August 31, 2010 - Gold and silver reached new levels not seen since late June today as global equities finished lower for the month of August. Most global equity indices finished the month down roughly 4% as belief of a stalling global recovery becomes more widespread. The exiting investors retreated towards the safety of the metals group. Gold finished the month up 5.6% and silver up 7.75%.
08/24/2010 - Gold reversed course this morning to post a high of $1,237.50 as a further sign of weakening in the
08/11/2010 - Equity indices took are large hit today as further signs of a stalling economy emerged. Today, the Fed issued a more modest perdiction of the the recovery of the the US economy. Also and expanded trade deficit helped push gold today.
07/12/2010 - Gold continued to trade within its 5 day range finshing down $11.10 to $1,198.70 on Monday. Silver continues to bounce along its 100-day moving average to finish at $17.975. The weekend news was relatively light as there was nothing to push overnight trading into today's session in New York. Must have been watching World Cup. Congrats to Spain............
04/01/2010 Precious Metals rallied today after the release of strong global economic data. Gold rose to its highest level in two weeks. Silver closed at its highest level since January. Platinum and Palladium soared to highs not seen since 2008. Positive economic news today included the U.S. jobless claims, falling 6,000 last week, which was better than anticipated. Manufacturing data released today from China, Japan and the Euro Zone all indicated economic growth. Gold for June delivery gained $11.60, or 1%, to close at $1126.10. May Silver closed at $17.89, up 36 cents, or 2.1%. July Platinum settled at $1675.60, up $28.70, or 1.7%. June Palladium closed up $11.40 at $491.35, a gain of 2.4%
01/29/10- Gold finished a choppy trading session on Friday with a slight loss as the U.S. dollar rallied on stronger than expected economic data. The U.S. GDP grew at its fastest pace in six years during the forth quarter of 2009. The GDP grew at a seasonally adjusted 5.7% annual rate, faster than the 5.4% expected by economists. The U.S. dollar index hit a high of 79.65, its highest level since mid-August. Gold for April delivery closed at 1083.80, down $1.00. March Silver settled down $0.02, at $16.19. April Platinum was up $12.10 to close at $1506.00, and March Palladium closed at $412.00, down $0.70.
11/16/09- Gold Futures continued to reach record highs today as the U.S. Dollar continued its decline. The dollar dropped further as equities rallied and oil rose toward $80/barrel. December Gold gained $22.50, or 2%, to close at $1139.20. December Silver followed suit, reaching it's highest price since July 2008. The December Silver contract gained $1.02, or 5.9%, to close at $18.40 per ounce. January Platinum also rallied to close up $55.90, or 4%, at $1444.60.
10/09/2009 - December Gold posted record highs this week on speculation that currencies will depreciate and worries of higher inflation. On Thursday, Gold reached an all time high of $1062.70. On Friday, as investors took profits on long positions and the Federal Reserve announced it would tighten monetary policy when economic activity increases sufficiently, Gold fell $7.70 to close at $1048.60. December Gold still managed to gain 4.5% over the week.
December Silver closed at $17.69, losing $0.125 or 0.70%. January Platinum settled at $1339.40, down $13.80 or 1.02%. December Palladium closed at $323.75, gaining $1.15 or 0.36%.
09/25/09 – December Gold fell $7.30 to close at $991.60 an ounce, marking its first weekly loss since mid-August. Gold started the morning with a sharp decline after the dollar gained ground against the Euro and equities opened lower on a weaker-than-forecast report on durable-goods orders. Durables fell 2.4%, the largest drop since January, when a 0.3% increase was expected. December gold fell back below the 20-day moving average of $995.80, prompting some technical selling.
December Silver closed at $16.06, down $0.235, or 1.44%. October Platinum settled at $1284.6, down $23.90, or 1.82%. December Palladium closed at $294.90, falling $3.00, or 1%.
Gold gave back some of it's gains yesterday after topping $1000 per ounce on Tuesday for the first time since February. December Gold traded down most of Thursday, closing at $996.80, down $0.30. The U.S. Labor Department report was slightly better than expected. Unemployment filings fell to a seasonally adjusted 550,000 last week, the lowest level since mid-July. Helping to support Gold, the dollar is still trading at near one-year lows.
December Silver closed at $16.67, up $0.20, or 1.21%. October Platinum closed down $1.70, to close at $1289.70. December Palladium settled at $293.45, down $1.60.
