GOLD PRICES fell to a 1-week low at $1122 per ounce in London trade Thursday as the US Dollar rose on the FX market following a cut to the European Central Bank’s outlook for inflation and growth in its 330-million citizen currency zone.   Euro gold prices bounced €10 per ounce to recover last week’s […]

GOLD BULLION prices slipped to 2-day lows of $1132 per ounce late in London trade Wednesday, retreating 1.3% from yesterday’s 1-week high as Western stock markets crept higher but commodity prices fell yet again.   “Support for the yellow metal was evident around $1135” in Asian trade overnight, said a note from Swiss refining and […]

GOLD PRICES touched 1-week highs of $1145 per ounce Tuesday as world stock markets fell sharply again and New York’s Dow Jones index dropped almost 400 points at the open.   Gaining1.0% from last weekend, wholesale gold bullion for London delivery found a clearing price on solid volume of $1141.90 per ounce at Tuesday morning’s […]

GOLD PRICES traded at $1128.37 per ounce on Friday midday in London, showing a weekly drop after 3 weeks of gains as Asian shares rallied on “upbeat” U.S. economic growth data following a chaotic week starting with the Chinese Black Monday. The American, Chinese and Japanese main stock markets closed up while European equities dropped, […]

GOLD PRICES quickly touched a new 7-week high of $1169 per ounce on Tuesday morning in London, while European and US stock market indices bounced back after the shockwaves sent by the recent sharp decline of Chinese equities. Silver fell to $14.83 per ounce, while other commodities came under bigger pressure. Brent crude oil remained […]

GOLD PRICES held firm in a tight range on Monday in London, trading above $1155 per ounce as China’s ‘Black Monday’ panic grips global financial market. The benchmark Shanghai Composite fell by up to 8.5 per cent, erasing all of its 2015 gains.  China on Sunday finalized rules to allow its big government pension fund […]

GOLD PRICES lost $16 dollars per once inside 7 hours on Friday morning in London to $1151.73 per ounce. Yet the precious metal gained almost 3.3% on the week so far, as world stocks dropped on the Fed’s hesitation to hike its rates, new disappointing data from China and the Greece crisis. Asian stocks plunged […]

GOLD PRICES touched a high of $1124 per ounce on Wednesday morning in London, following global equities weakening on concerns over the Chinese currency and stocks. Silver fell through the psychologically important level of $15.00 per ounce and briefly touched $14.74. Due to the widening gap, the gold/silver ratio climbed to a four-week high of […]

GOLD PRICES held steady against the US Dollar on Monday morning in London, as China’s stock market reversed earlier losses but Eurozone equities erased opening gains.   Gold priced in the Euro edged 0.5% higher as the single currency ticked lower on the FX market, but continued to hold stronger against the Yuan from last […]

GOLD BULLION rose near $1120 per ounce in London trade Friday, heading for only the second weekly rise in 8 as China followed this week’s Yuan devaluation by reporting additional gold reserves for the second time in a month.   The Yuan rose slightly on the FX market, recouping a little of the week’s earlier […]