Monday, August 15, 2016

Gold, Silver, Metal Prices: Commentary – 10/30/2009

October 30, 2009 by · Leave a Comment 

GDP: Great Day to Play Good Day, Friday’s market sessions in precious metals started off on a tamer note, following the best gains in gold in three weeks. Explanations follow. The recapture of the $1045 area is noteworthy, although analysts we polled during the wee hours overseas are trying to define the move as everything [...]

Dollar Wobbles on Chinese Currency Diversification Concerns

October 27, 2009 by · Leave a Comment 

Mark O’Byrne submits: Gold Gold closed trading at $1,039.80/oz In euro and GBP terms gold is trading at €699/oz and £635/oz. Support for Gold is currently seen at $1,030/oz and resistance at $1,053/oz. Gold fell yesterday as oil prices and equities came under pressure and the dollar rose. The dollar has fallen marginally today after [...]

Bullion & Business Weekend Report – Oct. 24

October 24, 2009 by · Leave a Comment 

Precious metals enjoyed modest gains on the week as the US dollar was the predominating driver of where prices went. A weaker greenback on Friday combined with lower crude oil prices helped gold slide slightly from earlier week highs. Oil did jump nearly 3.5 percent this week while gasoline prices at the pump were almost [...]

Gold, Silver, Metal Prices: Commentary (10/23/2009)

October 24, 2009 by · Leave a Comment 

A Turkey for Turkey, The UK Lays an Economic Egg, and Russia Sells…Gold?! Good Day, Gold prices continued to remain ‘in the zone’ (the $1040-$1070 zone, that is) overnight, with little in the way of fresh market-impactful news making their way into the media stream. The US dollar remained at or very near the 1.50 [...]

Weekly Market Recap 10/23/09

October 24, 2009 by · Leave a Comment 

ScotiaMocatta, the precious metals division of the Bank of Nova Scotia, said on Thursday that gold prices could rise to a high of $1,400 an ounce in 2010 as investors turn to the metal as a store of wealth, as reported to Reuters. The unemployment rate has been increasing at an alarming rate, yet the [...]

Gold Rises Despite Higher Dollar, Stocks Retreat

October 21, 2009 by · Leave a Comment 

New York gold futures climbed Tuesday, although the yellow metal lost a portion of earlier gains following a lifted US dollar which also pulled down oil prices for the first time in nine days. Silver, platinum and US stocks edged slightly lower. New York precious metals figures follow: Silver for December delivery fell 6.7 cents, [...]

US Hyperinflation?

October 20, 2009 by · Leave a Comment 

The Daily Reckoning The finance ministers of the Eurozone met yesterday and they’ve tried to stem the euro’s (EUR) rise… But they’ll need more than words to get the job done! And so we begin a new day… Front and center this morning, the currencies – which had given background overnight to the dollar – [...]

Gold Drops Slightly, Silver Rises, Dow Tops 10,000

October 15, 2009 by · Leave a Comment 

New York gold futures declined slightly Wednesday after two days of advances, and despite a weakened US dollar and oil prices that pushed above $75 a barrel for the first time in a year. Silver and platinum both climbed 0.4 percent. US stocks gained with the Dow closing above 10,000 for the first time since [...]

Gold hits record high as dollar slips vs euro

October 13, 2009 by · Leave a Comment 

Gold rose to a record high at $1 063,60/oz on Tuesday as the dollar slipped against the euro, increasing the metal’s appeal as an alternative asset. Firmer oil prices and an improvement in physical demand for gold after a sluggish year for jewellery buying are also lifting gold prices, analysts said. Read more….

Weekly Market Recap 10/09/09

October 10, 2009 by · Leave a Comment 

This week, Gold broke through its all time high and set a new benchmark at $1,061.10 per ounce. Concerns about the weakened U.S. Dollar and a second economic downturn, along with increased risk of higher inflation, were the leading causes for the commodities boost this week. Other factors had an impact as well, such as [...]

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