June 08, 2010
Gold
Today...$1,239.20
Change....+$22.50
Week Ago...$1,213.20
Month Ago...$1,210.90
Year Ago...$960.90
Silver
Today...$18.18
Change...+$0.85
Week Ago...$18.45
Month Ago...$18.45
Year Ago...$15.39
Platinum
Today...$1,515.90
Change...-$7.70
Week Ago...$1,549.10
Month Ago...$1,666.80
Year Ago...$1,288.50
Palladium Silver Platinum Palladium Silver Platinum Palladium Silver Platinum Palladium ----------------------------------------------------------------------------------------------------- Silver Platinum Palladium ----------------------------------------------------------------------------------------------------- The euro slid against the dollar amid concern that mounting writedowns at Europe’s banks and efforts to reduce budget deficits will hamper the region’s economic recovery. European equities declined as China’s and Europe’s manufacturing growth slowed. Gold reached a record priced in Swiss francs. “The fear factor is still in the marketplace and fleeing to gold is due to its safe-haven properties,” said Bayram Dincer, a commodity analyst at LGT Capital Management in Pfaeffikon, Switzerland. “Investors will likely reduce equity exposure which makes gold investment a reasonable alternative.” Gold for immediate delivery added $5.85, or 0.5 percent, to $1,222.05 an ounce at 11:40 a.m. in London. Bullion for August delivery was 0.7 percent higher at $1,223.60 on the Comex in New York. Comex floor trading was closed yesterday for the Memorial Day holiday in the U.S. Yesterday’s electronic trades will be combined with today’s transactions for settlement purposes. The metal rose to $1,219.75 an ounce in the morning “fixing” in London, used by some mining companies to sell output, from $1,207.50 at the afternoon fixing on May 28. Europe’s “got some deep structural issues that aren’t going to be solved any time in the near-term,” said Toby Hassall, a commodity analyst at CWA Global Markets Pty in Sydney. “So you’ll have a camp of investors out there that believe that things might get worse and they’re continuing to put a bid under gold.” The metal climbed to a record 1,433.374 Swiss francs an ounce today. More Writedowns Gold climbed to a record $1,249.40 an ounce on May 14 and gained 9.2 percent the last two months on concern European measures to cut deficits and contain sovereign debt risks will curb growth in the region. The European Central Bank said in its bi-annual Financial Stability Report yesterday that euro area banks may see another 90 billion euros ($109.2 billion) in net writedowns this year on loans and securities. Holdings in the SPDR Gold Trust, the biggest exchange- traded fund backed by bullion, reached a record 1,267.93 metric tons on May 27. The fund’s assets were unchanged on May 28, its website showed. GoldMoney.com, an online gold buying and storage service, said customer holdings of the metal stored in vaults in London, Zurich and Hong Kong surpassed $1 billion. “Investors are now more than ever looking for a safe haven for their money,” Geoff Turk, GoldMoney chief executive officer, said today in an e-mailed statement. “The market is being driven by the growing fear in the financial community.” Israeli Raid The United Nations Security Council condemned “acts which resulted” in nine deaths during Israel’s raid on ships bringing aid to the Gaza Strip, adding to pressure to end the country’s control of the coastal enclave’s borders. Diplomatic pressure on Israel is “another theme that might be giving the gold market a bit of support” today, Hassall said. Among precious metals for immediate delivery in London, platinum fell 1.1 percent to $1,544.30 an ounce. Palladium slipped 3 percent to $454.70 an ounce. Silver declined 1 percent to $18.3825 an ounce. Russia exported 3.8 metric tons of palladium to Switzerland in April, taking total shipments to the Swiss clearing system to 13.36 tons in this year’s first four months, Edel Tully, an analyst at UBS AG in London, said today in a report. Exports to Switzerland were 14.3 tons a year earlier, she said. Silver bulls may be surprised to learn from GFMS' "World Silver Survey 2010" that the average silver price fell in 2009 for the first time in eight years. In a presentation of "The World Silver Survey 2010" Thursday morning to the Silver Institute in New York City, Klapwijk predicted that before the end of this year, "a more decisive break-put to the upside is probable, with a fair chance that 2008's London-high of $20.92 will be exceeded." The "World Silver Survey 2010" noted that, in spite of a strong rally in silver prices last year, "the annual average price in 2009 fell for the first time since 2001, slipping 2% to $14.67." "Despite the significance of the supply/demand fundamentals, we would still regard investment as the prime driver of silver prices last year, with the steady gains for the silver ETFs and the more volatile upward path in the net investor long on Comex both being critical," GFMS said. INVESTMENT Last year, implied net silver investment recorded its highest levels in GFMS' 20-year data set, "motivated by safe haven purposes and ‘bargain hunting' early in the year," the report noted. "ETFs and retail investment were key vehicles for silver investment in the first quarter of the year, the rally in the latter part of 2009 being more focused on the Comex." In fact, GFMS research showed commodity investments had "an outstanding year in 2009." Total silver ETF holdings rose by nearly half or 132.5 million ounces in 2009 ending the year at 397.8 million ounces. In fact, the strong demand for silver ETFs was the primary driver of the silver price in the first quarter of last year. The iShares Silver Trust saw its holdings rise by 87.5 million ounces over the year to 305.9 million ounces at year-end 2009, making it the largest silver ETF by far. CFTC data showed that aggregate positions across commodities reached new highs in the fourth quarter of last year. The report also discovered the nature of commodities investment has also changed, including a "growing interest in actively managed funds." Silver ETF holdings have shown some resilience, but still dropped 12 million ounces in the first four months of this year. Trading volumes in Comex silver futures fell by 10% last year to just over eight million contracts, the survey said. In 2009, investment in physical silver bullion was at very high levels, "as the grave prognosis for the global economy and the financial sector in particular drove investors toward hard assets," the survey noted. Nonetheless, the Indian physical silver market saw net disinvestment of around 41 million ounces last year, the first time net dishoarding has been recorded in GFMS' 20-year data series. So far this year, GFMS says :="silver investment has been notably lower year-on-year." "Looking ahead, investor interest in silver is set to remain positive, bolstered by the sovereign debt crisis," the survey said. "This may continue to trigger ‘shocks' which should attract safe haven investment. Industrial demand should also continue improving, which should further boost silver investment." DEMAND The World Silver Survey noted that tough times economically took their toll on silver industrial fabrication in 2009, which sharply dropped 20.6% to a six-year low of 352.2 million ounces. Total global silver fabrication demand dropped 11.9% in 2009 to a 17-year low of 729.8 million ounces. Klapwijk said all regions except the Indian Sub-Continent "suffered double-digit losses, with the heaviest in percentage and absolute terms being East Asia's." He noted the loss was apparent in most sectors of end use, although some continue to show growth. Nevertheless, GFMS forecasts "a strong recovery" for industrial silver demand this year, "reflecting stock replenishment and higher GDP growth." Two new uses of silver in industrial applications are gaining momentum including silver oxide batteries and silver conductive inks used in electronics. Although the quantity of silver used in medical applications remains modest due to the lead times in adopting new technology, silver nano-technology is gaining. "Indeed, there are few areas in the medical field where the use of silver cannot be beneficial," GFMS suggested. Demand for silver is rising in households as new anti-bacterial uses are being introduced. However, demand for silver in photographic applications continues to plummet to less than half the level seen five years ago, falling 21% in 2009 to million ounces. "Looking ahead, the future of silver use in photographic applications looks set to decline even further," GFMS predicted. Meanwhile, jewelry demand only declined slightly in 2009 by 1.1% to what was, nonetheless, an 11-year low of 156.6 million ounces "due to weaker consumption in western markets and destocking at the trade level," said Klapwijk. Jewelry is expected to be down again marginally this year, primarily due to losses in the Indian market. In contrast, however, coin and medal silver off take rose strongly, while silverware bucked the trend of recent decade and posted an increase of almost 5% to 59.6 million ounces last year. Global coins and medals fabrication jumped 21% in 2009 to a new record of 78.7 million ounces. Every leading producer of bullion coins saw total minting rise last year with the U.S. Mint leading the way with an 8.8 million ounce increase. MINE SUPPLY Mine production was up 4% in 2009 to achieve a new record of 706.9 million ounces of silver. Primary silver mine supply was significantly higher, while silver produced as a by-product of gold mining increased 21% to 15.2 million ounces. However, primary silver supply is anticipated to only increase marginally this year with the bulk of growth instead coming from the gold mining sector with an estimated 25% increase in silver production. The world's top silver producer was Peru with 123.9 million ounces of output last year, followed by Mexico with 104.7 million ounces of silver production. China ranked third at 89.1 million ounces of mined silver. The top silver-producing company was BHP Billiton with 42 million ounces of silver output last year, followed by Poland's KGHM Polaska Mied? with 38.7 million ounces, and Mexico's Fresnillo at 37.9 million ounces of production. GFMS expects silver mine supply to increase this year, reaching another successive record high "with a strong contribution from the by-product gold sector." The survey found silver mine cash costs were almost flat year-on-year with a global average cash cost of $5.23/oz last year. Silver Wheaton entrenched itself as the top silver streaming company, partly by securing 25% of the life-of-mine silver production by Barrick's massive Pascua-Lama gold/silver mine. Meanwhile net supply from above-ground silver stocks dropped an astounding 86% last year to just 20.2 million ounces. GFMS said the decline was driven "by a surge in net investment, higher de-hedging, lower government sales and a drop in silver scrap supply." Klapwijk said scrap supply will continue to decline this year, "although the scale of losses is likely to be more modest." The World Silver Survey 2010 was sponsored by 18 companies and organizations involved in most aspects of the global silver industry. Washington, D.C.-based Silver Institute publishes the report. As the world's largest consumer of gold, Indian demand trends are particularly significant with respect to the yellow metal's supply/demand fundamentals But, what has been happening since the end of the first quarter. Indian demand is partly driven by buying ahead of what are seen as auspicious festival days and one of the biggest of these is Akshaya Tritya which happened earlier this month. The days around the Festival coincided with the latest big surge in the gold price to new record levels and there is certainly anecdotal evidence to suggest that because of Indian reluctance to chase up high gold prices as seen in the past, sales were at a much lower level than anticipated ahead of the auspicious days. Also the gold price has again touched a record high of Rs18,629 per 10 grams in the local currency. This could suggest another setback in Indian gold demand during the current quarter. Questioned in a Mineweb podcast yesterday by Geoff Candy, Marcus Grubb of the World Gold Council conceded that there have been such reports from the major gold purchasing centres there, but that others suggest a slightly different pattern in other parts of the subcontinent. There were also reports out of the Middle East - notably Dubai - that Akshaya Tritya demand was good. There are obviously differing viewpoints here and we will have to wait for more definitive figures to be released before we know what the true situation is in India itself. Overall though the WGC seems confident that Asian gold demand is currently strong, with Chinese demand continuing to grow at a high rate. Investment, rather than jewellery, demand in the form of purchases of gold bars and coins is also rising in the region - not least because of marketing campaigns designed to increase awareness of this particular option - and the recent World Gold Council agreement with China's biggest bank, ICBC, to enter a marketing co-operation agreement may further increase the trend once it begins to take effect. But overall gold's fundamentals have been thrown into disarray by global investment demand. This could be fickle, although with continuing warnings of global meltdown this is likely to continue at high levels for some time - and at least until things are genuinely seem to be improving in Europe and North America where much of this demand is arising. But returning to India - the perhaps grudging acceptance that higher price levels are likely to stay should see demand there regaining most of its past strength - unless, of course there is yet another strong gold price surge making purchasers nervous again and bringing more recycled gold onto the market. Thus Indian demand can be a bit of a balancing factor in the gold equation, showing strength when the price is seen to stabilise - even at higher levels - and weakness when the price surges. Overall the World Gold Council analysis suggesting good demand strength this year looks to stand up, but could be proved over-optimistic if some of the more bullish gold price projections become reality. Silver Platinum Palladium Silver Platinum Palladium Silver Platinum Palladium Silver Platinum Palladium ----------------------------------------------------------------------------------------------------- There was talk that French President, Nicolas Sarkozy, threatened to pull out of the euro unless German Chancellor Angela Merkel agreed to back the European Union's bailout plan at the meeting last weekend in Brussels. That triggered talk about Eurozone's breakup. And, there is still a lot of skepticism that debt laden countries in the Eurozone will fail to improve their fiscal health even though Spain and Portugal both announced new austerity plans over the week. To meet EU deficit targets, Spanish Prime Minister, Zapatero, announced plans to cut civil servants pay by 5% this year. There will also be cuts on investment spending, pensions and 13,000 public sector jobs. Portugal's finance minister Fernando Teixeira dos Santos said there will be new measures for deeper spending cuts and will make an announcement shortly. Now, there are concerns that when the austerity plans are implemented, they will hinder any economic recovery in the Eurozone. And, while the European Central Bank (ECB)'s Trichet has stated repeatedly that the bank is not adopting quantitative easing, in simple terms what is happening is that the central banks around the world are merely substituting debt with more debt. In the meantime, gold priced in euros, British pounds and Swiss francs rallied to all-time highs on concern that the plan to rescue Europe's indebted nations will slow the region's economic recovery and devalue the 16-nation common currency. What is evident is that people in the euro zone are moving out of their currencies and moving into gold. According to the Swiss refinery Argor-Heraeus, investor demand for small gold bars and minted products has jumped tenfold since the start of this year. "We are seeing very, very high demand for smaller products. I would say 10 times more than the first two months of this year," Bernhard Schnellmann, Argor's director of precious metals services, told Reuters by telephone. "It all started after the euro crisis," he said. "The demand especially for small bars and minted products is extremely high, mainly from Europe." In another article published by Reuters on May 12, the Austrian Mint, which produces the popular Philharmonic gold coin, sold more gold in the two weeks from April 26 than in the entire first quarter of the year because of soaring demand in Europe, it said on Wednesday. The mint sold 243,500 ounces of gold in coins and bars in that period, compared to 205,000 ounces in the entire first three months of the year, marketing director Kerry Tattersall told Reuters. "Demand is exclusively from Europe, we haven't had any orders from the United States and Asia in the last few weeks," Tattersall said. "That's a clear sign that there is panic buying because of concerns about Greece and the euro." Sales of its signature Philharmonic gold coin reached 108,000 ounces in the same period, also surpassing the 89,000 ounces in the first quarter, which Tattersall said had been an average quarter that did not live up to the previous year's. "In the last two, three weeks, it was pretty frantic again," he said. The mint has started working in three shifts again, minting coins and bars around the clock to keep pace with demand, he said. "Currently we don't have anything in stock. We sell our entire daily production immediately," he said. The problem is that these countries are not the only ones with massive debt problems. The U.K. government's deficit is projected to be approximately 13 percent of GDP in 2010, which is even worse than Greece's 12.5 percent figure. Right now the public debt of the U.K. is at 68 percent of GDP, but three years ago it was sitting at about 40 percent. As you can see the national debt of the U.K. is increasing rapidly. In fact, it is now being projected that the public debt of the U.K. will exceed 100 percent of GDP within the next three years. Now what has all this got to do with gold? Well, all these currencies are simply fiat currencies. A fiat currency is a medium of exchange composed of some intrinsically valueless substance which the issuer does not promise to redeem in a commodity or a fiduciary money. And, because a fiat currency has no direct legal connection to a commodity money (in terms of redemption) and, therefore, no real economic cost to its production, the supply of a fiat money can never be self-limiting; and the value of a fiat money is always largely a matter of public confidence in the economic or political stability of the issuer. Also, during last week the gold exchange traded fund (GLD) added another 557,785 ounces (17.3 tons) to its inventory. It seemed that last Wednesday was a very busy day for gold. The US Mint reported selling another 11with the ECB this weekend. And, when this happens and investors watch their currency become worthless, just like what happened in Zimbabwe, they wish they had something tangible and of value. This is why they turn to gold and silver. While the price of gold is influenced by many different factors, right now it is being sought out as a hedge against the declining values of these fiat currencies. It is not a new phenomenon; in fact this is one of the main determinants of the price of gold. So, as global currencies continue their downward slide expect to gold to trade much higher. Now, while the ECB will spend $1 trillion (750 billion euro) bailing out Europe's sovereign borrowers (like Greece, Spain, and Portugal) and while on paper the money is supposed to come from Europe's biggest governments and the IMF, in reality, most of the money will be borrowed from the U.S. Federal Reserve, which just happened to re-open its trillion-dollar swap account Silver Platinum Palladium Silver Platinum Palladium Silver Platinum Palladium Silver Platinum Palladium Silver Platinum Palladium Silver Platinum Palladium
Today...$432.65
Change...+$1.40
Week Ago...$461.00
Month Ago...$511.55
Year Ago...$262.70
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June 05, 2010
Gold
Today...$1,216.70
Change....+$6.10
Week Ago...$1,213.20
Month Ago...$1,169.60
Year Ago...$980.90
Today...$17.33
Change...-$0.62
Week Ago...$18.45
Month Ago...$17.83
Year Ago...$15.91
Today...$1,523.60
Change...-$19.30
Week Ago...$1,549.10
Month Ago...$1,685.40
Year Ago...$1,299.90
Today...$431.25
Change...-$19.75
Week Ago...$461.00
Month Ago...$516.10
Year Ago...$257.50
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June 04, 2010
Gold
Today...$1,210.60
Change....-$10.00
Week Ago...$1,212.30
Month Ago...$1,183.30
Year Ago...$963.90
Today...$17.95
Change...-$0.39
Week Ago...$18.49
Month Ago...$18.76
Year Ago...$15.32
Today...$1,542.90
Change...-$7.90
Week Ago...$1,552.60
Month Ago...$1,728.50
Year Ago...$1,243.30
Today...$451.00
Change...+$1.00
Week Ago...$462.60
Month Ago...$546.15
Year Ago...$244.00
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June 03, 2010
Gold
Today...$1,220.60
Change....-$5.20
Week Ago...$1,214.10
Month Ago...$1,180.40
Year Ago...$982.70
Today...$18.34
Change...-$0.24
Week Ago...$18.33
Month Ago...$18.62
Year Ago...$15.99
Today...$1,550.80
Change...-$3.40
Week Ago...$1,529.90
Month Ago...$1,745.30
Year Ago...$1,246.30
Today...$450.00
Change...-$11.20
Week Ago...$446.95
Month Ago...$554.50
Year Ago...$254.50
June 02, 2010
Gold
Today...$1,213.20
Change....+$0.90
Week Ago...$1,176.40
Month Ago...$1,171.80
Year Ago...$961.90
Today...$18.45
Change...-$0.04
Week Ago...$17.67
Month Ago...$18.10
Year Ago...$15.16
Today...$1,549.10
Change...-$3.50
Week Ago...$1,500.10
Month Ago...$1,714.10
Year Ago...$1,151.50
Today...$461.00
Change...-$1.60
Week Ago...$436.70
Month Ago...$540.75
Year Ago...$234.55
June 01, 2010
Gold rose for a seventh day in London as the threat to growth from Europe’s sovereign debt crisis and declining equity prices spur demand for gold as a haven.
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May 31, 2010
'Decisive break-out to the upside' for silver forecast
GFMS' short-term forecast for silver "is that through to July silver will trade between $16.40-$19.50, broadly shadowing gold," GFMS Chairman Philip Klapwijk predicted today.
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May 30, 2010
What's the reality of Indian gold demand?
First quarter gold demand from India showed a huge recovery - there seems to be little doubt of this from the latest World Gold Council statistics covered here yesterday - see Gold scrap unlikely to flow unless prices move much higher - WGC and as the title of the article suggested, the large amount of recycled gold coming on to the market a year earlier has also fallen away drastically. This suggests that the Indian gold buying populace - easily the world's largest market for gold in a good year - is beginning to accept that high gold price levels may be here to stay and is moving back into buying mode again, which is of major significance in the fundamental gold supply/demand position.
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May 29, 2010
Spot prices were as follows:
Gold
Today...$1,213.20
Change....+$0.90
Week Ago...$1,176.40
Month Ago...$1,171.80
Year Ago...$961.90
Today...$18.45
Change...-$0.04
Week Ago...$17.67
Month Ago...$18.10
Year Ago...$15.16
Today...$1,549.10
Change...-$3.50
Week Ago...$1,500.10
Month Ago...$1,714.10
Year Ago...$1,151.50
Today...$461.00
Change...-$1.60
Week Ago...$436.70
Month Ago...$540.75
Year Ago...$234.55
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May 27, 2010
Spot prices were as follows:
Gold
Today...$1,214.10
Change....+$15.90
Week Ago...$1,192.40
Month Ago...$1,153.70
Year Ago...$953.40
Today...$18.33
Change...+$0.52
Week Ago...$18.14
Month Ago...$18.34
Year Ago...$14.53
Today...$1,529.90
Change...+$39.70
Week Ago...$1,604.10
Month Ago...$1,745.00
Year Ago...$1,142.00
Today...$446.95
Change...+$17.75
Week Ago...$460.50
Month Ago...$563.95
Year Ago...$235.60
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May 26, 2010
Spot prices were as follows:
Gold
Today...$1,198.20
Change....+$4.10
Week Ago...$1,214.70
Month Ago...$1,154.00
Year Ago...$958.90
Today...$17.81
Change...-$0.22
Week Ago...$18.90
Month Ago...$18.22
Year Ago...$14.73
Today...$1,490.20
Change...-$43.30
Week Ago...$1,691.50
Month Ago...$1,742.40
Year Ago...$1,163.50
Today...$429.20
Change...-$23.30
Week Ago...$505.75
Month Ago...$563.00
Year Ago...$237.50
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May 25, 2010
Spot prices were as follows:
Gold
Today...$1,194.10
Change....+$17.70
Week Ago...$1,227.90
Month Ago...$1,154.00
Year Ago...$958.90
Today...$18.03
Change...+$0.36
Week Ago...$18.94
Month Ago...$18.22
Year Ago...$14.73
Today...$1,533.50
Change...+$33.40
Week Ago...$1,669.90
Month Ago...$1,742.40
Year Ago...$1,163.50
Today...$452.50
Change...+$15.80
Week Ago...$503.95
Month Ago...$563.00
Year Ago...$237.50
May 24, 2010
Gold looking good as the turmoil in global currencies continue
Last week the gold price hit a new record high despite the European Union's trillion-dollar rescue package. In US dollars the yellow metal traded above US$1240/oz, and in euro and GBP terms, at 997/oz euros and £855/oz respectively. Shortly after the news about the rescue package hit the wires the euro rallied, but then selling quickly re-emerged to send the euro sharply lower against the dollar as well as commodity currencies. EUR/USD dropped to as low as 1.2352, a few pips away from hitting the 2008 low of 1.2329. While the default risk of Greece temporarily eased, there are still a number of concerns regarding the current developments in Eurozone.
,500 one-ounce Gold Eagles and 5,000 24k-Gold Buffaloes.
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May 23, 2010
Spot prices were as follows:
Gold
Today...$1,176.40
Change....-$12.30
Week Ago...$1,228.80
Month Ago...$1,149.20
Year Ago...$951.50
Today...$17.67
Change...-$0.07
Week Ago...$19.15
Month Ago...$18.11
Year Ago...$14.47
Today...$1,500.10
Change...+$5.70
Week Ago...$1,718.60
Month Ago...$1,742.00
Year Ago...$1,157.50
Today...$436.70
Change...+$26.35
Week Ago...$530.40
Month Ago...$568.40
Year Ago...$233.70
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May 20, 2010
Spot prices were as follows:
Gold
Today...$1,192.40
Change....-$22.30
Week Ago...$1,243.20
Month Ago...$1,136.30
Year Ago...$927.00
Today...$18.14
Change...-$0.76
Week Ago...$19.68
Month Ago...$17.75
Year Ago...$14.16
Today...$1,604.10
Change...-$87.40
Week Ago...$1,749.50
Month Ago...$1,696.50
Year Ago...$1,147.60
Today...$460.50
Change...-$45.25
Week Ago...$548.75
Month Ago...$534.25
Year Ago...$237.25
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May 19, 2010
Spot prices were as follows:
Gold
Today...$1,214.70
Change....-$13.20
Week Ago...$1,220.20
Month Ago...$1,137.50
Year Ago...$921.00
Today...$18.90
Change...-$0.04
Week Ago...$19.32
Month Ago...$17.69
Year Ago...$13.85
Today...$1,691.50
Change...+$21.60
Week Ago...$1,700.30
Month Ago...$1,695.50
Year Ago...$1,138.50
Today...$505.75
Change...+$1.80
Week Ago...$533.80
Month Ago...$531.40
Year Ago...$234.00
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May 15, 2010
Spot prices were as follows:
Gold
Today...$1,214.70
Change....-$13.20
Week Ago...$1,220.20
Month Ago...$1,137.50
Year Ago...$921.00
Today...$18.90
Change...-$0.04
Week Ago...$19.32
Month Ago...$17.69
Year Ago...$13.85
Today...$1,691.50
Change...+$21.60
Week Ago...$1,700.30
Month Ago...$1,695.50
Year Ago...$1,138.50
Today...$505.75
Change...+$1.80
Week Ago...$533.80
Month Ago...$531.40
Year Ago...$234.00
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May 11, 2010
Spot prices were as follows:
Gold
Today...$1,201.10
Change....-$9.80
Week Ago...$1,183.30
Month Ago...$1,161.00
Year Ago...$915.50
Today...$18.58
Change...+$0.13
Week Ago...$18.76
Month Ago...$18.37
Year Ago...$14.00
Today...$1,691.20
Change...+$24.40
Week Ago...$1,728.50
Month Ago...$1,726.60
Year Ago...$1,150.00
Today...$523.95
Change...+$12.40
Week Ago...$546.15
Month Ago...$512.60
Year Ago...$245.25
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May 08, 2010
Spot prices were as follows:
Gold
Today...$1,210.90
Change....+$12.60
Week Ago...$1,180.40
Month Ago...$1,151.20
Year Ago...$914.80
Today...$18.45
Change...+$0.92
Week Ago...$18.62
Month Ago...$18.24
Year Ago...$14.10
Today...$1,666.80
Change...-$0.20
Week Ago...$1,745.30
Month Ago...$1,719.50
Year Ago...$1,157.90
Today...$511.55
Change...-$3.40
Week Ago...$554.50
Month Ago...$512.10
Year Ago...$245.05
