GOLD PRICES rose to 1-month highs above $1300 per ounce Wednesday in London, gaining for the fourth day running ahead of November’s Federal Reserve decision on Dollar interest rates – its last before the bitter US presidential campaign peaks with next Tuesday’s vote. World stock markets fell again as new opinion polls showed Republican […]
Read MoreGold Bullion at 1-Month High as CME Joins London Futures Contract Race
GOLD BULLION jumped to 1-month highs against a weakening US Dollar in London trade Tuesday, touching $1288 per ounce as Comex futures rose in New York and major Western government bond prices fell, driving yields higher ahead of tomorrow’s US Fed decision on interest rates, following much stronger-than-forecast Chinese manufacturing data. London and European […]
Read MoreGold Prices Firm, Silver Near 4-Week High But Clinton-FBI Boost 'May Not Last'
GOLD PRICES traded near $1275 per ounce on Monday morning in London, holding firm against a strong US Dollar as stock markets fell amid US presidential candidate Hillary Clinton’s demands for details of the FBI’s latest probe into her private emails to be made public before next week’s election, writes Steffen Grosshauser at BullionVault. […]
Read MoreLibya Rejects Selling Gold Bullion, China Imports +10% on 2015 But World Jewelry Demand 'Appalling'
GOLD BULLION rallied but failed to regain yesterday’s 3-week highs in Asian and London trade Thursday morning, holding little changed for the week against a rising Dollar at $1268 per ounce as world stock markets slipped once again. Reviewing its new July-to-September data, “For the third successive quarter physical demand for gold remained at […]
Read MoreGold Price 'Resilient' as Dollar Rises, Beijing Curbs Yuan Selling, Pound Whips on 'Hard Brexit' Talk
GOLD PRICES slipped $5 per ounce from 3-week highs in London trade Wednesday morning, but held a 0.4% gain for the week so far at $1271 as world stock markets extended Wall Street’s late losses and the US Dollar continued to rise. The Dollar touched fresh 6-year highs versus the Chinese Yuan, but Shanghai […]
Read MoreChina's Gold Investing Seen Rising But Jewelry Sales Plunge, India 'Dead' as Yuan Sinks
GOLD INVESTING prices rose back near $1270 per ounce in London trade Tuesday, gaining some 0.3% for the week so far as world equity prices rose, major government bonds slipped, and the ‘offshore’ Yuan – known as CNH, traded outside China, and so moving more freely than the onshore CNY – set new lifetime lows […]
Read MoreGold Prices Rise After GLD Shrinks Fastest Since 2013 Crash, Comex Specs Back to March
GOLD PRICES rose above $1270 per ounce Monday lunchtime in London, extending last week’s first gain in four as the Dollar retreated from a fresh 8-month high on the FX market, write Steffen Grosshauser and Adrian Ash at BullionVault. This week brings key third quarter US GDP data, seen by many analysts as crucial […]
Read MoreGold Bars Go to $6 Premium in China as Yuan Hits Fresh 6-Year Lows on Capital Outflows
GOLD BARS traded in London’s wholesale market steadied against the rising US Dollar Friday, heading for a solid weekly gain versus all major currencies as the Chinese Yuan hit fresh 6-year lows on the FX market. Premiums for gold bars settled in Shanghai ended the week $6 per ounce above comparable London quotes, well […]
Read MoreGold Bullion Firm, China & India Premiums 'Do Matter to Prices' as ECB Silent on QE
GOLD BULLION held above $1270 per ounce Thursday lunchtime in London, trading $20 higher for the week so far as China’s key market held firm and Indian prices rose to a premium above the global benchmark for the first time since January. The Euro currency jumped to 2-day highs against the Dollar at $1.10 […]
Read MoreGold Prices Jump Above 'Resistance' After LBMA Conference, China's GDP Growth 'Not All Good News'
GOLD PRICES touched 2-week Dollar and Euro highs above $1270 per ounce Wednesday lunchtime in London, as US bond prices slipped, global stock markets held flat, and wholesale bullion traders worldwide got back to work after the market’s premier annual conference ended last night in Singapore. The London Bullion Market Association conference “is often […]
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