GOLD PRICES steadied around last Friday’s 23-week closing low in London on Wednesday, trading at $1227 per ounce as European stock markets fell and rumors spread that the Modi Government in world No.2 gold consumer India may formally ban imports of the metal amid the financial chaos caused by last week’s demonetisation of the country’s […]

GOLD ETF holdings have shrunk at their fastest pace since the price crash of spring 2013 since Donald Trump’s US election victory, with the world’s largest gold-backed trust fund starting Tuesday almost 3% smaller as price steadied from their worst drop in 2 years.   Down some 26 tonnes in the last 3 sessions, bullion […]

GOLD PRICES declined to a 5-month low on Monday morning in London as the US Dollar rose on the FX market amid growing expectations that the US stockmarket’s strong gains following Donald Trump’s election victory will see the Federal Reserve raise its key interest rate in December, writes Steffen Grosshauser at BullionVault.   Gold dropped […]

GOLD PRICES rallied off 3-week lows in Asian and London trade Friday, bottoming over 7% below Wednesday’s US election results’ spike at $1251 per ounce as European stock markets ended their ‘Trump bump’ rally and fell with emerging-market equities.   Crude oil fell hard despite a drop in the US Dollar on the FX market. […]

GOLD PRICE gains of 4.5% overnight Tuesday were all erased by the close of London trade yesterday, with a $20 rebound then fading on Thursday as world stock markets extended their rally following Donald Trump’s surprise victory in the US presidential election.   Japan’s Topix index closed 5.8% higher, reversing the previous day’s losses, and […]

GOLD TRADING jumped to record levels on Wednesday as prices whipped the most since the UK’s Brexit referendum shock after Republican billionaire property tycoon and reality TV star Donald Trump was declared US president elect, defeating Democrat rival Hillary Clinton for the White House.   Jumping $75 at one point to touch $1336 – a […]

GOLD PRICES held at $1280 per ounce in London dealing as US voters went to the polls Tuesday to choose between Donald Trump and Hillary Clinton, trading above the moving average of the metal’s last 200 days – a key level according to technical chart analysts.   World stock markets held dead-flat after Monday’s 2.5% […]

GOLD PRICES sank $30 per ounce on Monday morning in Asia and London while the US Dollar and world stock market jumped after yesterday’s statement from the FBI that it found “no criminal wrongdoing” in emails privately sent or stored by would-be president Hillary Clinton, writes Steffen Grosshauser at BullionVault.   With polls putting the […]

GOLD BULLION whipped in a $10 range around what analysts called “the psychologically important $1300 per ounce mark” on Friday, holding a 2.1% gain for the week as the Dollar fell on the FX market following weaker-than-expected US jobs data and tightening opinion polls for next Tuesday’s Trump-Clinton presidential race.   Asian and European stock […]

GOLD PRICES whipped $20 per ounce lower Thursday morning in London, dropping 1.5% from near 1-month Dollar highs even as the US currency fell on the FX market amid central-bank forecasts of rising inflation, new opinion polls for Tuesday’s looming US election, and a successful challenge to the UK’s Brexit process in the High Court.  […]