GOLD BULLION recovered this week’s previous 0.9% loss to 7-week lows in Asian and London trade on Wednesday, touching $1281 per ounce as world stock markets stalled at record highs and bond yields retreated from the last month’s jump. The US Dollar slipped further from yesterday’s 7-week highs against the Euro while Germany’s Xetra […]
Read MoreGold's Dollar Link Strongest in 2 Years Amid 'Warsh Fed' Talk, Investing via GLD Shrinks 1st Time Since Sept' Peak
GOLD INVESTING prices fell to new 7-week lows against a rising Dollar on Tuesday in London but held little changed against other major currencies as world stock markets rose and debate raged over who US President Trump will appoint as chair of the Federal Reserve. Asian equities (ex-China, shut all week for National Day) […]
Read MoreGold Buying Rises with Price 1st Time in a Year
Gold Investor Index snaps 2017 pattern of buying and selling… The NUMBER of private investors buying gold rose sharply in September even as prices recorded their highest monthly average in a year, writes Adrian Ash at BullionVault. This breaks 2017’s previous pattern, when gold investing sentiment moved inversely to the metal’s month-average Dollar […]
Read MoreGold Price Hits 6-Week Dollar Low as Euro Falls After Catalonia Vote, Comex Speculators Pull Back
GOLD PRICES fell to new 6-week lows in London trade Monday as the Dollar rose and world stock markets edged higher. The Euro slipped after Sunday’s clashes with civil police in Spain’s Catalonia region as people voted for independence in what the national government called an illegal ballot. “With this day of hope […]
Read MoreWholesale Gold Bars Recover Half Week's Drop as China's Bank Funding Queried, UK Deficit Widens
GOLD BARS traded in London’s wholesale market rose back to $1287 per ounce on Friday, halving the week’s previous $20 loss as global stock markets rose within 0.5% of last week’s new all-time high on the MSCI World Index. Major government bond prices rallied, easing longer-term interest rates lower from this week’s jump, as […]
Read MoreGold Price Down Again Amid US Rate-Rise Bets, Strong China Trading, Pall-Plat Parity
GOLD PRICES fell beneath yesterday’s 1-month lows in London trade Thursday, dipping to $1278 per ounce as most commodities edged higher with world stock markets. With gold prices now falling almost 6% from early September’s 12-month Dollar high, silver today fell to $16.70 per ounce – down more than 8% from 3 weeks ago. […]
Read MoreFed's 'Imprudent, Misguided' Yellen Knocks Gold Bullion to 5-Week Low as Chinese Jewelry Demand Falls
GOLD BULLION prices sank against a surging US Dollar on Wednesday in London, trading down towards 5-week lows beneath $1285 per ounce after Federal Reserve boss Janet Yellen said strong jobs data make raising rates more urgent. The Dollar jumped to its highest level versus the single-currency Euro since mid-August at $1.17, and reached […]
Read MoreGold Prices Slip Back Near $1300 After Comex Options Surge on N.Korea 'War' Talk
GOLD PRICES this morning cut yesterday’s sharp $15 gain following North Korea’s accusation that the US has “declared war”, falling back to $1302 per ounce in Tuesday’s London trade as the Dollar rose and world stock markets held flat overall. Gold priced in the single-currency Euro pushed higher again following the weekend’s German elections, […]
Read MoreGold Prices Fall after Merkel's Re-Election in German Election
GOLD PRICES eased back on Monday in London but stayed above last week’s near 4-week low after Angela Merkel won the general election in Germany, writes Steffen Grosshauser at BullionVault. The US Dollar rose and the Euro fell however after the right-wing Alternative for Germany (AfD) party won 1-in-8 votes in the German elections. […]
Read MoreGold Bullion Fails to Recover $1300 Even as Dollar Retreats Post-Fed, Kim + Trump Trade Insults
GOLD BULLION rallied almost $10 per ounce on Friday from yesterday’s 4-week lows against the Dollar, but failed to recover what analysts called the “key pivot” of $1300 despite claims of safe-haven buying after Pyongyang threatened to test a nuclear bomb over the Pacific Ocean. The Yen rose faster versus the Dollar, erasing last […]
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