Commentary for Tues, Aug 5, 2014 – Gold closed down $3.70 at $1284.90 under pressure from a strong dollar and positive economic information. The overnight market in Hong Kong was relatively flat but weaker prices in London carried over to the domestic market as gold approached its 200 day moving…
Commentary for Mon, Aug 4, 2014 (www.golddealer.com) – Gold closed down $5.90 at $1287.70 and some informed commentators claim this further pull-back is the result of stocks regaining their footing but I’m not so sure. This really looks like some minor profit taking from Friday’s jump in prices coupled with…
Did you know that gold has been of value for thousands of years? The concept of coinage originates in Asia Minor in the 600s B.C. The idea spread west all the way to Europe, where in the centuries that followed the Persian, Roman, and Phoenician Empires amassed an impressive collection…
Commentary for Fri, Aug 1, 2014 (www.golddealer.com) – Gold closed up $12.30 at $1293.60 regaining most of its loss yesterday ($13.60) on the news that the US produced 209,000 new jobs last month which is less than expected. Today’s gain also looks like some safe-haven buying re-entering the market which…