GOLD PRICES briefly recovered the week’s 1.6% losses against the Dollar on Friday in London, spiking to $1293 per ounce after US government data said new job creation badly missed analyst forecasts last month. Gold then slipped back, however, trading down to $1287 as silver retreated to $17.40 per ounce – down some 2.5% […]
Read MoreGold Prices Rally Ahead of Key US Jobs Data as China's Gold Demand Falls, Trading Jumps
GOLD PRICES recovered one-third of this week’s 2.4% drop from 16-month highs above $1300 per ounce on Thursday in London, rallying as the Dollar paused its rise following weaker US jobs data. Silver again extended the move in gold, jumping 2.5% from yesterday’s 1-week low to touch $17.61 per ounce as the start of […]
Read MoreGold Bullion Bounces as Dollar Falls on Worst US Jobs Data Since Jan 2014
GOLD BULLION dipped below $1280 per ounce in London trade Wednesday, retreating more than 2% from Monday’s near 18-month high before jumping over $10 after new data showed the US economy added the fewest jobs since January 2014 last month. World stock markets fell once again, and the US Dollar slipped from its highest […]
Read MoreGold Price 'Hits Resistance at $1306' as GLD ETF Adds Most Metal Since 2011 Peak, US Attacks 'FX Manipulators'
GOLD PRICES held unchanged from last week’s close in London trade Tuesday, returning from the May Bank Holiday at $1295 per ounce as world stock markets fell with a weakening US Dollar. European stock markets returned from May Day to drop 1.5%, while commodity prices extended yesterday’s 1% fall. Tokyo’s Nikkei index yesterday […]
Read More'Patient' Fed Sends Silver to 13-Month High But Demand to Buy Gold Already Dented by Q1 Jump
BUY GOLD prices headed for their 4th sharpest weekly rise of 2016 to date on Friday in London, coming within $2 per ounce of March’s 13-month peak as world stock markets fell with the US Dollar and commodities edged higher again. The Dollar fell near 3-month lows against the British Pound and 2-week lows […]
Read MoreFed & BoJ Indecision See Gold Prices Jump, Yen Leaps as Dollar Falls with Stocks
GOLD PRICES touched a 1-week high Thursday lunchtime in London, reaching $1259 per ounce as the Dollar fell with world stockmarkets as the Bank of Japan followed yesterday’s “no change” decision from the US Fed by also voting to maintain current policy, rather than increase stimulus. Tokyo’s Nikkei index sank 3.6% by the close, […]
Read MoreGold/Silver Ratio Drops Fastest Since Start-2012 Ahead of US Fed Decision
GOLD and SILVER bullion held firm ahead of the US Federal Reserve’s latest policy decision, due later on Wednesday, Asian stock markets slipped and European equities held flat as the start of New York trade approached. The S&P 500 index of America’s largest listed businesses closed last night 3.2% higher from the last […]
Read MoreGold Bullion Slips 'But Supported by Tame Fed' as Dollar Falls, China Default Fears Rise
GOLD BULLION erased an overnight 0.6% gain versus the falling Dollar in London on Tuesday, trading back at $1232 per ounce as Asian stock markets shrugged off yesterday’s drop in US equities but European shares held flat ahead of tomorrow’s Federal Reserve decision on US interest rates. Major government bond prices ticked higher, nudging […]
Read MoreGold Prices 'Correcting', Comex Silver Bets Hit 2nd Largest Ever Ahead of Fed Decision on Dollar Rates
GOLD PRICES held flat Monday morning against a falling US Dollar, trading up to $1236 per ounce as the US currency retreated from 3-week highs versus the single currency Euro ahead of this coming Wednesday’s April decision on interest rates from the Federal Reserve, writes Steffen Grosshauser at BullionVault. Asian and European stock markets […]
Read MoreSilver Adds 6.7% for Week But 2016 Gold Price Gains 'Under Threat' Ahead of Fed
GOLD PRICES held flat in London trade Friday, keeping a 0.9% gain for the week against a rallying US Dollar but staying almost $25 per ounce below yesterday’s sudden spike to 1-months highs at $1270. European stock markets slipped again as Euro gold prices added 1.1% for the week. Commodity prices meantime stalled […]
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