GOLD PRICES fell further on Monday morning in London against a firm Dollar amid new China-US trade wrangling while anti-immigration nationalists gained votes in Sweden’s general election but lagged well behind the main parties, writes Steffen Grosshauser at BullionVault. The Krona rallied further from late August’s 9-year versus the Euro and Stockholm’s OMX 30 […]
Read More'Little Support' for Gold Bullion at $1200 as Fed 'Gets Restrictive', US Jobs Beat Forecasts
GOLD BULLION fell $5 per ounce from the $1200 mark Friday lunchtime in London after new US data showed stronger jobs growth than analysts forecast for the world’s No.1 economy. Silver held firmer at $14.14, heading for a 2.8% weekly drop, but platinum prices fell with gold bullion to show a 1.3% loss from […]
Read MoreGLD Shrinks But Gold Price Pops to $1205 as Trump Faces Down China and 'the Swamp'
GOLD PRICES popped higher on Thursday in London, erasing the last 2 weeks’ losses as global stock markets slipped lower once more and US President Donald Trump railed against claims that White House insiders are actively working against his agenda and policies. Trading at $1205 per ounce as New York opened for business, gold […]
Read More'Opportunity' to Buy Gold as BRICS Hit by Fed
PRICES to buy gold stabilized in London on Wednesday morning, trading $2 higher to $1194 per ounce even as the US Dollar pushed other currencies lower once more and global stock markets extended yesterday’s drop on Wall Street. Commodity prices also retreated and the Chinese Yuan fell again versus the Dollar after China’s weak […]
Read MoreGold -$10 But Gold/Silver Ratio Breaks 2008 Peak as Emerging Markets Crisis Spreads
GOLD PRICES outpaced a drop in world stock markets on Tuesday in London, dropping $10 per ounce from the US Labor Day weekend as the Dollar resumed its climb versus other currencies but reaching its highest value against silver since March 1995 as the gray metal sank on the bullion market. Emerging-market currencies fell hard […]
Read MoreGold Price Flat at $1200 for Labor Day as Bears Ease Back, US Jewelry Sales Beat Coin, Bar Demand
LABOR DAY 2018 saw global gold bullion prices edge back to $1200 per ounce in quiet trade on Monday, down 0.3% for the day, as US markets stayed closed for the end-of-summer holiday. Asian and European equities ticked lower, also in quiet trading, as crude oil rose to 2-month highs and the other precious […]
Read MoreGold Bullion Hits Longest Dollar Price Drop Since 1989 as GLD Shrinks Again
GOLD BULLION prices held above $1200 per ounce for US Dollar investors in London trade Friday but neared the end of August lower for the fifth month running. Matching the worst runs of gold’s 1990s’ bear market, that stretch has only been beaten once – back in 1989 – since benchmark London bullion prices […]
Read MoreGold Price Support 'Firm at $1200' as US Inflation Hits Fed Target 1st Time in 6 Years
GOLD PRICES rose back to last week’s closing level around $1205 per ounce in London on Thursday as new US data put inflation up in line with the Federal Reserve’s official target for the first time since spring 2012. The personal incomes and outlays report for July said the cost of living rose 2.3% […]
Read MoreGold Price Drop Spurs India Festive Demand But Kerala Disaster 'Will Boost Selling'
GOLD PRICES held little changed in Dollar terms alongside global stock markets on Wednesday, trading back in line with last week’s finish at $1204 per ounce as commodities rose together with longer-term interest rates on major government bonds. Tuesday’s rally in US gold prices failed to stop the giant SPDR Gold Trust (NYSEArca:GLD) suffering […]
Read MoreGold Prices Rally vs Falling Dollar as Debt and Migration Dominate EU Politics
GOLD PRICES hit 2-week highs against a falling US Dollar on Tuesday as world stock markets extended their rally towards or above January’s all-time record highs. Political tensions worsened in Europe over both government budgets and immigration, while US President Donald Trump hailed a revamped Nafta trade agreement with Mexico which doesn’t include fellow […]
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