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

Gold Seeker Weekly Wrap-Up: Gold and Silver Find Slight Gains on the Week
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 10 19 2018
By: Ira Epstein

COT Gold, Silver and US Dollar Index Report - October 19, 2018

Gold Is Becoming Cool Again
By: John Rubino

Inflection Point for Gold
By: David Brady, CFA

Gold-Stock Sentiment Shifting
By: Adam Hamilton, CPA

Gold’s Official Price is $42, and maybe that’s a Good Thing
By: JP Koning

GoldSeek Radio Nugget: Ralph Acampora and Chris Waltzek

Is Your Portfolio Ready for the Greatest Demographic Shift in History?
By: Marin Katusa

Is Bitcoin Ever A Buy-And-Hold?
By: Avi Gilburt


GoldSeek Web

Gold & Silver Market Morning

 -- Published: Wednesday, 29 April 2015 | Print  | Disqus 

Gold Today –New York closed at $1,212.20 up $9.80 on Tuesday. Asia saw it slip to $1,208 and London held it there. The LBMA Gold price was set at $1,204.80 below market trading prices and up $3.40. The euro equivalent stood at €1,096.17 down €4.52 while the dollar was weaker at $1.0993 down from $1.0916 against the euro. Ahead of New York’s opening, gold was trading higher in London at $1,206.20 and in the euro at €1,096.65.


.Silver Today – The silver price closed at $16.61 up 23 cents on Tuesday. Ahead of New York’s opening it was trading at $16.47.


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


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


Price Drivers

There remains a great deal of scope for short covering in the gold and silver markets still. The gold price is above the 50-day average now, so consolidation is likely. The dollar index fell, again, to 95.89 down from 96.53 yesterday and the dollar continued its fall to leave the euro at $1.1008. There were no sales or purchases of gold from the SPDR gold E.T.F. or from or into the Gold Trust on Tuesday. The holdings of the SPDR gold ETF are at 739.065 tonnes and at 165.58 tonnes in the Gold Trust. 


With U.S. confidence levels in the economy dropping and home ownership at 25-year lows, the question is, “Is the U.S. economy losing traction?” With most now believing that interest rates will not rise before September, should data continue to disappoint then the rises will be pushed out even further. Any fall off in growth will have long-term implications.                                                                                                           Subscribe

Gold is entering what many believe are the summer ‘Doldrums’ but the fundamentals for gold are improving. Continued dollar weakness is proving positive in U.S. investor’s eyes for gold. Asian demand for gold is set to continue to grow internally and westward.


Over the past decade, gold demand globally has increased nearly 50%, while Asia's gold demand has soared around 250% during the same period, so far. Song Yuqin, deputy general manager of the Shanghai Gold Exchange has pointed out that in the next few years, China, India, Thailand and other emerging economies in Asia will see growing demand for gold as China develops the Silk Road Economic Belt and the 21st Century Maritime Silk Road.


China's gold production and consumption jumped in the first quarter despite the negative views on gold in the developed world. China produced 110.7 tons of gold in the period, a 14.72% rise over last year. Last year, China's gold production stood at 451.8 tonnes the world’s largest national production. None of this gold leaves the country to enter the London or New York markets.


Silver– Silver’s price rose over 4% against gold’s 2% defining the way the two will move.




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


Global Gold Price (1 ounce)















Rs. 75,943.85


| Digg This Article
 -- Published: Wednesday, 29 April 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 - 2018 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.