GOLD PRICE gains from overnight were swiftly erased near 4-month highs in London trade Thursday, with spot bullion retreating 1.2% inside 15 minutes after the release of stronger US data on inflation and jobs.   Jobless benefits claims fell last week to new 8-year lows. So-called “core” consumer prices rose 1.9% per year in September, but […]

GOLD PRICES set new 16-week highs in London trade Wednesday, touching their 200-day moving average – a ‘key’ chart level according to many technical analysts – as weak Chinese inflation data were followed by news of a sharp drop in US retail sales in September.   The Dollar fell near 1-month lows against the Euro […]

GOLD PRICES regained most of an earlier 1.5% drop from yesterday’s 3-month Dollar high in London on Tuesday, trading back above $1165 per ounce as US Fed officials disagreed about the odds of a December rate rise, and New York stock markets followed Europe and Asia lower following poor Chinese trade data.   China’s trade […]

GOLD PRICES rose near 3-month highs in London trade Monday morning, briefly touching August’s high at $1169 per ounce as the US Dollar fell on the FX market and a strong rise in Asian stock markets failed to buoy European shares.   Silver meantime failed to break back above $16 per ounce however, and gold […]

GOLD TRADING in London saw prices hold firm on Friday, recording the highest weekly close at the benchmark LBMA auction in 7 weeks at $1151 per ounce.   World stock markets also rose to 7-week highs in aggregate following Thursday’s release of minutes from the US Federal Reserve‘s September policy meeting, which showed only 1 member […]

BULLION PRICES rallied from an overnight drop Thursday in London, recovering after China’s key markets returned from a week-long holiday to find gold and silver trading 2% and 6% higher respectively in Yuan terms.   Prices fell from the start of trade in Shanghai, dropping 0.8% for gold bullion and almost 4% for silver by […]

GOLD BULLION failed to hold above $1150 per ounce for the second session running in London on Wednesday, edging back to $1145 as silver crept back above $16 for a 10% gain in 1 week.   European stock markets meantime cut earlier gains back near zero for a third day in succession, as New York […]

SILVER PRICES exploded for a third day running in London on Tuesday, jumping another 3% to reach what technical analysts called key technical levels at $16.05 per ounce and outpacing gold as the Dollar weakened following the worst US trade deficit data for 7 years.   Reversing all of the last 3 month’s drop to […]

GOLD PRICES eased but held 90% of Friday’s $30 jump in London trade Monday, sitting above $1135 per ounce as world stock markets extended the strong rebound in New York equities following last week’s surprisingly weak US jobs data.   Japan’s Nikkei added 1.8% and France’s CAC40 rose 3.5%, while silver jumped ahead of gold […]

GOLD PRICES jumped almost $25 in 15 minutes on Friday after new US jobs data said non-farm payrolls grew much less in September than analysts forecast.   Western stock markets slashed earlier strong gains but US Treasury bonds leapt, driving the yield on 10-year debt down to 1.95% – the lowest level since April.   […]