GOLD PRICES slipped Monday morning, dropping $12 per ounce below last week’s 2.5-month high as China’s stock market rallied at its fastest since 2015 on a raft of ‘support’ promised by Beijing, writes Atsuko Whitehouse at BullionVault. Europe and other Asian equity markets rose less steeply, while gold prices traded down to $1221.50 per […]
Read MoreGold Prices Make Best Run Since January as Italy's Bond Spread Hits 340bp, US Threatens China, Saudi
GOLD PRICES slipped but held on track for the highest Friday finish since July for Dollar and Euro investors today, as the United States issued what one analyst reckons is a “final warning” to China over currency manipulation and Italy’s cost of borrowing rose to new 5-year highs compared to German Bund yields. Trading […]
Read MoreShort Covering in Gold Market 'Could See $1300' as Fed's 2019 Rate Hikes Hit Equities, Commodities
GOLD MARKET prices in the wholesale hub of London briefly slipped below $1220 Thursday morning after the US Federal Reserve signalled its commitment to continue raising Dollar interest rates in 2019. Prices in the professional bullion market then rallied $5 per ounce as China’s stock market closed the day at a new 4-year low […]
Read MoreGold Prices Firm Despite 'Resilient US Dollar', Waiting for 2019 'Trigger in Stock Market'
GOLD PRICES held firm Wednesday in London, trading $10 per ounce above last week’s finish even as the Dollar rallied on the currency market. Crude oil edged back after 3 sessions of gains amid worsening political tensions over the apparent murder of a US-based Saudi journalist in Istanbul. Asian equities rose for a […]
Read MoreHungary's Central Bank Joins Poland to Buy Gold as GLD Expands Again, India 'Robust' Ahead of Diwali
DEMAND to buy gold from central banks led bullion-market headlines on Tuesday, while the metal held near yesterday’s 12-week highs versus a falling US Dollar. World stock markets bounced from their week-long drop, but London’s FTSE index held flat as UK Prime Minister Theresa May met with her Cabinet to try and rescue her […]
Read MoreGold Prices Hit 12-Week High as Comex Bears Retreat from Record Short Betting
GOLD PRICES rose in London trade Monday, touching its highest Dollar price since late-July as world stock markets extended last week’s steep falls. Rising to $1233 per ounce, gold prices set multi-month highs against most major currencies, reaching €1065 for Eurozone investors and £936 in Sterling as talks between the UK and European Union […]
Read MoreStock Market Slump Sees Gold Prices at 11-Week High as UK Plans for 'Unlikely' No-Deal Brexit
GOLD PRICES headed for their highest Friday close in 11 weeks in US Dollar terms in London today, holding onto most of yesterday’s 2.8% jump to trade above $1223 per ounce as world stock markets bounced from their sharpest drop since February. Noting this week’s “sea of red spattered across equity investors’ screens”, bullion […]
Read MoreGold Price Up as Trump's 'Stock Correction' Worsens, GLD Snaps Longest-Ever Run of No Growth
GOLD PRICES touched a 3-week high of $1210 per ounce in London trade Thursday as global stock markets fell yet again and the US Dollar retreated once more on the currency market. Commodities also fell, with crude oil dropping to new lows for this month at $81 per barrel of Brent but silver edging […]
Read MoreGold Prices Fall Even as Italy Pays Bond Investors More Than Greece, Brexit 'No Deal' Now Evens
GOLD PRICES failed to hold a rally above $1190 per ounce for the second day running in London trade Wednesday, dropping back as the US Dollar rose and world stock markets fell again amid fresh worries over Italy’s government deficit and the UK’s impending Brexit from the European Union. The Chinese Yuan held its […]
Read MoreFalling Gold Price 'Needs More Volatile Stocks' Plus 'Dollar Crash'
GOLD PRICES failed to hold a $5 bounce in London trade Tuesday morning, dropping back to $1186 per ounce as world stock markets fell with government bond prices, driving longer-term interest rates higher as the Dollar also rose on the currency market. “It [is] a moment to cool down the temperature,” said a European […]
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