GOLD BULLION rallied 0.7% from new 2-week lows in London trade Thursday as the Dollar dropped following the weakest data on US manufacturing activity since 2013.   New York stock markets also slipped after the Institute for Supply Management said its manufacturing PMI index fell last month from 51.1 to 50.2 – only just showing […]

GOLD BULLION prices fell to 2-week lows in London trade Wednesday after new US data showed jobs hiring stronger than analysts forecast.   Dropping to $1119 per ounce – a level identified by several bullion analysts as today’s ‘moving average’ of the last 2 months’ prices – gold bullion fell as the US Dollar gained […]

GOLD PRICES recovered from a near 1-week low beneath $1125 per ounce in London on Tuesday, trading 0.6% higher against a rising Dollar following better-than-expected US consumer confidence data.   Priced in the Euro, gold rallied 1.0% from its first drop below €1000 in 8 sessions.   Inflation in Germany turned negative this month for […]

BULLION prices fell sharply in London trade Monday, cutting 1.4% off gold and 3.8% off silver as Western stock markets dropped and base metals sank with crude oil prices.   Dropping to $1130 and $14.54 per ounce respectively as the Dollar edged higher on the FX market, gold and silver bullion both erased last week’s […]

GOLD BULLION held around $1145 per ounce late Friday afternoon in London, nearing its second weekly gain in a row but trading $10 below yesterday’s 1-month high as Western stock markets rose sharply following new comments on US interest rates from Fed chair Janet Yellen.   Bloomberg News meantime reported a private letter from mining-backed […]

GOLD PRICES jumped 1.7% as New York trade started on Thursday, hitting 1-month highs as US equity markets followed Euro stocks sharply lower and platinum-group metals rallied despite a further drop in broad commodity markets.   US Treasury bonds also hit 1-month highs, pushing 10-year yields down to 2.06%.   Bullion’s benchmark price auction in […]

GOLD PRICES rose 1% against the US Dollar in Asian and London trade Wednesday, recovering two-thirds of the earlier drop from last Friday’s near-3 week highs after new data said China’s economic slowdown is worsening.   Platinum rallied 0.5% from yesterday’s new 6.5-year lows as German prosecutors began an investigation into car giant VW faking […]

GOLD BULLION dropped 1.3% against a rising US Dollar in London trade Tuesday, falling to a 3-session low of $1122 per ounce as Western stock markets sank with commodity prices.   Copper lost 3.9% and silver bullion lost 3.3% to approach 1-week lows beneath $15 per ounce – a new 5-year low when first breached […]

GOLD PRICES slipped $10 per ounce in London trade Monday, falling from the highest weekly close in four as world stockmarkets edged higher after slumping in reaction to the US Federal Reserve’s “no change” decision on raising Dollar interest rates from zero.   San Fran Fed president John Williams told a conference at the weekend […]

BULLION prices extended their surge Friday in London, reaching 2- and 3–week highs as world stock markets fell hard following the US Fed’s decision not to raise Dollar interest rates as previously forecast.   Gold bullion touched 3% gains for the week at $1140 per ounce as New York equities dropped 1.4% at the open, […]