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Gold Prices Slips vs Rising Dollar as US Retail Sales Grow, China Slowdown 'Concerning'

GOLD PRICES slipped to 7-session lows against a rising Dollar in London on Friday, dipping below $1235 per ounce as the US reported better-than-expected retail sales growth but China’s economic data missed analyst forecasts.   While the US said retail sales outside automobiles, gas and food rose strongly in November, China – the world’s second-largest […]

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Gold Price Slips as US-China Dispute Turns to 'Hostage Taking', ECB Maintains QE Holdings 'In Full', May Gets Back to Brexit

GOLD PRICES held a 0.5% drop for the week so far in both Dollar and Euro terms on Thursday even as the US-China trade dispute turned to “hostage taking” in the words of one specialist.   The UK gold price in Pounds per ounce also retreated, dropping back to last week’s finish at £980 after […]

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Gold Price 'Could Hit $1400' in 2019 as GLD Expands, UK Hits Leadership Crisis 15 Weeks Before Brexit

GOLD PRICES edged higher for Dollar investors on Wednesday morning but slipped against the Euro and British Pound as the UK’s ruling Conservative Party called a vote of no confidence in Prime Minister Theresa May and her handling on the Brexit process – set to see Britain leave the European Union 15 weeks from now. […]

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Gold Price Slips $5 But 2019 Rate Outlook 'Supports', Hedge Funds Slash Bearish Betting on Comex

GOLD PRICES gave back a $5 rise in US Dollar terms after recovering last week’s closing level in London on Tuesday, trading down at $1244 per ounce as world stock markets rallied, government bond prices edged back, and the British Pound steadied on the FX market after Monday’s latest Brexit-crisis slump.   Stabilizing above $1.26 […]

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UK Gold Price Hits 6-Month High as May 'Cancels' Brexit Vote, Gilets Jaunes Hit France GDP

GOLD PRICES slipped against all major currencies except the British Pound on Monday morning, retreating from last week’s multi-month highs as world stock markets fell and bond yields rose, writes Atsuko Whitehouse at BullionVault.   The UK gold price in Pounds per ounce set fresh 6-month highs however, rising to £986 per ounce, as Sterling […]

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Gold Price Sees Best Week Since March as US Jobs Miss Forecast

GOLD PRICES headed for their best week in Dollar terms since March in London on Friday, nearing a 2.1% gain after US jobs data for November badly missed Wall Street forecasts.   With analysts expecting growth of 200,000 in non-farm payrolls, the Bureau of Labor Statistics reported a 155,000 net addition and also cut October’s figure […]

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Gold Prices Firm, Gold ETFs 'Resilient' as Stock Markets Fall Amid New US-China Tensions

GOLD PRICES held firm in all major currencies Thursday morning in London, supporting gold ETF trust-fund share prices as world stock markets sank on fresh worries over the inverted US yield curve and worsening US-China tensions.   European equities extended a sharp drop in Asian stocks – taking Germany’s Dax index 15% lower for 2019 […]

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Gold Prices 'Buoyed by Trade War', Yield Curve and Break with Yuan

GOLD PRICES held just below yesterday’s 5-week high in London Wednesday morning, trading near $1240 per ounce as Asian and European stock markets extended Wall Street’s steep drop amid forecasts of a US economic recession after the yield curve on Washington’s debt briefly inverted.   China’s politburo in Beijing meantime expressed “confidence” over reaching a […]

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Gold Prices Jump to $1240, Palladium Near Parity as 'Risk Rally' Fades Amid Brexit Legal Rows, 'Yellow Vest' Victory

GOLD PRICES rose to $1240 per ounce in London trade Tuesday, challenging 4-month highs even as the US Dollar rose amid a retreat in ‘risk’ assets led by equities.   Silver rose to 4-week highs above $14.60 and palladium jumped to $1232 per ounce – a new record high in Dollar terms and nearing parity […]

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Silver Doubles Gold Price Jump After US-China Agree 90-Day Trade-War 'Ceasefire' at G20

GOLD PRICES jumped on Monday as the US Dollar retreated on news of a “ceasefire” in the US-China trade war, agreed at this weekend’s G20 summit of world leaders in Argentina, writes Atsuko Whitehouse at BullionVault.   World stock markets also jumped, as did commodities, with crude oil adding over 5%.   After last month’s […]

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