Archive for the 'Market Updates' Category

Aug 14 2008

Gold Investments Market Update - Gold Fell Sharply in Dollars but not in Euro and Pounds

Published by Mark O'Byrne under Market Updates

Gold
Gold finished trading in New York on Friday at $825.50, up $15.80 and silver was up 37 cents to $14.81. Gold continued to rise in Asian and early European trading and is trading at $831.80/832.40 per ounce (1200 GMT).
The much anticipated bounce in gold occurred yesterday and continued overnight as the dollar weakened and oil [...]

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Aug 12 2008

Gold Investments Market Update - Speculative Paper Sellers V’s Long Term Physical Investors

Published by Mark O'Byrne under Market Updates

Gold
Gold finished trading in New York on Friday at $821.50, down $36.00 and silver was down 71 cents to $14.48. Gold continued to fall in Asian and early European trading and is trading at $809.00/809.60 per ounce (1100 GMT).

Speculative Paper Sellers V’s Long Term Physical Investors
The breach of the psychologically and technically important $845 [...]

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Aug 11 2008

Gold Investments Market Update - Dollar to Weaken Again Against Swiss Franc, Some Asian Currencies and Gold

Published by Mark O'Byrne under Market Updates

Gold
Gold finished trading in New York on Friday at $857.50, down $11.90 and silver was down 92 cents to $15.29. Gold has risen in Asian and early European trading and is trading at $860.10/860.60 per ounce (1230 GMT).
The sharp dollar rally has continued (with the euro falling as low as 1.4927) and this is contributing [...]

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Aug 08 2008

Gold Investments Market Update - Dollar Rallies - Another Dead Cat Bounce?

Published by Mark O'Byrne under Market Updates

Gold
Gold finished trading in New York yesterday at $869.40, down $5.00 and silver was down 25 cents to $16.21. Gold remained largely unchanged in Asian trading but has fallen further in early European trading and is trading at $864.60/864.60 per ounce (0943 GMT).
The continuing rally in the dollar in recent days (has risen as high [...]

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Aug 07 2008

Gold Investments Market Update - Gold Up 31% in First Year of Credit Crisis

Published by Mark O'Byrne under Market Updates

Gold
Gold finished trading in New York yesterday at $874.40, down $4.50 and silver was down 11 cents to $16.46. Gold has again recovered somewhat in Asian and early European trading and is trading at $883.00/883.40 per ounce (1058 GMT).

The credit crisis continues as evidenced in the world’s largest insurer, American International Group, reporting a quarterly [...]

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