An abbreviated market recap today...
Canada's Gold & Silver Specialists
- Call 1.877.916.6670
- Contact Us
Featured News
Jul 31 2012 16:32PM
Another month comes to an end with precious metals pushing higher. It was a muted day as traders sit on the sidelines waiting for the outcomes of the FOMC and ECB meetings.
Spot gold pushed higher in European trade to $1629 but couldn't quite hold its gains dipping lower during North American trade to $1615
"Price movement have been fairly muted while investors mostly bide their time in anticipation of the results of the FOMC meeting" Standard Bank said
Jul 30 2012 16:11PM
A relatively quiet day on the markets as traders positions themselves for a very busy week with the European Central Bank and the Federal market open committee both meeting.
Spot gold staged a small rally in what's setting itself up for a busy week for the markets. The yellow metal targeted $1625 is what only can be called an uninspiring day. Light volumes initially took the metal to its low of the day at $1615. The metal remained in a tight $10 range with an eye on Wednesday, Thursday and Friday.
Jul 27 2012 15:08PM
Precious metals rallied sharply off of European Central Bank President Mario Draghi's comments that the Euro will be defended at all costs. Spot gold shot up 1%.
Jul 25 2012 16:30PM
Another trading day brings another round of whether QE3 is near or not. Spot gold jumped to trade above $1600 for the first time in 2 weeks.
Jul 24 2012 16:37PM
Spot gold remained locked in its trading range of $1568 to $1585 unable to sustain any meaningful rally while trading deeper in its triangle formation.
There was a boat load of data released in China, U.S and Europe largely on the negative side which pushed the metals complex lower. China's July HSBC flash manufacturing PMI came in at 49.5 against June's deeper contraction of 48.2, France's July flash manufacturing PMI was 43.6 versus a forecast of 45.6, while Germany's was 43.3 versus a predicted 45.3.
Jul 23 2012 16:46PM
The euro dollar touched a 2 year low of 1.2070 keeping precious metals on their heels to start a rocky week off.
Spot gold shed as much as $20 in the European session and carrying over to the North American session. The metal touched $1563 as Greece bail out worries propped up as well as new concerns for Spain and Italy.
Jul 20 2012 16:41PM
Spot gold traded sideways with end of week position squaring the theme of the day. The metal traded between $1575 and $1585 with the absence of any market moving data.
Jul 20 2012 15:11PM
As we change days so does the pattern of alternating between up and down days. Spot gold reversed higher to $1591 amid poor U.S data released this morning.
Jul 18 2012 16:37PM
Another lackluster day on the metals as both gold and silver traded lower on Big Ben's second day of testimony before the House Financial Services Committee.
The yellow metal traded lower to $1568 and Fed Chairman Ben Bernanke still gave no hints of any forthcoming QE3. He did state that the central bank is willing to launch new stimulus programmes to jump-start the economy should conditions deteriorate further, but never gave a specific time or period of when they would feel to launch that.
Pages
USA
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District Of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Palau
- Pennsylvania
- Puerto Rico
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Canada
Partners
© 2012 Cache Metals Inc. | Canada's Gold & Silver Specialists.
Buy Gold Online Buy Silver Online Buy Platinum & Buy Palladium Buy Bullion Bars & Coins Online
Corporate Office Address
166 Davenport Road | Toronto | Ontario | Canada | M5R 1J2 |
Tel: 416.916.6660 | Toll Free: 1.877.916.6670 | Fax: 416.916.6702
Map Location
Toronto Retail Location l Buy Gold & Silver in Toronto
215B Davenport Road l Toronto l Ontario l Canada
Tel: 416.966.6660 l Toll Free:1.877.916.6670 | Fax: 416.916.6702
Hours Map Toronto Gold & Silver Store
Cache Metals, an online gold and silver bullion dealer, services clients across Canada & the USA, including; Toronto, Vancouver, Montreal, New York, California, Georgia, New Jersey, Ohio, Tennessee, Montana, Florida, Boston, Detroit. Buy gold and silver online at wholesale prices.
As with all investments, the price of precious metals changes rapidly, and as such should be considered volatile. Upon entering the metals market, the risk of loss is solely that of the client. Only individuals who are capable of sustaining a capital loss should consider purchasing precious metals. Acquisitions in precious metals which are financed are considered high risk