GOLD BULLION slipped below $1100 per ounce in London on Monday afternoon, but held onto most of last week’s 3.7% gain after China’s stockmarket fell hard for the third day already this year while Western equities crept higher.   Crude oil hit new 11-year lows as US Treasury bond prices retreated, nudging 10-year yields up […]

GOLD PRICES retreated 1.6% from new 9-week highs against the US Dollar in London trade Friday, dropping back to $1094 after new data said the US economy added 292,000 net jobs in December – almost 50% more than analysts’ consensus forecasts.   The Shanghai stockmarket had earlier ended the day 1.3% higher, cutting its weekly […]

BUY GOLD prices jumped to 2-month highs in Asian and London trade Thursday, gaining over 4% for 2016 so far as China’s stockmarket plunged for the second time in 3 days following a new 5-year low in the Yuan’s exchange rate to the Dollar.   Chinese regulators shut the stock market after just 29 minutes […]

GOLD PRICES rose to new 1-month highs against a rising US Dollar Wednesday morning in London, touching $1088 per ounce as Western stock markets fell again, crude oil hit fresh 11-year lows, and the Chinese Yuan dropped to its lowest Dollar value since 2010.   After the Thomson/Reuters CRB measure of commodity prices lost 26% […]

GOLD PRICES gained versus a rising US Dollar in Asia and London Tuesday, touching $1080 per ounce for the second day running as Beijing intervened to stem a second crash in China’s stock market, and crude oil reversed yesterday’s surge from new 11-year lows despite increased Middle East tensions.   Western stock markets crept higher […]

GOLD BULLION began 2016 jumping over 2% against a falling US Dollar on Monday in London, rising near 1-month highs above $1080 per ounce as global stock markets sank following more weak data from China, the world’s second largest economy.   Small and mid-sized manufacturers continued to cut jobs as 2015 ended, the Caixin/Markit PMI […]

GOLD PRICES rallied from yesterday’s new 6-year benchmark lows in London trade Friday, recovering 1.2% to $1060 per ounce as European stock markets followed Wall Street’s losses by falling over 1% by lunchtime.   Japan’s Topix stock index closed Friday 1.9% down as the Yen jumped against the Dollar after the Bank of Japan surprised […]

GOLD BULLION in London’s wholesale market sank almost 2% to its lowest price since end-October 2009 on Thursday, dropping as world stock markets rose with the US Dollar after the Federal Reserve finally raised its key interest rate from zero after 7 years.   US crude oil contracts fell below $35 per barrel, pulling the […]

BUY GOLD prices jumped near 1-week highs and better against all major currencies in London on Wednesday, regaining the $1070 per ounce level in US Dollar terms ahead of today’s long-awaited decision on interest rates from the Federal Reserve.   Western stock indices also moved higher – as did silver, gaining 3.3% from Monday’s fresh 2009 […]

GOLD PRICES held the $1060 per ounce level in London’s wholesale market Tuesday, trading some 1.4% above this month’s new 6-year low as Western stock markets rallied hard ahead of tomorrow’s long-expected US rate rise from the Federal Reserve.   Crude oil stabilized above yesterday’s plunge near 11-year lows but base metals fell again as the […]