Gold Rises to New Record Nominal Euro High

Mark O'Byrne submits: Gold: Gold dipped to $1,135/oz early in New York before dipping rising sharply to close with a gain of 0.95%. Gold closed last week some 2% higher in dollars and 3% higher in euros. It has dipped from $1,159/oz to $1,155/oz in Asian and European trading this morning. Gold is currently trading at $1,155/oz and in euro and GBP terms, at €867/oz and £748/oz respectively.

Mark O'Byrne submits: Gold Gold had a strong run in London and the US reaching $1,137.50/oz before closing up 1.73%. It range traded in Asian trading earlier this morning before going back up to $1,138.00/oz. Gold is currently trading at $1,137.00/oz and in euro and GBP terms, gold remains near the new record nominal highs seen yesterday - trading at €833/oz and £755/oz respectively.

Mark O'Byrne submits: Gold is marginally higher in most currencies today and has risen a further 0.55% against the euro to €1,056/oz. It is just 3% from the record nominal high in euros at €1,087/oz due to the risk of contagion in the euro zone.[Click all to enlarge] Gold in Euros – 1 Year (Daily)

Mark O'Byrne submits: Gold: After yesterday's 1% rise, gold traded sideways in Asia but has risen again in early European trading as the dollar has fallen and oil risen after yesterday's sharp falls. Gold has risen in dollars, pounds , yen and Swiss francs which are all weaker today but is slightly weaker against the euro and commodity currencies. Gold was up 5.6% in August thereby regaining the 5% losses seen in July.

Mark O'Byrne submits: Gold: Gold dipped sharply in US trading yesterday from $1,136/oz to $1,118.50/oz before closing down 1% to $1,120/oz. Gold also fell in pounds, euro and Swiss francs but remains near record nominal highs in these currencies. Gold rose to $1,123/oz so far in Asian trading and is currently trading at $1,119.50/oz and in euro and GBP terms, it is trading at €825/oz and £749/oz respectively.

Mark O'Byrne submits: Gold dipped to $1,101.15/oz in early US trading before recovering to close with a gain of 0.37% despite continuing dollar strength. It rose in Asian trading and has range traded from $1,109/oz to $1,113.50/oz so far in European trading this morning. Gold is currently trading at $1,114.00/oz and in euro and GBP terms, gold is trading at €813/oz and £739/oz respectively.

Mark O'Byrne submits: Gold Gold reached as high as $1,140/oz in New York on Friday before closing marginally for the day at $1,134/oz, but up over 1% on the week to maintain the positive technical action. It went as high as $1,138/oz so far in Asian trading this morning. Gold is currently trading at $1,137/oz and in euro and GBP terms, gold is trading at €831/oz and £748/oz respectively.

Mark O'Byrne submits: Gold: Gold had a strong run in London and the US rising to $1,144.85/oz before falling back slightly to close up 0.55% in US trading. It has dropped as low as $1,132.00/oz in Asian trading this morning before bouncing somewhat. Gold is currently trading at $1,138.00/oz and in euro and GBP terms, gold is trading at €833/oz and £756/oz respectively - near recent nominal highs in both currencies.