GOLD PRICES fell $10 per ounce against a resurgent US Dollar on Tuesday in London, erasing this week’s earlier gain as world stock market sank for a third session running. Solid gold trading in Shanghai – where the Chinese stock market today sank over 3% – saw global quotes rise to $1345, with Tuesday’s […]
That is history’s view at least… GOLD PRICE up, stock market down, writes Adrian Ash at BullionVault. It hardly makes an auspicious first day for Jerome Powell’s tenure as chairman of the US Federal Reserve. Whether the legal scholar and former Fed governor can save the stock market after its near record-breaking […]
GOLD PRICES rallied $5 per ounce from Friday’s $20 drop in London trade on Monday, rising to $1335 against a stronger US Dollar as a sell-off hit world stock markets for the 5th time in 6 trading days. With former Fed governor Jerome Powell today replacing Janet Yellen as chair of the world’s single […]
GOLD PRICES sank $10 inside 30 minutes Friday lunchtime in London as new US data showed a stronger-than-expected rise in new jobs plus the largest annual rise in average wages since January 2009. The Dollar jumped on the FX market, extending an overnight rally begun as the Bank of Japan became the first central […]
GOLD PRICES fell back below $1340 per ounce in London’s wholesale trade Thursday despite the US Dollar slipping again on the currency market after the Federal Reserve’s “no change” decision on interest rates overnight. Janet Yellen’s final meeting as Fed chair saw policymakers at the US central bank signal they’re on track to take […]
GOLD BARS dealt in London’s wholesale market held flat against most major currencies on Wednesday morning, edging back up to $1343 per ounce for US investors as world stockmarkets steadied from their 3-sesson drop ahead of today’s US Federal Reserve decision on Dollar interest rates. Heading for a 3.7% rise for the first month […]
GOLD PRICES in the global wholesale markets bounced $10 from an overnight drop to $1334 on Tuesday as Chinese demand held firm ahead of next month’s Lunar New Year and volatility in the currency markets switched to Sterling amid fresh wrangling over Brexit. With 3 weeks until Chinese New Year – now the heaviest […]
GOLD PRICES slipped slightly back on Monday morning in London as the US Dollar surged after 6 straight weeks of losses, writes Steffen Grosshauser at BullionVault. Gold traded $6 below last week’s close at $1349 per ounce after touching an 18-month high at $1365 early on Friday. US Treasury bonds meantime extended their […]
GOLD PRICE gains from last Friday of 2.6% slipped to 1.5% against the US Dollar in London trade today, leaving the metal just $1.10 per ounce below a near 4-year high at its weekly close. The Dollar eased back but held half of yesterday’s sharp rebound from its lowest FX value since late 2014 […]
Jokes, art, gold and a final use for the Don’s ‘weak Dollar’ policy… THAT Nancy Spector at the Guggenheim in New York sounds like a right card, writes Adrian Ash at BullionVault. Her newly leaked email to the Trump White House of last September declined to lend Don and Mel their desired Van Gogh (‘Landscape […]
GOLD PRICES hit new 17-month highs against the Dollar above $1360 per ounce at the start of London dealing on Thursday, rising as the US currency extended its slump after President Donald Trump’s Treasury Secretary said he welcomed a “weak Dollar”. Gaining for the 12th time in 18 trading days so far in 2018, […]
GOLD ETF trust fund trading saw bullion prices rise within $5 per ounce of last September’s 13-month high on Wednesday in Londonas the US Dollar fell to new 3-year lows on the FX market and Japan led a retreat in world stock markets from record-high levels. As gold prices moved above $1352 per ounce […]
GOLD PRICES erased last week’s drop against the Dollar in Asian and London trade Tuesday, rising to $1337 per ounce even as the US currency held firm on the FX market. World stock markets followed Wall Street higher to new all-time records after the Senate ended the 3-day government shutdown by extending 2017’s budget […]
GOLD PRICES held steady as the Dollar remained weak Monday morning amid the US government shutdown, writes Steffen Grosshauser at BullionVault – the first since October 2013. After recording the 6th weekly gain in succession at the London PM benchmarking, wholesale gold bullion prices traded in a $6 range around Friday’s close at $1331 […]
GOLD PRICES rose against the falling Dollar but held flat or fell versus other major currencies on Friday as the US faced a possible government shutdown over lawmakers’ failure to agree a 2018 budget. Asian and European stock markets shrugged off last night’s drop in New York stocks but major government bond prices slipped […]
GOLD TRADING in London saw wholesale prices rally from near 1-week lows versus the Dollar on Thursday as the US currency fell again after new data said growth in China’s economy accelerated last year for the first time since 2010. Gold prices popped $5 higher but failed to hold above $1330 per ounce as […]
GOLD PRICES pulled back from 4-month highs above $1340 per ounce for the third day running in London on Wednesday, again trading lower for non-Dollar investors as the US currency fell once more. Asian and European stock markets also headed south after Wall Street marked a “key reversal” from fresh all-time record highs for […]
GOLD PRICES for Euro, UK and Japanese investors fell back near unchanged for 2018 so far on Tuesday and silver fell to a small loss for the New Year as world stock markets pushed up to fresh record highs. Industrial commodities fell but major government bond prices rallied from their sell-off, pulling the yield […]
The end of days hits New Year 2018… GOLD PRICES have jumped over 8% from this point last month, says Adrian Ash at BullionVault. At the same time, major government bond prices have dropped as 2018 gets started, pushing up the yield offered to new buyers. Bond yields up, gold up? […]
GOLD BAR prices shot to new 4-month highs against the Dollar in wholesale trade on Monday morning in London as the US currency plunged to a 3-year low versus the world’s other currencies amid worsening tensions between nuclear states India and Pakistan, write Steffen Grosshauser and Adrian Ash at BullionVault. With US markets shut […]
Gold investing can wait ’til the crash. Right…? SO EVERYONE thinks the stock market is about to pull back or even crash, but no one is doing a damn thing about it, writes Adrian Ash at BullionVault. “Many clients we meet are fully invested bears,” reports ever-bearish strategist Albert Edwards at SocGen, “nervously […]
GOLD INVESTMENT bars pushed their New Year 2018 gains to 2.3% versus a falling Dollar in London trade Friday, rising even as world stock markets extended yesterday’s fresh record highs in US equities. Large bullion bars traded by wholesalers and investment dealers reached new 4-month highs at $1332 per ounce before edging back after […]
GOLD PRICES rose back above $1320 per ounce against a weakening US Dollar on Thursday as major government bond yields rose once more and Beijing played down rumors it might stop or cut its demand for US government debt. Responding to Wednesday’s claims from Bloomberg that the People’s Bank may stop buying Treasuries as […]
GOLD PRICES jumped 1.2% against a plunging Dollar in London trade Wednesday morning, setting the highest bullion-market benchmark in 4 months as financial markets whipped on rumors that China may stop buying more US government debt for its huge foreign currency reserves. Bloomberg News says officials running China’s $3.14 trillion of central-bank reserves have […]
GOLD PRICES slipped Tuesday in London’s wholesale market, falling for only the fourth time in 16 trading days as world stock markets, commodities and government bond prices all rose yet again. The US Dollar extended this week’s rally from 3-month lows on the currency market, pushing the Euro down to $1.19205, a 7-session low. […]
GOLD PRICES held onto last week’s 1.4% gains in London trade Monday but silver slipped amid a rally in the Dollar on the forex market. World equities pushed up to fresh all-time record highs as major government bond prices also rose, pushing interest rates lower. European banking stocks lagged the broader gain in […]
But what about those Not Dollar gold investing…? 2018 BEGINS with smart people saying the year ahead looks good for gold investing, writes Adrian Ash at BullionVault. So far the market agrees. The gold price in Dollars has just made its strongest run of back-to-back daily gains since February 2016, rising on 10 […]
GOLD PRICES rose back above $1320 per ounce versus the falling Dollar in London’s wholesale trade on Friday, heading for the highest weekly close in 16 after new data said the United States added far fewer jobs than analysts expected last month. The official non-farm payrolls estimate also put average annual wage growth in […]
GOLD PRICES popped back to $1315 per ounce Thursday lunchtime in London’s wholesale market as new US jobs data saw the Dollar drop and world stock markets rise yet again. New claims for US jobless benefits rose last week, defying analyst forecasts. But ahead of Friday’s official jobs estimate for December, the private-sector ADP […]
GOLD PRICES extended their New Year 2018 rally against the Dollar in London on Wednesday morning, rising for the 10th time in 11 trading days. In the last 50 years the Dollar price of gold bullion has beaten such a run only 7 times before. Touching $1321 per ounce in ‘spot’ trading, physical […]
