news.goldseek.com / news.goldseek.com / Julian D.W. Phillips for the Gold & Silver Forecasters / 1 May 2015
Gold Today –New York closed at $1,182.80 down $21.20 on Thursday. Asia saw it hold there and London took down $3. The LBMA Gold price was set at $1,179.00 down $25.30. The euro equivalent stood at €1,047.07 down €29.06 while the dollar was weaker at $1.1260 down from $1.1192 against the euro. Ahead of New York’s opening, gold was trading higher in London at $1,180.40 and in the euro at €1,047.24.
Silver Today – The silver price closed at $16.12 down 41 cents on Thursday. Ahead of New York’s opening it was trading at $16.23.
Gold (very short-term) The gold price will consolidate, in New York today.
Silver (very short-term) The silver price will consolidate, in New York today.
The dollar index stabilized at 94.64 from 95.61 yesterday as did the dollar at $1.1265 from yesterday’s $1.1269. There were purchases of gold into the SPDR gold E.T.F. of 0.298 tonnes but none from or into the Gold Trust on Thursday. The holdings of the SPDR gold ETF are at 739.363 tonnes and at 165.58 tonnes in the Gold Trust.