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Gold Bullion Steadies from Fed Minutes Fall, Banks Tip Commodities vs. Inflation

GOLD BULLION rallied just $3 off a 1-week low versus the rebounding Dollar on Thursday as world stock markets fell after notes from the Federal Reserve showed the US central bank expects to keep raising its key interest rate in 2018.   China’s stock market opened sharply higher on the first trading day of the […]

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Gold Prices 'Hit by Deep Link' to Real Yields But 'Should Gain' on Inflation

GOLD PRICES struggled to recover from yesterday’s sharp drop against the rallying US Dollar in London on Wednesday, halving last week’s 2.2% gain as world stock markets fell, bond prices steadied and commodities edged higher.   Retreating 2.6% from last Friday’s 3-week high at $1361 per ounce, the gold price in Dollar terms has now cut […]

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Gold Prices Find 'Support', Silver 'Improving' as 40% of GLD Held by Institutional Investors

GOLD PRICES rallied from a brief dip below $1340 per ounce in London trade on Tuesday, rising against a firm US Dollar as New York traders returned from the long Presidents Day weekend.   With China’s markets still closed for the New Year of the Dog celebrations, Asian stock markets closed lower while European equities […]

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Comex Silver Speculators Turn Net Bearish, Gold Prices Steady as Russia, Turkey Warn US Over Syrian 'Fire'

GOLD and SILVER PRICES remained steady on Monday morning in London against a rebounding US Dollar, write Steffen Grosshauser and Adrian Ash at BullionVault.   With New York shut for Presidents Day – and ahead of meeting minutes due Wednesday from the US Federal Reserve’s latest policy meeting – global equity markets were mixed as […]

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Gold Prices Near 4-Year Weekly High as $4 Trillion of US Debt Faces Bond Market

GOLD PRICES neared their highest weekly finish against the Dollar in almost 4 years on Friday, trading 3.0% up for the week as the US currency extended its drop on the FX market.   Friday morning’s benchmarking auction in London set the highest AM gold price since late January’s 17-month high, finding a balance of […]

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Gold Bullion Touches 'Hurdle at $1356' as Dollar Falls, Tokyo Equities Join Correlation Break

GOLD BULLION hung onto four-fifths of its sharpest 1-day gain since August in London trade on Thursday, holding firm as world stock markets rose again despite longer-term US interest rates holding at multi-year highs after yesterday’s inflation data beat Wall Street forecasts.   The Dollar fell again, with the single currency Euro briefing touching $1.25, […]

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Start of Chinese New Year Holiday See Gold Bullion Whip on US Inflation Data, Turkey Threatens 'Ottoman Slap'

GOLD BULLION prices fell as the Dollar jumped on stronger-than-expected US inflation data Wednesday, only to recover the drop as fixed-income bond prices fell, pushing longer-term interest rates higher once more.   World stock markets also sank and then rallied on the news, with Germany’s Dax regaining a previous 1.0% loss by mid-afternoon in Frankfurt. […]

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Gold Price Gains vs Falling Dollar as Trump's 'Desolation' Budget Leaves GLD Investors Cold

GOLD PRICES rallied again versus the weakening Dollar in London trade on Tuesday, briefly touching $1330 per ounce as the US currency extended its losses after President Trump sent his 2019 fiscal plan to Congress for approval.    “After so stupidly spending $7 trillion in the Middle East, it is now time to start investing […]

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Spot Gold Up after 'Margin Calls' as Investors Await Trump's Spending Plan and Inflation Data

SPOT GOLD bounced back on Monday morning in London as the US Dollar declined after last week’s rally while investors wait for US President Trump’s spending plan and inflation data, writes Steffen Grosshauser at BullionVault. Gold Prices started the week by rallying from $1316 to $1319 per ounce after their second consecutive weekly decline, while […]

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Dollar and Yen Up, Gold Price 'Targets $1300' as Stockmarket 'Carnage' Worsens

GOLD PRICES steadied against the rising Dollar on Friday but headed for the 3rd weekly loss of 2018’s six weeks so far at $1315 per ounce amid what traders called “carnage in the stock market.”   Gold prices in all other major currencies bar the Japanese Yen held firm for the week, rising in Sterling […]

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