Tag Archives: Gold

Spot gold prices are trading modestly higher Thursday, after the U.S. Federal Reserve’s meeting revealed no real surprises. Fed chairman Ben Bernanke said U.S. monetary policy was “more or less in the right place” even though the central bank would not hesitate to unleash another wave of bond purchases if the economy were to additionally […]

Spot gold is trading around $1642 this morning Asia after another strong rally yesterday lifted the metal from $1634.15 to $1649.40 on the back of rising equities and strong earnings from US companies including Apple.

Spot gold is trading around $1542.50 in Asia this morning after a relatively flat end to last week with the metal trading a $1638.65-1647.35 range on Friday. There is little to stimulate direction at the moment with little of note from the G20 at the weekend as trader’s now look towards the forthcoming Fed statement.

Spot gold is trading around $1643 in Asia this morning after a somewhat whippy session yesterday that saw a range of $1631.25-1654.00. The metal however remains rangebound in a wider $1610-1680 bracket and has been weighed down in recent sessions as usual physical demand from India has failed to surface despite the impending Akshaya Tritiya […]

Spot Gold prices slipped off again yesterday and again this morning in Asia. The dip yesterday from highs of $1654.50 to $1638 seen on the back of Spanish debt concerns and a fall in the price of crude oil, where a larger than expected build in crude inventories weighed on prices and dragged the metal […]

Spot gold had a bit of an indifferent day yesterday which has left the metal lagging the risk appetite seen elsewhere. Equity markets soared following strong Spanish auctions amid improved forecasts for global growth from the IMF. Gold failed to keep up with the rally in US crude, closing fractionally lower on the day around […]

Spot gold is trading around $1648.50 in Asia this morning after trading a $1641.40-$1659.50 range yesterday. The metal continues to be range bound with dip buyers surfacing on any falls under $1630 and resistance towards $1680 inducing sellers to emerge.

Spot gold prices are trading down this morning in Asia amid a generally risk off sentiment in the market following further negative press on the EU over the weekend. Comments from French Pres Sarkhozy criticising the ECB’s hard monetary policy, and Germany’s austerity drive along with the widening of China’s Yuan band have led to […]

Spot gold continues to consolidate the gains seen on Tuesday with a somewhat subdued session yesterday and in asia this morning where prices have been tied into a $1653-1663 range. Rekindled talk of possible further QE from the US has led to further safe-haven demand this week for the metal along with concerns in the […]

Spot gold is holding steady in the mid 1650’s this morning in Asia as a renewed surge in safe-haven appetite hauled the metal off lows yesterday of $1632 to $1663.10 in late NY trading.

Spot gold is trading around $1623.50 in Asia this morning in quiet trade ahead of the long weekend. The metal suffered another sharp fall yesterday as risk off sentiment grew in Asia and Europe on concerns over Spain, and was compounded by a poor Spanish bond auction and comments from ECB’s Draghi.