Tag Archives: Gold

Spot gold is trading around $1669.50 this morning, off from earlier highs of $1674.75 in early Asia following strong weekend release of the Chinese Mfg PMI data. The direction of Gold over the last week or so has largely been dictated by currency moves since the calming of EU debt fears, but the $1684-1690 area […]

Spot gold is trading around $1661 this morning, fractionally above yesterday’s european opening levels of $1658, after a whippy day on Thursday that saw midday highs around $1664 eroded to $1645.25 on risk off sentiment over EU peripheral concerns and falling equities.

Spot gold prices are under pressure again this morning in Asia slipping to recent lows of $1658.35 from early highs of $1665. The move seen as an extension of yesterday’s drop from $1684.60 as dollar strength picks up and concerns over China weigh on sentiment.

Spot gold prices are slipping back again this morning after highs just short of the psychological $1700 level prompted some profit taking following Bernanke’s comments on Monday which sparked a sharp rally. The metal logged a high yesterday of $1697.25 before easing back to close at $1680.70, under the 100 and 200 day MA both […]

Spot Gold is consolidating Friday’s gains trading having closed in NY around $1662. This morning saw a blip higher with early EUR/USD strength in reaction to an article in Der Spiegel that Germany may relax its resistance to a firewall increase in the ESM/EFSF.

Spot gold prices took a sharp dive lower yesterday following broad based risk aversion led by weak PMI data from China and Europe. The commodity sector and equities were all hit hard as fears of weaker growth across Asia and Europe ended the recent rallys.

Spot gold is holding steady around $1650 this morning but off early highs in Asia of $1656.50 after a weaker than expected Chinese PMI release , which saw aussie-dollar kicked sharply lower on fears of a slowdown in the Chinese economy.

Spot gold prices have slipped back in Asia this morning after making modest gains yesterday on the back of further profit taking in the USD. The metal has fallen back this morning $1664.65 to $1654.85 in recent trade having rallied to just short of $1670 in NY last night.

Spot gold prices are firmer this morning in Asia having recovered from the lows seen on Wednesday of $1634.60. A recovery in the EUR/USD as US treasuries rallied has also helped lift the metal which posted highs of $1666.70 in NY yesterday, but latest data out of the US continues to point to a more […]

Spot gold is attempting to stabilize this morning after another sharp drop yesterday as hopes of further QE from the Fed become distant. Long liquidation has been widespread in recent sessions as investors turn out of the metal into equities.

Spot gold prices continue to be weighed down by dollar strength following strong retail sales data out of the US, upbeat outlooks on the US economy from the Fed and no firm pointers towards further QE.