Chart usGOLD   Chart usSILVER  
 
Food for thought
In a bear market everyone loses, and the winner is the one who loses the least.
Richard Russel  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1172.59-0.01
Silver 16.13-0.02
Platinum 1232.000.75
Palladium 788.20-1.55
WORLD MARKETS
DOWJONES 17391182
NASDAQ 463165
NIKKEI 16414756
ASX 550548
CAC 40 423392
DAX 9327212
HUI 156-8
XAU 65-3
CURRENCIES (€)
AUS $ 1.4228
CAN $ 1.4106
US $ 1.2521
GBP (£) 0.7830
Sw Fr 1.2056
YEN 140.6600
CURRENCIES ($)
AUS $ 1.1371
CAN $ 1.1268
Euro 0.7987
GBP (£) 0.6254
Sw Fr 0.9626
YEN 112.2900
RATIOS & INDEXES
Gold / Silver72.70
Gold / Oil14.81
Dowjones / Gold14.83
COMMODITIES
Copper 3.07-0.01
WTI Oil 79.20-1.32
Nat. Gas 3.890.06
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Gold & Silver Market Morning, April 04 2012
Published : April 04th, 2012
481 words - Reading time : 1 - 1 minutes
( 0 vote, 0/5 ) Print article
 
    Comments    
Tweet

 

 

 

 

New York closed at $1,646.30 down $30 then Asia took it down to $1.638 while the euro dropped 2 cents to €1: $1.3168. Today, gold Fixed it at $1,631.75 down $40 and in the euro at €1,239.649 down €15 while the euro stood at €1: $1.3163. Ahead of New York’s opening it stood at $1,633.75 and in the euro €1,241.07 while the euro was at €1: $1.3164.

 

Silver fell back to $32.14 down 84 cents. London moved it down to $32.08. Ahead of New York’s opening it stood at $32.10.

 

Gold (very short-term)

 

Gold will consolidate before having a weaker bias, in New York today.

 

Silver (very short-term)

 

Silver will consolidate before having a weaker bias, in New York today.

 

Price Drivers

 

While the jewelers strike in India is coming to an end the pent-up demand that built up during the strike has not fed through to the gold market, yet. The lower prices will add impetus to the release of this demand pressure. Add to this that in China there is a holiday for the rest of the week. We expect to see a marked drop in demand until either later this week or early next week.

 

Once the Chinese holiday is over and the Indian jewelry market back in action next week, the picture will do an about turn. [To follow our weekly commentary on the Chinese and Indian gold markets, please subscribe to our newsletters at www.GoldForecaster.com and at www.SilverForecaster.com.]

 

The head of the World Bank has accepted the likely formation of an emerging world, World Bank, stating that for India, infrastructural development would be the purpose, for China, to facilitate the internationalization of the Yuan. It is significant that the developed world is moving to accept these developments. They are inevitable and will undermine the developed world’s financial system, particularly the dollar.

 

We have just issued an article on the development of a monetary system that is aimed at being independent of the present U.S. dominated monetary system. We are of the opinion that this will lead to a wounding of the dollar, permanently and for gold to be brought to a more active role in both systems.

 

Next we will look at the Gold Standard and how a system with gold intertwined can be made to work. Both these subjects are pertinent to the future monetary systems that will control the globe in the years to come. Gold markets, alongside most global financial markets, tend to be myopic, but a glance at long-term developments will shape the view of the successful investor. After all when you understand the currents and tides that dominate the precious metal markets then the daily tidal flows are more manageable.

 

Regards,

 

Julian D.W. Phillips for the Gold & Silver Forecasters

 

Global Gold Price (1 ounce)

Today

1 day ago

Franc

Sf1,558.97

Sf1,553.41

US

$1,698.22

$1,691.80

EU

1,269.22

€1,262.34

India

Rs.88,434.81

Rs.88,591.11


 

 

Data and Statistics for these countries : China | India | All
Gold and Silver Prices for these countries : China | India | All
Tweet
Rate :Average note :0 (0 vote)View Top rated
Previous article by
Gold Forecaster
All articles by
Gold Forecaster
Next article by
Gold Forecaster
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
Most recent articles by Gold Forecaster
1/16/2013
1/14/2013
1/7/2013
12/20/2012
12/18/2012
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