Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page >> News >> Story  Disclaimer 
Latest Headlines

GoldSeek Radio Nugget: Bill Murphy and Chris Waltzek

Markets Have Gone “Thelma and Louise”
By: Gary Christenson

Debt Cycles and Gold
By: Arkadiusz Sieron

Global Trade War Fears See Precious Metals Gain And Stocks Fall
By: GoldCore

Gold Seeker Closing Report: Gold and Silver Pare Yesterday’s Gains; Dow Drops 700+
By: Chris Mullen, Gold Seeker Report

SSR Mining begins drilling at Eagle Plains (TSX-V: EPL) Fisher Gold Property
By: Nicholas LePan,

Worried About Rising Rates? I Believe this Strategy Could Be the Answer
By: Frank Holmes

Is It The Trade War Threats Or Extreme Overvaluation?
By: Dave Kranzler

GoldSeek Radio Nugget: Peter Schiff and Chris Waltzek

When Is Three Better for Gold Than Four?
By: Arkadiusz Sieron


GoldSeek Web

Gold & Silver Market Morning

 -- Published: Wednesday, 25 February 2015 | Print  | Disqus 


Gold Today –New York closed at $1,202.10 up $1.10. London Fixed the gold price at $1,206.50 up $13.00 and in the euro, at €1,062.060 up €6.892, while the euro was nearly half a cent stronger at $1.1360. Ahead of New York’s opening, gold was trading in London at $1,207.30 and in the euro at €1,063.93.


Silver Today – The silver price closed at $16.32 up 9 cents. Ahead of New York’s opening it was trading at $16.50.


Gold (very short-term) The gold price will consolidate with a positive bias in New York, today.


Silver (very short-term) The silver price will consolidate with a positive bias, in New York, today.


Price Drivers

There were no purchases or sales into or from the SPDR gold ETF and a sale of 1.05 of a tonne into the Gold Trust on Tuesday. The holdings of the SPDR gold ETF are at 771.249 tonnes and at 167.93 tonnes in the Gold Trust. 


China is back! As you can see from the gold price demand out of Asia lifted the gold price at one point almost $10 over New York’s closing price. We did expect a pause while the Shanghai Gold Exchange got back into its stride, but demand has begun on a strong tone. We expect it to continue as Chinese demand is not that seasonal. We did not expect a post-holiday drop-off, but simply a toned down pace. Certainly prices around $1,200 are bringing in buyers.


We see the message out of the Fed yesterday, as being, ‘no rate hike until the second half of the year, subject to wages and employment taking a strong forward movement’. The U.S. economy needs to be able to accept rate hikes without them causing a downturn in the economy. It has to be able to absorb the hikes without missing a stride. Pressures outside of the U.S. may slow down such hikes too.


The Fed believes that the U.S. economy is improving and will continue to do so, but does face dangers. Will this have a direct impact on gold? We see any perceived delay in hiking rates, as having a positive, if any, impact on the gold price. We say, ‘if any’ because the influence of the state of the U.K. economy on the gold price is lessening as we saw in the rise of the gold price today, as Chinese demand returned to the market. Indeed a wealthier U.S. with so many international problems, we see as positive for gold as U.S. Investors will have more to spend on investments.


We are expecting overall Asian demand to bear on the gold and silver prices in the next week and more.


                                    Subscribe to


Silver– The silver price is cautiously waiting to gold and wherever gold will go, the silver price is sure to follow.                        


Subscribe to




Julian D.W. Phillips for the Gold & Silver Forecasters


Global Gold Price (1 ounce)















Rs. 74,319.32


| Digg This Article
 -- Published: Wednesday, 25 February 2015 | E-Mail  | Print  | Source:

comments powered by Disqus


Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to >> Story

E-mail Page  | Print  | Disclaimer 

© 1995 - 2017 Supports

©, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of, its affiliates or advertisers. makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of, is strictly prohibited. In no event shall or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.