Inflation Scorecard: In a Word, 'More'

Fri, 03/04/2011 - 14:57 EDT - Seeking Alpha

Hard Assets Investor submits:

By Brad Zigler

Real-time Monetary Inflation (last 12 months): 1.5%

Gold continued its rise across the reserve currency spectrum this week. The yen yielded 1.1 percent to bullion with the Swiss franc close behind with its 1.0 percent loss. Sterling was off 0.4 percent as the euro fell 0.3 percent.U.S. dollar-denominated asset values also reflected an inflationary bias. For the week ending Thursday:

Morning gold fixes in London averaged $1,418 and finished 1.1 percent higher at $1,430; COMEX spot was virtually unchanged at $1,416 after averaging $1,420; average daily volume inched up 3.3 percent to 174,439 contracts; open interest was built up by 14,309 contracts to 524,584.

COMEX gold inventories increased by 67,342 ounces (2.1 tonnes) to 11.147 million; stocks now cover 21.5 percent of open interest; immediate demand for COMEX bullion amounts to no more than 9,800 ounces, while 2.483 million ounces are in a deliverable position.

Bullion

Complete Story »

Original article
Login or register to post comments

Inflation Scorecard: U.S. Inflation on the Rise
Hard Assets Investor submits: By Brad ZiglerReal-time Monetary Inflation (last 12 months): 0.6%The Swiss franc took front-runner status this week in the derby against bullion, gaining 2.0 percent. Sterling trailed close behind with a 1.8 percent rise as the euro and yen rounded out the reserve currency peloton with gains of 0.7 and 0.6 percent, respectively.
Inflation Scorecard: More Dollar Erosion
Hard Assets Investor submits: By Brad Zigler Real-Time Monetary Inflation (Last 12 Months): 1.3%. This week, gold knocked the world's reserve currencies down a peg - with the sole exception of the Swiss franc. While the Swissie moved up 0.6% against bullion, sterling slid 2.0% and the euro declined 1.0%. The yen gave up 0.6% to gold.
Inflation Scorecard: Inching Up Again
Hard Assets Investor submits: By Brad Zigler This week, the Swiss franc reversed course vs. bullion, giving up 3.9 percent to gold. Other reserve currencies also yielded to the metal. The yen lost 3.3 percent while the euro and sterling slipped 2.9 and 2.3 percent, respectively. The U.S. dollar continued on its reflationary course this week as well. As of Thursday:
Inflation Scorecard: Gold Down, Long Rates Up
Hard Assets Investor submits: By Brad ZiglerGold's breakdown was this week's feature.
Inflation Scorecard: A Volatile Week
Hard Assets Investor submits: By Brad Zigler Gold reversed course Thursday, along with a broad spectrum of commodities, paring the gains scored earlier against the reserve currencies. Still, bullion managed to eke out a 0.7 percent advance vs. the yen and moved ahead 0.6 percent against sterling. The Swiss franc gave up 0.2 percent to gold, while the euro gained 0.1 percent.
Inflation Scorecard: New Highs Scored by Gold Aren't Universal
Hard Assets Investor submits: By Brad Zigler The euro and the Swiss franc held off bullion this week, to rise 0.5 percent and 0.4 percent, respectively. Other world reserve currencies swooned before gold, though, setting all-time lows. Sterling gave up 0.2 while the yen fell 0.9 percent.For dollar-denominated assets this week:
Inflation Scorecard: Gold Sweeps Currencies
Hard Assets Investor submits: By Brad Zigler Gold made a clean sweep against the world's reserve currencies this week, particularly the yen, which posted a record-setting 4.8 percent loss. Bullion notched a new record against the greenback as well, while it rose 2.1 percent vs. the Swiss franc and 1 percent in euro. Sterling yielded 0.5 percent to gold.In dollar-denominated assets:
Inflation Scorecard: Gold Clubbed by Currencies
Hard Assets Investor submits: By Brad Zigler Real-time Monetary Inflation (last 12 months): 1.4%
Inflation Scorecard: Yen Highlights Dull Week
Hard Assets Investor submits: By Brad Zigler Gold treaded ground this week against reserve currencies, with the notable exception of the yen. Bullion notched a new record Thursday at an average price of ¥118,551, bettering its previous high from March 2.
Gold Rebounds as Inflation Heats Up
Real-Time Monetary Inflation (last 12 months): 2.5% Gold rebounded against the world's reserve currencies this week. Like last week, the yen stood out, but this time it was notable for its retreat. After coordinated central bank intervention, the Japanese currency gave up 5.5 percent to bullion. The Swiss franc retraced most of last week's gain and ceded 3.7 percent to gold. Sterling shed 2.1 percent and the euro slipped 1.1 percent.

Main menu

Secondary menu

Inflation Scorecard: In a Word, 'More'

Related

Latest

User login

Our Blog

Markets Map

Follow Us

Secondary menu