GOLD PRICES neared their highest weekly finish against the Dollar in almost 4 years on Friday, trading 3.0% up for the week as the US currency extended its drop on the FX market.   Friday morning’s benchmarking auction in London set the highest AM gold price since late January’s 17-month high, finding a balance of […]

GOLD BULLION hung onto four-fifths of its sharpest 1-day gain since August in London trade on Thursday, holding firm as world stock markets rose again despite longer-term US interest rates holding at multi-year highs after yesterday’s inflation data beat Wall Street forecasts.   The Dollar fell again, with the single currency Euro briefing touching $1.25, […]

GOLD BULLION prices fell as the Dollar jumped on stronger-than-expected US inflation data Wednesday, only to recover the drop as fixed-income bond prices fell, pushing longer-term interest rates higher once more.   World stock markets also sank and then rallied on the news, with Germany’s Dax regaining a previous 1.0% loss by mid-afternoon in Frankfurt. […]

GOLD PRICES rallied again versus the weakening Dollar in London trade on Tuesday, briefly touching $1330 per ounce as the US currency extended its losses after President Trump sent his 2019 fiscal plan to Congress for approval.    “After so stupidly spending $7 trillion in the Middle East, it is now time to start investing […]

SPOT GOLD bounced back on Monday morning in London as the US Dollar declined after last week’s rally while investors wait for US President Trump’s spending plan and inflation data, writes Steffen Grosshauser at BullionVault. Gold Prices started the week by rallying from $1316 to $1319 per ounce after their second consecutive weekly decline, while […]

GOLD PRICES steadied against the rising Dollar on Friday but headed for the 3rd weekly loss of 2018’s six weeks so far at $1315 per ounce amid what traders called “carnage in the stock market.”   Gold prices in all other major currencies bar the Japanese Yen held firm for the week, rising in Sterling […]

GOLD PRICES bounced $10 per ounce from new 5-week lows against a rising US Dollar in London on Thursday, rallying to $1316 as Western stock markets also fell hard once again.   Commodities held flat, but major government bond prices dropped, driving longer-term interest rates higher.   Benchmark UK Gilt yields neared the highest since […]

GOLD PRICES rallied from yesterday’s near 4-week low against the Dollar on Wednesday but held below $1330 per ounce as world stock markets failed to follow Wall Street’s sharp bounce from the last week’s 6% plunge.   Both the Euro and British Pound continued their retreat against the US currency on the FX market, helping […]

GOLD PRICES fell $10 per ounce against a resurgent US Dollar on Tuesday in London, erasing this week’s earlier gain as world stock market sank for a third session running.   Solid gold trading in Shanghai – where the Chinese stock market today sank over 3% – saw global quotes rise to $1345, with Tuesday’s […]

GOLD PRICES rallied $5 per ounce from Friday’s $20 drop in London trade on Monday, rising to $1335 against a stronger US Dollar as a sell-off hit world stock markets for the 5th time in 6 trading days.   With former Fed governor Jerome Powell today replacing Janet Yellen as chair of the world’s single […]