GOLD PRICES rose against all major currencies on Thursday, rallying above $1315 per ounce in Dollar terms after the US Federal Reserve held its key interest rate unchanged. Despite manufacturing survey data this week pointing to bottlenecks and cost-price inflation at a 7-year high, the Fed altered key phrases in Wednesday’s policy decision statement, suggesting […]

GOLD PRICES rallied Wednesday morning ahead of the Federal Reserve’s May meeting on US interest rates, adding 0.5% from yesterday’s drop to within $3 of $1300 per ounce – a level last seen before New Year 2018.   Ahead of the Fed’s decision, latest survey data said Tuesday that US manufacturing activity slowed to a […]

GOLD PRICES fell to 6-week lows against the Dollar but held firm against other major currencies in London trade Tuesday, extending its recent pattern into the first day of May.   With China and most European financial markets shut for May Day, gold fell 0.4% to $1308 per ounce as the Dollar rose on the […]

GOLD and SILVER PRICES fell in London trade Monday, dropping to 6- and 4-week lows respectively against a rising US Dollar as world stock markets edged higher but commodities dropped.   Brent crude oil fell to $73.50 per barrel – some $2 below last week’s 3.5-year highs – after new data showed a jump in US oil […]

GOLD PRICES fell back Friday after new US data showed strong GDP growth but slower inflation, putting the metal on track for its lowest weekly finish in six against the Dollar below $1318 per ounce.   Adjusted for inflation, the world’s largest economy expanded at an annualized pace of 2.3% in the first 3 months […]

GOLD BULLION fell to 5-week lows against a rising US Dollar in London trade Wednesday, dropping as world stock markets caught up with yesterday’s fall in New York’s stock market.   Ahead of tomorrow’s policy decision from the European Central Bank, the Euro price of gold was unchanged around €1084 per ounce, little moved from […]

GOLD MINING shares rose as the broader stock market rallied Tuesday while the rise in US bond yields paused with 10-year rates just shy of 3%.   Gold bullion prices bounced $5 per ounce from yesterday’s 2-week low, touching $1328 as London opened for business.   That left gold little changed around last Friday’s finish […]

The GOLD / SILVER RATIO rose from near 2-month lows in London trade on Monday as both metals fell against a rising Dollar after new US data beat analyst forecasts.   With manufacturing activity and sales of existing homes both stronger than Wall Street predicted, world stock markets held flat as falling bond prices saw […]

GOLD slipped Friday in London but silver prices spiked to 11-week highs as US President Donald Trump berated the Opec oil cartel for “artificially” pushing energy prices up to 4-year highs by discussing new output cuts.   Asian stock markets fell but Europe held flat on the day, keeping the Stoxx Europe 600 Index unchanged […]

SILVER PRICES extended their sharp rally in London trade Thursday, reaching new 11-week highs for US investors at $17.30 per ounce while gold edged back from an overnight rise.   Tokyo and Shanghai’s stock markets closed the day higher, but other major equity markets held flat as base metals and crude oil pushed the CRB […]