GOLD PRICES set new 13-month highs near $1280 per ounce Friday in London, swiftly recovering a $25 drop after new US data showed stronger-than-expected jobs growth in February.   Non-farm payrolls expanded by 242,000 on the Department of Labor’s estimate, almost 30% ahead of consensus forecasts.   Average US earnings slipped 0.1% last month, the […]

GOLD PRICES edged higher against a weakening US Dollar in Asian and London hours on Thursday, rising 1.8% from last week’s finish as world stock markets held unchanged in quiet trade.   Major government bonds held also flat overall, as did commodities.   Silver edged up towards $15 per ounce for the third day this […]

GOLD PRICES held firm against a rallying US Dollar in London on Wednesday, trading above $1230 per ounce as Western stock markets failed to extend a strong surge in Asian equities overnight.   After new data Tuesday said US manufacturing recovered a little in February from its worst showing since 2009, private-sector payroll figures from […]

GOLD BULLION came within $6 per ounce of last week’s 12-month US Dollar high in London on Tuesday, setting a fresh 13-month high for Eurozone investors as world stockmarkets rose again and crude oil extended its recovery to 33% from last month’s 13-year lows.   As gold priced in Dollars touched $1247, bullion in Euro […]

GOLD PRICES cut into overnight gains lunchtime Monday in London, writes Steffen Grosshauser at BullionVault, but kept February on track for the sharpest month-on-month rise in Dollar terms since January 2012 as world stockmarkets fell following the G20 meeting of political and central-bank leaders from the world’s biggest economies in Shanghai.   European shares retreated […]

GOLD BULLION held above $1230 per ounce in Asian and London trade Friday morning, on track to reverse most of last week’s 0.9% drop as European stockmarkets followed China higher.   Commodity prices rallied for a second day as major government bond prices eased back, but silver headed for its second weekly fall in a […]

GOLD TRADING held wholesale prices above $1230 per ounce in Asia and London on Thursday morning, with volumes in China’s bullion market setting a new record as the Shanghai stock market closed sharply lower but European equities rallied.   With gold prices trading 16% higher against both the US Dollar and Chinese Yuan since 1st […]

GOLD BULLION jumped even as the US Dollar rose Wednesday, reaching new multi-month highs against the Euro, Sterling and Swiss Franc as Western stock markets sank again with crude oil prices.   US oil contracts reversed the week’s earlier gain, whipping more than 3% for the 21st session out of just 36 so far in […]

GOLD PRICE losses of 1.7% from yesterday were reversed in Asian and London trade Tuesday, taking the metal back above $1220 per ounce as world stock markets reversed Monday’s rally, as did crude oil.   The British Pound slipped again near 7-year lows on the currency market as CEOs and directors from 34 of the […]

GOLD PRICES sank 2% on Monday from last week’s close, dipping near $1200 per ounce as crude oil stabilized, world stock markets rose, and the US Dollar surged on the currency markets thanks to a plunge in the British Pound ahead of the UK’s Brexit vote on EU membership, now scheduled for 3 months’ time. […]