The Gold Blog

Gold and silver were flat yesterday and have remained unchanged in Asian and early European trading. Gold is set for a fourth straight week of gains on safe haven demand and on the likelihood of further dollar declines with further reductions in U.S. and international interest rates and further quantitative easing next month.
Euro gold and [...]

Both gold and silver fell slightly yesterday as the dollar and stock markets rallied on renewed increasing risk appetite. Euro gold and British pound gold remained near record highs of €628 and £532.
Gold has traded sideways in Asian and early European trading despite the horrendous terrorist attacks in India. Unfortunately, they show that the world [...]

On the foot of recent reports that China is planning to diversify some of its massive foreign exchange reserves into gold, The Central Bank of the Russian Federation has released its latest data on its own foreign holdings (see here for original report).
The latest data shows the continuing trend that Russia has been quietly and [...]

Gold was largely unchanged yesterday after rallying to as high as $830 and has traded sideways in Asian and early European trading.
Open interest levels in gold and silver on the COMEX have fallen to extremely low levels showing that nearly all the speculative froth has been liquidated and remaining longs are “strong hands”. The gold [...]

Gold has given up some of yesterday’s and the last four days’ gains. Profit taking seems the most likely explanation as the dollar remains largely flat but the weakness in oil may be contributing to gold’s weakness. Continuing unprecedented volatility in markets is leading to further safe haven demand.

Golden gains
Gold touched $829 per troy ounce [...]