GOLD PRICES slipped but silver broke above $15 per ounce for the first time in more than 3 weeks on Thursday in London as the Dollar weakened ahead of the US Fed’s long-awaited September decision on interest rates.   New York stock markets edged higher, as did Europe, but emerging Asian equities earlier closed sharply […]

GOLD BULLION jumped out of its tightest range in 7 years Wednesday in London, rising 1% to $1115 per ounce as new data – released a day before the Federal Reserve’s long-awaited September interest-rate vote – said US consumer prices fell last month.   That put the headline annual rate of CPI inflation at just […]

GOLD PRICES held in a tight range again on Tuesday, drifting around $1105 per ounce as European stock markets shrugged off another sharp drop in Chinese equities to follow a strong 1% opening in US shares ahead of this week’s key Federal Reserve decision on interest rates.   “Let’s get it out of the way,” […]

GOLD PRICES traded in a 0.5% range Monday morning, treading water around the lowest weekly close in five ahead of Thursday’s long-awaited US Fed decision on Dollar interest rates – now held at zero for almost 7 years.   Mixed data from China meantime saw Shanghai’s stockmarket drop 2.5% as Beijing’s long-awaited plan for reforming […]

GOLD PRICES fell below $1100 per ounce for the first time in exactly a month Friday afternoon in London, losing almost 2% for the week as world stock markets also fell with commodity prices.   Priced in the Euro currency – which rose for the 3rd day running on the FX market – gold meantime […]

GOLD TRADING in London saw prices spike but fail to hold a 0.7% gain on Thursday, retreating near yesterday’s 1-month lows against the Dollar as US stock markets shrugged off another hard drop in Asian and European equities ahead of next week’s Fed decision on interest rates.   Silver was again firmer and spiked harder than […]

GOLD BULLION dropped sharply to 3-week lows on Wednesday as new data put US job openings at 5.8 million for the end of July – the largest number of would-be hirings since the JOLTS series began in 2002.   US stock markets erased an opening 1% gain as US Treasury bond prices fell to 1-month […]

GOLD PRICES edged higher late in London on Tuesday, rising to a 3-session high of $1126 – but missing the 2.7% jump in silver – as US traders returned from the Labor Day holiday.   Asia led a strong rise in European and US stock markets, gaining 1.6% for the day.   Copper surged 4.5%, […]

GOLD PRICES slipped in quiet trade in London on Monday, retreating near the lowest levels since mid-August at $1119 per ounce as European stockmarkets held flat, ignoring another sharp drop in Asian equities.   New data overnight showed China’s People Bank growing its gold bullion reserves again in August, extending the growth since end-June’s restatement […]

BULLION prices whipped hard on the release of new US jobs data Friday, with gold initially spiking to recover this week’s losses before dropping to fresh lows for the day beneath $1120 per ounce.   Losing 1.1% from last Friday in Dollar terms, wholesale gold bullion swung that much inside 60 minutes for Euro investors […]