Home » Posts tagged "spot gold prices" (Page 7)

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...

Continue reading »

Spot Gold Price – Daily Chart 7th April 2009

Spot gold prices fell further again yesterday as suggested in yesterday’s market commentary, closing the day with a wide spread down bar, but more importantly penetrating the next level of support at $885.40, having touched an intra day low of $864.80. Indeed one of my...

Continue reading »

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...

Continue reading »

Gold Prices – 1st April 2009

Yesterday’s candle provided yet more evidence that we are in a period of sideways consolidation for the time being, with an inside day bar on the daily gold chart, with a lower high and a higher low engulfed by the previous day’s trading range, and...

Continue reading »

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...

Continue reading »

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...

Continue reading »

Spot Gold Price Today – 23rd March 2009

Spot gold prices finished slightly lower on Friday on weekend profit taking, with the market catching its breath after a sharp increase following the conclusion of the FOMC meeting last week. As I mentioned in the report last week, traders square positions ahead of the...

Continue reading »

Spot Gold Price – Daily Chart 19th March 2009

Spot gold prices rose sharply in late trading following the announcement by the FED  of a programme of massive quantitative easing which takes the form of purchasing long term Treasuries.  This promptly sent shock waves through the currency, equity, bond and commodity markets on the...

Continue reading »