Saturday, January 28th, 2012

GOLD NEWS: Weekly Market Update for the week ending 20th January 2012

Gold breaks through technical resistance, signals turn bullish. Increased buying from India, together with a better investment environment overall, sparked further increases in the price of gold this week. Physical cash gold ended the week at $1665.90, an increase of 1.7% on last week’s closing level and a close above last week’s high of $1662. Greece’s renewed efforts to find a settlement... [Read more]


GOLD NEWS: Weekly Update – Market Review Week Ending 13th January 2012

Gold Continues New Year Rally as US Economy Turns Mixed Gold continued its New Year rally, though dipping from the week’s highs of around $1662 set on Thursday to close the week at $1638.70, a rise of 1.4% on the week. The gold price struggled to make headway on Monday and Tuesday, as early season company reports in the United States seemed to point to a better corporate climate and a meeting... [Read more]


GOLD NEWS: WEEKLY MARKET UPDATE, WEEK ENDING 6TH JANUARY 2012

Gold Rallies as European Economy Weakens Moving into the New Year, and investors hoping for a turnaround in the fortunes of the gold price, and some positives on the gold news front were not disappointed. Gold closed at $1616, moving toward the $1632 level that many market watchers see as key to signalling a lasting sea change for the gold price. Reviewing economic figures released in the Eurozone,... [Read more]


Gold News: Monthly Review December 2011

Gold Weakens to halve Yearly Gain Precious metals eroded most of any gains made through 2012 in December, as values were dominated by news from Europe and downward pressure was exaggerated by a lack of buying from India (as highlighted in this blog last week) December reasonably positively, as European leaders spoke bullishly of the possibility of a new debt relief package and a new treaty for the... [Read more]


GOLD NEWS – WEEKLY MARKET UPDATE WEEK ENDING 23 DECEMBER 2011

A quiet week, full of news, ends with gold subdued Trading volumes were thin through the week as the year draws to a close. Price volatility saw the price of gold bounce from recent lows to as high as $1640, before retreating to $1606 by Friday. The week’s initial rise was provoked by the death of North Korea’s leader, Kim Jong Il, and concerns over the political stability of the region moving... [Read more]