December gold futures closed the week higher once again ending the gold trading session and the week at $1772.70 per ounce and pushing towards the $1800 per ounce region again. Friday’s trading session was relatively muted following Thursday’s surge higher with gold propelled upwards following...
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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...
December gold futures surge higher in Friday’s trading session
Gold futures surged higher on Friday with the December Comex contract ending the session and week at $1687.60, it’s highest level for over five months. Friday’s surge in the price of gold was largely triggered by weakness in the US dollar, which sold off during...
Gold Futures Analysis 1 June 2012
A hugely positive day for gold bulls today as the precious metal found some very strong momentum breaking through its recent sideways congestion. The strong platform of support in the $1520 per ounce price area provided the springboard and with the price of gold...
Gold Analysis 30 May 2012
Today has been a great day for gold bulls with the price of gold rising almost $20 dollars at time of writing. For online gold trading this move is best seen in our Hawkeye tick charts which are colour coded according to the internal...
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...
Spot Gold 9 Nov 2010
The bullish trend for spot gold shows no sign of abating with the spot gold price surging higher once again yesterday to close at $1405.50 per ounce, having achieved an intra day high of $1410.40. This bullish sentiment has spilled over in today’s gold trading...
Gold Trading Analysis 8 Nov 2010
The longer term bullish trend for the spot gold price continued once again on Friday with the precious metal testing a low of $1343.46, only to close higher once again at $1394.75 ending the gold trading session as a narrow spread up candle but with...
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...
Daily Gold Price
The slide in the spot gold price appears to have come to an end this morning as normal service has once again been resumed following the conclusion of the G20 meeting at the weekend in Korea. The net result is that further dollar weakness is...
Gold Spot Price 22 Oct 2010
The pullback in the spot gold price continued yesterday with a relatively wide spread down candle which closed the gold trading session at $1324.80 per ounce as it re-engages with a temporary bout of inverse correlation with the US dollar. In other words this week’s...
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...
