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Platinum and Palladium surge, Gold prices gain for a 2nd day amid Dollar drop 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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Gold Bullion Trading Hits 'Dull August', New Futures & Spot Contracts Coming to 'Revive London Liquidity'

GOLD BULLION held flat in dull summer-time trade again in London on Tuesday, moving in a tight 0.3% range either side of $1333 per ounce as world stockmarkets extended their gains of the last month.   Silver also held flat just above 2-week lows, priced at $19.60 in wholesale bullion trade as base metals slipped […]

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Gold Prices 'Negative' After US Jobs Data But ETFs Swell Faster Than China's Reserves

GOLD PRICES extended their hard drop on Monday following Friday’s strong US jobs data, while global stock markets rose with commodities, writes Steffen Grosshauser at BullionVault.   Gold traded between $1330 and $1338 per ounce after experiencing its worst drop in 4 months on Friday’s better-than-expected US payrolls report.   Expectations of faster economic growth […]

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US Jobs Growth Spurs Gold's Worst Drop Since April Fool's Day

GOLD PRICES sank at their fastest pace 4 months Friday lunchtime in London, retreating below $1350 per ounce – and erasing all the week’s previous 1.2% gains vs the Dollar – after the US reported much stronger-than-expected jobs growth for July.   US non-farm payrolls expanded by 255,000 on the government’s first estimate, way above analysts’ consensus forecast […]

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Gold Prices Jump on $220bn of New UK QE and Record-Low Rates, US Jobs Data Weak Before Non-Farm Friday

GOLD PRICES jumped and world stock markets rose with all major government bonds on Thursday after the Bank of England made its first change to UK interest rates in over 7 years by cutting to a new all-time low of 0.25% and announcing up to $220 billion-worth of new quantitative easing following the Brexit referendum […]

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2016 Gold Mining Margins Jump 150%, Put Miners 'In Sweet Spot' But Hedging 'All Short-Term'

GOLD MINING shares slipped from 3-year highs as bullion prices stalled near mid-July’s two-year Dollar highs on Wednesday, while Asian stockmarkets closed sharply lower once more but Japanese government bonds steadied from the last 3 days’ sell-off.   Western equities also stabilized as European banking shares rallied.   US crude oil held below $40 per […]

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Gold & Silver Gain as Stocks & Bonds Drop, JGBs Make 'Bazooka' Move, Euro Banks 'Brutal'

GOLD and SILVER prices rose as Asian and European stockmarkets fell on Tuesday, with gold touching 3-week highs at $1360 per ounce as major government bond prices also fell, driving borrowing yields higher from their recent new record lows.   The Reserve Bank of Australia today cut it main interest rate to a new all-time low […]

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Gold Down, Silver Up as Hedge Fund Bets Hit 6th New Record on the Run

GOLD FELL but silver rose again on Monday in London as European stock markets failed to follow Asian shares higher to new 1-year highs, write Steffen Grosshauser and Adrian Ash at BullionVault.   Gold prices traded between $1346 and $1351 per ounce, holding below the $1355 hit last Friday – the highest level since 12 […]

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Best Gold & Silver Forecasters Revise 2016 Targets Sharply Higher after 26% and 45% Gains to Date

GOLD and SILVER prices rose against a falling US Dollar after the Bank of Japan announced smaller-than-expected policy stimulus Friday and more analysts revised their forecasts sharply higher following this year’s 26% and 45% gains to date.   Gold slipped versus the Euro and Yen however, erasing the last of this month’s earlier gains to […]

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Buy Gold 'to Go Short Politicians' as Fed Holds Rates & QE, Commodity Profits Sink

BUY GOLD prices rose to 2-week highs against the Dollar on Thursday as the US currency fell following yesterday’s “no change” decision on Federal Reserve interest rates and QE.   Gold priced in Dollars touched $1344 per ounce in London wholesale trade, making it the most expensive to buy since July 14 – one week […]

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