Chart chfGOLD   Chart chfSILVER  
 
Food for thought
Liberty means responsability. That is why most men dread it
G.B. Shaw  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1236.30-1.80
Silver 17.320.07
Platinum 1263.309.10
Palladium 754.803.90
WORLD MARKETS
DOWJONES 16341222
NASDAQ 425841
NIKKEI 15034501
ASX 526016
CAC 40 4033115
DAX 8850267
HUI 187-7
XAU 77-2
CURRENCIES (€)
AUS $ 1.4535
CAN $ 1.4377
US $ 1.2752
GBP (£) 0.7919
Sw Fr 1.2078
YEN 136.8920
CURRENCIES ($)
AUS $ 1.1400
CAN $ 1.1273
Euro 0.7842
GBP (£) 0.6210
Sw Fr 0.9471
YEN 107.3390
RATIOS & INDEXES
Gold / Silver71.38
Gold / Oil15.09
Dowjones / Gold13.22
COMMODITIES
Copper 3.04-0.02
WTI Oil 81.920.30
Nat. Gas 3.72-0.04
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Gold Prices Hover, Trading Sluggish Ahead of Fed Meeting
Published : April 23rd, 2012
421 words - Reading time : 1 - 1 minutes
( 2 votes, 3.5/5 ) Print article
 
    Comments    
Tweet

 

 

 

 

Gold’s London AM fix this morning was USD 1,632.00, EUR 1,240.97, and GBP 1,014.42 per ounce. Friday's AM fix was USD 1,640.00, EUR 1,246.30 and GBP 1,018.25 per ounce.

 

Silver is trading at $31.29/oz, €23.80/oz and £19.43/oz. Platinum is trading at $1,564.50/oz, palladium at $664/oz and rhodium at $1,350/oz.

 

Gold gained $1.20 or 0.07% in New York and closed at $1,642.00/oz on Friday. Gold initially traded sideways in Asia and then took a dip downward to $1,631.37. A slight bounce now shows gold near $1,632.69 in European trading.

 

Gold fell 1% last week and a stronger dollar has weakened the demand for gold as an alternative investment. The dollar gained strength against the euro as France’s Presidential elections have seen Sarkozy with only 27.1% of the vote behind Hollande’s 28.6% and Le Pen’s surprise 18.1%. Many people see the election as another disruption into a solution to the euro zone crisis. There is also the fear of a dangerous break of the Franco-German alliance if Sarkozy is ousted by a socialist.

 

The IMF meeting ended yesterday and leading world economies agreed to more than double the lending power of the IMF in an effort to protect the global economy from the euro zone contagion. This was still short of Lagarde’s $600 billion goal.

 

The Netherlands was drawn into the spotlight over the weekend when the government failed to agree on budget cuts, making elections nearly unavoidable and casting doubt on its support from future euro zone aid.

 

Investors will watch the China HSBC manufacturing survey at 1430 GMT as a measure of the conditions of the world’s 2nd largest economy. The Federal Reserve meets on Tuesday and Wednesday, and its statement on monetary policy is given on April 25th. The Bank of Japan meets on Friday and is expected to ease again.

 

Trading is sluggish as the market waits for clues.

 

For breaking news and commentary on financial markets and gold, follow us on Twitter.

 

NEWS
Gold May Drop as Dollar Strengthens Before Data, Fed Statement – Business Week

 

Gold hovers around $1,640/oz; eyes on Fed meeting - Reuters

 

Italian Police Seize $5 billion of U.S. Securities - Reuters

 

Sarkozy, Hollande to Square Off as Le Pen Has Record Vote - Bloomberg

 

COMMENTARY
Get Physical Gold & Silver – Zero Hedge

 

The Best Reason in the World to Buy Gold - Forbes

 

James Rickards on Central Banks Obsession with Gold and Why more QE is Imminent! – Future Money Trends

 

Auguries — Doors of perception – Financial Post

 

Mark O’Byrne

Goldcore

 

 

Data and Statistics for these countries : China | France | Japan | Netherlands | All
Gold and Silver Prices for these countries : China | France | Japan | Netherlands | All
Tweet
Rate :Average note :3.5 (2 votes)View Top rated
Previous article by
Mark O'Byrne
All articles by
Mark O'Byrne
Next article by
Mark O'Byrne
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Mark O'Byrne

Mark O'Byrne is executive and research director of www.GoldCore.com which he founded in 2003. GoldCore have become one of the leading gold brokers in the world and have over 4,000 clients in over 40 countries and with over $200 million in assets under management and storage.We offer mass affluent, HNW, UHNW and institutional investors including family offices, gold, silver, platinum and palladium bullion in London, Zurich, Singapore, Hong Kong, Dubai and Perth.
Mark O'Byrne ArchiveWebsiteSubscribe to his services
Most recent articles by Mark O'Byrne
10/17/2014
10/16/2014
10/15/2014
10/14/2014
10/13/2014
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer