28 June 2013The U.S. Comex gold futures touched a low of $1,196.10 on Thursday, and are heading towards a loss of over 24 percent for Q2. Since the recent FOMC meeting on 18-19 June, the gold futures have lost 12 percent
26 June 2013After plunging 6.89 percent last week, the gold futures have dropped 1.31 percent in the past two days to finish at $1,275.10 on Tuesday. The prices fell to as low as $1,242.60 during Wednesday Asian morning.
25 June 2013A rising US real yields, stronger US dollar index, tapering of the QE programme and worries about China financial system added selling pressure towards gold and silver.
24 June 2013To round it all up, the month of June was another setup for a bigger fall on gold and silver. Despite a weaker US dollar index, both failed to capitalise to move to higher prices.
21 June 2013The selloff in gold is a deja-vu of the April selloff as we have seen it all before. After a small rebound to $ 1376, prices tumbled to a low of $ 1346 but the selling continues in early European trading hours.
21 June 2013After the June 18-19 FOMC meeting, the U.S. Fed has injected more fear than calm into the gold market. The U.S. Comex gold futures inched up 0.52 percent on Wednesday after the Fed has released its FOMC statement.
20 June 2013Given that the current scenario favours lower gold and silver prices, investors are prone to sell and liquidate their long positions. There is no telling how low prices could go before it is considered a bottom but several analysts call for $ 1307 / $...
19 June 2013Despite a weaker dollar index, gold failed to capitalize to break previous resistance at $ 1425. It has repeatedly failed to hold above $ 1400.00 as strong selling interests always dominate.
19 June 2013The U.S. Comex gold futures dropped 1.49 percent in the past two days while the S&P 500 index jumped 1.54 percent and the Euro Stoxx 50 Index rose 1.26 percent.
18 June 2013Another uninspiring start to the week as gold prices remains subdued below the psychological level of $ 1400.00. During the early Asian trading zone, prices remain strong at $ 1390.00
Can we help?-
We are online Mon-Fri between 9am-5pm. Please leave a message and we'll get back to you.
Our showroom is also open Mon-Fri between 9am-5pm at 54 St James's Street, London, SW1A 1JT.
Contact us on +442078710532.
Many thanks for your time, we will be in touch where appropriate.