GOLD BULLION again gave back a $10 overnight pop on Wednesday in London, falling back to last week’s finishing level at $1183 per ounce for the third session running as world stock markets rose and oil prices jumped on rumors of an Opec output cut.   Western government bond prices slipped, driving 10-year US Treasury […]

GOLD PRICES fell back to last Friday’s 43-week closing low against the Dollar and most other major currencies in London trade Tuesday, dropping over 1% as European stock markets rose but government bond prices fell, nudging interest rates higher.   Gold prices in Shanghai had edged lower overnight as the Yuan strengthened from 8.5-year lows […]

GOLD PRICES jumped 1.2% overnight in Asia to come within $3 of $1200 per ounce, but slipped back in Monday’s London trade as the Dollar reversed an early drop following a bullish forecast for US economic growth under President-Elect Donald Trump from the OECD.   As the US currency regained all its overnight losses towards […]

GOLD TRADING in Asia saw Dollar prices hit a new 43-week low at $1172 per ounce on Friday, driving the premium for bullion settled in China to “extreme” highs of $20 above London quotes.   The metal then rallied $15 in London gold trading to cut its weekly loss to 1.9%, heading for the lowest […]

GOLD PRICES steadied from yesterday’s plunge through $1200 per ounce on Thanksgiving Thursday in London, as quiet trading on the US holiday also saw stocks, bonds, commodities and currencies little changed.   Bullion held to back the value of shares in the SPDR Gold Trust (NYSEArca:GLD) shrank another 13 tonnes Wednesday as gold fell back […]

GOLD BULLION fell through its $1200 floor of the last 9 months Wednesday lunchtime in London, losing 2.4% before steadying just above $1180 per ounce – the bottom of its 2013 price crash – as the biggest jump in 2 years in reported US orders for durable goods saw the Dollar hit fresh 13-year highs […]

GOLD PRICES touched a 3-session high of $1221 per ounce early in Asian trade Tuesday, recovering three-quarters of last week’s 1.6% drop before easing back as world stock markets extended their gains and bond prices slipped again, nudging interest rates higher.   Ten-year US Treasury bond yields held around 2016’s new highs at 2.30%, but […]

GOLD PRICES added $10 per ounce to $1217 in Asian and London trade Monday, recovering half of last week’s 1.6% drop as government bonds also stemmed their post-Trump victory losses.   World stock markets rose again, as did commodities, while the US Dollar eased back from its strongest level against the world’s other currencies since […]

GOLD PRICES rallied off near 6-month lows in London trade Friday, flirting with the $1200 per ounce level as the Dollar rose yet again on the FX market.   Global stock markets held flat overall, as did commodities, while major government bond prices steadied after falling for 8 days straight, nudging yields lower from their […]

GOLD BULLION dropped back to show a loss for the week so far Thursday in London, erasing a $7 pop to $1230 per ounce as Federal Reserve chair Janet Yellen hinted the US central bank is likely to raise its key interest rate at the December meeting.   European stockmarkets fell for a second session […]