GOLD PRICES jumped against all major currencies bar the Japanese Yen in Asian and London trade Thursday, setting a 22-month high versus the US Dollar after the Federal Reserve held its interest-rate and QE policy unchanged yet again, citing weaker jobs growth, low inflation, and next week’s UK Brexit referendum. The Fed’s inaction was […]
Read MoreGold Prices Slip Before US Fed Rate Decision But 'Time to Start Panicking' as UK Brexit Vote Approaches
GOLD PRICES retreated 0.6% from yesterday’s 1-month high against the Dollar on Wednesday as world stock markets bounced and UK Brexit vote campaigning rolled on ahead of the US Fed’s long-awaited June announcement on interest rates. Silver held at $17.40 per ounce as European stock markets including London gained 1% from Tuesday’s new 4-month […]
Read MorePrice to Buy Gold in Pounds Hits 3-Year High as Brexit Poll Pushes UK Bond Yields Down to 3-Century Record Low
BUY GOLD prices hit near-3 year highs for UK investors and savers on Tuesday as the Pound slumped with world stock markets after a new opinion poll put Leave campaigners well ahead in next week’s ‘Brexit’ referendum on Britain’s membership of the European Union. The new survey by pollsters YouGov for The Times newspaper […]
Read MoreGold Trading at 32-Month GBP High as Brexit Risk Leads 'Safe Haven' Demand
GOLD TRADING in London pushed Dollar prices up to 1-month highs on Monday, touching $1287 per ounce as world stock markets fell after the weekend’s US terrorist shooting in Orlando, weak Japanese manufacturing data, and another shift towards Brexit from opinion polls on next week’s UK referendum on staying in the European Union. Eurozone […]
Read MoreGold ETF & Silver Prices Hit 4-Week High as 'Investment Nerves Fray' Ahead of US Fed Rate Vote
GOLD ETF and bullion prices neared their highest Friday close in four weeks in London today, with wholesale gold rising above $1273 per ounce as world stock markets fell on what news-wires called “frayed investment nerves” ahead of next week’s Federal Reserve decision on Dollar interest rates. Ten-year US bond yields fell towards 3.5-year […]
Read MoreGold & Silver Near 3-Week Highs as Draghi's 'Urgent Warning' Hits Euro
GOLD and SILVER held near 3-week highs against the Dollar in London on Thursday, bucking a sell-off in all other tradable assets bar major government bonds amid fresh worries about Eurozone growth and this month’s Brexit vote on European Union membership in the UK. With gold and silver trading near $1260 and $17 per […]
Read MoreECB's Latest Euro QE Bond Buying 'Unequivocally Good' for Gold Prices as China's Exports Fall Faster
GOLD PRICES recovered the last of late-May’s 4% drop versus the Dollar in London on Wednesday, breaking above what technical analysts called “resistance” at $1252 per ounce as the European Central Bank began a new phase of QE monetary stimulus across the world’s largest single economic bloc. Global stock markets struggled to hold yesterday’s […]
Read MoreGold Bullion Slips as Shanghai's New Price Benchmark Matches London's Century-Old Volume
GOLD BULLION prices rose in Shanghai but slipped in London trade Tuesday, retreating $10 per ounce from yesterday’s near 2-week highs as European stock markets rose sharply following better than expected GDP data. Economic output across the 19-nation Eurozone grew 1.7% annualized in the first quarter – stronger than first estimated and also ahead […]
Read MoreGold Prices Hold $30 Jump, ETFs Expand, as US Fed Backs Off June Rate Rise After Jobs Data
GOLD PRICES held in a tight range 0.3% either side of last week’s finish at $1244 per ounce in Asia and London on Monday, retaining last week’s $30 gains as world stock markets struggled, commodities rose and major government bond yields bounced after Friday’s US jobs report shocked analysts and traders with the worst monthly […]
Read MoreGold Prices Jump 2% on Worst US Jobs Data In 6 Years, June Rate-Hike Odds Slashed to 1-in-25
GOLD PRICES jumped 2.0% against the US Dollar inside 20 minutes Friday as new data shocked analysts, economists and traders by showing the weakest monthly US jobs growth since 2010 and putting a June rate-hike from the Federal Reserve further in doubt. Betting on interest-rate futures slashed the odds that the Fed will hike on […]
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