GOLD PRICES in London rose back towards 12-month highs above $1340 in Dollar terms on Thursday morning but slipped versus the Euro as the European Central Bank left its negative interest rates and €60 billion per month QE bond-buying scheme untouched.   The Bank of Canada yesterday raised its key interest rate for the second […]

GOLD BULLION held $5 below yesterday’s late spike to 12-month highs in Asian and London action on Wednesday, trading at $1340 per ounce after a key US Fed policymaker said weak inflation warns against raising interest rates and new data showed gold-backed ETFs expanding strongly in August.   Consumer demand and physical buying in the […]

GOLD PRICES dipped briefly below $1330 per ounce in London trade Tuesday morning, holding near yesterday’s spike to 11-month highs as the Dollar weakened again and reports said North Korea is moving an intercontinental missile towards its west coast after firing a 6th test in 2 weeks.   Gold priced in Yen eased back from […]

GOLD PRICES rose near 1-year highs against the Dollar and British Pound on Monday morning in London after jumping at the start of Asian trade amid reports that North Korea will follow its series of nuclear weapon tests with an intercontinental ballistic missile (ICBM) launch, writes Steffen Grosshauser at BullionVault.   While world stock markets […]

GOLD PRICES held at 10-month highs versus the Dollar on Friday morning in London but traded at only 2-month highs in Euros and Chinese Yuan as the US currency slipped ahead of key monthly jobs data from the world’s largest economy.   Rising back to $1320 per ounce today, the Dollar gold price on Thursday […]

GOLD PRICES retreated on Thursday morning in London while the Dollar recovered on positive economic data from the United States and China and investors extended stock market gains, writes Steffen Grosshauser at BullionVault. The US Dollar regained ground after the US second-quarter gross domestic product grew by 3.0% – its quickest pace in more than […]

GOLD PRICES slipped by $5 per ounce this Thursday lunchtime, as markets turn their attention to Jackson Hole.  Gold rose to $1291 yesterday amid concerns over President Donald Trump’s threats to shut down the U.S. government and withdraw from NAFTA. Markets are focussed on the Economic Policy Symposium, which begins today at Jackson Hole, Wyoming. […]

GOLD PRICES edged 0.3 percent higher on Monday lunch time, after falling $15 from $1300 per ounce last Friday, as news broke that President Trump’s chief strategist Steve Bannon had left his position at the White House. $1300 per ounce was the highest gold price since the U.S. presidential election. This latest upheaval in the Trump […]

GOLD PRICES rallied towards its resistance level this Thursday morning in London, while the US Dollar remained weak after rather dovish hints from Fed officials suggesting that the next rate hike may be further postponed, writes Steffen Grosshauser at BullionVault. Gold briefly touched $1289 per ounce before dropping back to $1286 failing to reach the […]

GOLD PRICES fell 1.4% in Asian and London trade Tuesday, erasing all of August’s prior gains as world stock markets rose for a second day amid reports of easing tensions between the US and North Korea after last week’s threats of nuclear missile strikes.   As Washington’s Secretary of Defense James Mattis said it would […]