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. Asian equities fell and Europeans stocks fluctuated on Friday. The Bloomberg Dollar Index that measures the […]
Read MoreGold Prices Drop as Markets Wait for Clues to U.S. Rate Hike, Speculation of a September Rate Increase Creeps Up
Gold Prices were flat this morning in London and then dropped sharply in the afternoon to $1328 per ounce ahead of the Jackson Hole Symposium which starts tomorrow. 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 per ounce adding to […]
Read MoreGold Price Rebounds as Markets 'Waiting-for-Yellen Mode' and Dollar Retreat
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. Asian equities fell and Europeans stocks fluctuated on Friday. The Bloomberg Dollar Index that measures the […]
Read MoreGold Prices Sit Tight as Markets and Investors await Clues at the Jackson Hole Symposium of a U.S. Rate Hike
Gold Prices remained flat ahead of the Jackson Hole Symposium which starts tomorrow. Markets are awaiting Janet Yellen’s speech on Friday for clues whether the Federal Reserve will raise rates this year. Spot gold is trading in tight range on Wednesday in London between $1340 and $1335 per ounce. Silver is also steady trading between […]
Read MoreGold Prices Retreat But Could "Receive Catalyst" from Central Bankers' Meeting in Jackson Hole, Silver Down to Seven-Week Low
GOLD PRICES hit a two-week low on Monday morning in London as the US Dollar traded higher as investors await the much anticipated speech from the Fed Chair Janet Yellen happening this Friday, writes Steffen Grosshauser at BullionVault. Gold tested recent support levels as the metal quickly touched a low of $1331 per ounce before […]
Read MoreGold Price Slips as Dollar 'firmer,' Crude Oil Rising, 'Further ETF outflows'
GOLD PRICE in Dollars slipped to $1345 per ounce on Friday at noon in London from a weekly high of $1358 on Tuesday, a level last seen two weeks ago. The metal however has still added 0.7% on the week so far, as the US currency strengthened and crude oil prices rising. The U.S main […]
Read MoreGold Price Edges Lower as Investors Await FOMC Minutes and Yesterday’s Hawkish Comments from US FED Official.
GOLD PRICES retreated Wednesday lunchtime amid Dollar index rise ahead of FOMC minutes released later today. Gold slipped down 0.7% from yesterday’s high of $1358.10 per ounce to $1348.41. The FOMC minutes are due at 6 p.m. GMT and are likely to reveal a Fed that sees fewer hurdles to an interest rate hike. In its post-meeting […]
Read MoreGold Prices Climb Up as Fed Rate Hike Expectations Recede on Soft Global Economic Data
GOLD PRICES edged higher to $1340 per ounce on Monday morning in London following weaker-than-expected data for the U.S., China and Japan, the world’s three largest economies while global stocks stayed near 1-year highs, writes Steffen Grosshauser at BullionVault. U.S. retail sales were down 0.3% showing a moderation in consumer spending which some market observers […]
Read MoreGold Prices Rally "Loses Steam" as Global Equities Rebound and Dollar Strengthens amid "Possibilities" of Rate Hikes
GOLD PRICES remained range-bound between $1336-1340 on Friday morning in London and is set to be higher on the week, in what some commentators called a “Rally Losing Steam” as global equities rose. The US Dollar remained solid amid strong expectations of a Fed’s rate hike later this year. After the release of worse-than-expected US […]
Read MorePlatinum and Palladium Surge, Gold Prices Gain for 2nd Day as Dollar Drops After Weak US Data
GOLD PRICES rose 0.8% to $1352.49 per ounce this Wednesday lunchtime amid Dollar index decline after weak U.S. productivity figures were published yesterday. Silver prices made a more significant gain of 1.9% to $20.32 per ounce. However, palladium gained the most by climbing as much as 7.6% to $746.38 per ounce this morning, the highest […]
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