| GLD | 172.295 |  0.00 | ||||
| QCOM | 61.91 |  0.00 | ||||
| S&P 500 | 1444.49 |  +3.82 | ||||
| CRUS | 37.60 |  0.00 | ||||
| SWKS | 22.99 |  0.00 | ||||
| TQNT | 5.0198 |  0.00 | ||||
| INTC | 22.755 |  0.00 | ||||
| PFE | 25.035 |  0.00 | ||||
| 761.78 |  0.00 | |||||
| AAPL | 659.39 |  0.00 |
Thursday 18 October 2012
News on Gold Market Analysis
Tuesday 2 October 2012
Late News
Late News on Gold is Gold was trading at $1720 - significantly below its morning highs. At the same time most of Wall Street had slumped
as Spanish Prime
Minister Mariano Rajoy said a request for rescue funds is not
imminent, defying market speculation that the nation was
preparing to ask for a bailout. Treasuries rose and the euro
trimmed gains.News On Gold
News on Gold and Silver plus events that move markets are all covered on this site.
BullionVault
News on Gold for today is static. After an initial drop Gold soared only to fall back and hover around $1780 per ounce for most of Tuesday morning's London session, just below a new 2012 spot market high touched yesterday following comments from US Federal Reserve policymakers.
Silver Prices hovered just below $35 per ounce, close to seven-month highs, while stocks and the Euro ticked higher despite warnings that Spain is underestimating the amount of recapitalization its banks need.
Commodities were broadly flat, with copper showing some strength, while major government bond prices fell.
A day earlier, Dollar Gold Prices touched a new 2012 high at $17971 per ounce during Monday's US session, while the Gold Price in Euros set a fresh all-time record at €44,583 per kilo (€1386 per ounce).
"The gains were prompted by Fed President Evans' comments that the quantitative easing measures adopted [by the Fed last month] did not go far enough," reckon analysts at Commerzbank.
"On top of this, Fed Chairman Bernanke expressed concern about weak economic growth, making additional bond purchases a possibility... In a climate of ultra-loose monetary policies and the relentless Eurozone debt crisis, demand for gold as a store of value and alternative currency is likely to remain strong."
Exposed! Five Myths of the Gold Market
Claim a gram of FREE GOLD today, plus a special 18-page
PDF report, and find out:
News on Gold for today is static. After an initial drop Gold soared only to fall back and hover around $1780 per ounce for most of Tuesday morning's London session, just below a new 2012 spot market high touched yesterday following comments from US Federal Reserve policymakers.
Silver Prices hovered just below $35 per ounce, close to seven-month highs, while stocks and the Euro ticked higher despite warnings that Spain is underestimating the amount of recapitalization its banks need.
Commodities were broadly flat, with copper showing some strength, while major government bond prices fell.
A day earlier, Dollar Gold Prices touched a new 2012 high at $17971 per ounce during Monday's US session, while the Gold Price in Euros set a fresh all-time record at €44,583 per kilo (€1386 per ounce).
"The gains were prompted by Fed President Evans' comments that the quantitative easing measures adopted [by the Fed last month] did not go far enough," reckon analysts at Commerzbank.
"On top of this, Fed Chairman Bernanke expressed concern about weak economic growth, making additional bond purchases a possibility... In a climate of ultra-loose monetary policies and the relentless Eurozone debt crisis, demand for gold as a store of value and alternative currency is likely to remain strong."
Exposed! Five Myths of the Gold Market
Claim a gram of FREE GOLD today, plus a special 18-page
PDF report, and find out:
- What's been driving this record bull-run in gold?
- Why most investors are WRONG about gold & inflation
- How to buy gold — at low cost with no hassle
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