Latest News

Stock Market Slump Sees Gold Prices at 11-Week High as UK Plans for 'Unlikely' No-Deal Brexit

GOLD PRICES headed for their highest Friday close in 11 weeks in US Dollar terms in London today, holding onto most of yesterday’s 2.8% jump to trade above $1223 per ounce as world stock markets bounced from their sharpest drop since February.   Noting this week’s “sea of red spattered across equity investors’ screens”, bullion […]

Read More

Gold Price Up as Trump's 'Stock Correction' Worsens, GLD Snaps Longest-Ever Run of No Growth

GOLD PRICES touched a 3-week high of $1210 per ounce in London trade Thursday as global stock markets fell yet again and the US Dollar retreated once more on the currency market.   Commodities also fell, with crude oil dropping to new lows for this month at $81 per barrel of Brent but silver edging […]

Read More

Gold Prices Fall Even as Italy Pays Bond Investors More Than Greece, Brexit 'No Deal' Now Evens

GOLD PRICES failed to hold a rally above $1190 per ounce for the second day running in London trade Wednesday, dropping back as the US Dollar rose and world stock markets fell again amid fresh worries over Italy’s government deficit and the UK’s impending Brexit from the European Union.   The Chinese Yuan held its […]

Read More

Falling Gold Price 'Needs More Volatile Stocks' Plus 'Dollar Crash'

GOLD PRICES failed to hold a $5 bounce in London trade Tuesday morning, dropping back to $1186 per ounce as world stock markets fell with government bond prices, driving longer-term interest rates higher as the Dollar also rose on the currency market.   “It [is] a moment to cool down the temperature,” said a European […]

Read More

Gold Bullion Declined Amid China Cuts Banks’ Reserve Requirement & Italy’s Debt Crisis Flares Up

GOLD PRICES fell Monday morning as the dollar held firm after China’s central bank eased its domestic policy to support the economy amid concerns that an escalating trade dispute with the United States could hurt growth. China’s central bank on Sunday announced a steep cut in the level of cash that banks must hold as […]

Read More

Gold Price Clings to $1200 as ETFs Shrink, Bond Yields Rise, US Jobless Rate Hits Half-Century Low

GOLD PRICES clung to the $1200 level yet again on Friday, heading for a $10 weekly gain as world stock markets fell and long-term US interest rates rose to new 7-year highs.   Ten-year US Treasury bond yields held at 3.20% after data from the Bureau of Labor Statistics said US employers added just 134,000 […]

Read More

Gold Trading Back at $1200 as UK Accuses Russia, US Accuses China of Election Meddling

GOLD TRADING in London saw prices tick higher against all major currencies on Thursday, recovering the $1200 mark for US investors as world stock markets slipped amid fresh geopolitical tensions between the US and China, and Russia and Europe.   “China wants a different American president,” US vice-president Mike Pence will say in a speech […]

Read More

Gold Price Holds 'Short Covering' Spike in Euros, 'Catching Up with Oil' as Italy-Bund Spread Worsens

GOLD PRICES slipped back from yesterday’s 1.6% short-covering jump on Wednesday, dropping as the Dollar rallied following stronger-than-expected US jobs data. Spot gold retreated $7.50 per ounce to near $1200 yet again after the private-sector ADP estimate said US payrolls expanded by 230,000 in September, almost 25% ahead of Wall Street’s consensus. The gold price […]

Read More

Euro Gold Price Jumps 3% as 'Anti-EU Fury' Hits Italy Over Budget Deficit

GOLD PRICES rose against all major currencies but leapt versus the Euro on Tuesday as the coalition government in Italy refused to cut its 2019 budget deficit plans in defiance of senior European Union figures.   Gold priced in US Dollars rose to 1-week highs above $1202 per ounce, and the UK gold price in […]

Read More

Gold Prices Slip as US-Canada Agree New Trade Deal, Italy's Bonds Fall, China Shut for Week-Long Holiday

GOLD PRICES slipped Monday morning, writes Atsuko Whitehouse at BullionVault, dropping to $1185 per ounce as China’s gold market shut for the week-long National Day holidays and the United States reached a “last minute” trade deal with Canada overnight.   Tokyo’s Nikkei 225 Stock Average rose to its highest close since 1991, but other Asian […]

Read More