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Gold futures pause at $1700 per ounce level

The price of gold has paused for breath over the last few days following the sharp rise of last week, and with a holiday shortened week, the market has drifted sideways, as the December gold futures flirt with the $1700 per ounce level. Friday of...

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Gold Trading Analysis 21 Feb 2011

Since our last look at the spot gold price on 26th January when many so “experts” were predicting an imminent price collapse the metal appears to have regained its mojo and is trading at time of writing at $1402 per ounce and will soon be...

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Spot Gold 26 Jan 2010

Following last year’s impressive 30% rise spot gold has had its worst start in 14 years falling over 6% and tumbling to a low of $1322.62 per ounce in yesterday’s gold trading session.  A number of technical and fundamental reasons have been posited for such...

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Spot Gold 1 Dec 2010

A strong performance for spot gold yesterday which closed the gold trading session as a wide spread up candle which finally broke out from the recent sideways consolidation of the past few weeks.  In addition to injecting some much needed momentum into the gold chart,...

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Spot Gold 10 Nov 2010

An interesting and volatile for spot gold yesterday which saw the precious metal reach a high of $1424 per ounce and low of $1383 before closing the gold trading session as a narrow spread down candle but with wicks to both top and bottom, and...

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Gold Price Analysis

Yesterday’s candle on the daily gold spot chart gave us a strong signal once again that the bullish sentiment for the commodity remains firmly in place with the low of the day bouncing off the 40 day moving average and subsequently recovering to hold above...

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Spot Gold Price 1 Nov 2010

Friday’s positive close above all four moving averages for the spot gold price re-established the longer term bullish trend as the gold price ended at $1359.20 per ounce whilst also breaking above the recent sideways price platform.  Despite today’s minor pullback spot gold managed to...

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Spot Gold Analysis 20 Oct 2010

The spot gold price sold off sharply yesterday, along with many other metals in the commodity market, such as copper and silver with crude oil also reacting to the news that China had surprisingly increased its interest rates by 0.25% – news which surprised the...

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Spot Gold Analysis 18 Oct 2010

Spot gold prices paused for breath on Friday staging a modest pullback from the high of $1385.10 and ending as a narrow spread down candle with small wicks to both top and bottom.  Friday’s high just failed to breach the all time for high of...

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Spot Gold Price 7 Oct 2010

The bullish trend for the spot gold price continued higher once again yesterday ending as a relatively narrow spread up candle which touched an intra day high of $1349.60 per ounce before closing marginally lower at $1344.90 per ounce.  This positive sentiment for gold has...

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