The WHOLESALE-MARKET gold price briefly crept back above $1700 per ounce once again on Thursday morning in London, rising faster in Sterling and Euros as they slipped back versus the Dollar on the forex market. With New York shut for Thanksgiving, Japan’s Nikkei index fell to its lowest level since April 2009, but European stock [...]
Gold is trading at USD 1,696.10, EUR 1,252.60, GBP 1,083.30, CHF 1,546.20, JPY 130,370 and CNY 10,780 per ounce. Gold’s London AM fix this morning was USD 1,697.50, GBP 1,083.90, and EUR 1,253.14 per ounce. Originally from The Market Oracle
U.S. DOLLAR prices to buy gold climbed to $1699 an ounce Tuesday morning London time – though still 1.5% down for the week so far – following yesterday’s sharp drop which saw gold fall to a four-week low of $1668. Sovereign debt concerns meantime continued to make headlines in both Europe and the US, as Spain saw [...]
Spot gold gained half a percent on Tuesday as fears about debt crises in both the United States and the euro zone keep sentiment fragile. Originally from Mineweb – Daily news headlines
The current trading environment is one of the most difficult that I can recall in recent memory. Risks abroad regarding the European sovereign debt crisis is keeping market participants on edge as headline risk seemingly surrounds traders at every turn. In addition to the risk posed by Europe, the market’s reaction to the Congressional Super [...]
Gold is trading at USD 1,706.10, EUR 1,270.60, GBP 1,089.30, CHF 1,569.20, JPY 131,170 and CNY 11,190 per ounce. Gold’s London AM fix this morning was USD 1,704.00, GBP 1,085.42, and EUR 1,266.44 per ounce. Originally from The Market Oracle
What an incredible whirlwind of crisis from seven foul winds around the globe. Most emanate from Europe, which is far from its climax in crisis. Three steps will lead to full blown eruption, the first Italy with rising bond yields and a bank run, the second Spain with rising bond yields and admission that banks [...]
Ahead of the opening bell, gold is on the decline, Spanish debt yields are on the rise and new data show weekly jobless claims fell in the latest week. Originally from MarketWatch
Gold slipped on Tuesday, hit by a sell-off in financial markets and a drop in the euro against the U.S. dollar, with growing doubts about the euro zone’s ability to tackle its debt crisis prompting investors to remain cautious. Originally from Mineweb – Daily news headlines
Rarely does one live through great events. Mostly we read about them in history books. But, we are today witnessing the bursting of the greatest bubble of all time. This is the big one. More than 70 years in the making, it was inevitable. Was it popular alchemy or just another case of junk science [...]
Gold is trading at USD 1,783.10, EUR 1,307.50, GBP 1,116.30, CHF 1,612.20, JPY 138,315 and CNY 11,309 per ounce. Gold’s London AM fix this morning was USD 1,780.00, GBP 1,112.50, and EUR 1,300.41 per ounce. Yesterday’s AM fix was USD 1,794.00, GBP 1,114.49, and EUR 1,301.51 per ounce. Originally from The Market Oracle
U.S. DOLLAR gold bullion prices jumped to $1797 per ounce Wednesday lunchtime in London – more than 3% up from the same point a week earlier – as the European debt crisis continued to engulf Italy. Silver bullion also rallied around lunchtime – though it remained just below $35 per ounce, where it started today’s London session. [...]
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