GOLD MARKET trading was quiet in London on Wednesday, as commodity prices slipped again and Western equity indices ticked higher ahead of the July decision on interest rates from US central bank, the Federal Reserve. The Euro steadied above $1.10 on the FX market – capping gold some 1% above last week’s new 2015 […]
Read MoreGold Price 'May Rise' on Fed Rate Hike But 2015 Investment Sinks as Global Demand Drops 10%
GOLD PRICES steadied against a falling US Dollar on Tuesday in London, trading around $1095 per ounce as Western stock markets bucked another slump in Chinese equities to Commodity prices also ticked higher, rising from new 13-year lows on Bloomberg’s index, ahead of Wednesday’s expected ‘no change’ decision on US rates from the Federal […]
Read MoreGold Bullion Rallies Near $1100 But Spec's Turn Bearish, Big ETF Shrinks, China Imports Fall
GOLD BULLION recovered a $10 loss in London on Monday to trade just shy of $1100 per ounce – a new 5-year low when first hit last week – as Western stock markets fell following the 2nd heaviest-ever drop in China’s main equity index. The Shanghai Composite dropped 8.5%, reversing half of its recent […]
Read MoreGold Bullion Near $1100 But Spec's Turn Bearish, Big ETF Shrinks, China Imports Fall
GOLD BULLION recovered a $10 loss in London on Monday to trade just shy of $1100 per ounce – a new 5-year low when first hit last week – as Western stock markets fell following the 2nd heaviest-ever drop in China’s main equity index. The Shanghai Composite dropped 8.5%, reversing half of its recent […]
Read MoreGold & Silver Hit New Multi-Year Lows as ETF Trusts 'Dishoard' Ahead of 'Looming' Fed Rate Hike
GOLD and SILVER prices dropped to new 5 and 6-year lows respectively for US investors on Friday, falling as European stockmarkets lost earlier gains and commodity prices fell to new multi-year lows. “Gold and silver remain dominated by expectations of US rate hikes,” says one bullion bank’s commodities team in a note. “Gold […]
Read MoreGold & Silver Hit New Multi-Year Lows as ETF Trusts 'Dishoard', Money Managers Choose 'Better Paying' Assets
GOLD and SILVER prices dropped to new 5 and 6-year lows respectively for US investors on Friday, falling as European stockmarkets lost earlier gains and commodity prices fell to new multi-year lows. “Gold and silver remain dominated by expectations of US rate hikes,” says one bullion bank’s commodities team in a note. “Gold […]
Read MoreGold Prices Fail at $1100 Again, Silver Firmer, as 'Clear Bear Market' Explained by 'Established Arguments'
GOLD PRICES rallied but failed to hold above $1100 per ounce in London trade Thursday, dropping below that level for the fourth time this week after breaking that new 5-year low on Monda. Silver held firmer, keeping the Gold/Silver Ratio – the simple measure of their relative prices – beneath 74, well below this […]
Read MoreGold Bullion 'Liquidation' Below $1100 Hits Miners & Retailers
GOLD BULLION prices hit new 5-year lows against the US Dollar in London trade Wednesday, falling again through $1100 per ounce as world stock markets also dropped once more. Crude oil fell below $50 per barrel, but major government bond prices rose, edging yields lower. Gold priced in Sterling again dipped beneath £700 […]
Read MoreCrash to $1080 Marks '50% Retracement of Long Bull', Gold Bar & Jewelry Sales Fall in Key Markets
GOLD BARS traded in London’s wholesale market rallied to $1107 per ounce on Tuesday, holding 2% above yesterday morning’s sudden ‘crash’ to new half-decade lows as Western stock markets slipped but commodity markets bounced from new 13-year lows. Yields on US and UK government bonds edged higher as prices fell, but Eurozone debt-service costs […]
Read MoreGold Price Recovers Half of 4% Asian Crash to 5-Year Low After China Reserves Update
GOLD PRICES recovered half of an earlier 4% crash in London trade on Monday, trading back above $1100 per ounce after making new 5-year lows as world stock markets rose, commodities fell and US bond yields edged higher. Following Friday’s news that the People’s Bank of China bought less gold than Western analysts guessed […]
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