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By: Chris Mullen, Gold-Seeker.com - 2 July, 2009
Gold fell all the way to $926.45 after the release of this morning’s jobs report before it rebounded back higher into the close, but it still ended with a loss of 1.09%. Silver dropped to as low as $13.29 before it also rebounded, but it still ended with a loss of 2.48%. Full Story |
By: Thomas Hartmann - 2 July, 2009
The count continues. For the twelfth time in fourteen sessions, the August gold contract failed to close above the low-$940 range. From a purely technical perspective a move down to $894 cannot be ruled out. Though the US dollar index appears to be ready to roll over on the charts and take out the June 2 lows, sharp weakness in the stock markets today and rising unemployment underscore the deflationary pressure keeping gold from advancing. Full Story |
By: Adrian Ash, BullionVault - 2 July, 2009
THE PRICE OF GOLD slumped into the New York opening once again on Thursday, dropping sharply from above $940 for the second time in two days as the Dollar rallied and stock markets fell on worse-than-expected US jobless data. Full Story |
By: Chintan Karnani, Insignia Consultants - 2 July, 2009
The US dollar continues to dictate commodities but crude oil fell on a rise on distillate stocks and reduced US consumption of gasoline. Gold rose on speculation that China may ask to start a debate on the US dollar as the world reserve currency and expectations that economic recovery in US and Europe will be choppy. Full Story |
By: Chris Mullen, Gold-Seeker.com - 1 July, 2009
Gold and silver saw slight gains in Asia and London before they jumped higher in morning New York trade and rose to as high as $946.25 and $13.862 by a little after noon EST before both metals fell back off slightly in the last hour or so of trade, but gold still ended with a gain of 1.57% while silver added 1.25%. Full Story |
By: Adrian Ash, BullionVault - 1 July, 2009
THE WHOLESALE PRICE of investment gold jumped as the New York opening drew near on Wednesday, recovering most of yesterday's $20 drop as the Dollar fell on worse-than-expected US jobs data. Full Story |
By: Mark O'Byrne - 1 July, 2009
With the end of the second quarter it is important to take stock and review how various assets have performed so far in 2009.
As per the tables below, gold and particularly silver have continued to outperform the vast majority of equity markets in the last six months. This is the particularly the case in terms of dollars (gold up 5.8%; silver up 21%) and euros (gold up 5.15%; silver up 20.3%). Thus gold again outperformed the benchmark S&P 500 (up 1.8%) even after equity markets sharp rallies in the 2nd quarter. Full Story |
By: Chris Mullen, Gold-Seeker.com - 30 June, 2009
Gold saw slight gains in Asia and traded near unchanged in London before it fell in early New York trade to as low as $923.45 by about 11AM EST, but it then bounced back higher into the close and ended with a loss of just 1.51%. Silver saw over 1% gains in Asia before it also fell back near unchanged in London and dropped in early New York trade to as low as $13.458 by late morning, but it also rallied back higher in the last couple of hours of trade and ended nearly 1% off that low with a loss of 2.8%. Full Story |
By: Thomas Hartmann - 30 June, 2009
For the tenth time in twelve sessions, the August gold contract failed to decisively close above the $940 level, setting a hard resistance level. Due to the firm resistance and the failure of the market today, from a purely technical perspective a move down to $894 cannot be ruled out. Full Story |
By: Adrian Ash, BullionVault - 30 June, 2009
THE PRICE OF GOLD eased back from a 3-session high of $945 an ounce early in London on Tuesday, dropping back as European stock markets dipped and government bond prices ticked lower worldwide. Full Story |
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