GOLD BULLION briefly broke above $1250 per ounce for the second time in 5 months Tuesday morning in London, while the US Dollar fell and world stock markets extended their slump ahead of tomorrow’s widely-expected interest-rate hike from the Federal Reserve.   With the Fed’s 2-day meeting starting today, and with New York’s S&P500 index now […]

GOLD PRICES edged higher against a falling US Dollar Monday lunchtime in London as Western stock markets fell again ahead of key policy events in China and US and hedge funds showed their first net bullish positions in Comex gold futures and options since July, writes Atsuko Whitehouse at BullionVault.    Recovering from an earlier […]

GOLD PRICES slipped to 7-session lows against a rising Dollar in London on Friday, dipping below $1235 per ounce as the US reported better-than-expected retail sales growth but China’s economic data missed analyst forecasts.   While the US said retail sales outside automobiles, gas and food rose strongly in November, China – the world’s second-largest […]

GOLD PRICES held a 0.5% drop for the week so far in both Dollar and Euro terms on Thursday even as the US-China trade dispute turned to “hostage taking” in the words of one specialist.   The UK gold price in Pounds per ounce also retreated, dropping back to last week’s finish at £980 after […]

GOLD PRICES edged higher for Dollar investors on Wednesday morning but slipped against the Euro and British Pound as the UK’s ruling Conservative Party called a vote of no confidence in Prime Minister Theresa May and her handling on the Brexit process – set to see Britain leave the European Union 15 weeks from now. […]

GOLD PRICES gave back a $5 rise in US Dollar terms after recovering last week’s closing level in London on Tuesday, trading down at $1244 per ounce as world stock markets rallied, government bond prices edged back, and the British Pound steadied on the FX market after Monday’s latest Brexit-crisis slump.   Stabilizing above $1.26 […]

GOLD PRICES slipped against all major currencies except the British Pound on Monday morning, retreating from last week’s multi-month highs as world stock markets fell and bond yields rose, writes Atsuko Whitehouse at BullionVault.   The UK gold price in Pounds per ounce set fresh 6-month highs however, rising to £986 per ounce, as Sterling […]

GOLD PRICES headed for their best week in Dollar terms since March in London on Friday, nearing a 2.1% gain after US jobs data for November badly missed Wall Street forecasts.   With analysts expecting growth of 200,000 in non-farm payrolls, the Bureau of Labor Statistics reported a 155,000 net addition and also cut October’s figure […]

GOLD PRICES held firm in all major currencies Thursday morning in London, supporting gold ETF trust-fund share prices as world stock markets sank on fresh worries over the inverted US yield curve and worsening US-China tensions.   European equities extended a sharp drop in Asian stocks – taking Germany’s Dax index 15% lower for 2019 […]

GOLD PRICES held just below yesterday’s 5-week high in London Wednesday morning, trading near $1240 per ounce as Asian and European stock markets extended Wall Street’s steep drop amid forecasts of a US economic recession after the yield curve on Washington’s debt briefly inverted.   China’s politburo in Beijing meantime expressed “confidence” over reaching a […]