- Gold looks set for second consecutive week of gains
- Japan’s QE fails – Returns to zero inflation
- ‘Master of the universe’ central bank speeches today
- ETF and COMEX holdings fall as gold flows East
- JP Morgan to be part of new gold ‘fix’
- Greeks pull €8 billion from banks
- “No one knows how to solve the situation in Greece”
- Bundesbank warns debt in euro zone has entered “danger zone”
- UK and Irish house prices are falling … again
Today’s AM fix was USD 1,198.00, EUR 1,106.70 and GBP 805.32 per ounce.
Yesterday’s AM fix was USD 1,209.40, EUR 1,097.26 and GBP 809.23per ounce.
Gold climbed 0.65 percent or $7.80 and closed at $1,203.40 an ounce yesterday, while silver rose 0.47 percent or $0.08 at $17.05 an ounce.
In the end of day trading in Singapore, gold prices climbed 0.3 percent to $1,199.95 an ounce after reaching a high on Thursday of $1,219.40. Gold surged after news of the bombing in Yemen but prices were capped at the $1,220 level prior to a retracement of much of the initial gains.
Oil prices jumped over 6 percent at one stage and stock markets worldwide slumped yesterday after Saudi Arabia and allies carried out air strikes, which fueled worries internationally that global energy shipments may be put at risk. (more…)