GOLD PRICES rose sharply against all major currencies except the Yen on Wednesday, touching 1-week Dollar highs ahead of the US Fed’s long-awaited September decision on interest rates as world stock markets rose after the Bank of Japan removed all time limits on its QE money-creation scheme and vowed to push inflation above its 2.0% […]

GOLD BULLION held flat in quiet trade Tuesday as the Federal Reserve began its key 2-day September meeting on US interest rates and a court in China approved the first bankruptcy of a borrower in the country’s $5.4 trillion interbank bond market.   Already rescued by the state-owned China Development Bank in 2015, state-owned metals […]

GOLD PRICES traded higher from the lowest close in more than two weeks on Monday morning in London, while the Dollar weakened at the start of a potentially pivotal week of long-awaited policy meetings at the US Federal Reserve and the Bank of Japan, writes Steffen Grosshauser at BullionVault.    Holdings of the giant SPDR […]

GOLD PRICES retreated near 3-month lows in London on Friday, rallying just $2 per ounce from $1306 as world stockmarkets fell with commodities following stronger-than-expected US inflation data ahead of next week’s Federal Reserve interest-rate decision.   The Bank of Japan also meets to announce policy next Wednesday, with analysts split over whether it will […]

GOLD BAR prices traded in a tight $7 per ounce range Thursday in London, recovering a drop to $1318 overnight as US bond yields eased lower and betting on a US Fed interest-rate hike at next week’s meeting held the odds below 1-in-7.   The Shanghai Gold Exchange was closed for China’s mid-autumn festival, re-opening Monday. […]

GOLD BAR prices traded in a tight $7 per ounce range Thursday in London, recovering a drop to $1318 overnight as US bond yields eased lower and betting on a US Fed interest-rate hike at next week’s meeting held the odds below 1-in-7.   The Shanghai Gold Exchange was closed for China’s mid-autumn festival, re-opening Monday. […]

GOLD BULLION rallied $8 per ounce from yesterday’s 1-week low of $1315 on Wednesday morning as world stock markets steadied from their latest drop following stronger-than-expected bank lending data from China.   The People’s Bank said new lending in the world’s second-largest economy – and its largest gold bullion consumer – jumping 13% year-on-year in […]

GOLD PRICES slipped back towards yesterday’s 1-week low of $1321 per ounce Tuesday in London even as world stockmarkets fell with commodities and the US Vix volatility index rose once again.   Gold prices rallied late Monday after US Federal Reserve governor Lael Brainard called for further delays to a second Fed rate hike, rather […]

GOLD PRICES were little changed Monday morning in London while a rate-hike panic hit other major financial markets after last week’s hawkish Fed comments – plus the sudden announcement of a speech today by a key voter – sparked a big shift in expectations for next week’s meeting, writes Steffen Grosshauser at BullionVault.    Friday’s […]

GOLD INVESTING prices retreated with world equities, commodities and government bond prices Friday in London, slipping to 3-day lows of $1344 per ounce against a rallying US Dollar but holding on track for 0.8% weekly gains after a formerly ‘dovish’ US Fed president warned of “growing risks” from a further delay in raising interest rates. […]