GOLD PRICES held below Friday’s 7-week closing low near $1270 per ounce in Asian and London trade Monday, edging back as the US Dollar rallied from 30-month lows versus the Euro currency despite news of stronger than expected jobs growth and inflation across the 19-nation union.   Silver rose to set new 5-week highs at […]

GOLD PRICES jumped to breach yesterday’s 6-week Dollar highs above $1265 per ounce Friday lunchtime in London as the US currency fell yet again on the FX market following very mixed GDP data from the world’s largest economy.   Annualized US growth in gross domestic product matched Wall Street forecasts, jumping to 2.6% between April […]

GOLD PRICE gains continued for Dollar investors on Thursday but held flat for other traders as the US currency touched its lowest Euro value since January 2015 following yesterday’s “no change” decision from the Federal Reserve.   “The actual path of the federal funds rate will depend on the economic outlook as informed by incoming […]

SPOT GOLD held at 3-session lows Wednesday lunchtime in London, trading at $1247 per ounce as world stock markets edged up to new all-time highs ahead of today’s US Federal Reserve decision, widely expected to leave rates and QE bond holdings unchanged.   Major government bond prices ticked higher, nudging the yield offered by 10-year […]

GOLD BULLION fell against all major currencies bar the US Dollar in London on Tuesday, losing 1% from yesterday’s 3-week high in Euro terms as Western stock markets rose with major government bond yields.   Ten-year US Treasury yields touched 1-week highs at 2.29% as bond prices fell ahead of tomorrow’s US Federal Reserve decision […]

GOLD PRICES rose to a 4-week high against a weak Dollar on Monday morning in London, gaining as the US currency held near a 13-month low as traders looked from the resignation of President Trump’s key PR aide to this week’s Fed meeting on interest rates, writes Steffen Grosshauser at BullionVault.   Silver surged to […]

GOLD BULLION headed for a second weekly gain versus the falling Dollar Friday morning in London, trading at $1247 per ounce as the US currency held at its weakest in 14 months against the Euro.   Asian stock markets closed the day lower for a small weekly gain, while European shares held flat to trade […]

GOLD PRICE gains over the previous 7 sessions ended in Asian and London trade Thursday, with the metal retreating almost $10 per ounce from this week’s new July highs as the US Dollar rallied following “no change” decisions on sub-zero rates and record QE bond buying from both Japan and the 19-nation Euro currency zone […]

GOLD BARS traded in London wholesale market rose for a fourth morning running on Wednesday, holding near 2-week highs against a rallying US Dollar as world stock markets steadied and bond prices also flat-lined, holding longer-term interest rates at 3-week lows.   Trading above $1240 per ounce, the price of large gold bars also gained […]

GOLD PRICES rose sharply for the third session running in London on Tuesday, gaining as world stock markets fell, commodities rose, and interest rates on major government bonds retreated to new lows for July.   Silver stalled at $16.14, unchanged from Monday’s jump, while platinum gave back $10 per ounce from yesterday’s spike to 1-month […]