Archive for July, 2008

Jul 28 2008

Gold Investments Market Update - Option Markets Point to $1,200 Gold in the Coming Months

Published by Mark O'Byrne under Market Updates

Gold
Gold finished trading in New York on Friday at $928.40, up $6.00 and silver was up 12 cents to $17.34. Both gold and silver experienced further falls last week on falling oil and commodity prices and tentatively stronger dollar and equity markets.
Gold was up early in European trading but has succumbed to selling pressure on [...]

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Jul 25 2008

Gold Investments Market Update - Swiss Central Bank Gold Sales Minimal due to Likely Increasing Demand from Sovereign Wealth Funds and Many Central Banks

Published by Mark O'Byrne under Market Updates

Gold
Gold finished trading in New York yesterday at $922.20, down 50 cents and silver was down 16 cents to $17.22. Gold has rallied in Asia and in early European trading.

While oil is up slightly and the dollar is down slightly, gold is likely to be up on bargain hunting and safe haven buying. The 100 [...]

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Jul 24 2008

Gold Investments Market Update - Gold Nearing Traditional Summer Lows Prior to Rallying Strongly into Autumn - Important Charts

Published by Mark O'Byrne under Market Updates

Gold
Gold finished trading in New York yesterday at $922.70, down $25.50 and silver was down 55 cents to $17.38.
Gold has rallied in Asia and in early European trading with bargain hunting buying. Traders and investors with more medium to long term horizons realise that the speed and depth of the sell off is overdone. Especially [...]

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Jul 23 2008

Gold Investments Market Update - U.S. Bankruptcy To Become A Foregone Conclusion?

Published by Mark O'Byrne under Market Updates

Gold
Gold finished trading in New York yesterday at $948.20, down $15.20 and silver was down 44 cents to 17.93. Gold continued to fall in Asia and in early European trading it is down by nearly 1.3%.
Gold was due a correction after its recent surge in price and remains up some 6% in the last month [...]

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Jul 22 2008

Gold Investments Market Update - Gold Analysts Revise Up Gold Price Forecasts

Published by Mark O'Byrne under Market Updates

Gold
Gold finished trading in New York yesterday at $963.40, up $7.00 and silver was up 25 cents to $18.37. Gold traded sideways to slightly up in Asia before rising in early European trading by nearly 1%.
Gold remained firm and the dollar was under steady selling pressure for much of the day yesterday and remained so [...]

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