GOLD PRICES held 1-week highs in London’s wholesale market Thursday, trading 1.2% higher for the week so far after notes from the Federal Reserve’s latest policy meeting showed US policy makers keen to keep Dollar interest rates lower for longer.   The US Dollar fell to 6-month lows against the Euro overnight, but rallied Thursday […]

GOLD BULLION erased most of yesterday’s 1.8% gain versus the Dollar on Wednesday in London, falling against all major currencies except the British Pound as world stockmarkets held flat but US bonds slipped ahead of today’s release of minutes from the US Fed’s latest policy meeting.   Edging back to $1220 per ounce, gold bullion […]

GOLD PRICES clipped a 1.8% overnight jump in London trade on Tuesday, holding at $1232 per ounce as Western stock markets fell sharply.   Gold priced in Euros touched 3-day highs at €1087 per ounce as Greece’s economy minister George Stathakis said Athens will fail to raise the €50 billion planned from privatizing state assets, […]

GOLD PRICES edged lower to $1216 per ounce on Monday morning in London, writes Steffen Grosshauser at BullionVault, but held above Friday’s near 6-week low as the US Dollar traded around 5-month lows on the currency markets.   Major government bond prices also slipped, nudging yields higher as European equities gained over 1%.   China’s […]

GOLD PRICES fell to 3-day lows against a falling Dollar lunchtime Friday in London, dropping to $1223 per ounce after stronger-than-expected US jobs data.   Adding 10,000 more jobs than the 205,000 analysts forecast in March, the US economy however showed a 5.0% unemployment rate on the official Non-Farm Payrolls data, just higher from the […]

GOLD PRICES fluctuated in a $10 range around $1238 per ounce on Wednesday morning in London after sharp overnight gains, buoyed by a weaker U.S. dollar and Fed’s chair Janet Yellen indication that the U.S. central bank should “proceed cautiously” in raising interest rates, writes Steffen Grosshauser at BullionVault. Gold rallied by almost 2% from […]

GOLD PRICES rallied 0.5% from a 1-month low in London trade Thursday, going into the long Easter Bank Holiday weekend almost 3% below last Friday’s finish as global stock markets swooned, and bond prices rose, following new comments from a US Fed policymaker on a possible rate hike ahead.   “The next rate increase may […]

GOLD PRICES slid 2.5% to 3-week lows at $1220 per ounce Wednesday morning as the Dollar rose on the FX market and world stock markets crept higher as Brussels police continued to hunt suspects in yesterday’s deadly terrorist attacks.   Government bond prices retreated, and US crude oil lost 1.3% to drop towards $40 per […]

GOLD BULLION recovered most of yesterday’s 1.1% drop against the Dollar in London trade Tuesday as stockmarkets slipped amid news of two terrorist attacks in Brussels, killing 34 people.   The Euro dropped almost 1 cent near 1-week lows against the Dollar before recovering to $1.1226, while European government bond prices gave back an early […]

GOLD PRICES dropped 1% on Monday from their second-highest weekly close in 13 months, writes Steffen Grosshauser at BullionVault, edging down to $1243 per ounce as the US Dollar rallied from its lowest level on the FX market since October.   Asian stocks rose sharply, but Europe and New York equities slipped after finally getting […]