GOLD PRICES eased lower on Monday morning in London, touching a 1-month low after French President Emmanuel Macron saw his En Marche! party sweep to victory in parliemantary elections, writes Steffen Grosshauser at BullionVault.   The UK government of Theresa May meantime began its Brexit negotiations with the European Union after losing its parliamentary majority […]

GOLD PRICE losses of 1.1% for the week were trimmed in London trade Friday, with the metal rallying $3 from 3-week lows at $1252 per ounce as industrial and energy commodities also bounced.   World stock markets rallied, but London’s FTSE100 held on course for a 1.0% weekly loss.   Ahead of the New York […]

GOLD PRICES fell to new multi-week lows against all major currencies Thursday morning, dropping to $1254 per ounce for Dollar investors as all other tradable asset classes also fell following the Federal Reserve’s decision to raise US interest rates despite weakening economic data.   The Fed also said it plans to start “normalizing” its balancesheet […]

GOLD PRICES popped to a 4-session high at $1277 per ounce Wednesday lunchtime in London as the US Dollar sank ahead of the Federal Reserve’s long-expected June interest-rate decision following weaker-than-forecast economic data.   US retail sales fell in May, down 0.3% from April to defy analyst predictions of a slight rise.   Consumer price […]

GOLD and SILVER prices slipped again Tuesday in all major currencies, retreating to one- and 3-week lows respectively as world stock markets rallied despite fresh political wrangling and uncertainty around the UK’s general election and looming Brexit negotiations.   One-time Conservative leadership candidate Michael Gove – now returned to front-bench politics – claimed Prime Minister […]

GOLD PRICES rose on Monday morning in London as Asian and European stocks fell and the US Dollar dropped ahead of the Fed policy meeting this week, writes Steffen Grosshauser at BullionVault. Asian and European stocks were dragged down as a selloff in US technology shares spread. The pan-European Euro Stoxx 50 was down 1% […]

GOLD PRICES in Pounds rallied to a 7-week high of £1007 on Friday morning in London as the Dollar strengthened but Sterling tumbled after fired FBI’s director James Comey told US lawmakers that he had “no doubt” that Russia had interfered with the 2016 presidential election and the incumbent UK Prime Minister Theresa May’s Conservative […]

GOLD BARS traded in the world’s wholesale hub of London erased almost all the week’s earlier 1.2% gains versus the Dollar on Thursday, falling back against all major currencies as the European Central Bank hinted it won’t cut interest rates any further for the world’s single largest currency zone.   Having touched April’s 5-month high […]

BUY GOLD prices retreated from 7-week highs against the Dollar on Wednesday, dipping below $1290 per ounce as world stock markets rallied from yesterday’s drop but crude oil continued to fall despite worsening Middle East tensions.   The self-declared Islamic State group claimed responsibility for 12 murders in Iran’s capital Tehran, with gunmen today attacking […]

GOLD PRICES jumped to new 7-week highs at $1291 per ounce on Tuesday, again testing the 6-year downtrend line in place since the metal’s 2011 record highs as Western stock markets fell with longer-term interest rates.   After the ISM Prices Paid measure of inflation in manufacturing costs “tanked” in Friday’s report for May, 10-year […]