GOLD PRICES whipped amid sharp currency swings on Friday as global stock markets fell hard after US President Donald Trump defended plans for stiff tariffs on imports of steel and aluminum into the world’s No.1 economy by declaring that “trade wars are good”. Proposing 25% tariffs on imports of steel and 10% on aluminum last […]

BUY GOLD prices in London’s wholesale market erased the last of 2018’s previous 4.9% gain on Thursday, falling back near $1300 per ounce after new US inflation data came in stronger than analysts forecast.   The PCE measure of US consumer costs rose 1.7% in January from the same month last year, the Bureau of […]

GOLD PRICES steadied at multi-week lows on Wednesday as the Dollar paused its gains but world stock markets followed Wall Street lower after new Federal Reserve chair Jerome Powell told US lawmakers to expect further interest rate hikes.   Extending its sharpest 1-week drop of 2018 to date, gold fell another $20 per ounce between […]

GOLD PRICES fell as new US Fed chair Jerome Powell began his first testimony to lawmakers on Tuesday, retreating to last week’s closing level as the US Dollar rallied from a fresh drop on the currency market.   New data meantime missed analyst forecasts, showing the US trade deficit in goods widening badly even as […]

GOLD PRICES regained half of last week’s losses on Monday morning in London as the US Dollar inched down ahead of US inflation data and the new Fed chief Jerome Powell’s first congressional testimony, writes Steffen Grosshauser at BullionVault.   Federal Reserve chairman Jerome Powell will speak about US monetary policy before the House Financial […]

GOLD PRICES in the global wholesale center of London headed for the steepest 1-week drop of 2018 so far on Friday, holding a 1.7% loss against a stronger US Dollar as major government bond prices edged higher again from this month’s sharp sell-off, nudging interest rates down.   Failing to set a 4-year weekly closing high […]

GOLD BULLION rallied just $3 off a 1-week low versus the rebounding Dollar on Thursday as world stock markets fell after notes from the Federal Reserve showed the US central bank expects to keep raising its key interest rate in 2018.   China’s stock market opened sharply higher on the first trading day of the […]

GOLD PRICES struggled to recover from yesterday’s sharp drop against the rallying US Dollar in London on Wednesday, halving last week’s 2.2% gain as world stock markets fell, bond prices steadied and commodities edged higher.   Retreating 2.6% from last Friday’s 3-week high at $1361 per ounce, the gold price in Dollar terms has now cut […]

GOLD PRICES rallied from a brief dip below $1340 per ounce in London trade on Tuesday, rising against a firm US Dollar as New York traders returned from the long Presidents Day weekend.   With China’s markets still closed for the New Year of the Dog celebrations, Asian stock markets closed lower while European equities […]

GOLD and SILVER PRICES remained steady on Monday morning in London against a rebounding US Dollar, write Steffen Grosshauser and Adrian Ash at BullionVault.   With New York shut for Presidents Day – and ahead of meeting minutes due Wednesday from the US Federal Reserve’s latest policy meeting – global equity markets were mixed as […]