Spot gold prices had a good day yesterday gaining $6.80 to finish at $939.15 per ounce despite a neutral US dollar and more as a result of the somewhat anodyne statement from the FED and comments from a Chinese official suggesting that China would consider...
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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...
Price Of Gold – Daily Spot Gold Price Chart 24th June 2009
Despite some bearish fundamentals which are beginning to suggest some liquidations in gold backed exchange traded funds it was, in fact, a weaker dollar and a rise in crude oil prices which stemmed the fall in spot gold prices. Spot gold initially fell in early...
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...
Spot Gold Prices – Gold Chart Technical Analysis 22nd June 2009
Spot gold prices continued to consolidate sideways in the face of a complete lack of fundamental news in tandem with all other markets as gold traders wait for the catalyst which many believe will be forthcoming this week sparking a considerable degree of volatility and...
Spot Gold Prices – Gold Chart Latest Price 19th June 2009
With spot gold prices currently in consolidation mode it is sometimes useful to remember that there are seasonal and cultural factors which can affect the spot gold price, factors which we have to take into account when analysing the gold chart. Historical data suggests that...
Spot Gold Prices – Daily Gold Chart 18th June 2009
The most important aspect of yesterday’s candle on the daily gold chart was the support provided by the 40 day moving average which seems to provide an encouraging signal that the recent reversal in spot gold prices may have found a springboard from which to...
Spot Gold Prices – Current Gold Price Chart 17th June 2009
Despite a mixed and, at times even contradictory, fundamental picture yesterday of a weaker US dollar, stronger crude oil prices yet better than expected US housing data, spot gold prices ended the day $3.65 higher to settle at $934.00 per ounce, as investor attitude to...
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...
Spot Gold Price – Latest Gold Prices Daily Chart 15th June 2009
Last week’s price action in spot gold prices reflected the indecision across all markets as investors begin to realise that the road to recovery is likely to be much longer and slower than originally anticipated. In addition the fear that inflation will return as a...
Spot Gold Prices – Gold Price Chart 12th June 2009
The question today for spot gold prices is whether we are going to see yet another long legged doji on the daily gold chart to make it five in a row, and a full house on the week. Having initially moved lower in early trading...
Spot Gold Prices – Daily Gold Chart 10th June 2009
Yesterday’s modest recovery in the spot gold price, was primarily as a result of a re-emergence of dollar weakness and the price of gold ended the day $1.95 higher to settle at $955.75 per ounce. Technically we are now approaching a delicate and potentially complex...
