GOLD PRICE losses of 2.4% for the week so far held firm in London trade Wednesday as global stock markets rose sharply and new US jobs data put net hiring in the world’s largest economy just ahead of analyst forecasts for October.   Latest US trade data were also better than expected, showing the smallest […]

GOLD BULLION retreated to new 1-month lows beneath $1130 per ounce Tuesday in London, dropping some 5.6% from mid-October’s peak as world stock markets edged back from new 2.5-month highs.   Silver bullion held just above Monday’s new 1-month low at $15.30 per ounce – more than a Dollar below last week’s spike to 4-month […]

BULLION PRICES fell to new 4-week lows in London on Monday, with gold edging $5 per ounce lower to touch $1136 in quiet trade – and silver sliding 6% from last week’s spike – as European stock markets shrugged off weak manufacturing data which earlier saw Asian shares drop almost 2% for the day.   Strong UK manufacturing […]

GOLD BULLION fell for a third day running in London trade Friday, sliding to dip below $1140 per ounce for the first time in 3 weeks as the Dollar fell after weak US income, spending and inflation data.   Silver also slipped again, dropping 5% from Wednesday’s sudden 4-month highs to trade at $15.51 per […]

GOLD PRICES fell further on Thursday in London, dipping below $1150 per ounce for the first time in 3 weeks to trade 2.7% below yesterday’s 2-week high – hit just before the US Federal Reserve announced no change to its zero interest rate policy, now in place since December 2008.   Only 1 member of […]

SILVER BULLION jumped to new 4-month highs Wednesday in London, outpacing 2-week highs in gold as Western stock markets also gained ahead of the US Federal Reserve’s latest policy announcement – widely expected to leave its key interest rate below 0.25% for the 84th month running.   Crude oil rebounded over 3% after new data […]

GOLD PRICES held in a tight 0.5% range for the second day running in London on Tuesday, trading again around last week’s finish at $1165 per ounce as crude oil fell but US stock markets also held flat ahead of tomorrow’s October interest-rate decision from the US Federal Reserve.   European equities fell, dropping 0.9% […]

GOLD PRICES jumped Friday lunchtime in London, rising 0.7% in 15 minutes after the People’s Bank of China cut its key interest rate for the 5th time in a year.   With 1-year deposits now set to pay just 1.5% from tomorrow – below September’s official pace of inflation – Beijing also cut the reserve […]

GOLD BULLION held steady in most major currencies Thursday in London, but crept higher to recover half of yesterday’s 1.1% drop against the Euro as the European Central Bank kept its interest rates and QE policy unchanged.   Refinancing rates stay at 0.05%, with deposit accounts at the ECB continuing to cost commercial banks choosing […]

GOLD PRICES fell to 1-week lows in London trade Wednesday afternoon as Western stock markets cut earlier gains and crude oil tumbled following news of a dramatic build in US energy stockpiles.   Total US crude oil stocks grew by more than 8 million barrels last week, the Energy Information Agency said, the fastest accumulation […]