The Gold Blog

The Bank of International Settlements, which seems to be the only institution that tracks the derivatives market, has recently reported that global outstanding derivatives have reached 1.14 quadrillion dollars: $548 Trillion in listed credit derivatives plus $596 trillion in notional/OTC derivatives.

Yes, that is Quadrillion. One and 15 zeroes!

Gold
Gold closed at $884.40 in New York yesterday and was down 17.30 cents; silver closed at $16.76, down 57 cents.
Gold rallied in Asia and in early European trading to recover some of yesterday’s sharp losses. Oil has risen to near record highs, above $138 a barrel again this morning and the dollar has given [...]

Gold
Gold closed at $901.70 in New York on Friday and was down 40 cents; silver closed at $17.33, up 1 cent. Gold was up over 4% last week and the close above $900 may prove important from a technical point of view in the coming weeks.
Gold remained strong in Asia and in early [...]

Gold
Gold closed at $891.30 in New York yesterday and was up $6.90; silver closed at $17.31, up 26 cents. Since then gold has again traded in a range between $885 and $895 in Asian and in early European trading this morning.
Gold rose in early trading in Europe when oil prices rose on news that Anglo-Dutch [...]

Gold
Gold closed at $884.20 in New York yesterday and was up $1.00; silver closed at $17.05, down 19 cents. Since then gold has again traded in a range between $880 and $890 in Asian and early European trading this morning.
Gold remains firm after the poor economic data from the U.S. yesterday which showed that housing [...]