex market for the third time [...]

Gold, Stocks and the Euro All Gain in “Risk Asset Recovery” as Positive Manufacturing Data “Confirms China’s Soft Landing”

London Gold Market Report from Ben Traynor BullionVault Wednesday 1 February 2012, 08:30 EST THE U.S. DOLLAR cost of buying gold climbed to $1750 an ounce Wednesday morning London time – gold’s highest level since early December – while commodity prices also ticked higher and stock markets surged following the release of better-than-expected manufacturing data from several [...]

Gold Set for Biggest Monthly Gain of C21st, But Ends January with “Lackluster” Physical Interest in Asia

London Gold Market Report from Ben Traynor BullionVault Tuesday 31 January 2012, 09:00 EST U.S. DOLLAR gold bullion prices looked set to record their largest calendar month gain this century by Tuesday lunchtime in London. Gold prices hit $1745 per ounce – just less than 14% up on the Dollar gold bullion price set at the last London Fix of 2011. [...]

Gold Up – Dollar Down – Japanese Intervention Talk

Gold Up – Dollar Down – Japan Intervention Talk Article from Forex FX 4X Gold moved higher on Tuesday and bullion prices are set for a major monthly rise following from the the Federal Reserve pledge to maintain interest rates at close to zero levels until late 2014. This has likewise put downside pressure on the [...]

31-1-12 Forex CT Video News Update & Outlook

Video courtesy of ForexCT – A leading Australian forex broker, liscensed by the Australian Securities & Investments Commission, offers the MetaTrader4 and PROfit Platform to retail traders. Other services include Segregated Accounts, Trading workshops, Tutorials, and Commodities trading.

Beijing Shoppers “Snatching Up Gold”, Germany “Failing to Learn Lessons of History” with Greek Fiscal Plan

London Gold Market Report from Ben Traynor BullionVault Monday 30 January 2012, 09:00 EST THE SPOT MARKET price of buying gold climbed to $1728 an ounce Monday morning London time – a slight drop from last week’s close – while stock markets, commodities and the Euro all fell and government bond prices rose as European leaders [...]

Gold “Has Foundation to Build Next Move Higher” Following FOMC “Catalyst”, Slow Physical Demand “Explains Gold’s Resistance at $1730″

London Gold Market Report from Ben Traynor BullionVault Friday 27 January 2012, 08:30 EST WHOLESALE MARKET gold prices were headed for their biggest one-week rise since the start of December Friday lunchtime in London, climbing back through $1720 an ounce – a weekly gain of over 3%. Silver prices meantime hovered around $33.60 per ounce – 4.2% [...]

“Fed Euphoria” Sees Gold Touch 7-Week High as 0% Rates Promised ‘Til 2014

London Gold Market Report from Adrian Ash BullionVault Thurs 26 Jan., 08:30 EST INVESTMENT DEMAND to buy gold continued to push wholesale prices higher Thursday morning in London, after the US Federal Reserve vowed to keep Dollar interest rates at zero until at least 2014 – one year later than previously promised. The global market’s [...]

Gold “Still Respecting” Post-Lehman Trend, Fed Policy “Set to Support Gold”, ECB “Should Participate in Greek Debt Efforts”

London Gold Market Report from Ben Traynor BullionVault Wednesday 25 January 2012, 08:30 EST SPOT MARKET gold bullion prices dropped to $1653 an ounce Wednesday morning London time – down 1.7% from Monday’s high – while stock markets, commodities and the Euro all slid and US Treasuries gained after the head of the International Monetary Fund [...]

“Absence of Far East Demand” sees Gold “Succumb to Profit Taking” as Markets “Fragile” on Greek Debt Uncertainty

London Gold Market Report from Ben Traynor BullionVault Tuesday 24 January 2012, 08:30 EST WHOLESALE MARKET gold prices retreated to roughly where they started the week during Tuesday’s morning session in London, making a 1% drop from yesterday’s 6-week high to $1665 an ounce. Silver prices slipped to $31.91 an ounce – a 1% drop on Friday’s [...]

Gold Touches Six-Week High as Technicals “Turning More Bullish”, Banking Sector Negotiators “Hopeful” for Agreement on Greek Debt

London Gold Market Report from Ben Traynor BullionVault Monday 23 January 2012, 08:30 EST THE U.S. DOLLAR cost to buy gold hit a six-week high of $1677 an ounce Monday morning in London, as stock markets, commodities and the Euro all pushed higher and US Treasury bond prices dipped. “Near term technical have turned more bullish [for [...]

Gold Ignores Indian Tax Hike, Rises “Because of China” as Stocks & Commodities Jump

London Gold Market Report from Adrian Ash BullionVault Tues 17 Jan., 08:45 EST The WHOLESALE MARKET gold price reached new 5-week highs as Asian trade ended and London opened on Tuesday, while global stock markets and commodity prices also rose after stronger-than-expected growth data from China. The world’s second-largest economy, China reported annual growth of [...]

Gold Trend Forecast for 1st Quarter of 2012

By Chris Vermeulen: www.TheGoldAndOilGuy.com Over the past five months gold has fallen sharply and is no longer headline news which it once dominated back in 2011 when it was making new highs every day. The shiny metal has been under pressure because traders and investors started to pull some money off the table to lock [...]

Gold Gains Alongside Dollar, “Clear Winner” from S&P Downgrades is Germany as “Only Bond Haven Left in Eurozone”

London Gold Market Report from Ben Traynor BullionVault Monday 16 January 2012, 08:45 EST U.S. DOLLAR spot gold prices climbed to hit$1647 an ounce Monday morning in London – 0.8% below last week’s high – while stock and commodity markets were broadly flat as markets absorbed Friday’s news of cuts to nine Eurozone sovereign credit ratings. [...]

Gold Up On The Week – Dollar Gains From Flight To Liquidity As Fx Major Trend Continues

Gold Strength Seen During The Week But Capped On Profit Taking Click here for the full article:  Gold strength On Flight To safety Gold fell 1 percent during the final day of the week as the dollar gained across the board versus the other majors on a flight to liquidity.  This came after the rumours regarding a [...]