Mark O`Byrne

Precious metals analyst

Gold Investments Market Update - China Gold Demand Surges as Chinese Investors Diversify

Gold was down 1% ($9.50 to $918.10) but silver remained firm and closed marginally lower (down $0.06 to $17.92) and profit taking on oil's weakness was seen by many as the primary cause of yesterday's sell off. Gold traded sideways in Asia but has rallied in early trade in Europe. With ... (May 23, 2008 7:34AM)

Gold Investments Market Update - Western Economies Experiencing Early Stages of Stagflation

Gold and silver continued to surge yesterday with gold up nearly 1% (up $8.25 to $927.80) and silver up 2% (up $0.35 to $17.97). Gold continued to rally in Asia but has succumbed to some profit taking in early trade in Europe. (May 22, 2008 7:51AM)

Gold Investments Market Update

Gold and silver continued their recent move up yesterday prior to a slight sell off. They have traded sideways to slightly up in Asia and early trade in Europe. Since last Thursday gold had soared by more than 5% and thus profit taking was to be expected. Similarly year to date gold is up nearly 9% ... (May 20, 2008 9:41AM)

Gold Investments Market Update

Gold was up $20 to $898.40 on Friday and silver was up 28 cents to $16.90. Gold started the week with the rally continuing in Asia and has risen in early trading in Europe to over $910 per ounce. Oil has weakened slightly but the dollar has also weakened slightly and this likely contributed to g... (May 19, 2008 8:45AM)

Gold Investments Market Update

Gold was up $13 to $878.40 yesterday and silver was up 7 cents to $16.62 (more on silver below). Gold traded flat in Asia and has risen in early trading in Europe to $889 per ounce. (May 16, 2008 8:05AM)

Gold Investments Market Update

Gold was down $3.60 to $865.40 yesterday and silver was down 18 cents to $16.55. Gold traded flat in Asia and has risen marginally in early trading in Europe. While the dollar is down today, the dollar's short term bounce may continue and this could put further pressure on gold and result in fu... (May 15, 2008 10:24AM)

Gold Investments Market Update

Gold was down $13.90 to $869 yesterday and silver was down 43 cents to $16.73. Gold traded flat in Asia and has fallen marginally in early trading in Europe. But with oil prices rising and inflation pressures increasing internationally, gold will be well supported at these levels. (May 14, 2008 6:13AM)

Gold Investments Market Update

Gold was down 80 cents to $883.90 yesterday but silver was up 36 cents to $17.16. The London AM Gold Fix at 1030 GMT this morning was at $877.00, £450.18 and €566.61 (from $887.25, £453.91 and €573.60 yesterday). (May 13, 2008 7:54AM)

Gold Investments Market Update

After last week’s more than 3% gain in gold, gold surged to nearly $890.00 in early trading in Asia prior to succumbing to subsequent profit taking. The London AM Gold Fix at 1030 GMT this morning was at $887.25, £453.91 and €573.60 (from $863.50, £434.64 and €556.74 on Friday). (May 12, 2008 10:16AM)

Gold Investments Market Update

A firm note tracked the Gold price overnight and it is currently $888.90. Closing above $880 adds to that positive tone and the next resistance level stands at $897. The London AM Gold Fix at 1030 GMT this morning was at $887.25, £453.906 and €573.604 (from $872.25, £445.48 and €568.61 yesterday). (May 09, 2008 8:39AM)

Gold Investments Market Update

Gold traded around the $870.00 mark overnight with silver tracking movements around the $16.60 level. The London AM Gold Fix at 1030 GMT this morning was at $872.25, £445.48 and €568.61 (from $878.00, £446.38 and €565.25 yesterday). (May 08, 2008 10:06AM)

Gold Investments Market Update

Gold achieved $882.75 per ounce in NY trading yesterday but failed to keep above the $880 resistance level. Silver touched $16.89 overnight down 11 cents from yesterday’s high of $17.00. The London AM Gold Fix at 1030 GMT this morning was at $878.00, £446.38 and €565.25 (from $863.50, £434.64 €556.74 l... (May 07, 2008 11:36AM)