GOLD PRICE gains of 0.5% were doubled by silver bullion in London trade Monday as world stock markets stalled at new all-time highs and major government bond prices rose, pushing longer-term interest rates down.   This week brings key policy decisions from the Bank of Japan and European Central Bank – both due Thursday and […]

SPOT GOLD prices jumped near 2-week highs at $1232 per ounce Friday lunchtime in London as weak US retail sales and inflation data saw the Dollar drop hard on the forex market.   Consumer prices rose 1.6% in July from a year earlier, the Bureau of Labor Statistics said – the weakest inflation since before […]

The GOLD PRICE in Dollars eased back but held 0.6% higher for the week so far against the Dollar on Thursday as world stock markets rose following Janet Yellen’s comment to lawmakers that the US Federal Reserve will raise interest rates only “gradually”.   The British Pound meantime rose but London’s FTSE-100 share index held […]

GOLD PRICES extended their recovery to 1.5% from this week’s new 3.5-month low against a falling US Dollar on Wednesday, rising to $1225 per ounce ahead of US Fed chair Janet Yellen’s semi-annual testimony on interest-rate and QE policy to Congress.   Asian and European stock markets flipped yesterday’s action to fall and rise respectively, […]

GOLD BULLION on Tuesday halved last night’s $10 per ounce recovery from 4-month lows against a rallying US Dollar, trading at $1210 as major government bond prices fell again, pushing up longer-term interest rates.   Commodities reversed yesterday’s gains as European stock markets slipped, but Asian equities ended Tuesday higher after provisional data said new […]

GOLD and SILVER prices fell to new multi-month lows versus a strengthening US Dollar at the start of European trade on Monday, hitting 4-month and 16-month Dollar lows respectively    Priced in the Euro both precious metals fared worse still, dropping to their cheapest since February and March 2016.   With gold and silver hitting […]

TRADING in Comex silver futures contracts was hit Friday by what dealers and analysts called a ‘fat finger’ error, knocking the metal down more than $1 per ounce to a sudden 15-month low at the start of Japanese hours.   A trade worth some $450 million in September and December silver futures saw those contracts […]

GOLD PRICES traded almost $10 per ounce above yesterday’s 8-week lows in London trade Thursday, holding at $1225 as world stock markets fell with government bond prices after the US Fed’s meeting notes from June showed a widening split over the future path for Dollar interest rates.   New US jobs data today came in […]

GOLD BULLION touched new 8-week lows against a rising US Dollar on Wednesday, coming within $3.20 of early May’s bottom at $1214 per ounce as world stock markets rose yet again with Eurozone government bond yields.   Platinum dropped to $902 per ounce – erasing the last of 2017’s earlier 16% gain versus the US […]

GOLD PRICES in London’s wholesale market recovered $5 per ounce from an overnight drop below $1220 on Tuesday, rallying from that 8-week low as North Korea marked US Independence Day by announcing the successful test of an intercontinental ballistic missile.   The isolated regime of Communist founder Kim Il-sung‘s grandson said dictator Kim Jong-un personally […]