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Spot Gold Prices – Daily Gold Chart 1st June 2009

Generalised and increasing US dollar weakness continues to drive the spot gold price ever higher as it touched $980.17 per ounce last Friday.  Whilst this inverse correlation always boosts the price of gold other factors such as inflation fears and worries about the US’s fiscal...

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Gold Spot Price – Daily Gold Chart 18th May 2009

Friday’s decline in equity markets boosted the spot gold price as gold traders and investors begin to fret about inflation as governments continue with quantitative easing programmes and stimulus packages in an effort to halt the slide in the global economy.  As a result the...

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Gold Spot Price – Gold Chart 12th May 2009

On a day which lacked any fundamental news of any significance spot gold prices were confined to Friday’s trading range although some price support did come in from falls in both equities and the oil market.  Spot gold prices eventually ended the day $3.05 lower,...

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Gold Spot Price – Gold Chart 11th May 2009

Slightly better than expected non farm payroll data prompted gold traders into a round of profit taking as equity markets responded favourably to the possibility of a flattening in unemployment and a small positive signal that the worst may now be over.  However, the late...

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Gold Spot Price – Gold Chart 8th May 2009

Yesterday’s strong move upwards in spot gold prices in the morning, failed to follow through in the afternoon and evening session as the spot gold market absorbed all the various items of fundamental news and investors took the opportunity to take some profits ahead of...

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