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Gold Sets New Record

Price Tops $1,922oz.

Sep 6, 2011 7:00 AM   By Jeff Miller
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RAPAPORT... Update: Spot gold set a record of $1,922.20oz. during the early morning hours in New York.  At the record price, gold was up 51 percent year on year and trading 13 percent higher from 30 days ago. Silver was up $2 to $43oz. and platinum was up $3 to $1,892oz.  Following early highs, gold, silver and platinum experienced a broad selloff. In currency trends, the $1 bought: GPB 0.62, EURO 0.72, CAD 0.99, ZAR 7.19, INR 46.

8/22/2011 7:00 PM

Spot gold hit a new record in Asia on August 22. At $1,911.46oz., gold was up 54 percent year on year and up 18 percent for the past 30 days.  Other metals rallied in the afternoon hours,  silver was up 85-cents to $43.75oz., platinum was $32 higher at $1,905oz.  The dollar bought GPB 0.61, CAD 0.99, EUR 0.70, INR 45.57, and ZAR 7.21.


8/19/2011 8:00 AM

Concerns over another recession helped to push spot gold to a new record during London trading. Gold hit $1,878.90oz., which was a 51 percent year on year increase. Global economic concerns helped to push silver higher too, it was up $1.52 to $42.16oz. and platinum added $26 to $1,864oz. The dollar weakened slightly against major currencies. As far as the major diamond trading center currencies, $1 = GPB 0.60, CAD 0.99, EUR 0.69, INR 45.67, ZAR 7.18.

8/18/2011 3:45 PM

Spot gold surged to a new record of $1,830oz. in New York, reflecting a 49 percent year on year increase in price. Gold is up 14 percent in the past 30 days. Silver was up 44-cents to $40.67oz., and platinum reversed its earlier losses in the day to increase $1 to $1,838oz. as of 3:45 p.m. in New York.


8/10/2011 6:55 PM

New York spot gold rose to a record high of $1,813.79oz., as Wall Street continued to experience volatile trading. Gold was up 48 percent year on year and had increased 16 percent in the past 30 days. Silver rose $1.26 to  $38.97oz. and platinum recovered from an earlier loss and rose $13 to $1,763oz. The dollar was mostly weaker against major currencies. $1 = GPB 0.62, CAD 0.99, EUR 0.70, INR 45.2, ZAR 7.23.

8/9/2011 6:00 AM

London spot gold reached a record at $1,780.80oz. as global markets continued to react to the debt problems in the U.S. and E.U. Gold was up 47 percent year on year and trading 15 percent higher for just a 30-day period. Silver was 68-cents lower at $38.35oz., but platinum was up $14 to $1,727oz.

8/8/2011 1:33 PM

Spot gold broke past a record $1,700 an ounce early in trading on August 8 and then reached a new high in early afternoon from New York. Gold was up 42 percent year on year at $1,721.70oz. in early afternoon trading.  Silver was stable and slightly higher, up 98-cents to $39.30oz. Platinum lost earlier gains, but was up $3 to $1,719oz. The dollar was stable against major diamond industry currencies: $1 = GPB 0.61, CAD 0.99, EUR 0.70, INR 45.01, ZAR 7.13.


8/4/2011 10:10 AM

For a third consecutive day, spot gold hit a record high reaching $1,683.30oz. in mid-morning trading from New York. Gold was up 40.5 percent year on year and trading 11 percent higher in just the past 30 days.  As of 10 a.m., silver was up 33-cents to $42.06oz., but platinum had lost $29 to $1,750oz.

8/3/2011 7:00 AM

For a second consecutive day, spot gold hit a new record high at $1,674.10oz., this time during London trading hours. Gold was up 41 percent year on year and has increased 12 percent during the past 30 days. Silver was basically flat in early morning hours at $41.03oz., but platinum lost $15 to $1,780oz.

8/2/2011 4:10 PM

New York spot gold continued its climb into record territory during the afternoon hours on August 2 at $1,660.50oz. Gold was trading higher by 40 percent year on year and up 12 percent in the past 30 days. Silver was up more than $1 to $40.78oz., but platinum lost $2 at $1,791oz.

7/29/2011 11:59 AM

New York spot gold hit a record briefly on July 29 in late morning trading at $1,633.80oz. Gold was up 40 percent year on year and trading 8 percent higher for the past 30 days. Silver added 36-cents to $40.09oz., but platinum was down $9 to $1,774oz. The dollar was stable against major diamond currencies:  GBP 0.60, EUR 0.69, INR 44.21, ZAR 6.69, and CAD 0.96.

7/27/2011 11:59 AM

Spot gold reached a new high during the late morning hours in New York at $1,629.60oz. Gold was up 40 percent year on year and up 8 percent in the past 30 days. Silver was trading mostly flat this morning at $40.53oz. and platinum gained $2 to $1,804oz. In currency news, the dollar bought: GPB 0.61, EUR 0.69, INR 44.14, ZAR 6.67, and CAD 95.


7/25/2011 7:55 AM

Spot gold set a new record very early Monday as markets remained jittery about the ongoing U.S. debt negotiations. The yellow metal traded at $1,624.30oz. on July 25 has increased 14 percent since the beginning of the year. Silver rose 2 percent to $40.87oz. while platinum remained unchanged at $1,791oz. before New York trading began.

7/19/2011 5:54 AM

Spot gold hit $1,611 oz. early today, which was nearly 35 percent higher than one year ago. Gold was up 4.1 percent in the past 30 days. Silver lost 4-cents in early trading to $40.41oz. while platinum was up $6 to $1,777oz.


7/18/2011 4:54 AM

Spot gold rose to a record above $1,600 oz. during Londong trading on Monday as debt concerns in Europe and the U.S. spurred demand for the yellow metal as a safe haven investment. Gold is up 3.8 percent from a month ago and has risen 34 percent year on year.  Silver was trading slightly up at $40.09 an ounce and platinum was trading $2 higher at $1,763 an ounce. 

7/14/2011 6:50 AM

Following yesterday's record, spot gold again reached a new high in early morning trading at $1,595.60oz. Gold is up 4.5 percent in the past 30 days and 32 percent higher from one year ago. In the early morning hours from New York, silver was up 96-cents to $39.19oz. and platinum was trading $16 higher at $1,769oz. In currency markets, the greenback bought GBP 0.62, CAD 0.96, EUR 0.70, INR 44.49, ZAR 6.86.


7/13/2011 11:50 AM

Spot gold hit a record of $1,589.40oz. during late morning trading on July 13, which was up 33 percent from one year ago. Silver was trading at $38.26oz., up $2.11 today in  New York and platinum was up $38 to $1,767oz.


5/1/2011 3:24 PM

Spot gold hit a record high of $1,578.20oz. on May 1, 2011. Gold slipped more than $30 though during the day. Silver took a nosedive and lost nearly $6 to $42.50oz. Platinum initially rose above $1,880oz. in early trading, but lost $50 during the afternoon hours.

4/29/2011 3:24 PM

Spot gold surged to a record after the lunch hour in New York. Gold for immediate delivery was up 34 percent year on year to $1,570.60oz. Silver tested $49 earlier in morning trading, but lost ground in the afternoon and was down 35-cents at 3:15 p.m. to $48.13oz.  Platinum added $33 to hit $1,869oz. The dollar was mainly stable against diamond center currencies: $1 bought GBP 0.59, EUR 0.67, INR 44.2, CAD 0.95.


4/28/2011 11:05 AM

Spot gold was trading higher before the noon hour in New York and hit a new intra-day record of $1,539.50oz.  Gold for immediate delivery was up 32 percent from one year ago. Silver inched closer to the $50 mark, trading $1.40 higher at $49.17oz. Platinum was up $12 to $1,836oz. The dollar was weaker against major diamond market currencies. $1 bought GBP 0.60, CAD 0.95, EUR 0.67, INR 44.4.

4/27/2011 2:49 PM

New York spot gold shot up to a record high in late-afternoon trading. Gold for immediate delivery was up 1 percent today on average and hit a record $1,531.40oz.. Gold was trading 33 percent higher than one year ago today. Platinum was up $16 to $1,820oz. and silver gained $1.66 to $47.26oz.

4/25/2011 6:29 AM

New York spot gold hit a record high of $1,519.30oz. on April 25. Siver came very close to $50oz., but a sell-off dropped the price back to under the $45 mark.


4/22/2011 6:29 AM

London gold for immediate delivery set a new record in late morning trading at $1,513.60oz., up 6 percent for the month and 33 percent year on year. Gold has been trading above the $1,500oz. mark most of this week. Silver continues to trade near record, up 2-cents to $46.63oz. and platinum was up $3 to $1,816oz.  In currency news, the greenback bougth GPB 0.60, CAD 0.96, EUR 0.68, and INR 44.1.

4/21/2011 6:29 AM

Spot gold hit $1,510.10oz. during London trading, setting a new record for the metal and pushing the price up nearly 33 percent from one year ago. Silver has been inching closer to its own record set some 32 years ago and charged ahead 77-cents to $46oz. while platinum was up $17 at $1,816oz.


4/20/2011 5:05 AM

Gold rose above $1,500oz for the first time on Wednesday as concerns about the global recovery boosted the metal’s appeal as a safe-haven investment. The yellow metal set a new record of $1,503.0oz during the day’s trading. Silver was trading higher by 59 cents at $44.55oz and platinum rose by 21 cents to $1,788.00oz.

4/18/2011 9:20 AM

Gold started the work week with a bang and new record in early morning trading out of New York. Spot gold hit $1,498.20oz. before markets opened. Gold is up 5% in the past month and up 31% year on year. Silver was trading higher by 5-cents at $43.10oz. and platinum was down $8 to $1,781oz.


4/15/2011 4:11 PM

Spot gold hit a record $1,489.30oz. in New York during the late afternoon hours. Gold has pretty much held to record territory all day and was trading up 6 percent on the month and 28 percent year on year. Silver continued strong and was up 70-cents as of 4 p.m., trading at $42.88oz. and platinum was weaker, losing $4 to $1,787oz.   The greenback improved slightly against major currencies. The U.S. dollar bought GPB 0.61, CAD 0.97, EUR 0.69, and INR 44.3.

4/11/2011 7:30 AM

Spot gold touched a new record at $1,477oz. during early London trading today. The price marked a fourth consecutive business day in which the metal reached a new high. Silver maintained momentum above $40oz. trading  up 36-cents to $41.29oz. as of 7:30 a.m. in New York. Platinum was down $8 to $1,801oz.  The U.S. dollar improved slightly and bought GBP 0.61, CAD 0.96, EUR 0.69, and INR 44.4.


4/8/2011 6:05 PM

Spot gold hit a new record in London trading this morning and again this afternoon in New York. Friday was the fourth consecutive day this week that gold hit a new record. Gold rose about 1 percent on the day to a record $1,476.40oz., and that was up 28 percent from one year ago. Meanwhile, silver jumped past the $40 benchmark and closed $1.29 higher at $40.93oz. Platinum closed $29 higher at $1,809oz. The dollar bought GBP 0.61, CAD 0.96, EUR 0.69, and INR 44.1.

4/7/2011 11:20 AM

Gold set another record today, the third consecutive trading day this week, at $1,466.20oz. in New York. Spot gold was about 27 percent higher than one year ago, but it is only up 2 percent in the past 30 days. Prices rose and then backed-off the record following a 7.4 magnitude aftershock and tsunami warning in Japan.  As of late morning, silver was unchanged at $39.51oz. and platinum lost $4 to $1,787oz.


4/6/2011 12:20 PM

New York spot gold set a new record in late morning trading following record prices in London earlier today. Gold hit  $1,463.70oz., which was up 29 percent from one year ago, but the metal experienced some profit-taking and quickly settled back to $1,457oz. Gold has been hitting new  highs at several points during the past 24 hours. Meanwhile, silver held on to near a 31-year high at $39.37oz. and platinum gained $9 on the day at $1,802oz. in early afternoon trading from New York. The dollar made some gains, but remained weak against diamond industry trading center currencies. At 12 p.m. in New York the $1 bought EUR 0.70, INR 44, CAD 0.96, and GBP 0.61.


4/5/2011 2:50 PM

Spot gold hit  a new record of $1,458.20oz. in New York in mid-afternoon trading after having entered record territory shortly before the noon hour today. Gold was trading 29 percent higher than one year ago. Silver maintained its post-Hunt brothers era high at $39.23oz., up 64-cents in afternoon trading, while platinum added $1 to $1,786oz.


3/24/2011 12:00 PM

New York spot gold hit a new record shortly before the noon hour on March 24, 2011. Spot gold traded at $1,449.10oz., a good 3 percent up on the month and 33 percent higher than one year ago. Silver was lower on the day, but still near 30-year highs, post-Hunt brothers era, at $37.41oz. Platinum was flat at $1,756oz.


3/8/2011 2:35 AM

Spot  gold hit a new high of $1,444.40oz. on Monday, March 7,  before pulling back during the afternoon hours in London. An escalation of violence in Libya made investors jittery about oil prices and spurred some safe-haven buying of the yellow metal. Gold closed Monday trading at $1,431.10oz. while oil rose above $105 a barrel before settling at $103 per barrel at the end of the day in New York.

3/2/11 1:15 AM

Spot gold in New York hit a new record early this afternoon reaching $1,441.30oz., breaking the previous record of $1,435oz. set March 1. As of 1 p.m. in New York, gold was trading 28.6 percent higher than one year ago at $1,438.40oz.  Silver remains at 30-year highs and added 17-cents to $34.86oz. while platinum was trading $16 higher on the day at $1,857oz.


12/7/10 11:23 AM


Spot gold in New York hit a new record in mid-morning trading before some profit taking dropped the price $20 per ounce. Gold touched $1,432.50oz. which was up 28 percent from one year ago today. Silver was up 1-cent to $30.09oz. and platinum fell $6 to $1,715oz. as of 11: 20 a.m. in New York. The dollar was steady against major currencies. $1 = GBP 0.63; $1 = EUR 0.75; $1 = INR 44.7; $1 = CAD 1.01.


12/6/2010 4:15 PM

Spot gold reached a new high this afternoon in New York trading at $1,428.70oz.  The price of gold rose primarily due to heavy buying, while the dollar gained against major currencies. As of 4:15 p.m. in New York, gold was up 17 percent from one year ago. Silver gained 72-cents today at $30.10oz. and platinum was down $5 to $1,720oz.



11/9/2010 11:15 AM

Spot gold hit a fresh high during late morning trading at $1,425.50oz. Buying remained strong and the dollar weakened slightly, pushing the metal to a record for a second consecutive day. Gold is up 5.5 percent from 30 days ago and has risen nearly 30 percent from one year ago. Silver continued to push higher in its "post-Hunt scheme" run at $28.82oz., up $1.06 in morning trading and the highest level in 30 years. Platinum gained $17 to $1,789oz. At 11 a.m. in New York, the dollar bought: EUR 0.72, INR 44.2, CNY 6.64, HKD 7.75, CAD 1,  ZAR 6.81.


11/8/2010 3:26 PM
Gold spiked above $1,400oz. in New York as the afternoon hours got underway. By mid-afternoon spot gold reached $1,411.60oz., which was a new record. Gold was up 1.1 percent on the day so far and up 28.5 percent from one year ago.  The dollar held steady against major currencies so primarily, gold's price hike was due to buying activity. Silver was up 92-cents to $27.69oz. and platinum was up $1 to $1,768oz. as of 3:25 p.m. in New York.



11/5/2010 11:30 AM
Spot gold touched a new high at $1,399.20oz. in New York during late morning trading. The dollar weakened against the rupee ($1 = INR 43.8) but held steady against the euro ($1 = EUR 0.71).  Silver was up 40-cents to $26.77oz. and platinum was lower by $19 to $1,762oz. at 11:30 a.m.


11/4/2010 4:30 PM
It has been about two weeks since gold last broke a record high, but strong buying and a weaker dollar today sent the metal to a new record in New York. Spot gold touched $1,394.60oz. in late afternoon trading. Gold was only up 4 percent on the day though. Gold is 27.5 percent higher than one year ago. The dollar has been struggling with major diamond trading center currencies too. $1 = EUR 0.70, $1 = INR 44; $1 = GBP 0.61; $1 = HKD 7.75.



10/14/2010 6 AM
Spot gold zoomed past yesterday's record in early morning trading today to set a fresh all-time high at $1,388.30 per ounce. The surge in price was short lived however as the metal immediately backed-off to  $1,378 shortly after 6 a.m. in New York. The greenback remained under pressure and, as a case in point, hit its lowest level since 1983 against Australia's currency yesterday.  $1 = AUD 1, $1 = GBP 0.62, $1 = EUR 0.71, $1 = INR 44.1, $1 = ZAR 6.77.



10/13/2010 11:00 AM
New York spot gold hit a new record in morning trade at $1,375.30 per ounce in heavy buying activity. The dollar continued to come under pressure too against world diamond center currencies. $1 = EUR 0.71, $1 = INR 44.3, $1 = CAD 1, $1 = ZAR 6.81.



10/7/2010 6:20 AM
Spot gold hit another record early today at $1,365.70 an ounce. Fundamentals look good to sustain prices too. Citigroup says that gold could rise to about $1,450 by the end of 2010. Silver remains strong, up this morning 18-cents to $23.37 an ounce. Platinum added $9 to $1,720 an ounce. The dollar was stable against the euro and rupee: $1 = EUR 0.72, $1 = INR 44.3.


10/6/2010 3:20 AM

Good morning everyone! Gold continues to hit new highs. Today gold reached a new record at $1,352.10 per ounce as markets opened in London. As of 3 a.m. in New York, gold is up nearly 8 percent from 30 days ago and up 29 percent from one year ago. Silver is unchanged in early trading at $22.91 per ounce, but this is still the highest level since --I'll call it-- the post-Hunt scheme level set in 1980. Platinum is up $8 to $1,699 per ounce. The greenback is slightly lower against diamond trading center currencies. $1 = EUR 0.72, $1 = INR 44.3, $1 = ZAR 6.88, $1 = CAD 1.01.


10/5/2010 1:20 PM
Spot gold has risen to new highs numerous times today in New York. As of 1:15 p.m. gold was at $1,342.30 per ounce, which was up nearly 8 percent from 30 days ago and up 34 percent from one year ago. Silver was up 88-cents to $22.75 per ounce and platinum rose $32 to $1,695 per ounce. The dollar remained under pressure and bought the following trading center currencies: INR 44.4, EUR 0.72, CAD 1.02, ZAR 6.90.



10/4/2010 6:00 AM
Spot gold hit a new high in early morning trading before the price headed south as investors locked in profits.  Gold reached $1,320.80 per ounce before markets closed in Hong Kong, but lost ground shortly after and fell to $1,312.40 per ounce as of 6 a.m. in New York. Silver was down 12-cents to $21.97 and platinum was off by $12 to $1,663. The greenback bought INR 44.63, EUR 0.73, CAD 1.03, ZAR 6.96.



9/29/2010 5:00 AM
Spot gold hit a new record in early morning trading. London spot gold hit $1,314.90 per ounce as economic uncertainty and a weak dollar continued to rattle investors. Yesterday, Deutsche Bank issued a report saying that gold was not in a bubble and could easily sustain prices of $1,450 per ounce. As of 5 a.m. in New York, here is a look at the dollar rate against diamond center currencies:  EUR 0.73, INR 44.9, ZAR 6.96, CAD 1.03, RUB 30.4, HKD 7.58, GPB 0.63.



9/28/2010 2:44 PM
New York spot gold set a new record shortly after the noon hour as the dollar weakened and consumer confidence in the U.S. failed to impress investors. Spot gold reached $1,311.20 per ounce, up 1 percent from morning trading and nearly 32 percent higher than one year ago today. Silver meanwhile inched up 27-cents to $21.73 per ounce and platinum jumped $4 to $1,631 an ounce.  $1 = EUR 0.74, $1 = CAD 1.04, $1 = INR 45, $1 = ZAR 6.98. 



9/27/2010 8:30 AM
Spot gold began the week with a new record at $1,301.10 per ounce in early morning trading. As of 8:30 a.m. in New York, gold was up nearly 5 percent for the month, and 31 percent higher than it was one year ago.  The dollar remains under pressure against major diamond center currencies: $1 = EUR 0.73, $1 = INR 45, $1 = CAD 1.02, $1 = GBP 0.63, $1 = ZAR 7.  In other metals, silver is up 13-cents to $21.59 per ounce, but platinum is down $3 to $1,636 per ounce.


9/22/2010 9:40 AM
Spot gold set a new record in early morning trading at $1,297.40 per ounce in London. As of 9:30 a.m. New York time, gold was up 5.7 percent for the month and up 27.7 percent from one year ago. The weakening dollar played a role in boosting gold prices early in trading. The dollar has fallen against major diamond trading center currencies: $1 = EUR 0.75, $1 = INR 45.56, $1 = CAD 1.02, $1 = GBP 0.64, $1 = ZAR 7. In other metals news, silver was up 13-cents to $21.08 per ounce and platinum added $15 to $1,634 per ounce.


9/21/2010 4:40 PM
Spot gold jumped past its previous record in late afternoon trading to $1,292 per ounce in New York. A weaker greenback seemed to drive gold prices higher in the past hour as the markets closed for the day. Gold briefly fell to $1,270.10 shortly after the noon hour before spiking to this record high.



9/20/2010  8:00 AM
Gold inched above its previous record in early morning trading today to set a new high at $1,284.70 per ounce in London. Gold has been trading close to the $1,200 mark all month, so despite a string of records in the past week it is up only 4.3 percent in the past 30 days. The metal has risen 27 percent from one year ago.  In other news this morning, silver added 14-cents at $20.91 per ounce and platinum is up $13 to $1,626 per ounce.  The dollar is stable against major diamond trading center currencies: $1 = INR 45.69, $1 = EUR 0.76, $1 = JPY 85.7, $1 = CAD 1.04, $1 = ZAR 7.13.


9/17/2010 7:00 AM
Gold hit a new record this morning for the third time this week in early trading. London spot gold reached $1,284 per ounce. The metal has inched up more than 4 percent this month and is trading  26.5 percent higher than it was one year ago today. In other news, silver was up 8-cents to $20.88 per ounce and platinum rose $20 to $1,672 per ounce at of 7:30 a.m. from New York. The dollar has had a tough week and remains under pressure this morning: $1 = INR 45.84, $1 = EUR 0.76, $1 = JPY 85.8, $1 = CAD 1.03, $1 = ZAR 7.13.


9/16/2010 9:30 AM
Gold hit a new record for the second time this week in early morning trading today. New York spot gold reached $1,278.90 per ounce. The metal has inched up nearly 4 percent this month and is trading 26 percent higher than it was one year ago today. In other news, silver was up 10-cents to $20.70 per ounce and platinum rose $2 to $1,608 per ounce.


9/14/2010 1:12 PM
Gold hit a new record high in early afternoon trading in New York.  Spot gold rose almost 3 percent to $1,275.70 per ounce. The price beat the previous record of $1,265 an ounce in June.

Gold is up 4.6 percent this month and has climbed 27 percent from one year ago today.
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