GOLD BARS in London’s wholesale market held around $1160 per ounce in quiet trade Wednesday, rising back to last Friday’s 44-week closing low ahead of what analysts expect to prive “a fairly anticlimactic” US Fed decision to raise Dollar interest rates.   Entering 2016 with its first hike after 7 years at zero, the Federal […]

GOLD PRICES held $10 per ounce above yesterday’s new 10-month low in London on Tuesday, trading at $1162 as bond prices ticked higher, nudging US Treasury yields down from fresh 18-month highs ahead of tomorrow’s Federal Reserve decision on interest rates.   New data late Monday showed the US federal deficit tripling in November from […]

GOLD MARKET losses to new 10-month lows against the Dollar at $1151 were reversed Monday afternoon in London, with prices rallying $10 per ounce as a drop in China’s stockmarkets saw Western equities hold flat overall.   Asian gold markets had earlier seen the metal break below what technical analysts called “support” at last week‘s […]

PRICES to buy gold in London’s wholesale market headed for a 1% weekly drop Friday, slipping to $1166 per ounce as the US Dollar extended its gains following Donald Trump’s US presidential victory, denting currencies worldwide including China’s Yuan ahead of next week’s Federal Reserve decision on interest rates.   US stockmarkets rose further from […]

GOLD PRICES fell back 0.7% after reclaiming last week’s closing level versus the Dollar once again in London lunchtime Thursday, dropping to $1170 per ounce as the US currency continued its post-Trump victory gains amid a surprise change in policy from the European Central Bank.   Central bank for the 19-nation Euro currency zone, the […]

GOLD PRICES popped $5 per ounce higher to recover last week’s finish at $1177 at the start of New York trade on Wednesday, rallying as world stock markets also rose with government bond prices.   Betting in the futures market now puts 95% certainty on the US Federal Reserve raising its key interest rate for […]

GOLD BARS traded in London – heart of the world’s wholesale bullion market – rallied $15 per ounce from yesterday’s new 9-month low on Tuesday as the US Dollar weakened and major government bonds edged higher.   At Shanghai’s official benchmarking auction overnight in China, where the authorities are apparently curbing import licenses ahead of […]

GOLD PRICES fell to new 6-month lows against the Euro on Monday, dropping below €1190 per ounce for the first time since early June even as the single currency rose following Matteo Renzi’s defeat in the Italian referendum on reforming the constitution.   Priced in US Dollars held above last week’s new 9-month lows, finding […]

GOLD PRICES recovered $10 per ounce from a new 10-month low at $1160 set in Asian trade Friday, heading for a 1.1% weekly loss in London as the Dollar held below this week’s new 13-year highs following new US jobs data in line with analyst forecasts.   The official non-farm payrolls report said the US […]

BUY GOLD prices fell to new 9-month lows in London on Thursday, extending their steepest 1-month decline since the crash of spring 2013 as Western stock markets also fell with government bond prices, pushing interest rates higher ahead of mid-December’s US Fed policy decision.   Ten-year US Treasury yields traded above 2.40% as New York […]