GOLD RECOVERED an overnight dip in Asia during the first half of London trade Friday, reaching back above $668 for the fourth time in two days as the US open drew near. ‘Sentiment is definitely …
Daily gold report: Friday 13th July
Category: Gold
Daily gold report: Thursday 12th July
Gold prices rose steadily through the Asian and early London sessions on Thursday, touching $665 per ounce for US investors as the US open drew near. Gold also recovered more than 0.7% from yesterday’s low against …
Daily gold report: Wednesday 11th July
Gold traded $2 above Tuesday’s US close in the first-half of London trade on Wednesday, approaching lunchtime just shy of $666 per ounce. Aside from growing demand for investment gold, ‘additional buying in gold also …
Why gold is fundamentally still good
So the fundamental rules still apply in the credit markets then – and complex mortgage derivatives leveraged to the Nth degree still need the original home-buyer to meet his monthly repayments if they’re to avoid …
Daily gold report: Tuesday 10th July
GOLD TODAY held onto Monday’s gains early in the London session, hitting $661.15 per ounce at the Morning Fix – the highest AM Fix since June 7th for Dollar investors. John Reade at UBS in …
Daily gold report: Monday 9th July
Gold opened Monday in London just shy of Friday’s close at $656 per ounce – more than $4 higher from last week’s start against the US Dollar – before rising to a five-session high of $657.80 …
Miners dig deeper – but will gold still go up?
Digging yourself into the deepest man-made hole in the world is pretty radical. Not even a land-short South African gold miner would shovel out his Rand unless he had confidence that what is down there …
Daily gold report: Friday 6th July
GOLD MOVED in a $4 range early Friday, reaching lunchtime in London little changed from Thursday’s sell-off at $649.50 per ounce. ‘As the metal continually fails to make its mark above the 100-day moving average,’ …
Daily gold report: Thursday 5th July
Spot gold prices moved gently higher against the US Dollar in London on Thursday, adding $2 per ounce from the overnight start in Asia to break $656 just before the US open. ‘People are reluctant to …
Daily gold report: Wednesday 4th July
GOLD TRADED in a tight range during the first half of London trade on Wednesday, holding above Tuesday’s US close at $653.50 per ounce. The Morning Fix came in at $654 per ounce, down $3.25 …