GOLD TRADING in London on Friday saw Dollar prices hold above $1200 per ounce as the US currency rose against the Euro ahead of an emergency summit called for Monday to try and resolve the worsening Greek debt crisis. With reports saying a further €1.2 billion was withdrawn today by Greek depositors from the […]
Read MoreGold Price Jumps Above $1200 on 'Lower for Longer' US Fed Rates, Dollar Hits 1-Month Low on Euro 'Short-Covering'
GOLD PRICES extended Wednesday’s late Dollar gains in London on Thursday, rising above $1200 per ounce for only the second time this month as the US currency slipped following yesterday’s “no rate hike” decision from central bank, the Federal Reserve. Despite the ongoing Greek debt crisis, the Euro rose to 1-month highs just shy […]
Read MoreGold Prices 'Side-Lined' Before Fed as Greece Threatens 'The Big No', Money Managers Choose Derivatives for Protection
GOLD PRICES slipped $5 per ounce ahead of Wednesday’s Federal Reserve statement on US interest-rate policy in very quiet trade, while Western stock markets ticked lower and Greek bond prices rallied despite the odds of a resolution to Athens’ debt crisis worsening. Nearing Monday’s 1-week lows at $1173, Dollar gold prices have now traded […]
Read MoreGold Bullion Trading 'Hit by Greek Crisis' as Chinese Demand Weakens, 'Price Floor Drops'
GOLD BULLION prices held dead-flat overall in London trade yet again on Tuesday, ending the day at $1181 per ounce but ticking higher for non-Dollar investors as the Euro slipped amid fresh wrangling continued between Athens and Brussels over Greece’s 5-year old debt crisis. Having accused Greek prime minister Tsipras of lying last week […]
Read MoreGold Bullion Stuck Between Greek Crisis & Fed Rate Decision as PIIGS' Bonds Fall, Silver ETF Jumps
GOLD BULLION prices in London trade held unchanged on Monday, as a sell-off in world stock markets continued ahead of this week’s US Fed decision on interest rates. Talks between the Greek government and its bail-out creditors broke down yet again overnight, with both sides blaming the other for refusing to negotiate. Gold […]
Read More$1180 Gold Price Stuck at 2013 Crash Low as US Rate Rise Negates Greek Crisis, Poll Shows German Stance Hardening
GOLD PRICES held tight in London on Friday around $1180 per ounce – the crash low reached in mid-2013 – as Western equities fell and major government bond yields rose again following yesterday’s walk-out of Greek debt talks by the IMF lender. The Dollar slipped versus the Euro, capping gold prices for Greek and […]
Read MoreGold Investment 'Less Attractive' as Failing Greek Talks 'Don't Matter', Silver ETF Grows as GLD Shrinks to 2008-Crisis Size
GOLD INVESTMENT prices slipped further for Dollar and Euro investors in London trade Thursday, briefly spiking after new US data showed stronger-than-forecast retail sales for May but a surprise jump in the number of people claiming jobless benefits last week. Major Eurozone stock markets meantime added over 1% as government bond prices fell again. […]
Read MoreGold Prices Hit 'Channel Top' at $1187 as Pimco Dumps Treasuries, Athens 'Not Told' EC Rejects Latest Reform Plan
GOLD PRICES gained almost 1.4% against a weakening US Dollar in London on Wednesday, but held flat for Euro investors as the Greek crisis entered its “final push” and government bonds sold off again worldwide. Western stock markets rose over 1%, but Shanghai’s stock market closed the day slightly lower after global equities-index provider […]
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