GOLD PRICES erased a near-$10 rally from fresh 7-week lows in London trade Friday lunchtime as new US data put unemployment in the world’s largest economy at a 16-year low.   US payrolls rose by 211,000 in April on the Bureau of Labor Statistics’ first estimate, beating Wall Street forecasts of 190,000 and nudging the […]

BUY GOLD prices fell hard against all currencies Thursday as major government bond prices slipped, pushing longer-term interest rates higher, following yesterday’s “no change” statement from the US Federal Reserve.   All 9 members of the Fed’s Open Market Committee voted to keep both interest rates and the current level of QE bond holdings unchanged […]

GOLD PRICES held at 3-week lows against the Dollar and touched new multi-month lows in Euros and Sterling ahead of the US Federal Reserve’s latest interest-rate and QE policy decision on Wednesday.   Widely expected to start slowly winding down its $4 trillion of QE asset purchases later this year, the Fed will today leave […]

GOLD BULLION fell to new 3-week lows against the Dollar and touched 3-month lows for UK investors on Tuesday as the global bullion market got back to work after the long May Day holiday.   With the US Congress side-stepping a ‘debt ceiling’ crisis by agreeing a $1 trillion package to fund government spending until […]

BUY GOLD prices in London’s wholesale market held steady against a falling US Dollar on Friday, heading for a 1.3% weekly drop but rising 1.4% across the month of April at $1267 per ounce., the price to buy gold rose 1.4%,   Ahead of the US open, that beat the S&P500 stock index’s 1.1% gain […]

GOLD PRICES gave back most of last night’s $10 pop following news of Donald Trump’s much-trailed tax reforms on Thursday, retreating to $1263 per ounce as the Dollar rallied but commodities and world stock markets extended their drop.   Silver fell harder, trading almost 7% below last week’s 5-month high of $18.66 per ounce as […]

GOLD PRICES set new 2-week lows against a rising US Dollar on Wednesday, hitting $1262 per ounce as European stock markets slipped from their two-day surge and commodity prices also fell.   US Treasury bonds ticked down, nudging 10-year yields up to 2-week highs at 2.34%.   Ahead of President Trump unveiling what he’s trailed […]

GOLD BULLION erased all of last night’s $10 rally from 2-week Dollar lows Tuesday morning in London, trading back at $1268 per ounce as world stock markets extended their gains following the first-round of France’s presidential election.   With pro-Euro centrist Emmanuel Macron now facing the National Front’s Marine Le Pen in May 7’s run-off, […]

GOLD PRICES fell at the fastest pace in 2 weeks on Monday morning in London as pro-growth centrist candidate Emmanuel Macron received the highest number of votes in the first round of France’s presidential election, with world stock markets jumping amid a sell-off in ‘safe haven’ government bonds, writes Steffen Grosshauser at BullionVault.   Crude […]

GOLD PRICES spiked to a 2-day high of $1286 lunchtime Friday in London, but silver slipped below $18 per ounce as world stock markets rose and commodity prices held steady.   Since last Friday’s finish, gold in Dollars has trimmed 15% off last week’s strong $33 advance to the highest level in 5 months.   […]