Gold Price at 22-Month EUR Highs as France Recalls Ambassador to Italy

GOLD PRICES recovered a $5 drop in London trade Thursday as the US Dollar paused from this week’s gains on the currency market following a surprise rise in the number of Americans filing for jobless benefit claims.   The Euro gold price in contrast held firm near the highest since April 2017 at €1155 per […]

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India Gold Prices Hit Record High, ‘Demand Good’, Smuggling Jumps

GOLD PRICES held flat in US Dollar terms in London on Wednesday, keeping a $5 drop for the week so far but rising towards new all-time highs for households in world No.2 consumer market India.   Euro gold and the UK gold price in Pounds per ounce both rose, hitting 22-month highs above €1155 and 3-week […]

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Gold Price Flat, GLD Shrinks as Chinese Traders Clock Off for Lunar New Year

GOLD PRICES held $5 lower for the week so far on Tuesday morning in London, trading at $1313 per ounce as world stock markets rose at the start of the Chinese New Year of the Pig.   Shares in Australia’s banking sector jumped after the Reserve Bank kept its key interest rate on hold at […]

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Ex-Dollar, Gold’s Back to 2012 Crisis Highs

G20 ex-US gold price quietly hits crisis peak…   SO IS THAT it for QT? asks Adrian Ash at BullionVault.   The US Fed pretty much said on Wednesday that it’s set to stop shrinking its balancesheet – and end quantitative tightening almost before it began.   Long-time cynics just yawned, and reminded whatever fast-emptying […]

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Central Banks Buying Rescue Gold from Weakest Demand Since 2009

CENTRAL BANKS choosing to buy gold in 2018 saved the metal from its worst year for global demand since the economic crash of 2009, new data showed Thursday.   Gold prices meantime extended their New Year 2019 surge after the US Federal Reserve held its key interest rate unchanged.   Promising to remain “patient” on […]

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Gold Investment and China Demand Send Price Up to 8-Month High Ahead of the Fed

GOLD INVESTMENT prices hit 8-month highs at the start of London trade Wednesday, reaching almost $1316 per ounce in US Dollar terms as world stock markets held flat overall ahead of today’s Federal Reserve interest-rate and policy announcement.   London’s FTSE100 index of mostly foreign-earning corporations rose most steeply, adding 1.4% as the UK’s Prime Minister […]

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Gold Price Slips from Spike to $1300 Ahead of ‘Dovish’ Fed

GOLD PRICES held firm on Monday near last week’s spike to 7-month high above $1300 as investors and traders await the US Federal Reserve’s key policy announcement, due Wednesday.   The US Dollar rallied on the FX market after hitting 1-week lows on Friday’s report from the Wall Street Journal that the Fed may pause […]

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China GDP Slowdown Sees Gold Price Erase 2019 Gains After Heavy GLD Investing

GOLD PRICES edged down on Monday, erasing 2019’s Dollar gains-to-date after the metal’s No.1 consumer nation China posted its slowest economic growth in nearly three decades, writes Atsuko Whitehouse at BullionVault.   Spot gold declined for US investors to $1278 per ounce – down $20 from New Year’s spike to 7-month highs – after Beijing […]

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Gold Prices Take a Pause as UK Faces Key Brexit Vote, US Shutdown ‘Hits GDP Growth’

GOLD PRICES held little changed in a tight range in terms of all major currencies on Tuesday as Asian equities rose but European stock markets held flat ahead of the UK Parliament’s “meaningful vote” on Prime Minister Theresa May’s Brexit deal.   With the Withdrawal Agreement proposed by May and the European Union set for […]

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Gold Prices ‘Supported’ by Geopolitics But ‘Short-Selling’ Blocks $1300

GOLD PRICES dropped $6 to erase an overnight rise at the start of US trading on Monday, moving back to last week’s finish of $1290 per ounce as world stock markets fell even as major government bond yields slipped once more.   “The geopolitical risks have started to induce some safe-haven buying,” reckon analysts at […]

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Gold Price Slips vs Surging GBP as Brexit ‘Set to Be Cancelled’

GOLD PRICED in the US Dollar showed a 0.5% weekly gain as New York trading began on Friday, holding at $1293 as European stock markets slipped amid a fresh round of political turmoil.   “Up until now people have been quite rightly worried about the prospects of no deal” for the UK’s March exit from […]

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Dollar Poses ‘Biggest 2019 Threat’ to Gold Prices as US Deficits Soar

GOLD PRICES in London wholesale market held unchanged for US Dollar and UK Pound investors on Wednesday but slipped to 1-week lows in Euro terms as world stock markets rallied for a 5th session running.   New data today put the 19-nation Eurozone’s jobless rate down at 7.9%, a fresh 10-year low, while No.1 economy […]

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Gold Prices Fall as GLD Sees ‘Profit Taking’, Real Yields Rally with Equities

GOLD PRICES fell below last week’s multi-month closing high against all major currencies on Tuesday, losing $15 for the day in Dollar terms as the US currency rallied and European stock markets finally caught up with the New Year rise in American and Asian equities.   “Talks with China are going very well!” tweeted US […]

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Gold 2019: 3 Charts Prised from 2018’s Cold, Dead Hands

Doom, gloom and risks ahead…   “GLOOMY gold pundit forecasts chaos, says you must buy gold today!”   Hardly a headline worth reading, I know, writes Adrian Ash at BullionVault in the third and final part of this festive series.   But next year could well bring several things to the boil…   …from the […]

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Gold Price 2019: 5 Analyst Outlooks

What do bullion experts forecast for next year…?   SPARE a thought this Christmas for the poor bullion-market analyst, writes Adrian Ash at BullionVault, picking up where he left off last week.   Slaving all year over spreadsheets of Shanghai gold premiums, ETF flows and Comex positioning, for them the season of goodwill brings a […]

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‘Patient’ Powell Sees Gold Price Gain vs. Dollar, GLD Regains July Size

GOLD PRICES rose Monday against a declining Dollar following US Federal Reserve chief Jerome Powell’s promise to be “patient” before making any 2019 hikes to interest rates, writes Atsuko Whitehouse at BullionVault.   Spot gold prices peaked 0.7% above Friday’s closing level, touching $1295 per ounce but holding dead-flat for UK and Eurozone investors at […]

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Gold Falls $15 from $1300 on Strong US Jobs Data, India Demand to Buy ‘Negligible’

BUY GOLD prices in London’s wholesale market fell $15 from nearly touching $1300 per ounce Friday after new data showed much stronger-than-expected US jobs growth at the end of 2018.   Trading down to $1284, gold priced in Dollars still headed for a 0.5% weekly rise, its third consecutive such rise – and the longest […]

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New Year 2019 Gold Price Surge ‘Astonishing’ as GLD Expands Fastest in 16 Months

GOLD PRICES rose yet again in all major currencies bar the Japanese Yen on Thursday, extending New Year 2019’s gains to new all-time record highs against the Australian Dollar as Asian trading saw fresh turmoil in currency and equity markets.   The UK gold price in Pounds per ounce touched £1032 when Asian trade began, […]

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Gold Holds $1260, Hits 18-Month High in Yuan as 2019 China GDP Cut, Stimulus Promised

GOLD PRICES held near this week’s new multi-month highs on Friday in London as equities fell yet again amid fresh political turmoil in the Trump White House and new fears over GDP growth in China, the world’s second largest economy.   With global stock markets falling for the 9th time in 15 sessions this month, […]

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