SILVER PRICES hit new 6-year lows in London trade Monday, dropping to $13.65 per ounce and falling near 2009 lows against steadier gold prices as industrial commodities sank and Western stock markets fell again ahead of this week’s decision on Dollar interest rates from the US Federal Reserve.   With gold bullion trading above $1070 […]

GOLD PRICES jumped 1.5% in barely an hour in afternoon London trade Friday but silver fell to fresh 6-year lows beneath $13.80 per ounce as world stock markets sank again together with commodity prices.   Crude oil on both sides of the Atlantic lost over 2% to new 7-year lows as US natural gas sank […]

GOLD PRICES slipped back again in London on Thursday, halving last week’s 2.6% gain to trade just above $1071 per ounce as stock markets from China to Europe fell once more but US equities opened higher.   Crude oil slipped again to fresh 7-year lows following news that members nations in the Opec oil cartel […]

GOLD PRICES escaped the worst of a fresh slump to new multi-year lows in other commodities Tuesday, whipping between $1070 and $1080 per ounce as weak Chinese trade data and the cancellation of major miner Anglo American’s dividend to shareholders saw world stock markets drop up to 2.5%.   With iron ore prices falling below […]

GOLD TRADING in London’s wholesale market on Monday held prices near Friday’s 3-week Dollar highs around $1080 per ounce, hit on what analysts agreed was a dash to “short covering” by bearish traders in US futures and options contracts.   Latest data gathered by US regulator the CFTC put the net positioning of ‘managed money’ […]

GOLD PRICES jumped in London trade Friday, erasing the last 3 weeks of losses to new 6-year lows even as new data showed the US trade deficit widening last month to its worst November since 2008.   Separate US jobs data confirmed Wednesday’s private-sector ADP Payrolls report, showing a strong rise in net hiring for November […]

GOLD PRICES jumped in London trade Friday lunchtime, hitting near 1-week highs above $1072 per ounce after new data showed the US trade deficit widening last month to its worst November since 2008.   Separate US jobs data confirmed Wednesday’s private-sector ADP Payrolls report, showing a strong rise in net hiring for November just ahead of […]

GOLD spiked from fresh 6-year lows against the Dollar but sank versus the Euro on Thursday as the single currency jumped despite extended QE and more negative interest rates from the European Central Bank.   Stock markets in the Euro union – the world economy’s single largest currency zone – turned a 1.3% gain into […]

GOLD BULLION prices fell near last week’s new 6-year low of $1053 per ounce in London trade Wednesday after new data said US employment grew at the fastest pace since June in November.   New York’s stock markets held flat as US Treasury bond yields rose from Tuesday’s 1-month low of 2.14%.   Silver also […]

GOLD PRICES retreated to $1066 per ounce in London on Tuesday, a new 6-year low when first reached mid-November, after briefly spiking $10 higher in Asian trade as new data showed China’s manufacturing activity contracting at the worst pace in 3 years.   “Strengthen[ing] expectations of [government] stimulus in the world’s second-largest economy,” according to […]