GOLD PRICES rose back above $1320 per ounce versus the falling Dollar in London’s wholesale trade on Friday, heading for the highest weekly close in 16 after new data said the United States added far fewer jobs than analysts expected last month.   The official non-farm payrolls estimate also put average annual wage growth in […]

GOLD PRICES popped back to $1315 per ounce Thursday lunchtime in London’s wholesale market as new US jobs data saw the Dollar drop and world stock markets rise yet again.   New claims for US jobless benefits rose last week, defying analyst forecasts. But ahead of Friday’s official jobs estimate for December, the private-sector ADP […]

GOLD PRICES extended their New Year 2018 rally against the Dollar in London on Wednesday morning, rising for the 10th time in 11 trading days.   In the last 50 years the Dollar price of gold bullion has beaten such a run only 7 times before.   Touching $1321 per ounce in ‘spot’ trading, physical […]

GOLD BARS traded in London’s wholesale market rose to 15-week highs above $1300 per ounce against a falling US Dollar as 2018 got underway on Tuesday, rising almost 1% from before New Year.   Global stock markets also gained as the Dollar extended last year’s 9.8% drop against the world’s other leadng currencies – its […]

GOLD BULLION prices rose a second year running in 2017, ending December at the highest annual close in US Dollar terms since the peak of 2012.   Having risen 9.1% in 2016 in Dollar terms, gold bullion finished 11.9% higher again in 2017, its strongest gain since 2010 for US investors.   Fixing at $1296.50 […]

GOLD PRICES rose against a falling US Dollar on Wednesday morning, touching 2-week highs at $1266 per ounce despite an overnight jump in longer-term US interest rates after lawmakers in Washington voted to approve President Trump’s tax plan.   Adjusted for market-based inflation forecasts, 10-year US interest rates typically move opposite to the direction of […]

SPOT GOLD led the other precious metals up towards 2-week highs in London trade Tuesday before slipping back as global equities struggled to extend yesterday’s fresh record highs in the US stock market.   The Shanghai and Shenzen stock market closed 1.3% higher at new 2.5-year highs, but Tokyo fell and European equities held flat. […]

GOLD PRICES edged higher against a falling US Dollar on Monday morning in London as world stock markets rose to fresh all-time highs, writes Steffen Grosshauser at BullionVault.   Silver tracked gold prices, also dropping against the Euro and British Pound, while platinum jumped.   Primarily used in catalysts to clean diesel engine emissions, platinum […]

GOLD BARS rose above 1-week highs against most major currencies in London trade Friday, extending their recovery from this week’s multi-month lows as world stock markets slipped for a second day from new all-time highs.   Bond yields eased back as debt prices rose with commodity costs.   Popping to $1260 per ounce as the […]

GOLD PRICES rose further in London trade Thursday, gaining $20 per ounce from this week’s 5-month lows after the US Federal Reserve raised its key interest rate as expected.   After UK inflation came in at a 6-year high of 3.1%, the Bank of England today voted unanimously to hold its key interest rate at […]