GOLD TRADING in London edged prices higher from a new 2-week low hit against the weakening US Dollar overnight Wednesday in China and Asia, as global stock market extended their recovery from start-July’s Brexit shock lows to 3.5%.   Oil prices eased back but silver held above last week’s closing level, trading at $20.35 per […]

GOLD BULLION fell hard in Asian and London trade Tuesday, erasing most of last week’s 1.8% gain versus the US Dollar as stockmarkets surged everywhere except London, where allies of new UK prime minister Theresa May said she won’t “rush” to start Brexit negotiations with ex-European Union partners when she moves to 10 Downing Street […]

GOLD PRICES fell over $15 per ounce against the Dollar on Monday, retreating to $1351 per ounce before regaining half that 1.1% drop as world stock markets surged and commodity prices rose on what headline writers worldwide called “stimulus hopes” across Asia and Europe.   “China June inflation eases further, more policy stimulus anticipated,” said […]

GOLD PRICES whipped violently Friday on news of the strongest growth in US employment since October, recovering all of a sudden 2% plunge to head for the highest weekly close since March 2014 as traders continued to bet that the Federal Reserve won’t raise interest rates anytime soon.   The US government’s first estimate of […]

GOLD BULLION slipped $15 per ounce from yesterday’s new 3-year highs at $1375 in London trade Thursday morning, dropping as European stock markets rallied despite the UK’s continued paralysis over starting Brexit negotiations with the remaining European Union.   Average UK house prices rose 8.4% per year in June to new record highs, said the Halifax mortgage […]

GOLD PRICES in GBP touched new 3-year highs at £1070 per ounce on Wednesday as the British Pound sank to new 3-decade lows on the currency market amid a fresh plunge in world stock markets, commodity prices and government bond yields.   Sterling’s Dollar value (GBP/USD) sank to $1.28 in overnight Asian trade, while gold […]

GOLD PRICES edged briefly back above $1350 in London Tuesday lunchtime, recovering an overnight drop of $13 per ounce but failing to re-test Monday’s failed attempt at making fresh 2-year highs as world stock markets fell, bond prices jumped, and the British Pound sank to new multi-year lows despite a vow that the Bank of […]

SILVER TRADING sent prices shooting higher overnight Monday, touching 2-year highs above $21 per ounce as Asian stockmarkets also rose sharply amid talk of fresh central-bank stimulus to avoid economic damage from the UK’s Brexit vote to leave the European Union.   That crushed the Gold/Silver Ratio of the two precious metals’ relative prices to […]

GOLD and SILVER both headed for new multi-year weekly closing highs in London trade Friday, extending their strongest 6-monthly gains since summer 2011 after the UK’s Bank of England said it is poised to start new quantitative easing money-creation and bond-buying in response to last week’s ‘Leave’ decision in the Brexit referendum.   Having repeatedly […]

GOLD PRICES held tight at this week’s opening level on Thursday in London, trading at $1317 per ounce as the rebound in Western stock markets stalled and the leadership race for both the UK’s ruling and opposition political parties grew yet more fractious.   The US Dollar and Japanese Yen eased further back however from […]