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US Gold Investing Sinks 92%, Euro Price Hits 16-Month Low Amid Stock Market's 'Daily Bull Market'

GOLD INVESTING prices slipped towards 8-week lows against a rallying US Dollar as Monday brought a start to the second half of 2017, while world stock markets rose and crude oil extended its recovery ahead of tomorrow’s Fourth of July holiday, writes Steffen Grosshauser at BullionVault.   With gold dropping to $1226 per ounce, silver […]

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Gold Bullion Ends June at January Low vs Falling Dollar, 'Supportive' Asian Demand 'Will Weaken'

GOLD BULLION slipped again overnight Friday against a falling US Dollar, heading for the lowest monthly finish since January in London’s wholesale trade while world stock markets rallied from yesterday’s sell-off and bond prices also stabilized.   Commodities extended their bounce in Dollar terms, taking Brent crude oil further above $47 per barrel – some 6% […]

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'Sell Rallies in Gold' Says SocGen as Price Drops vs Falling Dollar, China + India Premiums Rise

GOLD PRICES fell against a falling US Dollar on Thursday, dropping below $1245 per ounce for the third time in 2 weeks even as the greenback hit new 13-month lows versus the Euro on the currency market.   The Euro gold price per kilo fell near €35,000 – the lowest since December at what were […]

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Gold Bounces vs 'Reflation' Euro as FANG Tech Stocks Get 2.5% of Global Fund Allocations

GOLD FUNDS ticked higher Wednesday morning as world equity indices slipped for a second day – led by pre-market trading in US tech stocks such as Google – and the Euro retreated from 1-year highs versus the Dollar hit after Euro central-bank chief Draghi said the currency union may be enjoying economic “reflation”.   Currently […]

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Gold Bullion Rallies in Dollars, Squashed by ECB's 'Stimulus' Euro as China's Hong Kong Imports Drop

GOLD BULLION rallied 0.6% against the US Dollar at the start of London trade Tuesday, but fell again versus the Euro after European Central Bank chief Draghi vowed “constant stimulus” to support growth in the single currency’s 19-nation bloc.   Government bond prices fell across the board but most sharply on Euro debt, pushing 10-year […]

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London Trading Sees Gold Plunge as Italy's Taxpayers Rescue Failed-Bank Investors

GOLD TRADING in global wholesale center London saw prices sink at the opening of business on Monday after Italy sidestepped Eurozone rules on banking bail-outs to protect creditors of two failed lenders in the Veneto region around Venice.   Trading $2 lower per ounce in Asia overnight, the gold price today then plunged $10 from […]

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Gold Prices Mark UK's Brexit Vote Anniversary +16% in Sterling, Lower in Dollars

GOLD PRICES on Friday marked the first anniversary of Britain’s referendum vote to leave the European Union by trading 0.7% lower from 23 June 2016 in Dollars, 1.1% higher in Euros, and 16.0% higher against the British Pound.   European stock markets extended this week’s drop as gold prices pushed $5 higher from last Friday […]

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Gold Bullion 'Set to Recover' as Stocks Fall 3rd Day on Global Crude Oil Glut

GOLD BULLION halved a 1% rally from yesterday’s new 5-week lows against the Dollar on Thursday, dipping back below $1250 per ounce as world stock markets fell for a third day, pulled down by oil and energy shares.   Crude oil traded near 12-month lows around $42 per barrel of US benchmark WTI.   Major […]

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Gold Price Slips vs. Falling Dollar as Oil Bounces, Bank of England Split Boosts 'Brexit-Hit' Pound

GOLD  PRICES held near 5-week lows against a falling US Dollar on Wednesday, trading at $1243 per ounce as commodities rallied but world stock markets extended Tuesday’s retreat in New York.   As Brent crude oil rallied $1 per barrel from yesterday’s 7-month lows near $45, that pulled the EuroStoxx 50 index of major European […]

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Gold Price Hits New 1-Month Low as 'Hawkish' Fed Considers Higher Inflation Target

GOLD PRICES popped $5 higher Tuesday lunchtime in London, rallying from new 1-month lows beneath $1243 per ounce hit after what pundits and analysts took to be “hawkish” comments on interest rates from a senior US Federal Reserve official.   Having raised rates to a ceiling of 1.25% last week, “This is actually a pretty […]

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