Spot prices were as follows:
Gold Platinum Palladium Silver Platinum Palladium The euro rose against the U.S. currency for a second day after French President Nicolas Sarkozy said yesterday that euro- region nations are “ready” to help Greece. The yen fell against all 16 of its major counterparts as stocks rose in Europe and Asia, damping demand for the currency as a haven. The Markit iTraxx SovX Western Europe Index of credit-default swaps on 15 governments fell for a seventh-straight day. “The market is getting more comfortable that Greece’s problems are not going to spill over to other countries, such as Spain and Portugal,” said Paul Robinson, a currency strategist at Barclays Capital in London. “Riskier currencies are outperforming the safer ones.” The yen fell 0.4 percent to 123.44 per euro as of 8:25 a.m. in London, and traded at 90.31 per dollar from 90.28 in New York on Friday. The dollar dropped 0.3 percent against the euro and 0.7 percent against the Korean won. Platinum Palladium Platinum Palladium Platinum Palladium Platinum Palladium Platinum Palladium Gold for immediate delivery traded at $1,118.70 an ounce by 2:07 p.m. in Singapore. It rose as much as 0.2 percent earlier, set for the longest winning streak since the three days ended Jan. 4. Silver added as much as 1.4 percent to $16.7075 an ounce, the highest price since Feb. 3, before trading at $16.6125. Crude oil rose for a second day, triggering gains in corn and soybeans, after the U.S. economy expanded at 5.9 percent in the fourth quarter, the most in six years. Copper jumped to an 11-month high in New York on concern an earthquake in Chile, the world’s largest producer, may disrupt supplies. “Gold’s being supported by the strength we’re seeing in the other commodities like oil and metals,” said Lin Jihan, an analyst at Ningbo Shanli Futures Co. “The dollar’s been driving the direction of gold in the past few weeks and this will continue for a while.” The dollar strengthened for the first day in four against the euro, on speculation European Union Monetary Affairs Commissioner Olli Rehn will today push Greece to deepen planned spending cuts to reduce its budget deficit. Among other precious metals for immediate delivery, platinum was little changed at $1,542.80 an ounce, while palladium fell 0.4 percent to $430.60 an ounce. Platinum Palladium Platinum Palladium Platinum Palladium Platinum Palladium Platinum Palladium Thoughts on the latest IMF gold sale announcement suggest only a temporary, and small, gold price setback. But there's nothing new here. It has long been known that the IMF gold would be available - although following India's purchase of 200 tonnes of it late last year some gold investors had pinned their expectations on all the IMF gold being sold off-market to other Central Banks - which may indeed still happen. The amount is relatively small - much larger amounts have been released onto the market by Central Banks over the past few years without interrupting gold's upwards path, so the knee-jerk reaction in driving the gold price down, although not surprising, is almost certainly an overreaction to the statement - although in itself has only been a fall of less than 2% at the time of writing - hardly a collapse. We are indebted to gold believer Jim Sinclair's website - www.jsmineset.com - for the publication of the following comment on the IMF gold sales announcement from Dan Norcini - a Texas-based commodities trader who writes under the name of Trader Dan. "After the pit session trade had already closed for the day in New York, news came out that the IMF was planning on selling the remainder of 403.3 tons of gold, 191.3 to be exact, on the open market. Gold was immediately taken down hard in the thin trading conditions, dropping more than $14 on the day. There are several things about this that should be noted. First is the timing - it comes on the heels of a resumption of the uptrend in gold with many technical indicators having moved into the buy mode. It also coincides with another brand new all time high in the price of Gold priced in Euro terms at the London PM Fix. Those of us who have been around the gold market long enough know full well that the timing of this announcement is therefore no coincidence but was timed to attempt to derail the returning bullish sentiment in the yellow metal. Why announce the sale publicly which is guaranteed to receive a lower price for the metal than if the IMF had just quietly sold the metal into the market. This is reminiscent of then Prime Minister Gordon Brown's announcement that England intended to sell its hoard of gold. That guaranteed that Britain would receive the lowest price possible. Secondly, China was one-upped by India's purchase of some 200 tons of gold late last year and got caught flat footed. The spin on this gold sale is that the IMF announcing that they would sell the gold into the open market means that Central Bank demand for gold is not as vibrant as the market was led to believe. That is an interesting tall tale. The simple truth is that Central Banks do not generally buy gold and announce their intentions to do so beforehand. Neither do they tend to buy when prices are moving higher as the momentum based hedge funds do. Time and time again we have seen that the CBs buy gold during episodes of price weakness. Once news hit the wire last year that India had bought 200 tons of gold, the price never looked back and shot straight to $1220+. Any Asian Central Bank that missed buying the gold as a result is certainly not going to panic and rush into the market to obtain it. They are waiting for lower prices where they will acquire the metal. To state therefore that Central Bank demand for gold must not be as robust as originally thought is quite shallow analysis. My view is that this announcement means nothing in the longer term scheme but was rather a cheap trick to take the market lower. We have already seen this week how some noted elites were pooh-poohing gold and trash talking the metal all the while they were acquiring a position in it. Nothing ever changes in this gold market. It is still one of the least transparent markets on the planet and perhaps the most prone to official sector interference. Do not be disturbed by the news. It is probably going to be a one or two day wonder and then that will be it. Gold will then go back to trading the currencies taking its cues from the action in the Dollar. Incidentally, this sale is supposedly going to be phased in over an extended period of time. Rest assured, the IMF would love nothing better than to sell the whole 191 tons in one lump sum to another Asian Central Bank." Now Trader Dan's take on Asian Central Bank interest may, or may not, come about, but even without any such announcement of a Central Bank taking more IMF gold one feels there remains enough investor interest in the yellow metal to shrug off the announcement and any subsequent sales on the open market - although as Jim Sinclair points out the IMF rules prohibit it from selling gold on the true open market and thus it would probably need to auction its gold in relatively small tranches. Gold proponents will view the downturn in the gold price as yet another buying opportunity with gold set for movement to higher levels as the year progresses. Even if this doesn't happen, the IMF's proposed sale certainly in itself does not suggest a strong impact on the metal's prospects. The amounts involved are too small. The International Monetary Fund says it will soon begin a planned sale of a remaining 191.3 tonnes of gold to raise funds for lending operations But a drop of 1 percent in gold prices after Wednesday's news showed the market still cautious about future IMF sales -- nearly four months after India's purchase of 200 tonnes boosted the country's gold holdings to the 10th largest among central banks. The open-market sales, which are part of a programme launched last year, "will be conducted in a phased manner over time" to avoid disruptions of the gold market. The fund left the door open for central banks to keep buying the gold directly from the IMF. "To be honest, the market has expected this news somewhere along the line. They are probably approaching several central banks, but probably not the European ones at the moment," said Darren Heathcote, head of trading at Investec Australia. Referring to worries about Greece's fiscal health that weigh on the euro, he said, "They are probably a little bit strapped for cash, aren't they?" Gold XAU= slipped to $1,103 an ounce in Asia after volatile trade on Wednesday, when it hit an intraday high of $1,126.85 an ounce, its strongest since Jan. 20, before tumbling to below $1,110 after the IMF announcement. The price of gold has increased by 20 percent over the past two years. It struck a record of $1,126.10 early in December last year, partly driven by the prospects of more buying from central banks. The IMF announced last year it would sell 403.3 tonnes of gold, about one-eighth of its total stock, to diversify its sources of income and increase low-cost lending to poor. Until now, the gold has only been made available to central banks on a first-come-first-serve basis. So far, India -- the world's biggest consumer of gold -- Mauritius and Sri Lanka have purchased a total of 212 tonnes of gold from the IMF. IMF TO CONTINUE SELL GOLD IMF Finance Director Andrew Tweedie told IMF Survey publication the average price for the three sales was a little over $1,050 an ounce, generating about $7.2 billion in proceeds and a profit of about $4.5 billion over the book value of the gold in the IMF's accounts. The IMF said central banks could continue to buy the gold, which would reduce the amount of gold available for sale on the open market. "We are still open to off-market sales, so that window has not closed," Tweedie said, adding: "All that has happened now is that we are moving to also start on-market sales." He said the sales would be based on market prices. The sales have been conducted within a newly agreed Central Bank Gold Agreement, which limits sales to 400 tonnes annually and 2,000 tonnes in total over five years beginning Sept. 27, 2009. Tweedie said a key element of the on-market sales was that they would be carefully phased over time. "This is the practice that other central banks have followed successfully, and we plan to adopt a similar approach," he added. Analysts said the announcement took some wind out of the gold rally, but dismissed concerns the open-market sales would have a lasting impact. "I think they want to test the market, whether the central banks want to buy at this level. They haven't sold the rest of reserves after the Indian buying," said Ronald Leung, director of Lee Cheong Gold Dealers in Hong Kong. "I think towards $1,000, you may see better demand," he added. Phillip Swagel, economics professor at McDonough School of Business at Georgetown University in Washington, said IMF gold stockpiles were not generating any income and the gold sales was one way of diversifying its assets. "I don't think it signifies a change in the status of gold in the world economy. It is more to do with a change in the role of the IMF in the world economy," he added. Platinum Palladium Silver Platinum Palladium Silver Platinum Palladium Gold Silver Platinum Palladium The ever growing purchasing power of the Chinese and Indian general populations throws bearish fundamental analyses of the gold market into disarray. What is particularly important for gold market followers is that both nations' populations seem to have an inbuilt propensity to hold gold. For India this has always been the case. For the Chinese it is a more recent phenomenon, perhaps because it is only recently that much of the general populace has had the wherewithal to invest, but basically it is a desire which is prevalent throughout virtually all Far Asian nation states. Both China and India have populations which dwarf those of Western nations, and both are becoming increasingly urbanised. In both countries the people are building wealth at an unprecedented rate which means more and more people are entering the consumer classes. The rise in sales of perhaps previously unattainable items in urban China has been phenomenal. Mobile phones are glued to almost every ear, TV in the households is virtually the norm rather than the exception, white goods are seeing huge increases in sales and Chinese auto demand is booming to the extent sales are exceeding those of King Car - the U.S.A. Indian sales growth too is also surging and although still well behind China in its development, the potential is equally as big. Some five months ago Mineweb published an article which went virtually viral on the internet noting that Chinese state controlled entities were actively promoting gold and silver as investments to the general populace - see 2009's Top Story: China pushes silver and gold investment to the masses. A little later we referred to Indian state entities doing much the same thing - see In India even the Post Office sells gold coins. Now even if a tiny fraction of India and China's huge populations are seduced into putting some of their savings into gold - and in both countries there is a culture which supports savings (of which gold can be seen as a part) which has long been forgotten in the West. What an impact this can have on the gold market globally. 5 million sales of 10 gram gold bars or coins (a very small investment for a tiny proportion (0.2%) of China and India's combined population of some 2.5 billion people) amounts to 500 tonnes of gold - a little more than 20% of global gold production. Whatever some analysts and economists say about gold fundamentals not supporting a gold price increase, the likely growth in demand from personal investment in the East could confine such basic statistical analyses to the rubbish heap. And this does not take into account any Asian Central Bank gold purchases. India certainly set a trend with the purchase at one fell swoop of almost half the IMF gold on offer, China is known to be building up its reserves, but no-one, apart from the Chinese themselves, really knows the extent of its increase in gold holdings in various government coffers, and other Eastern and Middle Eastern nations also have a propensity towards buying gold, albeit perhaps on a much smaller scale, as they try to diversify some of their national reserves away from the U.S. Dollar, which is seen as in a long term value decline. So where does this leave us on the gold front? If the above prognosis is anywhere near the truth then current fundamental analyses are bunk, Nouriel Roubini s take on the situation included! Let the economists stick to fundamental analyses on global monetary flows and economies which tend to follow more set patterns. There are too many unknowns and uncertainties involved in tracking fundamentals for a commodity like gold where much of the demand can be down to a large section, and a growing one in terms of wealth and numbers, of the global population's inbuilt perception of seeing the yellow metal as the ultimate store of wealth, or even as adornment to demonstrate their wealth and position to their fellows. Normal production and consumption statistics can only form an incomplete part of the overall picture. Yesterday was the start of the Chinese New Year - the year of the Tiger - and a Metal year to boot. Make of that what you will. According to some Chinese horoscopes the year is likely to be a turbulent one, but also beneficial to organizations associated with Metal, which would, of course, include gold mining. With Metal years supposedly also particularly associated with silver and gold among others, this could bode well for the precious metals this year. After all it's not whether we believe in the Chinese horoscope or not - the key is whether a significant proportion of the 1.35 billion Chinese believe in what it portends for the year ahead and act accordingly!
----------------------------------------------------------------------------------- “There’s a little bit of risk off,” said Steve Butler, director of foreign-exchange trading in Toronto at Bank of Nova Scotia, Canada’s third-largest lender. China’s decision to slow lending has “a lot to do with it,” he said. The Canadian currency slid 0.1 percent to C$1.0512 per U.S. dollar at 4:14 p.m. in Toronto, from C$1.0499 yesterday, when it reached C$1.0480, the strongest level since Jan. 22. One Canadian dollar buys 95.13 U.S. cents. The U.S. dollar advanced 0.6 percent to 1.8544 Brazilian reais and added 1.2 percent to 7.7175 South African rand after China ordered banks to set aside more deposits as reserves for the second time in a month to cool the fastest-growing economy. The loonie, as the Canadian currency is nicknamed for the image of an aquatic bird on the C$1 coin, increased 1.8 percent versus the U.S. dollar this week. Shorter-maturity government bonds rose today, pushing the yield on Canada’s two-year security down 3 basis points, or 0.03 percentage point, to 1.34 percent. The price of the 1.5 percent security maturing in March 2012 advanced 6 cents to C$100.32. The yield has increased 9 basis points this week. Canada’s dollar appreciated to the highest level versus the euro in more than two years as traders sold the common currency on concern a European Union agreement to help Greece contain its budget deficit will fall short. ----------------------------------------------------------------------------------- Platinum Palladium Silver Platinum Palladium
Today...$1,122.90
Change....-$1.30
Week Ago...$1,137.50
Month Ago...$1,077.40
Year Ago...$917.80
Silver
Today...$17.36
Change...+$0.06
Week Ago...$17.08
Month Ago...$15.47
Year Ago...$12.99
Today...$1,599.60
Change...-$3.20
Week Ago...$1,577.80
Month Ago...$1,506.80
Year Ago...$1,064.00
Today...$472.50
Change...-$3.20
Week Ago...$446.90
Month Ago...$419.50
Year Ago...$203.00
-----------------------------------------------------------------------------------
March 09, 2010
Spot prices were as follows:
Gold
Today...$1,124.20
Change....-$11.90
Week Ago...$1,118.20
Month Ago...$1,065.50
Year Ago...$942.70
Today...$17.30
Change...-$0.11
Week Ago...$16.48
Month Ago...$15.11
Year Ago...$13.36
Today...$1,602.80
Change...+$22.30
Week Ago...$1,546.40
Month Ago...$1,485.70
Year Ago...$1,080.00
Today...$475.70
Change...-$3.70
Week Ago...$439.05
Month Ago...$410.00
Year Ago...$207.30
-----------------------------------------------------------------------------------
March 08, 2010
Yen, Dollar Drop on Signs Greece May Receive European Support
The yen and the dollar fell against higher-yielding currencies on speculation that wealthier European nations would rescue Greece financially if needed, reducing the perceived risk of debt defaults throughout Europe.
-----------------------------------------------------------------------------------
March 06, 2010
Spot prices were as follows:
Gold
Today...$1,136.10
Change....+$2.50
Week Ago...$1,119.70
Month Ago...$1,053.10
Year Ago...$926.00
Silver
Today...$17.41
Change...+$0.21
Week Ago...$16.54
Month Ago...$14.87
Year Ago...$13.13
Today...$1,580.50
Change...-$6.60
Week Ago...$1,544.40
Month Ago...$1,477.90
Year Ago...$1,065.90
Today...$479.40
Change...+$13.40
Week Ago...$434.05
Month Ago...$399.20
Year Ago...$203.30
-----------------------------------------------------------------------------------
March 05, 2010
Spot prices were as follows:
Gold
Today...$1,133.60
Change....-$9.40
Week Ago...$1,108.60
Month Ago...$1,064.20
Year Ago...$906.70
Silver
Today...$17.20
Change...-$0.15
Week Ago...$16.15
Month Ago...$15.40
Year Ago...$12.90
Today...$1,587.10
Change...+$3.30
Week Ago...$1,533.80
Month Ago...$1,516.80
Year Ago...$1,046.90
Today...$466.00
Change...+$15.05
Week Ago...$426.00
Month Ago...$411.10
Year Ago...$202.10
-----------------------------------------------------------------------------------
March 04, 2010
Spot prices were as follows:
Gold
Today...$1,143.00
Change....+$5.50
Week Ago...$1,098.20
Month Ago...$1,112.20
Year Ago...$912.60
Silver
Today...$17.35
Change...+$0.27
Week Ago...$15.97
Month Ago...$16.36
Year Ago...$12.73
Today...$1,583.80
Change...+$6.00
Week Ago...$1,509.50
Month Ago...$1,578.30
Year Ago...$1,037.10
Today...$450.95
Change...+$4.05
Week Ago...$423.00
Month Ago...$439.10
Year Ago...$195.90
-----------------------------------------------------------------------------------
March 03, 2010
Spot prices were as follows:
Gold
Today...$1,137.50
Change....+$19.30
Week Ago...$1,104.10
Month Ago...$1,117.30
Year Ago...$942.80
Silver
Today...$17.08
Change...+$0.60
Week Ago...$15.92
Month Ago...$16.79
Year Ago...$12.94
Today...$1,577.80
Change...+$31.40
Week Ago...$1,513.00
Month Ago...$1,582.00
Year Ago...$1,091.00
Today...$446.90
Change...+$7.85
Week Ago...$435.55
Month Ago...$447.10
Year Ago...$200.15
-----------------------------------------------------------------------------------
March 02, 2010
Spot prices were as follows:
Gold
Today...$1,118.20
Change....-$1.50
Week Ago...$1,114.00
Month Ago...$1,104.40
Year Ago...$942.80
Silver
Today...$16.48
Change...-$0.06
Week Ago...$16.25
Month Ago...$16.70
Year Ago...$12.94
Today...$1,546.40
Change...+$2.00
Week Ago...$1,534.50
Month Ago...$1,542.00
Year Ago...$1,091.00
Today...$439.05
Change...+$5.00
Week Ago...$445.90
Month Ago...$432.30
Year Ago...$200.15
-----------------------------------------------------------------------------------
March 01, 2010
Gold May Climb, Set for Longest Winning Streak in Two Months
Gold, little changed in Asian trading, may gain for a third day as investors buy commodities on expectations economic growth will spur demand for raw materials. Silver climbed to a one-month high.
-----------------------------------------------------------------------------------
February 27, 2010
Spot prices were as follows:
Gold
Today...$1,119.70
Change....+$11.10
Week Ago...$1,123.00
Month Ago...$1,098.90
Year Ago...$943.50
Silver
Today...$16.54
Change...+$0.39
Week Ago...$16.44
Month Ago...$16.87
Year Ago...$13.00
Today...$1,544.40
Change...+$10.60
Week Ago...$1,545.20
Month Ago...$1,534.00
Year Ago...$1,055.00
Today...$434.05
Change...+$8.05
Week Ago...$445.50
Month Ago...$429.90
Year Ago...$199.75
-----------------------------------------------------------------------------------
February 26, 2010
Spot prices were as follows:
Gold
Today...$1,108.60
Change....+$10.40
Week Ago...$1,118.70
Month Ago...$1,097.50
Year Ago...$966.00
Silver
Today...$16.15
Change...+$0.18
Week Ago...$16.08
Month Ago...$17.18
Year Ago...$13.92
Today...$1,533.80
Change...+$24.30
Week Ago...$1,523.10
Month Ago...$1,549.20
Year Ago...$1,064.00
Today...$426.00
Change...+$3.00
Week Ago...$436.65
Month Ago...$442.85
Year Ago...$204.70
-----------------------------------------------------------------------------------
February 25, 2010
Spot prices were as follows:
Gold
Today...$1,098.20
Change....-$5.90
Week Ago...$1,120.40
Month Ago...$1,090.00
Year Ago...$970.20
Silver
Today...$15.97
Change...+$0.05
Week Ago...$16.05
Month Ago...$17.00
Year Ago...$14.04
Today...$1,509.50
Change...-$3.50
Week Ago...$1,541.00
Month Ago...$1,547.60
Year Ago...$1,054.00
Today...$423.00
Change...-$12.55
Week Ago...$441.00
Month Ago...$441.40
Year Ago...$205.40
-----------------------------------------------------------------------------------
February 24, 2010
Spot prices were as follows:
Gold
Today...$1,104.10
Change....-$9.90
Week Ago...$1,119.90
Month Ago...$1,090.00
Year Ago...$994.50
Silver
Today...$15.92
Change...-$0.33
Week Ago...$16.17
Month Ago...$17.00
Year Ago...$14.51
Today...$1,513.00
Change...-$21.50
Week Ago...$1,541.50
Month Ago...$1,547.60
Year Ago...$1,083.50
Today...$435.55
Change...-$10.35
Week Ago...$433.50
Month Ago...$441.40
Year Ago...$202.50
-----------------------------------------------------------------------------------
February 23, 2010
Spot prices were as follows:
Gold
Today...$1,114.00
Change....-$9.00
Week Ago...$1,089.50
Month Ago...$1,090.00
Year Ago...$1,001.40
Silver
Today...$16.25
Change...-$0.19
Week Ago...$15.48
Month Ago...$17.00
Year Ago...$14.55
Today...$1,534.50
Change...-$10.70
Week Ago...$1,513.00
Month Ago...$1,547.60
Year Ago...$1,102.50
Today...$445.90
Change...+$0.40
Week Ago...$420.75
Month Ago...$441.40
Year Ago...$219.70
-----------------------------------------------------------------------------------
February 22, 2010
IMF gold sales - price downturn a "one or two day wonder"
For those few who may have missed the news, but noted a sharp fall overnight in the gold price, the IMF made an after-hours announcement that it was planning to sell the remaining 191.3 tonnes of its 403.3 tonnes of gold on the market - shortly but in an orderly fashion over time so as not to disrupt the gold price. Even so, the announcement led to a fairly sharp marking down of the gold price overnight in the U.S. and on Eastern markets - and this morning the drop continued in Europe pushing gold back down below the $1100 level, but perhaps very briefly. It is too early to assess the longer term impact of the announcement.
-----------------------------------------------------------------------------------
February 21, 2010
Asian central banks tagged as potential buyers for 191.3 tonnes of IMF gold
The International Monetary Fund said it would soon begin a planned sale of a remaining 191.3 tonnes of gold to raise new resources for lending, with traders saying it may seek buyers among Asian central banks.
-----------------------------------------------------------------------------------
February 20, 2010
Spot prices were as follows:
Gold
Today...$1,123.00
Change....+$4.30
Week Ago...$1,089.50
Month Ago...$1,140.60
Year Ago...$975.50
Silver
Today...$16.44
Change...+$0.36
Week Ago...$15.48
Month Ago...$18.80
Year Ago...$14.06
Today...$1,545.20
Change...+$22.10
Week Ago...$1,513.00
Month Ago...$1,640.50
Year Ago...$1,080.10
Today...$445.50
Change...+$8.85
Week Ago...$420.75
Month Ago...$464.00
Year Ago...$218.55
-----------------------------------------------------------------------------------
February 19, 2010
Spot prices were as follows:
Gold
Today...$1,118.70
Change....-$1.70
Week Ago...$1,094.60
Month Ago...$1,130.80
Year Ago...$979.30
Today...$16.08
Change...+$0.03
Week Ago...$15.62
Month Ago...$18.47
Year Ago...$14.35
Today...$1,523.10
Change...-$17.90
Week Ago...$1,521.90
Month Ago...$1,596.20
Year Ago...$1,101.00
Today...$436.65
Change...-$4.35
Week Ago...$422.00
Month Ago...$449.20
Year Ago...$222.00
-----------------------------------------------------------------------------------
February 18, 2010
Spot prices were as follows:
Gold
Today...$1,120.40
Change....+$0.50
Week Ago...$1,076.20
Month Ago...$1,130.80
Year Ago...$968.20
Today...$16.05
Change...-$0.12
Week Ago...$15.34
Month Ago...$18.47
Year Ago...$14.08
Today...$1,541.00
Change...-$0.50
Week Ago...$1,512.60
Month Ago...$1,596.20
Year Ago...$1,103.00
Today...$441.00
Change...+$7.50
Week Ago...$415.70
Month Ago...$449.20
Year Ago...$220.80
-----------------------------------------------------------------------------------
February 17, 2010
Spot prices were as follows:
Today...$1,119.90
Change....+$30.40
Week Ago...$1,077.40
Month Ago...$1,130.80
Year Ago...$941.90
Today...$16.17
Change...+$0.69
Week Ago...$15.47
Month Ago...$18.47
Year Ago...$13.68
Today...$1,541.50
Change...+$28.50
Week Ago...$1,506.80
Month Ago...$1,596.20
Year Ago...$1,068.00
Today...$433.50
Change...+$12.75
Week Ago...$419.50
Month Ago...$449.20
Year Ago...$215.00
-----------------------------------------------------------------------------------
February 16, 2010
China and India - the Asian gold-buying phenomenon
China and India are the world's two largest consumers of gold - and the former is the world's largest gold miner. To many the future path of the gold price is inextricably related to the world's two most highly populated nations, both of which are undergoing internal growth at a phenomenal rate in comparison with anything Western nations are able to achieve - even in a major turn round from the recent recession. And such a turnaround seems increasingly far away.
February 15, 2010
Canada’s Dollar Falls as China Cools Lending, Deterring Risk
Canada’s dollar fell from almost a three-week high as China raised reserve requirements, discouraging demand for currencies related to economic growth.
February 13, 2010
Spot prices were as follows:
Gold
Today...$1,089.50
Change....-$5.10
Week Ago...$1,053.10
Month Ago...$1,129.80
Year Ago...$948.55
Silver
Today...$15.48
Change...-$0.14
Week Ago...$14.87
Month Ago...$18.27
Year Ago...$13.53
Platinum
Today...$1,513.00
Change...-$8.90
Week Ago...$1,477.90
Month Ago...$1,577.00
Year Ago...$1,087.30
Palladium
Today...$420.75
Change...-$1.25
Week Ago...$399.20
Month Ago...$430.30
Year Ago...$219.50
-----------------------------------------------------------------------------------
February 12, 2010
Spot prices were as follows:
Gold
Today...$1,094.60
Change....+$18.40
Week Ago...$1,064.20
Month Ago...$1,152.30
Year Ago...$944.75
Silver
Today...$15.62
Change...+$0.28
Week Ago...$15.40
Month Ago...$18.69
Year Ago...$13.55
Today...$1,521.90
Change...+$9.30
Week Ago...$1,516.80
Month Ago...$1,593.60
Year Ago...$1,084.10
Today...$422.00
Change...+$6.30
Week Ago...$411.10
Month Ago...$434.20
Year Ago...$219.00
-----------------------------------------------------------------------------------
February 11, 2010
Spot prices were as follows:
Gold
Today...$1,076.20
Change....-$1.20
Week Ago...$1,112.20
Month Ago...$1,139.20
Year Ago...$913.00
Today...$15.34
Change...-$0.13
Week Ago...$16.36
Month Ago...$18.48
Year Ago...$13.18
Today...$1,512.60
Change...+$5.80
Week Ago...$1,578.30
Month Ago...$1,567.10
Year Ago...$1,037.50
Today...$415.70
Change...-$3.80
Week Ago...$439.10
Month Ago...$426.20
Year Ago...$215.00
