GOLD PRICES sank on Friday despite yet worsening tensions over the attempted assassination of a former Russian spy in the UK, falling to 2-week lows versus the Dollar following stronger-than-expected US industrial output data.   Moscow is “overwhelmingly likely” to have ordered the attack on Russian defector Sergei Skripal and his daughter Yulia with a […]

GOLD PRICES were unmoved Thursday by worsening tensions between Nato and Russia over the poisoning in Britain of a former spy, holding $5 below last week’s finish to trade at $1318 per ounce as world stock markets also held flat overall.   Silver also slipped, trading 1% down for the week so far at $16.43 […]

GOLD PRICES spiked to a 1-week high before retreating against a volatile US Dollar in London trade Wednesday as Russia promised retailiation over the UK expelling 23 diplomats as “undeclared intelligence officers” following the poisoning of a former spy with toxic nerve agent.   The UK also said it is tightening checks on Russian state-owned […]

GOLD PRICES leapt against a sinking Dollar on Tuesday but quickly fell back after US consumer prices showed the fastest inflation in 6 months and US President Donald Trump sacked his Secretary of State Rex Tillerson with a tweet, one day after Tillerson called Russia “a force for instability in the world.”   Trump had […]

GOLD PRICES started the week lower against a falling US Dollar on Monday, while equity markets surged after Friday’s strong US job data eased fears of inflation, writes Steffen Grosshauser at BullionVault.   With the US central bank expected to hike interest rates at its March meeting next week, gold fell 0.5% even as the Dollar […]

GOLD PRICES bounced late-Friday to end the week unchanged per ounce after the United States reported the strongest jobs growth in 19 months.   Rallying to $1323 as London trade ended, the gold price had earlier slipped to 7-session lows at $1314 after Donald Trump became the first US president to announce a meeting with […]

GOLD and SILVER TRADING in London’s wholesale bullion market saw prices hold firm in everything but the single Euro currency on Thursday as the European Central Bank dropped a commitment to boost its QE stimulus if the economic or financial outlook worsens.   Platinum prices also fell hard against the Euro as the ECB cut […]

GOLD BULLION slipped against a weakening Dollar in London trade Wednesday, retreating $10 from a 1-week high at $1340 per ounce as talk of a global ‘trade war’ spurred by US President Donald Trump grew yet again following the resignation of his top economic advisor, Gary Cohn.   After new data showed US factory orders […]

GOLD PRICES rose against a weakening Dollar in London trade Tuesday, regaining last week’s 0.5% loss to reach $1329 per ounce but slipping in Euro and Sterling terms as talk of a “trade war” between the US and Europe grew.   After US President Donald Trump last week proposed new US tariffs on steel and […]

GOLD PRICES held onto last week’s closing level Monday morning in London as the weekend’s national elections in Italy – the Eurozone’s third largest economy – gave no clear winner overall, writes Steffen Grosshauser at BullionVault.   Analysts and traders were further worried by US President Donald Trump’s open declaration of a “trade war”, with […]