GOLD PRICES held shy of 3-week highs in London on Thursday, trading at $1347 per ounce as the US Dollar fell near 2-week lows against the Euro ahead of today’s European Central Bank decision on interest rates – now negative for commercial banks using the ECB’s deposit facility – and quantitative easing.   Silver retreated […]

GOLD BARS in London wholesale trade rose near 3-week highs against a weakening Dollar and touched 1-month highs against the Chinese Yuan on Wednesday, as poor US data saw traders cut their bets of a US Fed rate rise at the September meeting in 2 weeks’ time.   Service-sector activity in the US suddenly slowed […]

GOLD PRICES rose against all major currencies Tuesday morning in London, nearing 2-week highs in US Dollar terms as world stockmarkets pushed higher together with bond prices.   Wholesale gold bullion prices touched $1335 per ounce, a 2-year high when first seen on the UK’s Brexit referendum result in late June, and adding over $10 […]

GOLD and SILVER prices rose in China but held flat with last week’s close in Dollar terms in London on Monday, trading quietly as the US marked the end of summer with the Labor Day holiday.   India’s stock market lagged a sharp gain in Asian equities, while crude oil initially jumped but eased back […]

GOLD INVESTING prices recovered for a second session against a weakening US Dollar on Friday, again moving higher after new US economic data came in weaker than expected, cutting the odds that the Federal Reserve will raise interest rates this month.   Betting on a US Fed hike from 0.50% to 0.75% at the Fed’s […]

GOLD PRICES held at 2-month lows against the Dollar and fell near post-Brexit lows for UK investors in London trade Thursday as world stockmarkets rose despite worse than expected global manufacturing data.   Commodities rallied from yesterday’s sell-off, with silver holding unchanged on the week so far at $18.68 per ounce.   Japanese manufacturing shrank […]

GOLD BULLION slid to 2-month lows near $1300 per ounce against a rising US Dollar in London trade Wednesday, on track for an August loss as US jobs data beat expectations.   Commodities retreated but global stock markets ticked higher while US Treasury bonds slipped, nudging yields higher, after new data ahead of Friday’s official […]

GOLD BARS traded in London’s wholesale market recovered from their fourth dip below $1320 per ounce in 4 days on Tuesday, returning from the UK’s summer Bank Holiday near 5-week lows as betting rose that the US Fed will raise its key interest rate at this month’s FOMC meeting despite an expected slowdown in US […]

GOLD PRICES rebounded on Friday morning in London from a two-day $20 dip as the US Dollar retreated and European stocks fluctuated before the highly anticipated speech of Fed Chair Janet Yellen at the Jackson Hole symposium, writes Thomas Podvin at BullionVault.   Asian equities fell and Europeans stocks fluctuated, while the Bloomberg Dollar Index […]

GOLD PRICES were flat Monday morning in London and then dropped sharply in the afternoon to $1328 per ounce ahead of the Jackson Hole Symposium which starts tomorrow, writes Atsuko Whitehouse at BullionVault. Markets are awaiting Janet Yellen’s speech on Friday for clues whether the Federal Reserve will raise rates this year. Silver also retreated to $18.66 […]