Current Bullion Pricing
All prices are in NZ$ and are indicative only, please
call to secure pricing.
| We Sell | We Buy | |
|---|---|---|
| Gold Kiwi | $1,870 | $1,695 |
| Silver Fern | $34 | $26 |
Last updated 8:40 on 7 Sep, 2010
International: +64 9 377-6837
New Zealand: 0800 696 468
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Recent Bullion News
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NicolaH | September 7th, 2010, 9:06am
Gold held around the $1,250 mark on Friday trade, rising despite better-than-forecast US non-farm payrolls data had earlier placed safe-haven considerations firmly onto the backburner.
But silver outperformed the yellow metal, posting multi-year peaks just below the key $20 level on strong technical picture and weaker dollar.
Spot gold closed the weekend at $1,249.40 per ounce, helped by some light dip-buying, and has reopened the week at USD$1246.
On the charts, resistance is seen at recent highs and then the $1,265/1,267 area, with support back at $1,232 and $1,218.
Click here for more…0 comments »Filed under: Economy, Gold, Silver. -
MichaelO | September 2nd, 2010, 9:08am
After a resurgence on the back of the US Feds talk of more quantitative easing measures, Gold dropped down during the first day’s trading of September, but many market players expect a strong month for the yellow metal.
"September has proved to be a bullish month for gold, with price rising during the month 21 years out of 30," Barclays Capital said in a note. "During the period that covers the great bull trend of recent years, those figures improve to nine out of 11 years."
Click here for more…0 comments »Filed under: bullish, Gold price, Investment. -
MichaelO | August 27th, 2010, 11:30am
Gold prices held lower in Thursday night trading, as buyers drifted off following good US employment data.
Spot gold (gold for immediate delivery) topped at $1,244.40 per ounce then dropped back to $1,237 per ounce with a further reduction down to $1234 this morning. Chart support stands at $1,234 and $1,225. If the trend reverses, we may see prices targeting all-time highs of $1,265.30.
Click here for more…0 comments »Filed under: employment, Gold price, US economy. -
MichaelO | August 25th, 2010, 11:41am
London, 24 August 2010 - Gold recovered a little in overnight trade on Tuesday as the dollar weakened against the euro after data from the US that added weight to fears that the country’s recovery could be stalling.
Spot gold rebounded $10.10 to a session high of $1,235.50 per ounce at one stage, just below a seven-week peak hit on Thursday - it was last seen at $1,230.00/1,230.80, still up $4.60.
Click here for more…0 comments »Filed under: biflation, Gold price, spot price. -
MichaelO | August 18th, 2010, 11:43am
Consolidation is the current pattern for spot gold, having climbed for the past few days, breaking through resistance earlier in the week.
Quantitative easing is being talked about more, with concerns that a faltering economic recovery may not achieve its intended results. A weakening USD$ supports the increase in the gold price.
Resistance is pegged at $1,235 and $1,244, while support stands at $1,218 and $1,209, its 10-day moving average.
Click here for more…0 comments »Filed under: consolidation, Gold price, quantitive easing.
