GOLD BULLION dropped $10 per ounce from new 4-week highs hit overnight at $1126 on Thursday as the Chinese Yuan fell for a third day on the FX market but commodity and world equity prices rebounded.   Silver prices held firmer, ending London trade just 10 cents shy of an earlier 1-month high at $15.60 per […]

GOLD BULLION rose for a fifth session running on Wednesday, recording a London benchmark of $1119 per ounce as stock markets fell again amid a fresh drop in the Chinese Yuan.   Linking the Yuan’s reference rate to FX market values from Tuesday – rather than an official target level – the People’s Bank of […]

GOLD PRICED in Dollars hit a 3-week high early Tuesday, touching $1118 per ounce after Beijing surprised currency traders and analysts by announcing an immediate 2% devaluation in the Chinese Yuan’s official exchange rate.   Gaining 1.8% against the Dollar in the last hour of Shanghai trade, gold prices hit 4-week highs for Chinese traders […]

GOLD PRICES held firm in a tight range Monday in London, trading above $1095 per ounce – and reclaiming €1000 for Euro investors – as commodities rallied but government bond prices fell, nudging yields higher, on new comments about a September rate hike from the US Federal Reserve.   Ten-year US Treasury yields hit 2.21% […]

GOLD INVESTING prices stayed tight inside a $10 range in London on Thursday, rising to $1090 per ounce as New York stock markets opened sharply lower and European equities held flat ahead of tomorrow’s much-anticipated US jobs data for July.   US crude oil contracts fell 1.5%, dropping near 6-year low at $44 per barrel. […]

GOLD PRICE gains of 0.7% were reversed in late London trade Wednesday, taking wholesale bullion back to $1085 per ounce as the Dollar rose despite new US jobs and trade data badly missing analyst forecasts.   Only a “significant deterioration” in US economic data will dissuade Federal Reserve governor Dennis Lockhart – widely seen as […]

BULLION prices rallied 1.1% on Tuesday in London from yesterday’s low in Dollar gold prices, as China’s stock market bounced hard following a ban on short-selling by equity traders, but Western stock markets held flat overall.   Silver bullion recovered half of Monday’s 2.6% drop to trade at $14.60 per ounce as commodity prices rallied from […]

GOLD BULLION held in a tight $4 range either side of $1093 per ounce in London on Monday, trading sideways as industrial metals sank to new 6-year lows following the weakest Chinese manufacturing data in two years.   Fresh falls in new factory orders led to the fastest production cut since November 2011, said the […]

GOLD TRADING in London on Friday afternoon saw wholesale prices jump 2.1% from an early low, briefly popping above $1100 per ounce as the US Dollar fell hard following weaker-than-expected consumer sentiment data for June.   US employment costs also missed analyst forecasts, with compensation and wages slowing to a 0.2% rise in Q2 from […]

BULLION GOLD headed for its worst monthly drop in two years on Thursday, nearing the end of July almost 7% down against the Dollar after weaker than expected US GDP data followed the Federal Reserve’s latest hint that the central bank is preparing to raise interest rates from 0% in September.   Premiums on Shanghai […]