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'Buy Gold' Urges Marc Faber as Brexit Means 0% Chance of Fed Rate Hike

BUY GOLD prices held around last week’s 2-year closing high in Dollar terms Wednesday morning as the US currency slipped on the forex market and world stockmarkets extended their rally from last week’s Brexit bombshell.   Commodity prices rose 0.7% on average, and the single Euro currency edged up towards $1.11 as the Dollar fell, […]

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Gold Prices Retreat on 'Profit Taking' as Stocks Rally, EU 'Flies On 1 Wing'

GOLD PRICES retreated up to 4% from last week’s multi-year Brexit highs versus major currencies Tuesday, testing $1305 per ounce in US Dollars as world stock markets rallied and government bonds eased back from new records.   French and German stock markets rallied back towards Friday’s closing level, reversing yesterday’s further 3% drop.   London’s […]

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Gold Prices Extend Brexit Bombshell Surge as 'Stable' Markets Sink Yet Again

GOLD PRICES pushed up but held below Friday’s Brexit jump to new multi-year highs in London trade Monday, as Western stock markets sank once again following the UK referendum’s decision to quit the European Union.   Gold on Friday made its highest weekly close in London’s wholesale trade since July 2014 against the Dollar, and […]

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Gold Holds Multi-Year Highs as Brexit Shock Hits Eurozone Worst

GOLD‘s Brexit jump to fresh multi-year highs against all major currencies bar the Japanese Yen faded London lunchtime on Friday, but prices held firm as US stockmarkets prepared to open the day sharply lower amid the global rout in risk assets.   London’s FTSE share index rallied to a 4.7% loss thanks to mining stocks, […]

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Gold Prices Jump Fastest-Ever vs Pound on Brexit 'Carnage'

GOLD PRICES leapt at their fastest-ever pace against the British Pound in Asian trade Friday as the UK’s referendum on membership of the European Union showed a 52% vote in favor of leaving. Pro-Remain prime minister David Cameron resigned. Anti-EU UKIP party leader Nigel Farage called for 23 June to become a national holiday – […]

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Gold Prices Drop 10% in GBP from Brexit Peak as 'Remain' Vote Expected

GOLD PRICES touched 2-week lows against the Dollar on Thursday, and fell harder against the Pound and Euros, as financial markets rose amid growing expectation that the UK will vote Remain in today’s Brexit referendum on staying in the European Union.   Eurozone stock markets jumped over 2% as gold prices dipped below $1260 per […]

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Gold Prices Hit 2-Week Low as Brexit Odds Shrink to 1-in-4 But Banks Fear Volatility

GOLD PRICES retreated further on Wednesday in London as stock markets rose amid speculation that the UK will vote to stay in the European Union in tomorrow’s “Brexit” referendum, writes Steffen Grosshauser at BullionVault.   After falling nearly 2% on Tuesday – the biggest 1-day loss in a month – gold prices today touched a […]

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Gold Bullion Retreats as Fading 'Brexit' Odds See Sterling Jump

GOLD BULLION fell hard in London trade Tuesday, extending the last 2 sessions’ drop from multi-year highs as the British Pound jumped but stock markets failed to repeat yesterday’s strong rally on new polls showing Thursday’s UK referendum on EU membership will reject Brexit.   Touching $1315 per ounce last week, gold priced in the […]

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Gold Price Sinks as Brexit Loses Lead in UK Polls, Wipes £50bn onto FTSE

GOLD PRICES sank 1.5% versus a falling US Dollar in Asian and London trade Monday morning, extending Friday’s fall from multi-year highs as world stock markets surged after UK opinion polls showed the Brexit campaign losing momentum ahead of Thursday’s referendum on membership of the European Union.   Having gained less last week, silver fell […]

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Gold Prices Sink from 'Shooting Star' High as UK Brexit Campaign Paused, Stockmarkets Rally

GOLD PRICES edged higher but held sharply below yesterday’s multi-year highs on Friday, as world stock markets extended an overnight rally and major government bonds eased back amid a suspension of campaigning in the UK Brexit referendum on quitting the European Union.   Ending the week 1.3% higher in US Dollar terms at $1280 per […]

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