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Gold Prices – Spot Gold Chart 8th April 2009

Gold prices finished higher yesterday gaining almost 10 dollars on the day, as some investors used recent pullbacks as a buying opportunity whilst others preferred to cover their short positions. As the equity markets declined for the second day in a row the need for...

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Gold Price Today – 3rd April 2009

With stock markets around the world reacting positively to the G20 summit communique yesterday in London, gold prices fell on the day, and closed with a wide spread down bar which finished below all three moving averages. However, it is interesting to note that the...

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Gold Prices – 27th March 2009 Daily Candle Chart

Spot gold prices finished marginally lower yesterday on the daily candle chart, losing a mere 78 cents in a day dominated by indecision as markets participants didn’t want to commit too much capital and instead preferred to stay on the sidelines, scrutinising Washington for the...

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Spot Gold Prices – Daily Chart 24th March 2009

Spot gold prices continued to be hurt by profit taking as risk aversion waned following the Treasury Department’s unveiling of a program that may generate $1 trillion in financing, with the Dow Jones Industrial Average soaring nearly 500 points on the news. Plans to buy...

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Spot Gold Prices Today – 27th February 2009

We saw a continuation of profit taking in spot gold yesterday which was mainly attributed to fresh optimism in equities compared to earlier in the week with the Dow Jones up for most of the day before falling to steady levels. The inability to break...

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Spot Gold Prices Today – 24th February 2009

Gold prices headed south in early trading yesterday as some investors decided to take profits off table pushing the price of gold to an intraday low of $975.05/oz. The move brought in bargain hunters and a sell off in the equities markets, and with the...

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Spot Gold Prices – February 16th 2009

Spot gold closed lower on Friday as investors took profits off the table ahead of the long weekend in the US with the markets closed on Monday in the US for Presidents Day. The move came a day after gold prices reached their highest level...

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Spot Gold Price – February 13th 2009

Despite talks of deflation for the rest of economy, spot gold moved up again yesterday as market participants increasingly looked for a safe haven amid a bleak economic outlook, and  as I suggested in yesterday’s post, so I hope you followed the advice. However, I...

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