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Gold breaks $1200 as Dollar Reaches 13-month High and Turkish Crisis Hits Emerging Markets

GOLD PRICES broke through $1200 per troy ounce, an 18-month low at Monday lunch time amid Turkish crisis pushing the dollar to a 13-month high and ripping through emerging markets currencies as Recep Tayyip Erdogan, Turkey’s president hit out at the US, writes Atsuko Whitehose at BullionVault. Dollar index (DXY), measuring the value of the Dollar against […]

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Gold Price Steadies as Russia Fires Back Fresh US Sanctions, US-China Trade War Intensifies &’No-Deal’ Brexit Fears

GOLD PRICES moved sideways in a tight range around $1214 per ounce amid Russia’s strong reaction to the US issuing new sanctions against it with China hitting back against the latest US tariffs and the British pound continuing to plunge on concerns of a hard Brexit, writes Atsuko Whitehouse at BullionVault. Dmitry Polyanskiy, first deputy […]

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Gold Price Drop Spurs ETF Selling, Physical Investor Buying as Trump Warns Over Trading with Iran

GOLD PRICES held in a tight $5 range around $1213 per ounce Tuesday morning in London, moving sideways against a weaker US Dollar as commodities edged higher and Donald Trump issued a warning to other countries over doing trade with Iran – now back under US sanctions over its nuclear research program.   With gold […]

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Dollar Up, Gold Prices Down for Longest Run in 24 Years as Comex Bear Betting Hits New Record

GOLD PRICES lost early gains on Monday in London as the US Dollar firmed following further escalations of the US-China trade conflict and re-imposed sanctions on Iran, writes Steffen Grosshauser at BullionVault.   Gold bullion slipped to $1207 per ounce in wholesale trade but held above July 2017’s low at $1204, the level reached again […]

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'Test of $1200 Coming' as Gold Prices Bounce After Weak US Jobs Data

GOLD PRICES bounced Friday after weaker-than-expected US jobs data, but still headed for the lowest weekly finish of 2018 or worse versus most major currencies.   China’s stock market closed the week at its lowest since the end of 2016, down 25% from January’s peak as Beijing readied new tariffs on $60 billion of US […]

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Weak ETF + Gold Bars Investing Take World Demand to 2009 Crash Low

GOLD BARS slipped near fresh multi-month price lows in London trade Thursday as the Bank of England raised UK interest rates and new data showed the weakest 6-month demand worldwide since the global economic slump of 2009.   Falling against all most currencies bar the Euro and Australian Dollar, gold bullion dropped to $1214 per […]

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Gold Prices 'Set to Rise' Say Pundits as Best Month of Last 15 Years Begins

GOLD PRICES began August dead-flat from last week’s finish against a falling US Dollar on Wednesday in London, while world stock markets slipped before the latest interest-rate decision and statement from the Federal Reserve.   China’s main indices led the drop in global equity prices, losing 2% for the day as Beijing said it won’t […]

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Gold Prices Hit 30-Month Euro Low as Bank of Japan 'Defies' Everyone, Stays 'Ultra Easy' Before the Fed

GOLD PRICES fell below $1220 for the fourth time in a fortnight in London trade Tuesday, hitting new 30-month lows for Euro investors at €1038 as the Bank of Japan sparked volatility on the currency markets by tweaking its “continuous…powerful” QE money creation and asset-purchase program.   Vowing to suppress short- and long-term interest rates […]

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Record Bearish Bets Hit Gold Prices Ahead of Japan, Fed + UK Interest Rate Votes

GOLD PRICES dropped back on Monday morning in London ahead of several key central bank meetings this week, writes Steffen Grosshauser at BullionVault.   Rumors in Tokyo say the Bank of Japan may ‘tweak’ its QE asset purchase scheme Tuesday.   Supported by last week’s strong US GDP data, the Federal Reserve is then expected […]

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Gold Prices Down 7 Weeks in 9 as US GDP Jumps, EU Rejects UK Brexit Plan, China 'Needs to Open Up'

GOLD PRICES popped $5 but held on track for the 7th weekly drop in 9 against the Dollar on Friday after new US data matched analyst and President Trump’s forecasts with the fastest GDP growth since 2014.   Falling within $6 of last week’s 1-year low at $1211.89 this morning in London, gold prices then […]

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