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By: Chris Mullen, Gold-Seeker.com - 20 November, 2008
Gold climbed nearly 2% in London to almost $750 by about 8:15AM EST before it erased all of its gains in midmorning New York trade and saw a 60 cent loss at $735.70 at about 10:15AM, but it then rallied back higher into the close and ended near its new session high of $752.80 with a gain of 1.66%. Silver rose 12 cents to $9.45 by a little before 8AM EST before it dropped all the way to see a 5.57% loss at $8.81 at about 10AM, but it then rallied back higher in the last three and a half hours of trade and ended with a loss of just 2.25%. Full Story |
By: Peter A. Grant, USAGOLD - 20 November, 2008
Everyone loves a bargain and the currently suppressed paper price of gold is providing one of the greatest deals in recent memory. Our own Mike Kosares likened the present opportunity to buying gold around $300 per ounce early in the decade. The World Gold Council reported yesterday that gold demand in Q3-08 reached an all-time quarterly record of $32 bln. This is a 45% increase over the previous record, which was set in Q2-08. Full Story |
By: Adrian Ash, BullionVault - 20 November, 2008
THE PRICE OF GOLD held steady for US and Japanese investors early Thursday – and leapt for everyone else – as a fresh spike in both the Dollar and Yen, borrowed to fund leveraged speculation during the investment boom of 2002-2007, matched new losses in world equity markets. Full Story |
By: Gold Investments - 20 November, 2008
The Bank of England monetary policy committee considered cutting rates by 2% in November before settling for 1.5% prompting speculation that another 0.5% cut might happen when the committee meets in December. The Swiss National Bank also announced a 1% interest rate cut today, continuing the trend of lower global interest rates. Full Story |
By: Chintan Karnani, Insignia Consultants - 20 November, 2008
It’s the US dollar story for gold and silver and nothing else. Euro/Usd rose to 1.2813 while comex gold December rose to $764.80 and thereafter the euro fell and gold, silver and crude oil also fell. Still gold and silver have performed exceedingly well. Gold, silver and other commodities have been falling only after (A) US dollar gains or (B) Stock markets fall. When conditions A &B occur simultaneously then they fall else they are volatile. This will continue today also. Full Story |
By: Chris Mullen, Gold-Seeker.com - 19 November, 2008
Gold and silver traded mostly slightly higher in Asia and London before they soared upward in early New York trade to as high as $758.70 and $9.84 by about 10AM EST to see gains of 2.69% and 3.04%, but they then fell back off for most of the rest of trade and ended near their new session lows of $731.45 and $9.235 with a gain of 0.37% and a loss of 2.3%. Full Story |
By: Joseph Brusuelas - 19 November, 2008
The October estimate of consumer price index declined -1.0% (-0.961%) m/m and was up 3.7% y/y. The core ex-food and energy estimate fell -0.1%(-0.071%) m/m and is up 2.2%. The ex-food estimate saw a sharp drop of -1.2% m/m and the ex-energy component was flat for the month. Energy prices dropped -8.6% and prices in the services sector were also flat for the month. Full Story |
By: Adrian Ash, BullionVault - 19 November, 2008
WHOLESALE GOLD BULLION PRICES inside a tight range vs. the world's major currencies early Wednesday, as world stock markets fell for the eighth session in 13 so far this month. Full Story |
By: Gold Investments - 19 November, 2008
As auto manufacturers across the globe go to their respective governments, carrying empty fuel tanks hoping for a bail out, the shine has definitely dulled on platinum and palladium. Tumbling car sales in North America and Europe have contributed to a dramatic shift in investor sentiment towards these metals, which play a vital role in diesel and petrol catalysts in reducing emissions. Full Story |
By: Chris Mullen, Gold-Seeker.com - 18 November, 2008
Gold traded slightly lower in Asia and London and dropped to as low as $730.95 by about 9AM EST in New York before it rose to see a $4.30 gain at $746.10 by about noon, but it then fell back off into the close and ended with a loss of 1.11%. Silver fell over 2% to $9.137 and rallied as much as 4.2% to $9.752 before it also fell back off in the last hour and a half of trade, but it still ended with a gain of 2.03%. Full Story |
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