gold

Thursday in Shanghai, bullion prices appeared to be slightly stronger and are supposed to stay on the rise as global economic prospects remain unreliable, while investors watch for more labour data out of the US.

Spot gold thus added $2.5, or 0.2%, to $1,246 an ounce by 3:31 GMT, after having hit a two-month high of $1,254.65 on Wednesday, which is just $10 below the all-time high.

Wednesday in Shanghai, bullion prices slid as modest growth in US consumer confidence and improved home prices eased some worries of another downturn in the US.

Spot gold prices eased by 0.3% or $3.19, slipping to $1,245.80 an ounce by 2:56 GMT, easing from a two-month peak of $1,249.90 hit on Tuesday. Precious metal’s prices slid after touching a two-month high on Tuesday as investors continued to worry about the prospects of the global economy and sought refuge in the yellow metal.

Tuesday in Tokyo, bullion prices steadied as investors considered US economic data due this week for clues to the strength of the world's largest economy while looking at equities to gauge investor risk appetite.

Spot gold was trading at $1,235.25 an ounce as of 5:29 GMT, compared to $1,236.66 an ounce late in New York on Monday. On Monday, gold rose, starting its fifth straight week in positive territory.

Monday in Sydney, gold flat after it had started trading for the fifth week in a row in positive territory ahead of fresh US economic data that could signal a mixed outlook.

Spot gold was quoted slightly lower at $1,235.35 by 2:35 GMT versus Friday's nominal close of $1,235.70. But with the grab bag of forecasts, dealers said gold might have a tough time retesting the last session's high of $1,242.25 an ounce.

Friday in Shanghai, bullion remained steady as investors waited for a key speech from Federal Reserve chief Ben Bernanke later in the day and expected the US to revise downward its second-quarter economic growth figure.

Spot gold added about $1.06 to stand at $1,236 an ounce by 3:35 GMT, as a weekly rise of 0.7 percent carried it towards its fourth straight week of gains. It hit $1,244.00 on Thursday, its highest since June 30.

Thursday in London, bullion climbed for a third day on Thursday to hold around eight-week highs, driven by revival in investor concern over the outlook for global growth that has undermined global equities and boosted safe-haven assets.

Tuesday in Singapore, bullion edged down to its lowest level in nearly a week on as weaker stocks pushed speculators to sell the precious metal to cover losses, but an expected drop in US existing homes sales could spur a rebound.

Spot gold lost $2.90 an ounce slipping to $1,220.50 by 0239 GMT after hitting a low of $1,219.30, its weakest since August 18. It jumped to a 1-month high at $1,237.15 last week after a trail of poor US data knocked confidence in the economic recovery.

On Monday gold strengthened again as bargain hunters renewed after prices dropped slightly in the previous session, while demand from investors was likely to offset gains in the U.S. dollar.

Gold XAU= added $1.65 to $1,228.60 an ounce by 0321 GMT, having hit an intraday high of $1,229.65. Bullion had rallied to $1,237.15 last Thursday, its strongest since early July, after new U.S. jobless claims hit a nine-month high.

U.S. gold futures for December delivery GCZ0 rose $1.3 to $1,230.1 an ounce after settling $6.60 lower on Friday.

Gold strengthened to just short of its highest since early July on Friday as U.S. jobs data sparked worries of a deepening slowdown in the United States, while ETF holdings rose for a third consecutive day.

Spot gold XAU= added $1.20 an ounce to $1,231.30 an ounce by 0104 GMT, having rallied to as high as $1,237.15 on Thursday after new U.S. jobless claims marked a nine-month high last week, and Mid-Atlantic manufacturing shrank in August for the first time in more than a year.

Gold dropped a little on Tuesday but remained near its strongest level in more than a month on concerns about global economic recovery.

Spot gold XAU= hit an intraday high of $1,225.10 an ounce before easing to $1,222.55 by 0306 GMT, barely changed from New York's notional close. Gold rose as high as $1,227.15 on Monday, its highest since early July.

Dealers in Hong Kong and Singapore saw a mixture of buying from investors and selling from jewellery makers, with bullion prices already rebounding more than 5 percent since falling to a 3-month low in late July.

Gold jumped to its strongest position in more than a month on Monday as markets’ pessimism over global recovery spurred safe-haven buying and pushed equities down.

Spot gold XAU= added $3.00 an ounce to $1,217.50 an ounce by 0049 GMT, having hit an intraday day high of $1,217.95 -- its highest since July 2.

U.S. gold futures for December delivery GCZ0 rose $3.2 to $1,219.8 an ounce, extending gains seen on Friday, when weak U.S. jobs data prompted investors to buy gold as an alternative investment.

Precious metals prices at 0049 GMT

According to the market reports spot gold remained flat on Friday after an increase due to an unexpected jump in U.S. jobless benefits claims.

Spot gold XAU= rose 90 cents to $1,212.20 an ounce by 0015 GMT, just off the high of $1,215.25 hit the previous day, its strongest since July 15.

U.S. gold futures GCZ0 edged down $2.20 to $1,214.50 an ounce, after rising by 1.5 percent on Thursday, its strongest one-day gain since June 7.

Precious metals prices at 0015 GMT

On Thursday gold regained on bargain hunting after dropping the previous day while investors could sell bullion to cover losses because of falling stock markets.

Weaker equities and worries about the health of the global economy sparked selling in platinum to its lowest since July 22 , with sister metal palladium tumbling around 4 percent in thin trade.

Gold climbed up on Wednesday on bargain hunting led by a drop in stock markets and on the heels of the report by the Federal Reserve which said it would keep interest rates low, but a lack of physical buying could cap gains.

Spot gold XAU= added $1.30 an ounce to $1,203.15 an ounce by 0322 GMT, still below a 3-week high of $1,212.61 hit last week and the 50-day moving average at $1,209.60.

On Tuesday gold climbed up on bargain hunting while some investors preferred to stay on the sidelines ahead of a Federal Reserve meeting.

Spot gold XAU= added 85 cents to $1,200.85 an ounce by 0033 GMT after falling slightly on Monday as a firmer dollar prompted investors to lock in profits ahead of a closely watched statement by the Fed.

U.S. gold futures for December delivery GCZ0 were steady at $1,203.1 an ounce.