Yesterday’s trading in spot gold was characterized by a symbiotic relationship between the fundamental news and the technical picture on the gold chart. A combination of higher than expected PPI data in the US, raising inflationary expectations, coupled with gold prices clinging to the $900...
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Gold Spot Price – Gold Price Daily Chart 13th July 2009
Although the pendulum is still swinging between the inflationists and deflationists recent data has suggested that the global economy may be facing more of a danger from the latter and this is impacting the price of spot gold which on Friday finished $1.05 down to...
Spot Gold Prices – Daily Gold Chart 10th July 2009
Yesterday’s modest rebound in the price of spot gold was not entirely unexpected given the extent of Wednesday’s sell off. However, despite some support from a weaker US dollar it was the continuing fall in crude oil prices which appeared to hamper any serious rally...
Spot Gold Prices – Gold Price Chart 9th July 2009
Yesterday’s price action on the gold chart was extraordinary for spot gold prices which managed to lose $15.42 to close just above the $900.00 per ounce price point on a day when markets were essentially drifting owing to a lack of any hard news and...
Spot Gold Prices – Gold Price Chart 8th July 2009
With any discussion concerning the reserve of the US Dollar now off the agenda at this week’s G8, as China’s Hu Jintao has had to return home to deal with the civil unrest in Xinjiang, the Dollar managed to gain a little traction, limiting the...
Spot Gold Prices – Gold Price Chart 7th July 2009
Spot gold prices fell yesterday amid general commodity weakness and a rebound in the US Dollar, losing a total $6.30 to settle at $925.85 per ounce. In addition gold prices may also have been dealt a temporary blow by the Indian Government’s decision to increase...
Spot Gold Prices – Daily Gold Chart 6th July 2009
With the US markets closed on Friday for the 4th of July celebrations spot gold prices were completely moribund hardly moving out of a very narrow trading range. The question now facing traders and investors is how the markets are likely to unfold in the...
Spot Gold Price – Daily Gold Prices Gold Chart 3rd July 2009
Private investor appetite for gold shows little sign of abating with one private bullion dealer reporting holdings of physical gold jumping more than 40% in the first half of 2009 alone. The reason? Deep scepticism that the quantitative easing measures are not producing a self...
Gold Spot Prices – Daily Gold Chart 2nd July 2009
Once again spot gold prices moved in tandem with the US Dollar which came under pressure following release of the ADP numbers which showed the private sector had shed 473k jobs against a forecast of 388k. Reports that China wants the G8 to discuss a...
Gold Spot Prices – Spot Gold Price Chart 1st July 2009
Our warning of extreme caution in yesterday’s market commentary for spot gold prices did indeed come to pass and was reflected in an extremely volatile trading day on the daily gold chart. A combination of a mild rebound in the US Dollar as hedge funds...
Gold Spot Price – Latest Gold Prices On Gold Chart 30th June 2009
Spot gold prices moved in tandem with the US Dollar yesterday, moving lower in early trading as the Dollar strengthened but then recovering as the dollar rally ran out of steam. As a result gold finished 70 cents higher at $939.00 per ounce. However, the...
Spot Gold Prices – Gold Price Chart Latest Prices 29th June 2009
The sideways drift in spot gold prices is primarily the result of a fall in the demand for physical gold although spot gold prices did receive a small boost on Friday following further comments from the PBOC (People’s Bank of China) once again questioning the...
