GOLD PRICES rallied almost $10 per ounce from Friday’s new 6-year lows in London trade Monday, rising against all major currencies as Western stock markets bounced from earlier losses and mining shares outperformed, adding 1.4% to the PHLX Gold/Silver Sector (INDEXNASDAQ:XAU). Hitting $1062 as New York trade opened after the Thanksgiving and Black Friday […]
Read MoreBlack Friday Sees Gold Hit New 6-Year Discount, 'Only 1 in 10' Signs of Capitulation
GOLD PRICES sank to new 6-year lows against the Dollar in London trade on ‘Black Friday’, dropping 1.1% inside 20 minutes as Western equities rallied following the sharpest drop in China’s stock market since this summer’s crash. With China’s financial regulator now investigating the country’s top 3 brokerages, the SSE Composite Index lost 5.5% […]
Read MoreBlack Friday Sees Gold Price Hit New 6-Year Discount as China's Brokers Lead 5.5% Slump
GOLD PRICES sank to new 6-year lows against the Dollar in London trade on ‘Black Friday’, dropping 1.1% inside 20 minutes as Western equities rallied following the sharpest drop in China’s stock market since this summer’s crash. With China’s financial regulator now investigating the country’s top 3 brokerages, the SSE Composite Index lost 5.5% […]
Read MoreGold Price 'Like Watching Dry Paint' with US Shut for Thanksgiving, India & China Demand at Issue
GOLD PRICES held flat in quiet London bullion trade Thursday, lagging a 2% rise from new multi-year lows in copper and platinum as European stock markets gained over 1%. With US markets shut and US economic data suspended for Thanksgiving, “This isn’t like watching paint dry,” said one London bullion trader. “It’s like […]
Read MoreGold Trading Slips, Price 'Blocked' by US Fed Rate Expectations as Russia-Turkey Tensions Rise
GOLD PRICES retreated towards last week’s near-6 year lows in London trade Wednesday, unmoved by worsening tensions between Turkey and Russia over Syria as bond prices slipped ahead of next month’s interest-rate decision from the US Federal Reserve. Global trade body the London Bullion Market Association today reported a “strong, positive response” on Wednesday […]
Read MoreGold Bullion 'Moving Randomly', Hits Record Gap Over Platinum as US GDP Revised Up, Nickel Hits 2003 Low
GOLD BULLION rose 1.3% in London on Tuesday from overnight lows in China and Asian trade, touching $1080 per ounce – and setting a new all-time premium over platinum prices – after Turkey confirmed shooting down a Russian fighter jet near the Syrian border. Western equity markets fell badly, and US Treasury bond prices […]
Read MoreGold 'Risks ETF Sell-Off' at $1000 as Saudis Try to Boost Oil Price, US Fed Split Over 2% Inflation
GOLD PRICES retreated near last week’s new 5.5-year lows in Asian and early London trade Monday, holding above $1065 per ounce as crude oil bounced hard from near 6-year lows following a surprise announcement from major Opec cartel member Saudi Arabia. Silver also rallied, reversing 2% losses to new 6-year lows beneath $14 per […]
Read MoreGold 'Risks ETF Sell-Off' at $1000 as Saudis Buoy Crude Oil, US Fed Split 2% Inflation
GOLD PRICES retreated near last week’s new 5.5-year lows in Asian and early London trade Monday, holding above $1065 per ounce as crude oil bounced hard from near 6-year lows following a surprise announcement from major Opec cartel member Saudi Arabia. Silver also rallied, reversing 2% losses to new 6-year lows beneath $14 per […]
Read MoreGold Price Flips at $1080 as Fed 'Set On Hike', Eurozone Vows to Inflate, India's Gold Bond Scheme Launch Fails
GOLD PRICES edged back after recovering last week’s finish late Friday in London, trading 1.3% above Tuesday’s near 6-year low at $1065 per ounce as Western stock markets rose with the Dollar following fresh hints from US Fed policy-makers that a December interest-rate rise is a foregone conclusion. “We have done everything we can […]
Read MoreGold Price 'Probing' Key Long-Term & Elliott Wave Level at $1080 as Baltic Dry Shipping Rate Sinks
GOLD PRICES rose 1.6% in 3 hours Thursday afternoon in London, recovering all the week’s previous losses to new 6-year lows to trade at $1083 per ounce as Western stock markets erased earlier gains and global shipping rates hit new all-time lows on the Baltic Dry index. The US Dollar retreated towards its weakest […]
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