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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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Spot Gold Prices – Gold Chart 23rd April 2009

Continuing worries in the financial sector and nervousness about the forthcoming results of the bank stress tests combined with a lower dollar all helped the spot gold price to move higher yesterday.  Gold prices were also given a boost by some short covering and inflation...

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Gold Prices – Gold Chart 15th April 2009

From a technical perspective, yesterday’s gold trading, provided a narrow spread down candle with small wicks to the top and bottom and suggestive of a spinning top, closing the session between the 9 day and 14 day moving averages. More significantly gold prices failed to...

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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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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...

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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 26th March 2009

Spot gold prices moved higher yesterday on a weaker US dollar and uncertainty in the currency markets following comments from Treasury Secretary Timothy Geithner saying that the US would be open to an expansion of the International Monetary Fund’s Special Drawing Rights program. Further support...

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