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Around the markets: regional bourses slightly higher

Nothing in either the commodity or equity markets to excite us I’m afraid. The Nikkei is +0.4%, HK and the Kospi are +0.1%, and gold is $1 up on the session at $1109/oz. The FX markets are similarly dead, the mild sell-off in sterling having run-out of steam and all the majors are back at their NY closing levels.

By Sean Lee  || March 12, 2010 at 03:12 GMT
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Regional stockmarkets open flat

Nikkei -0.1%, Kospi +0.1%. Gold steady at $1123/oz. Doesn’t look like the FX market is going to get any inspiration from other markets.

By Sean Lee  || March 10, 2010 at 00:14 GMT
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Gold steady despite Chinese concerns

The comments earlier today from the Chinese SAFE head, Yi Gang, seemed to me to be a little bearish for gold. He said that they were continuing to buy but were wary of ‘constraints’ and being seen to be too active as the price could run away. These comments have had little effect on the spot market, down 0.2% at $1122/oz.

By Sean Lee  || March 9, 2010 at 04:32 GMT
Category: All, Asia, Commodities || Tags: || 4 comments || Add comment
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China says commodity prices outpacing global recovery

AUD/USD and AUD/JPY have fallen back towards their session lows at .9020 and 79.75 respectively. Dealers say that interest remains very patchy.

By Sean Lee  || March 4, 2010 at 04:08 GMT
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Around the markets: bourses flat, gold still strong

The Nikkei is -0.2% and the Kospi is +0.2% as regional bourses lack direction. Gold is hanging on to its overnight gains, currently at $1136/oz.

By Sean Lee  || March 3, 2010 at 01:15 GMT
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Copper prices sharply higher after Chilean earthquake

Copper prices in particular have jumped sharply, up over 6%, in the aftermath of the Chilean earthquake. Commodity currencies like the AUD will be supported by these higher commodity prices.

By Sean Lee  || March 1, 2010 at 04:24 GMT
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Gold above $1130/oz

News that the IMF were selling out of their last reserves might normally be expected to drive the price lower. Not in this market though, with central banks like India and China buying on dips and the latter at least with very large reserves of cash to spend. The spot price is now back above $1130/oz for the first time in a month.

By Sean Lee  || February 22, 2010 at 01:17 GMT
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Around the markets

Asian bourses are generally flat with the Nikkei and HK up by around 0.2% and Sydney and Seoul down by the same amount. Gold is back close to its NY closing level at $1105/oz.

By Sean Lee  || February 18, 2010 at 04:29 GMT
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Call it a bubble, then stick a bid in the market

Nice to see old Georgie boy hasn’t lost the knack. It seems that last year while he was publicly calling the gold market a bubble, Mr Soros was less publicly trying to buy more. This report from the UK Telegraph. (Now the IMF are selling out of the remainder of their holdings, another sure indication that the price of gold is certain to rocket higher!)

By Sean Lee  || February 18, 2010 at 00:22 GMT
Category: All, Asia, Commodities || Tags: || 1 comment || Add comment
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Around the markets: bourses generally higher by 0.5%-1%

The Nikkei is +0.4%, Kospi +0.5% and Sydney is +1%. Gold has added another $5 to sit at $1106/oz. (The $1050 level has now gained added importance and the bulls are now calling for a fresh leg higher).

By Sean Lee  || February 16, 2010 at 01:59 GMT
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