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 […]
Read MoreGold 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 […]
Read MoreGold '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 […]
Read MoreGold 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 […]
Read MoreGold 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, […]
Read More'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 […]
Read MoreGold 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 […]
Read MoreSilver Prices +2% for Week as Gold 'Struggles' at $1300, G7 Set for 'Trade War' Row
SILVER PRICES held on track for a 2% weekly gain in London trade Friday, outpacing gold’s 0.3% rise in US Dollar terms as the yellow yet again failed to hold a break above $1300 per ounce. “If gold is able to confirm a close above $1300, it could be able to gain up to […]
Read MoreSilver Price 'Will Top $20 in 2018', Platinum 'Will Regain $1000'
SILVER PRICES rose for a fourth day in London on Thursday, again beating both gold and platinum as world stock markets gained and Italy’s borrowing costs retreated further from last week’s spike to 2012 crisis levels. Touching $16.78 per ounce just ahead of New York opening for trade, silver bullion traded 2.3% higher for […]
Read MoreGold Price Hits 2-Week Euro Low as ECB Sees End of QE, 'Trade War' Threatens Global GDP
GOLD PRICES rallied back near $1300 per ounce on Wednesday but fell to 2-week lows for European investors as Eurozone bond yields rose after two key Euro central-bank officials said Frankfurt remains on track to start reining back its historic monetary stimulus. Italian bond prices fell faster than other Eurozone debt, driving the yield […]
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