Latest News

Gold Bullion 'On Back Foot' vs Rising US Dollar But GLD Holdings Near Brexit High

GOLD BULLION fell to 5-week lows against a rising US Dollar in London trade Wednesday, dropping as world stock markets caught up with yesterday’s fall in New York’s stock market.   Ahead of tomorrow’s policy decision from the European Central Bank, the Euro price of gold was unchanged around €1084 per ounce, little moved from […]

Read More

Gold Mining Output -20% in Q1 at No.1 Barrick But Rising Costs Lag Price

GOLD MINING shares rose as the broader stock market rallied Tuesday while the rise in US bond yields paused with 10-year rates just shy of 3%.   Gold bullion prices bounced $5 per ounce from yesterday’s 2-week low, touching $1328 as London opened for business.   That left gold little changed around last Friday’s finish […]

Read More

Gold and Silver Fall, Ratio Turns Up as US Bond Yields Rise Near 4-Year High

The GOLD / SILVER RATIO rose from near 2-month lows in London trade on Monday as both metals fell against a rising Dollar after new US data beat analyst forecasts.   With manufacturing activity and sales of existing homes both stronger than Wall Street predicted, world stock markets held flat as falling bond prices saw […]

Read More

Silver Price Up 3.2% on Week as Trump Turns on Opec, Inflation 'All Over' US Data

GOLD slipped Friday in London but silver prices spiked to 11-week highs as US President Donald Trump berated the Opec oil cartel for “artificially” pushing energy prices up to 4-year highs by discussing new output cuts.   Asian stock markets fell but Europe held flat on the day, keeping the Stoxx Europe 600 Index unchanged […]

Read More

Silver Prices +4% for Week, Gold Ratio Falls as India's Akshaya Tritiya Finds Only 'Token' Buying

SILVER PRICES extended their sharp rally in London trade Thursday, reaching new 11-week highs for US investors at $17.30 per ounce while gold edged back from an overnight rise.   Tokyo and Shanghai’s stock markets closed the day higher, but other major equity markets held flat as base metals and crude oil pushed the CRB […]

Read More

Gold Hits 18-Month High vs 'Safe Haven' Franc But Silver Jumps Faster as Trump Slams TPP

GOLD rose in London trade on Wednesday, recovering an overnight dip to reach $1352 per ounce for US investors and rising fastest against the ‘safe haven’ Swiss Franc and Japanese Yen currencies but outpaced by a sharp jump in the price of silver.   Rising almost 2% in London trade, silver prices touched 11-week highs […]

Read More

Gold Prices Fall on US, UK and China Data as Trump Adds FX to 'Trade War'

GOLD PRICES fell below $1340 per ounce lunchtime Tuesday in London, retreating to unchanged from this time last week against most major currencies after much-stronger than expected US home-building stats.   March saw the number of new building permits rise 2.5% said the Census Bureau, with a revision to February’s data cutting the size of […]

Read More

Gold Price Tries $1350 for 13th Time in 5 Years as 'Actual War' Pushes Trade War Aside

GOLD PRICES spiked against a falling Dollar in late London trade on Monday, recovering an earlier 0.5% dip as Moscow denied US claims that Russian forces have “interfered” with the site of last week’s deadly chemical weapons attack in Syria, while new data said US consumers spent more than analysts expected in stores and malls […]

Read More

Gold Price Erases Trump's Syria-Threat Spike as Russia Aims to 'Punch Stomach' of US-UK Alliance

GOLD PRICES failed to hold an overnight rally in London on Friday, dropping back to show no change for the week in Dollar and Euro terms as Moscow hit back at US sanctions and  accused a “Russophobic campaign” of staging last weekend’s chemical attack on civilians in Syria.   Trading back at $1337 per ounce, […]

Read More

Gold Gains Most vs. 'Safe Haven' Currencies, GLD Sees No Inflow as 'Hawkish' Fed 'Hammers' Price

GOLD PRICES slipped on Thursday in London, retreating further from yesterday’s 2.5-month high against the Dollar after the US Federal Reserve forecast stronger interest-rate rises ahead and US President Donald Trump dialled down his threat to hit Russia’s ally Syria with airstrikes.   “Never said when an attack on Syria would take place. Could be […]

Read More