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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 Spot Chart 15th May 2009

The following commentary combines two days of gold trading technical analysis owing to problems with the internet.  Wednesday saw gold prices rise to a six week high of $930.60 per ounce on the back of safe haven buying as equity markets retraced, but in afternoon...

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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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Spot Gold – Daily Gold Prices 30th April 2009

Spot gold moved higher yesterday on the back of a weaker US dollar and a continued strengthening in crude oil prices, gaining $3.71 to settle at $894.31/oz, but failing to capitalise on the flight to quality, as equity markets strengthened, capping any gains in later...

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