GOLD PRICED in US Dollars touched new 5-week highs and the metal touched 1-month highs against the Euro on Thursday as European Central Bank chief Mario Draghi disappointed traders looking for yet greater monetary stimulus from the world’s largest single currency zone.   Silver meantime leapt more than 2% for the third day running, touching […]

SILVER PRICES jumped once again on Wednesday, leading gold for the 9th trading day of 14 so far in April as Western stock markets struggled to extend the last week’s run of gains.   The US Dollar stemmed its fall at new 1-week lows to the Euro of $1.13880, helping gold for Eurozone investors climb […]

BUY GOLD prices in the wholesale market hit 4-session highs above $1250 per ounce Tuesday lunchtime in London, building on strong overnight gains starting when China’s Shanghai Gold Exchange held its first-ever afternoon benchmarking auction.   The price of silver meantime leapt almost 5%, hitting its highest Dollar level since May 2015 above $17 per […]

GOLD PRICES rose Monday morning in London as oil prices stabilized from a sharp plunge following news that major producer nations had failed to reach an agreement on cutting output this weekend in Doha, Qatar.   European stock markets recovered early losses but Asian equities closed sharply lower, plummeting from the highest weekly close in […]

GOLD PRICE losses of 0.7% for the week held into afternoon trading in London on Friday, with wholesale bullion failing to reverse yesterday’s drop even as world stock markets slipped back from new multi-month highs despite solid economic data from China.   Beijing reported GDP growth of 6.7% for the first quarter of 2016, in […]

GOLD PRICES failed to hold a rally from 1-week lows in London on Thursday, dropping back towards what technical analysts called ‘support’ around key moving averages as Western stock markets erased earlier losses following yesterday’s sharp gains to multi-month highs.   Singapore surprised traders and analysts by easing its monetary policy, aiming for 0% appreciation […]

GOLD BULLION prices sank $20 per ounce from yesterday’s new 4-week highs above $1260 in London on Wednesday morning, erasing all of the week’s previous 1.8% gain as world stock markets rose sharply following better-than-expected trade data from China.   The world’s second-largest economy saw imports slow their decline to 7.6% per year while exports […]

GOLD BULLION rose near 4-week highs against the Dollar and 3-week highs for Euro investors Tuesday morning as world stock markets ticked higher following a fresh government-backed bail-out for Italy’s banks, now facing bad debts worth €360 billion.   Eurozone bail-out talks with Greece were meantime suspended as the International Monetary Fund and Berlin continued […]

GOLD PRICES rose to 3-week highs above $1250 per ounce on Monday in London as the US Dollar extended its decline against other major currencies, writes Steffen Grosshauser at BullionVault.   Eurozone investors wanting to buy gold saw it trade just €1 shy of €1100 per ounce – an 8-month high when first reached 9 […]

GOLD PRICES headed for a 1.0% weekly gain in London dealing Friday, recovering half a $10 mid-morning drop as Western stock markets rose for a second day to recover last Friday’s closing levels.   The best weekly gain in five, that put US Dollar gold prices at $1235 per ounce as government bond prices eased […]