by GoldCore Gold Bullion
Today’s AM fix was USD 1,734.75, EUR 1,345.39, and GBP 1,088.37 per ounce.
Yesterday’s AM fix was USD 1,729.75, EUR 1,344.23, and GBP 1,084.35 per ounce.
Silver is trading at $33.43/oz, €26.02/oz and £21.07/oz. Platinum is trading at $1,583.00/oz, palladium at $654.70/oz and rhodium at $1,040/oz.
Cross Currency Table – (Bloomberg)
Yesterday New York was closed for the American holiday of Thanksgiving. Today trading finishes at noon. With very little data [...]
London Gold Market Report
from Ben Traynor
Tuesday 13 November 2012, 07:30 EST
Euro Spikes from 2-Month Low Following Greek Bailout Story, Gold Deposits “Getting Harder to Find” says Barrick
PRICE FOR gold bullion on the wholesale market rose to $1730 an ounce this morning in London, after drifting lower overnight, as the Euro jumped half-a-cent against the Dollar following a report that the German government is considering a plan to speed up the payment [...]
“The calls for full audits, and in some cases, repatriation, of foreign gold reserves being held by the New York Federal Reserve are growing, as now Switzerland, the Netherlands, and Ecuador have joined Germany in those calls and in Ecuador’s case, repatriation, of its gold:
German Calls for Gold Repatriation Intensify As Fed Refuses to Allow Inspection
Obviously, the Fed’s refusal to comply “in the interest of security” is a complete fabrication [...]
The Physical Gold story is growing !!
HANOI–The State Bank of Vietnam, the country’s central bank, may allow local banks to buy up to 20 metric tons of gold over the next two months to improve their liquidity ahead of a ban soon on their use of gold as a means of boosting their operating capital, a senior central bank official said in a statement issued Friday.
Banks have bought more than [...]
The deadline when local commercial banks will be prohibited from mobilizing gold deposits is now just a month and a half away, but the question of how the State Bank of Vietnam will deal with the massive amount of public gold reserves after the ban comes into effect remains unanswered.
On April 29, 2011 the central bank halted gold mobilization at banks, but lifted the ban a year later, ruling that [...]
Today’s AM fix was USD 1,589.25, EUR 1,271.40, and GBP 1,025.65 per ounce.
Yesterday’s AM fix was USD 1,593.00, EUR 1,264.79, and GBP 1,023.45 per ounce.
Silver is trading at $28.67/oz, €22.92/oz and £18.52/oz. Platinum is trading at $1,448.00/oz, palladium at $618.00/oz and rhodium at $1,200/oz.
Gold 1 Month Chart – (Bloomberg)
Gold climbed $5.60 or 0.35% yesterday in New York and closed at $1,600.20/oz despite stock markets giving up early gains on [...]
Global gold production may have hit a record last year, but that doesn’t mean the stuff is getting easier to find. Clarus Securities analyst Laurie Curtis wrote that the growing difficulties in finding gold suggest that high-grade deposits will command a stronger premium over time.
Citing data from the Society of Economic Geologists, Mr. Curtis noted that the number of deposits and total ounces found peaked in [...]