GOLD TRADING saw prices again outpace the rising US Dollar on Monday, nearing Friday’s 4-week highs above $1180 per ounce as world stock markets fell, government bond prices rose, and crude oil sank more than 2%.   “Short term gold is staging expected rebound,” says a new technical analysis from French investment bank and bullion […]

GOLD PRICES fixed at Friday’s benchmark auction in London with a gain of 1.4% for the first week of 2017, retreating from yesterday’s 1-month highs as the US Dollar rallied following mixed US jobs data.   US non-farm payrolls grew last month by 156,000 on the Bureau of Labor Statistics’ first estimate, some 12% below […]

GOLD BULLION prices hit fresh 1-month highs on Thursday, trading above $1177 per ounce as the Dollar slipped again after weaker-than-expected US jobs data and the Chinese Yuan extended its New Year 2017 rally on the currency market.   London’s FTSE100 equity index of global corporations touched another fresh record high before edging back.   […]

GOLD PRICES rose against all major currencies bar the Chinese Yuan on Wednesday, nearing 4-week highs versus a falling US Dollar at $1165 per ounce as crude oil rose to new 18-month highs above $55 per barrel.   The Yuan meantime rose sharply from its new 6-year lows after Beijing raised its key reference rate […]

GOLD PRICES returned from the New Year 2017 holiday to track the rising Dollar on Tuesday, pushing higher against non-US currencies as Washington’s president-elect Donald Trump was rebuked by Beijing over his threat to start a trade war with the world’s second-largest economy.   Gold prices held tight around last week’s close of $1151 per […]

GOLD BARS traded in London – heart of the world’s wholesale bullion market – closed 2016 at $1159.10 per ounce Friday morning, gaining 9.1% for the year.   Also ending 3 years of losses, silver bullion meantime fixed at Friday’s midday London auction at $16.24 per ounce, some 18.2% higher for 2016 as a whole, […]

GOLD PRICES moved in a tight $4 range on Thursday in London as investors await the release of key US data. Q3 US GDP data, initial jobless claims and durable goods order figures will be released later on Thursday. Gold price in dollar terms at 12 pm in London was $1130. The market has already […]

GOLD PRICES fell on Tuesday lunch time as the dollar bounced back towards 14-year highs, boosted by upbeat comments by the Federal Reserve Chair Janet Yellen last night after yesterday’s incidents in Turkey and Germany. “You are entering the strongest job market in nearly a decade,” Yellen told graduates at the University of Baltimore on […]

SILVER BULLION rallied but struggled to hold above $16 per ounce on Friday in London as gold bounced $10 from yesterday’s new 40-week lows against the US Dollar.   Losing 4.7% from last Friday’s finish, silver doubled the weekly loss in gold bullion – its first weekly underperformance in four.   “We see an increasing risk […]

GOLD PRICES sank to new 10-month Dollar lows Thursday as the US currency surged and Asian stock markets followed Wall Street lower after the Federal Reserve raised its key interest rate for the second time in 12 months.   With the gold price losing $35 per ounce to $1126 between the Fed announcement and lunchtime […]