GOLD PRICES sank $10 inside 30 minutes Friday lunchtime in London as new US data showed a stronger-than-expected rise in new jobs plus the largest annual rise in average wages since January 2009.   The Dollar jumped on the FX market, extending an overnight rally begun as the Bank of Japan became the first central […]

GOLD PRICES fell back below $1340 per ounce in London’s wholesale trade Thursday despite the US Dollar slipping again on the currency market after the Federal Reserve’s “no change” decision on interest rates overnight.   Janet Yellen’s final meeting as Fed chair saw policymakers at the US central bank signal they’re on track to take […]

GOLD BARS dealt in London’s wholesale market held flat against most major currencies on Wednesday morning, edging back up to $1343 per ounce for US investors as world stockmarkets steadied from their 3-sesson drop ahead of today’s US Federal Reserve decision on Dollar interest rates.   Heading for a 3.7% rise for the first month […]

GOLD PRICES in the global wholesale markets bounced $10 from an overnight drop to $1334 on Tuesday as Chinese demand held firm ahead of next month’s Lunar New Year and volatility in the currency markets switched to Sterling amid fresh wrangling over Brexit.   With 3 weeks until Chinese New Year – now the heaviest […]

GOLD PRICES slipped slightly back on Monday morning in London as the US Dollar surged after 6 straight weeks of losses, writes Steffen Grosshauser at BullionVault.   Gold traded $6 below last week’s close at $1349 per ounce after touching an 18-month high at $1365 early on Friday.   US Treasury bonds meantime extended their […]

GOLD PRICE gains from last Friday of 2.6% slipped to 1.5% against the US Dollar in London trade today, leaving the metal just $1.10 per ounce below a near 4-year high at its weekly close.   The Dollar eased back but held half of yesterday’s sharp rebound from its lowest FX value since late 2014 […]

GOLD PRICES hit new 17-month highs against the Dollar above $1360 per ounce at the start of London dealing on Thursday, rising as the US currency extended its slump after President Donald Trump’s Treasury Secretary said he welcomed a “weak Dollar”.   Gaining for the 12th time in 18 trading days so far in 2018, […]

GOLD ETF trust fund trading saw bullion prices rise within $5 per ounce of last September’s 13-month high on Wednesday in Londonas the US Dollar fell to new 3-year lows on the FX market and Japan led a retreat in world stock markets from record-high levels.   As gold prices moved above $1352 per ounce […]

GOLD PRICES erased last week’s drop against the Dollar in Asian and London trade Tuesday, rising to $1337 per ounce even as the US currency held firm on the FX market.   World stock markets followed Wall Street higher to new all-time records after the Senate ended the 3-day government shutdown by extending 2017’s budget […]

GOLD PRICES held steady as the Dollar remained weak Monday morning amid the US government shutdown, writes Steffen Grosshauser at BullionVault – the first since October 2013.   After recording the 6th weekly gain in succession at the London PM benchmarking, wholesale gold bullion prices traded in a $6 range around Friday’s close at $1331 […]