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Spot Gold Prices – Gold Chart 25th June 2009

The correlation between a weak US Dollar and rising gold prices appears to have been ignored yesterday as spot gold prices moved higher gaining $7.72 to finish at $932.62 per ounce in the face of Dollar strength following the FOMC meeting.   The FOMC statement and...

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Spot Gold Price – Gold Price Chart 23rd June 2009

Spot gold experienced a sharp decline yesterday as the commodity market (along with others) was hit by a wave of profit taking and some return of Dollar strength.   In addition with physical gold demand remaining weak and specialist gold backed exchange traded funds not recording...

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Spot Gold Prices – Daily Gold Chart 16th June 2009

Yesterday’s wide spread downbar in the spot gold chart merely reflected the market’s view of the US dollar, which found some support following positive statements from various G8 ministers who reinforced theirs view of the US dollar as a reserve currency.  In addition markets reacted...

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