GOLD PRICES fell below $1220 for the fourth time in a fortnight in London trade Tuesday, hitting new 30-month lows for Euro investors at €1038 as the Bank of Japan sparked volatility on the currency markets by tweaking its “continuous…powerful” QE money creation and asset-purchase program.   Vowing to suppress short- and long-term interest rates […]

GOLD PRICES dropped back on Monday morning in London ahead of several key central bank meetings this week, writes Steffen Grosshauser at BullionVault.   Rumors in Tokyo say the Bank of Japan may ‘tweak’ its QE asset purchase scheme Tuesday.   Supported by last week’s strong US GDP data, the Federal Reserve is then expected […]

GOLD PRICES popped $5 but held on track for the 7th weekly drop in 9 against the Dollar on Friday after new US data matched analyst and President Trump’s forecasts with the fastest GDP growth since 2014.   Falling within $6 of last week’s 1-year low at $1211.89 this morning in London, gold prices then […]

SILVER slipped with other precious metal prices on Thursday in London, holding firmer than gold but weaker than platinum as Eurozone stock markets rose following US President Trump’s positive trade meeting with European Commission chief Juncker, plus a “no change” decision from the European Central Bank.   Trump overnight claimed his meeting with the EC […]

GOLD PRICES recovered or rose above last week’s closing level in terms of all major currencies on Wednesday, touching $1232 per ounce as the US Dollar slipped on the FX market and European equities fell ahead of Donald Trump’s meeting on trade with Jean-Claude Juncker.   “I have an idea,” tweeted the US President over […]

GOLD BULLION rallied against most major currencies Tuesday in London, recovering most of yesterday’s drop as the Chinese Yuan steadied from a new plunge on the FX market and US Dollar slipped back ahead of Donald Trump meeting the European Commission’s Jean-Claude Juncker amid the worsening ‘trade war’ spat over tariffs between the world’s two […]

GOLD PRICES held stable on Monday morning in London as the Dollar fell to a near 2-week low after President Trump lamented the US currency’s recent strength, writes Steffen Grosshauser at BullionVault.   With Trump tweeting a blunt warning to the theocratic government of Iran, gold rallied to touch $1234 in the early session before […]

GOLD PRICES rallied 1% on Friday from yesterday’s new 12-month Dollar low of $1211 per ounce after US President Donald Trump attacked both China on trade and the Federal Reserve for raising  interest rates in an interview with CNBC.   “I’m not thrilled” about the Fed raising rates, Trump told CNBC anchor Joe Kernen in […]

GOLD PRICES fell again but were outpaced by silver in London on Thursday, while platinum dropped to new 14-year lows as the surging US Dollar pushed industrial commodities lower.   Asian stock markets slipped as the Chinese Yuan also fell to new 12-month lows, tracking the slide in Dollar gold prices.   European shares fell […]

GOLD PRICES set new 12-month lows against a rising Dollar on Wednesday in London, touching $1222 per ounce as the US currency rose yet again following weaker-than-expected Eurozone and UK inflation data.   Excluding volatile fuel and food prices, the cost of living in the UK slowed to 1.9% annual inflation last month and retreated […]