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Gold Price Pops to 1-Week High as US-China Tensions Worsen, Venezuela's Maduro Thanks Moscow for Support

GOLD PRICES popped to 1-week highs in London trade Friday, rising to show a small gain for 2019 to date at $1285 per ounce as geopolitical tensions worsened over Venezuela and the United States’ relationship with China.   Silver prices also halved last week’s drop to trade just below $15.50 per ounce, while platinum popped […]

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Gold Bullion 'Capped by Safe Haven Dollar' as Global Growth Slows, EU Challenges London Market

GOLD BULLION failed for the 3rd session running to hold a rally above $1285 per ounce in London on Thursday, edging $6 down despite new data showing manufacturing growth slowing worldwide in New Year 2019.   Japan has “stalled” after its best run in a decade, says the Financial Times of today’s Nikkei PMI survey, […]

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Price of 'Stable, Cheap' Gold Slips as UK MPs Seek to Block 'No Deal Brexit', 'Yellow Vests' Spread to Spain

GOLD PRICES fell back below last week’s closing level of $1280 per ounce in London on Wednesday, trading unchanged for 2019 so far as rumors said the UK’s opposition Labour Party is moving to block a “no deal” Brexit when the country’s quits the European Union on 29 March.   Gold priced in Sterling fell […]

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Gold Bullion 'Drifting' as Venezuela 'Doubles' Bank of England Holding, Army 'Must Choose Tyranny or Democracy'

GOLD BULLION popped to a 2-session high near $1285 per ounce in early London trade Tuesday before easing back as world stock markets fell and ‘safe haven’ government bond prices rose.   The British gold bullion price in Pounds per ounce held near the lowest since Christmas at £993 as a variety of UK lawmakers […]

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China GDP Slowdown Sees Gold Price Erase 2019 Gains After Heavy GLD Investing

GOLD PRICES edged down on Monday, erasing 2019’s Dollar gains-to-date after the metal’s No.1 consumer nation China posted its slowest economic growth in nearly three decades, writes Atsuko Whitehouse at BullionVault.   Spot gold declined for US investors to $1278 per ounce – down $20 from New Year’s spike to 7-month highs – after Beijing […]

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Gold Prices Drop Out of Tight Trading Range, Shanghai Premiums Firm Ahead of Chinese New Year

GOLD PRICES fell out of this week’s tight trading range in London on Friday, falling near the lowest Dollar rate of 2019 to date as world stock markets rose sharply.   The metal held a small weekly gain in terms of the Euro, Swiss France and Japanese Yen, but UK investors saw gold priced in […]

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Gold Price Volatility Low Like Eve of 2000s' Bull Market as France Readies for 'Hard Brexit', ECB Vows 'Stimulus'

GOLD PRICES held tight against the Dollar yet again on Thursday, trading unchanged for the week so far at $1292 per ounce as politics again dominated the headlines in Europe.   The US currency edged higher after new data showed a drop in claims for weekly jobless benefits in the world’s largest economy, but applications […]

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Gold Prices Unmoved by UK Brexit 'Soap Opera' as 'Window Closes' on Chance of Higher Euro Interest Rates

GOLD PRICES held flat for the week so far in Dollar terms on Wedneday, trading in London’s wholesale bullion market at $1290 per ounce as global stock markets rose despite the ongoing US government shutdown and fresh political turmoil in the UK over Brexit.   Major economy bond prices slipped, edging long-term interest rates higher […]

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Gold Prices Take a Pause as UK Faces Key Brexit Vote, US Shutdown 'Hits GDP Growth'

GOLD PRICES held little changed in a tight range in terms of all major currencies on Tuesday as Asian equities rose but European stock markets held flat ahead of the UK Parliament’s “meaningful vote” on Prime Minister Theresa May’s Brexit deal.   With the Withdrawal Agreement proposed by May and the European Union set for […]

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Gold Prices 'Supported' by Geopolitics But 'Short-Selling' Blocks $1300

GOLD PRICES dropped $6 to erase an overnight rise at the start of US trading on Monday, moving back to last week’s finish of $1290 per ounce as world stock markets fell even as major government bond yields slipped once more.   “The geopolitical risks have started to induce some safe-haven buying,” reckon analysts at […]

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