GOLD BARS traded in the global wholesale market held above yesterday’s near-6 year lows Wednesday in London, as Western stock markets recovered earlier sharp losses and the US Dollar edged back on the currency market ahead of today’s release of notes from the Federal Reserve’s latest “no change” policy meeting in October.   Rising $5 […]

GOLD BULLION set a fresh near-6 year low at the global benchmark LBMA Gold Price in London on Tuesday afternoon, slipping again as world stock markets rose with the US Dollar, and industrial commodities set new half-decade lows of their own.   Clearing on weak demand at a level below $1080 per ounce for the […]

GOLD PRICE gains of almost $15 per ounce faded in London trade Monday, with the metal erasing what analysts and news-wires called “safe haven demand” after the weekend’s terrorist attacks in Paris killed 129 civilians.   Western stock markets reversed their earlier drop, but US Treasury bond prices rose with the Dollar, edging the yield […]

GOLD BULLION lost a brief $6 pop in mid-afternoon trade Friday in London, heading for a 0.6% weekly drop but holding above yesterday’s new 69-month low of $1174 per ounce.   After various Federal Reserve policymakers said overnight they’re minded to raise Dollar interest rates from 0% for the first time since 2008 at the […]

GOLD BULLION slipped to its lowest Dollar price in almost 6 years Thursday lunchtime in London, dropping with the Euro currency and other precious metals as Western stock markets fell hard.   Betting in the futures market put chances that the US Federal Reserve will next month raise its key lending rate from 0% at […]

GOLD DEMAND was again weak at the benchmark London pricing auction Wednesday, finding a clearing price at $1085.90 per ounce – the lowest LBMA Gold Price in more than 4 months – as equities and bond prices world-wide also held in a tight range.   “Global markets,” says a note from French investment and London […]

PRICES to buy gold gave back a $5 pop for the second session running in London’s wholesale market Tuesday, trading back at $1089 per ounce as US stock markets opened lower after a noted Federal Reserve “dove” said he expects interest rates to be raised soon, if slowly.   Boston Fed president Eric Rosengren said late […]

GOLD PRICES dropped a $5 per ounce rally to $1095 in London trade Monday, retreating within 1.1% of late-July’s half-decade lows against the Dollar as Western stock markets fell to erase the gains made following Friday’s much stronger-than-expected US jobs data.   Major government bond prices also fell, pushing interest rates higher again, as New […]

GOLD BULLION sank within $10 per ounce of a near 6-year low in London trade Friday, dropping 1.1% inside 2 minutes as October’s US jobs data showed the strongest rise in net hiring since May and the lowest unemployment rate since February 2008 at 5.0%.   The Euro hit new 7-month lows versus the Dollar […]

GOLD PRICES retreated to yesterday’s new 1-month lows in London trade Thursday, slipping near $1106 per ounce as US bond yields rose further following Federal Reserve chief Janet Yellen’s comment that a rate rise from 0% will be a “live possibility” at the central bank’s December meeting.   New York Fed president William Dudley said […]