GOLD PRICES jumped at the start of New York trade Tuesday, reaching new 2-week highs in London’s wholesale market as commodities also rose together with global equities and emerging-market bond prices amid fresh news of growing inflation.   Silver and platinum prices also rose sharply as gold hit $1240 per ounce, its highest Dollar value […]

GOLD PRICES rose to a 2-week high on Monday morning in London before easing back as the US Dollar extended its drop and world stock markets also slipped following the weekend’s change to the G20 group of nations’ stance on protectionist trade policy, writes Steffen Grosshauser at BullionVault.   Downing Street today announced that UK […]

GOLD BARS traded in London’s wholesale market rose back above $1230 per ounce Friday lunchtime, gaining 2.1% from before this week’s US Fed interest-rate rise as wrangling began in Washington over Donald Trump’s first budget proposals as US president.   The Euro held 2 cents higher for the week versus the Dollar at $1.0750, but […]

GOLD PRICES rose further Thursday in London, gaining almost 3% in Dollar terms since the Federal Reserve raised US interest rates as expected yesterday, and also raised its forecast for interest-rate hikes ahead.   Continuing to re-invest the central bank’s $4 trillion QE holdings of US Treasury bonds as they mature, the Fed’s Open Market […]

GOLD PRICES held below $1200 per ounce lunchtime Wednesday in London as the Netherlands began a raft of 2017 Eurozone elections and new monthly data showed US inflation hitting a 5-year high ahead of today’s Federal Reserve decision on interest rates.   Widely expected to take the Fed’s key rate to a ceiling of 0.75%, […]

GOLD BULLION gave back a 0.6% rally in London lunchtime Tuesday, retreating as new US data confirmed that tomorrow’s Federal Reserve decision on raising interest rates will come as price inflation rises at the fastest pace in 5 years.   Versus a rising US Dollar gold bullion touched $1207 per ounce before easing back, but […]

GOLD PRICES held above $1200 per ounce Monday morning in Asia and London, retaining a 4% drop for this month so far ahead of this week’s key central bank interest-rate decision from the US Federal Reserve, writes Steffen Grosshauser at BullionVault.   Wednesday will also see the Netherlands go to the polls, with the anti-Euro […]

GOLD BULLION bounced back above $1200 per ounce Friday lunchtime in London as the Dollar fell on what traders called ‘profit-taking’ following strong US jobs data ahead of next week’s expected interest-rate rise from the Federal Reserve.   Non-farm payrolls expanded by a much-stronger-than-expected 235,000 last month, the official estimate said, cutting the US jobless […]

GOLD PRICES extended their slide Thursday lunchtime in London to 2.5% since Monday – the second such weekly drop in a row – as corporate debt and government bond yields rose again ahead of next week’s Federal Reserve decision on interest rates.   World stock markets held flat overall but commodity prices also dropped hard […]

GOLD PRICES fell through what technical analysts called “immediate support” at $1210 per ounce Wednesday lunchtime in London as the US Dollar rose again after new data said the United States added far more new jobs than expected in February.   The private-sector ADP report said US payrolls expanded by 298,000 last month, beating consensus […]