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Daily Market Recap: February 29th, 2012
Spot gold took it on the chin shedding as much as 5% at one point touching a low of $1703. The market interpreted Federal Reserve chairman Ben Bernanke's testimony as taking quantitative easing (QE3)...
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Daily Market Recap: March 2nd, 2012
Spot gold traded in a narrow range of $20 as traders looked to square positions ahead of the weekend. The yellow metal remained above $1700, trading to an intra-day low of $1702. It was a relatively...
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Daily Market Recap: March 5th, 2012
Spot gold started on the defensive in European trade, with follow through to the North American market. The yellow metal dipped to a session low of $1693. Disappointing data out of China took the wind...
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Daily Market Recap: March 6th, 2012
Spot gold continued losses which started yesterday sliding another $40 to trade to a 1 month low of $1663. A lack of economic data coupled with concerns of global growth had traders shedding long...
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Daily Market Recap: March 7th, 2012
Spot gold recovered earlier losses moving into positive territory touching $1687 as upbeat U.S data gave the metal a renewed life after last week’s $100 drop. The market continues to sting from last...
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Daily Market Recap: March 8th, 2012
Precious metals were in rally mode as growing confidence that a Greek debt swap will be well enough in favour to avoid a credit event. Spot gold traded to $1704 as the Euro picked itself off the floor...
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Daily Market Recap: March 15th, 2012
The selling eased as a small rally in gold put the yellow metal above the $1650 level. Bargain hunting and dip buying was the order of the day as gold touched a intra-day high of $1666 following the...
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Daily Market Recap: March 28th, 2012
Spot gold retreated on concerns the lingering strike in India will cut into the buying. The yellow metal dealt to an intra-day low of $1654. “Enthusiasm for precious metals waned as the boost from...
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Gold & Silver Daily Market Recap: April 11th, 2012
Spot gold remained range bound on a quiet day with the yellow metal touching $1663, before easing to trade around $1656. It was quiet day all around as equity markets bounced back after suffering 4...
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Gold & Silver Daily Market Recap: April 25th, 2012
Precious metals remained in a holding pattern as gold traded in a tight range ahead of the FOMC minutes and Ben Bernanke’s speech. Spot gold sold off to $1625 after the FOMC policy statement did not...
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Gold & Silver Daily Market Recap: November 16th, 2012
Precious metals traded lower in the early part of the North American session as fears of global growth after the release of disappointing economic data yesterday.The US equity markets haven't been kind...
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Gold & Silver Daily Market Recap: November 21st, 2012
Spot gold drifted lower in light trade as the U.S markets geared up for the thanksgiving holiday. Spot gold touched an intraday high of $1730 on the heels of a weaker U.S green back.Spot gold has...
View ArticlePrecious metals continue to consolidate – gold price little changed
FastMarkets March 19th, 2014Precious metals prices continued to consolidate on Tuesday with the complex pulling back by an average of 1.6 percent at the day’s lows, with the silver price down 2.6% at...
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