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Gold Bullion Down $10 on Week as GLD Shrinks 0.5%, SLV Expands 1%

GOLD BULLION rallied Friday as the US Dollar edged back from this week’s surge on the currency market.   Losing $10 from last Friday’s finish however, gold bullion still headed for its lowest weekly close since mid-December at $1268 per ounce.   Investor interest in the giant SPDR Gold Trust (NYSEArca:GLD) yesterday shrank by 0.5%, […]

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GLD Investors Uninterested, Asian Demand 'Muted' as Gold Price Hits 6-Month Dollar Lows

GOLD PRICES fell yet again as the Dollar rose on Thursday, touching the lowest level since mid-December at $1262 per ounce as new US data said the number of people claiming jobless benefits fell last week to fresh 4-decade lows.   European stock markets fell for the 4th time in 5 sessions and industrial commodity […]

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Traders Bet on 'Deeper Drop' in Gold Price as Blackrock Cuts GLD, Buys Dollar Rally

GOLD PRICES slipped within $1 of yesterday’s new 2018 lows in Dollar terms in London on Wednesday as the US currency traded near this week’s new multi-month highs on the forex market.   World stock markets rose but silver also held flat, down 1.5% for this week so far at $16.33 per ounce, as commodities […]

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Another New 2018 Gold Price Low as Asian Buying Stays Weak

GOLD PRICES fell to new 2018 lows against a rising Dollar on Tuesday in London, hitting $1274 per ounce as President Trump threatened to hit back at China’s retaliation over last week’s new US trade tariffs with extra charges on another $200bn of Chinese imports.   Accused of “blackmail” by Beijing, Trump says these extra […]

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Gold Prices Hold 6-Month Low as China-US Trade War Deepens, Silver Betting Jumps

GOLD PRICES held at 6-month lows against the US Dollar on Monday morning in London as ‘trade war’ tensions worsened between the world’s two largest economies, writes Steffen Grosshauser at BullionVault.   Beijing at the weekend responded to US President Donald Trump’s new 25% import tariffs on $34 billion of Chinese goods by imposing a […]

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Gold 'Doing Nothing' Amid Trump's 'Trade War' Tumult, Silver Cuts Weekly Jumpy to

GOLD and SILVER fell Friday lunchtime in London, dropping back to $1292 and $17.09 per ounce respectively as the White House confirmed new tariffs on an extra $50 billion of China’s annual exports to the United States.   US-China trade “has been very unfair, for a very long time,” said President Donald Trump, raising import […]

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Gold Gains, Silver Leaps as Fed Hikes, ECB Moves to End New QE

GOLD BROKE back above $1300 per ounce and silver jumped to 2-month highs versus the Dollar on Thursday morning even though the Federal Reserve yesterday raised US interest rates and forecast further hikes ahead.   Priced in the Euro gold then leapt again, hitting new highs for June at €1113 per ounce as the single […]

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Gold Bullion 'Dull' Ahead of Fed But Unchanged YTD Despite Rising Interest Rates

GOLD BULLION rallied from a new 1-week low in US Dollar terms on Wednesday in London, trading unchanged for the year-to-date at $1294 per ounce ahead of today’s key Federal Reserve decision on US interest rates.   Asian stock markets slipped while European equities rose, reversing yesterday’s pattern as major government bond prices edged higher, […]

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'Darkening Clouds' See Gold Prices Dip as US Inflation Hits 6-Year High, Real Yield Correlation Snapped Since Trump

GOLD PRICES fell to 1-week lows beneath $1295 per ounce lunchtime Tuesday in London as new inflation data said the US cost of living rose 2.8% per year in May, the fastest pace since early 2012.   Ahead of tomorrow’s Federal Reserve decision on interest rates, short-dated US debt prices fell hard, driving 2-year yields […]

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Gold Prices Slip, Silver at 7-Week High as Trump Follows G7 'Walkout' with Kim Summit

GOLD PRICES briefly rallied above $1300 per ounce on Monday morning in London before falling back ahead of tomorrow’s historic US-North Korea meeting and three key central bank policy meetings this week, writes Steffen Grosshauser at BullionVault.   Gold started the week edging $3 higher to $1301 after US President Donald Trump refused to back […]

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