COMEX

Wednesday COMEX silver declined for a third consecutive session and gold depreciated as precious metals were pressed to even after a strong rally in the last few weeks.

However, the overall trend in gold and silver remain bullish, as concerns on rising global inflation, unrest in the Middle East and North Africa, and low U.S. interest rates drive investors to park their value in precious metals.

Gold hit record highs in 11 out of past 14 sessions and spot silver has surged more than 20 percent since mid-April to a 31-year high just below $50 on April 28.

Thursday in Singapore, bullion prices edged lower, but flat within sight of a record high as it headed for an eighth straight quarterly gain, with prospects for a weaker dollar in focus on possible further US monetary easing.

Spot gold lost 60 cents slipping to $1,308.15 an ounce by 4:57 GMT after hitting a lifetime high around $1,313 on Wednesday, that appeared to be its 10th record high in the past 12 trading days.

The precious metal has gained as much as 19.8 percent this year, heading for its 10th consecutive annual gain.

Wednesday in Singapore, gold edged higher and held near a record high hit in the previous session, with the US dollar remaining under pressure from expectations the Fed would take new measures to shore up the economy.

Spot gold added $1.60 an ounce to $1,309.00 an ounce by 3:24 GMT after rising as high as $1,310.10 an ounce on Tuesday, setting its eighth record-high session this month.

Tuesday in Singapore, the precious metal lost some ground after hitting a lifetime high at $1,300 an ounce in the previous session as a rebound in the US dollar prompted speculators to lock-in gains.

Spot gold lost $3.65 an ounce to $1,292.40 an ounce by 4:43 GMT, having struck a record on concerns over the global economic recovery and a weaker dollar. Gold has gained as much as 18.5% this year.

Monday in Singapore, bullion gained across the board within sight of a fresh record high as worries about the global economy linger, while silver rose to a 30-year high on rising investment demand. However, a slight decline in ETF holdings suggested some investors might want to book profits.

Spot gold added 80 cents to $1,296.40 an ounce by 0303 GMT after hitting a record at $1,299.95 on Friday on a weaker dollar and economic uncertainty after the Federal Reserve raised expectations of new measures to stimulate growth.

Friday in Singapore, bullion prices remained steady as disappointing data from the US and Europe resumed worries over the economic recovery, keeping market sentiment supported.

Spot gold was little changed at $1,293.7 an ounce by 6:27 GMT, below the record high of $1,296.1 hit on Wednesday. Gold is headed for a weekly gain of 1.5%, marking the second consecutive week of gains.

Gold has added 18% so far this year.

Thursday in Singapore, bullion flat after touching record highs for the fifth consecutive session. At the same time, silver hit a 2-½ year peak. Both metals safe-haven appeal were boosted by economic uncertainties.

Spot gold was trading at $1,292.80 an ounce by 3:22 GMT, below the fresh all-time high of $1,296.1.

At the same time, silver reached a 2-½ year high of $21.21 earlier in the day, before easing slightly to $21.18.

Wednesday in Singapore, the precious metal soared to a new record high as sentiment remained strong with the US Federal Reserve moving closer to providing more support to the national economy.

Spot gold hit a new record of $1,290.85 an ounce today, before easing to $1,287.95 an ounce by 0457 GMT as bullish sentiment remains strong after the US Federal Reserve inched closer to providing more stimulus for the economy.

Tuesday in Singapore, precious metal remained steady after surging to a record for the third consecutive session, as investors await the outcome of a meeting of the Fed later in the day.

Spot gold was little changed at $1,278.65 an ounce by 3:16 GMT, easing from the all-time high of $1,283.70 hit on Monday. US gold futures for December delivery stood at $1,280.2.

Still, the longer-term prospects for gold remains bullish, given the uncertainties in the economic recovery, analysts and dealers said.

Monday in Singapore bullion flat below an all-time high hit the previous business day as weak US data fueled further uncertainty about the economic recovery, boosting metal's appeal as a safe-haven asset.

Spot gold reached an all-time high of $1,282.75 an ounce on Friday on poor US data and market talk of more quantitative easing. Monday, the precious metal was trading at $1,276.25 by 00:29 GMT, little changed from the previous close.

Friday in Singapore, bullion steadied around its record high, as investors remained concerned over the economic recovery and cautious about the cautious about the volatility in the currency market.

Spot gold was modestly changed at $1,273.10 an ounce by 00:25 GMT, after having hit a new all-time high of $1,277.7 an ounce.

Gold is currently on course for a 2.4% rise from a week earlier, the biggest weekly rise in nearly 3 months.

Thursday in Singapore, bullion flat after having touched an all-time high earlier in the week, and economic recovery concerns stemming from weak US economic data are likely to lend support to the metal.

Spot gold was little changed at $1,266.6 an ounce by 00:41 GMT. It hit a record high of $1,274.75 on September, 14.

Billionaire financier George Soros renewed a warning that gold is the "ultimate bubble", even though gold prices might continue to rise after hitting record highs this week.

Wednesday in Singapore, bullion remained steady after spiking to a record in the previous session, and more upside is likely as investors remain nervous about the global economic recovery.

Spot gold slid by 0.1% to $1,268.7 an ounce by 3:04 GMT, after having surged more than 2% to a record $1,274.75 an ounce in the previous session, its biggest one-day gain in four months.

Technical analysis showed spot gold may form a peak around$1,300 per ounce or rally more explosively over the next four weeks, as per its wave pattern.

Tuesday in Singapore, bullion soars as the US currency slipped against other currencies and physical demand spiked.
Spot gold added $3.75 an ounce to $1,249.00 an ounce by 5:27 GMT after lacklustre trade on Monday. Gold struck a record around $1,294 an ounce in June.

Dealers in Singapore said high prices attracted selling but there were also bargain hunters, keeping premiums steady at between 50 and 80 cents to the spot London prices.

Monday in Singapore, the bullion prices moved down after having fallen to a one-week low in the previous session, as economic data from China helped dissipate fears of a worsening global economy and ease safe-haven demand.

Spot gold fell by $1.95 to $1,243.05 an ounce by 00:18 GMT, after hitting a one-week low of $1,236.55 on Friday.

Industrial production in China ramped up and money growth exceeded expectations in August, reflecting robust economic growth despite government efforts to clamp down on bank lending and property speculation