Gold, commodity prices fell to a 5-month low

Gold “Testing $1550″ as Stocks Sink, Bund Yields Vanish, Investors Flee Risk for Cash

The wholesale gold price bounced from a 4-session low at $1552 per ounce Wednesday morning in London, rallying with the Euro currency as world stock markets slumped.

In New York, gold for June delivery  sank $38, or 2.4%, at $1,538.60 an ounce, extending the week’s decline into a third session. Earlier, the contract fell by as much as $43.80 to touch a low of $1,532.80.

The Athens stock market hit a fresh 22-year low, and Wall Street futures pointed 0.7% down, while US Treasuries rose sharply together with Japanese, German and UK bonds. Read more

Physical demand for gold rises

Physical Demand for Gold “Rises as Consumer Adjust” But Technical Analysts See “Another Leg Lower”

 Wholesale prices to buy gold fell further from $1600 an ounce in London on Tuesday morning, finding a floor at $1575 as European stock markets rose for the second day running after falling for two weeks in succession. Read more

Gold speculators slash bullish bets

QE3 “not off the table” as Euro crisis gives gold “significant upside” but speculators slash bullish bets

Wholesale market spot gold prices hit a 7-session high just below $1600 per ounce in London trade early Monday, before dropping back through last week’s finish at $1593 as European stock markets rose for the first time in two weeks. Read more

Gold and other precious metals to regain positions

Gold will need to clear resistance level at US $ 1600 next week

 Moodys has downgraded 16 Spanish banks, whilst Fitch has downgraded Greece again. Greece goes to the polls on the 17th June, whilst a caretaker government has been established. The Philadelphia Fed Index numbers were released as a minus 5.8 figure, against the median expectation from analysts of a plus 10 figure.

The minutes of the Federal Open Market Committee meeting indicate that the Federal Reserve Bank is not excluding more stimuli for the economy, if needed. This might be in the form of more quantitative easing, but could also be in the form of a renewed Operation Twist. Operation Twist achieves a similar effect to quantitative easing, but without the negative public relations reverberations, according to other market watchers. Read more

Gold bounce back doesn’t guarantee market direction

China has topped India as the world’s top consumer of gold

Gold prices bounced back on Thursday. A relief rally finally materialized after the past four negative sessions. Investors remain tentative and worried about the euro zone developments. Read more

Further losses in silver expected

Silver has only registered one positive weekly performance in the past eleven weeks.

The white metal has been caught up in the storm created by a deteriorating global growth outlook, weaker than forecast output from China, selling in the gold market and a move to safe haven assets.

The silver market broke beneath the psychologically important $30.00 level last week, as investors posted the worst weekly decline in eight weeks. Read more

Gold heading to psychological $1500 level

Declining demand for gold in India and China were factors in last week’s selling.

The phenomenal strength of the market’s performance since 2002 had generated a belief amongst some investors that the higher precious metal goes the higher it can go. Now that the market is on the defensive, investors are moving to cash and refusing to commit funds to the market. Read more

Gold falls on changing growth perspective

Gold prices fall as dollar rises on European elections

Results of European elections suggest changes in political strategy

Gold has traded lower in four of the past five sessions. The yellow metal continued in a pattern of “erosive” trading. It has been caught in a range between $1,630 and $1,680 an ounce, and is likely to break to the downside. Read more

Risk premium for gold over diminishing prospects for world economy

Commitment of Traders Report shows an increase of long positions and a reduction of short positions in gold

Shanghai Futures Exchange will start with the trading of Silver futures contracts on the 10th May

The latest US non-farm-payroll figures were released and 115,000 new Jobs have been created. The unemployment head line rate has been reduced to 8.1 per cent. These numbers have been interpreted as disappointing, as the median expectation was looking for the creation of approx. 160,000 jobs. Read more

Gold breaks 3-month rule for 1st time in 11 years

Last time gold fell for 3 months running was March 2001. And so…?

Between March 2001 and April 2012, the price of gold never fell for 3 months in succession. So expecting “two months max” made for a great signal to buy gold on pullbacks, most recently in Jan. 2010 (your last chance below $1100) and April 2009 (last chance below $900). Read more

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