LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

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

Covid, Debt and Precious Metals
By: Richard (Rick) Mills, Ahead of the herd

Precious Metals Update Video: Dollar testing supports, supportive for Gold
By: Ira Epstein

Asian Metals Market Update: June-2-2020
By: Chintan Karnani, Insignia Consultants

Is A Run On Comex And London Gold & Silver Occurring?
By: Dave Kranzler

Gold SWOT: Silver Up on Stronger Industrial Demand
By: Frank Holmes, US Funds

Falling Into Place
By: Ted Butler

Social Unrest Rises as Confidence Falls
By: Clint Siegner, Money Metals

Gold Seeker Report: This Week in Mining Issue #15: Mining Getting Back to Normal
By: Chris Marchese, Chief Mining Analyst at GoldSeek

It Doesn't Get More Bullish Than This!
By: Rick Ackerman, Rick's Picks

Precious Metals Update Video: Gold Monthly Chart Riding the Bollinger Band Upside
By: Ira Epstein


GoldSeek Web

Gold and Silver Market Morning: Jan-25-2016

 -- Published: Monday, 25 January 2016 | Print  | Disqus 

Gold Today –The New York gold price closed Friday at $1,096.80 down from $1,101.20, down $4.20. In Asia on Monday, it rose over $1,101.00 once more before London took it up to be set by the LBMA at $1,103.70 up from $1,097.65 with the dollar index higher at 99.43 up from 99.31 on Friday. The euro was down at $1.0817 from $1.0824 against the dollar. The gold price in the euro was set at €1,020.34 up from €1,014.09. Ahead of New York’s opening, the gold price was trading at $1,105.00 and in the euro at €1,021.54. 


Silver Today –The silver price in New York closed at $14.05 down 10 cents at Friday’s close.  Ahead of New York’s opening, the silver price stood at $14.20.


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


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


Price Drivers

Friday saw purchases of 2.08 tonnes into the SPDR gold ETF but nothing was added to the Gold Trust. The holdings of the SPDR gold ETF are now at 664.172 tonnes and at 161.82 tonnes in the Gold Trust. The persistent demand for gold from the gold ETFs in the U.S. is pushing gold up against resistance to the point that it is now breaking down that overhead resistance. The gold and silver prices are scraping the ground like a bull ready to charge, despite today seeing the rally in oil prices dissipate and oil retreating to $30 again.


This week may well prove to be a positive one for gold and silver even as the dollar is trying to reach 100 on the index. Once again we expect gold and silver to move independently of currencies.


As we move further into 2016 not only are the oil prices not yet affecting the global slowdown, but the rudderless global economy threatens several structural crises across the world. This has led to a palpable air of worry in most markets. We can see the need for crises to make politicians act in a stringent manner. Politicians cannot act simply because there is a problem, or their electorate may not forgive them. In the midst of a crisis they will then be seen as heroes when they take real action.

If this holds true we will have to wait until we see the ruptures in financial markets before they then act. But are governments, currently, capable of taking forceful action when they have failed to do so since before the ‘credit crunch’ in 2007. 


Fears of a real monetary crisis in 2016 are growing fast. Add to this the very fundamental gold market reforms on the way across the world will change the shape of the global gold market. -  More in  [To find protection from confiscation: ]


The attitude of “laissez faire” that we have seen from governments since 2007 has compounded the problems and in an election year in the U.S. with the danger of a “Brexit” from the E.U. When push does come to shove, governments won’t act strongly but are likely to only take defensive action and blame others. This can only be gold and silver positive.


Silver Silver is continues to be robust and ready to run higher. - Subscribe       




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


Global Gold Price (1 ounce)















Rs. 74,242.94


Y 7,270.35

Y 7,221.66


| Digg This Article
 -- Published: Monday, 25 January 2016 | 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 - 2019 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, Gold Seek LLC, its affiliates or advertisers., Gold Seek LLC 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, Gold Seek LLC, is strictly prohibited. In no event shall, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.