Maduro wants ‘his’ gold. London says ‘No’… SO the DASTARDLY Bank of England is refusing to give Venezuela its gold back, writes Adrian Ash at BullionVault. The government of Nicolás Maduro simply wants to take possession of what it still holds in London – some 14 tonnes of bullion bars apparently – because […]
GOLD INVESTING prices erased the last 3 weeks’ gains versus a rising US Dollar on Friday in London as world stock markets also fell, following Wall Street lower after the Federal Reserve confirmed it plans to hike Dollar interest rates next month. Dropping to $1212 per ounce – nearly 2.5% below late-October’s 3-month high […]
GOLD PRICES drifted lower for the fourth session running on Thursday, touching 1-week lows at $1222 per ounce in London ahead of today’s interest-rate decision from the US Federal Reserve – widely expected to leave policy unchanged. The Dollar itself eased back on the FX market, helping cut the gold price in Euro terms […]
GOLD PRICES held little changed after yesterday’s drop on Wednesday as the US mid-term election results split power in Washington and new data said China’s huge foreign exchange reserves shrank to an 18-month low in October. While the Republicans grew their majority in the Senate, the Democrats retook control of the House – a […]
GOLD BULLION slipped against a weakening US Dollar in London trade Tuesday, falling harder for Euro investors ahead of the US mid-term election results as news reports from India confirmed poor festive demand for Dhanteras at the No.2 consumer nation’s jewelry stores. Priced in the Dollar gold bullion edged back down to $1228 as […]
GOLD PRICES slipped Monday lunchtime in London as European stock markets held a small gain, shrugging off another day of equity losses in Asia as a busy week began for trade, sanctions and monetary politics, writes Atsuko Whitehouse at BullionVault. Even as the US Dollar index retreated from last week’s 17-month high against a […]
GOLD PRICES dropped $5 per ounce on news of stronger-than-expected US jobs growth on Friday, heading for the first weekly drop in 5 as world stock markets extended their bounce from October’s slump. Japan’s Topix index closed 3.9% higher from last Friday and Shanghai’s CSI300 added 3.7% after falling Monday back near October’s 28-month […]
More proof democracy’s in danger from voters… OKAY, we confess we sank a few beers or more at LBMA 2018 in Boston, writes Adrian Ash at BullionVault. But everyone else, it seems, was smoking crack… Oh good grief! #LBMA2018 forecasts $1532 #gold this tor next year — BullionVault (@bullionvault) October 30, 2018 That […]
GOLD PRICES rallied back near last week’s closing level for US and Euro investors on Thursday, as major stock markets struggled to extend their 2-day bounce and the UK central bank said business investment is slowing because of Brexit uncertainty. The MSCI World Index hasn’t risen for 3 days running since mid-September. With […]
GOLD and SILVER PRICES fell sharply on Wednesday, erasing half and all of their earlier October gains respectively as world stock markets rallied and precious-metal executives got back to work from the London Bullion Market Association’s 19th annual conference, held this year in Boston. The US Dollar today hit mid-August highs against the single […]
GOLD PRICES fell on Tuesday morning as the US dollar gained on renewed fears of an intensifying US-China trade war. Bloomberg reported on Monday that the U.S. is preparing to announce tariffs on all remaining Chinese imports by early December if talks next month between Presidents Donald Trump and Xi Jinping fail to ease the […]
…only someone had a good story… “ANYONE asks, this is no time to reveal we work in the gold market,” recalls Adrian Ash at BullionVault. Boston has a long history of radical demos, protests and outright mobs. Ahead of this year’s LBMA conference, we stumbled into one outside City Hall on Sunday morning […]
Which is handy, cos few others are… THANKS no doubt to someone smoking something to celebrate the Red Sox winning the World Series last night, the gold industry gathered here at the Boston Park Plaza got woken by a false fire alarm at 5am Monday, writes Adrian Ash of BullionVault. Is this month’s […]
GOLD PRICES slipped Monday morning from the previous weeks three-month high as the dollar firmed and European Stocks gained amid mixed Asian markets after the setbacks of last week, writes Atsuko Whitehouse at BullionVault. Spot gold prices were edging lower at $1,230.53 per ounce Monday lunch time. On Friday, they touched their highest level since 17 […]
Premier gold industry conference badly wrong a year ago… WILL the gold industry never learn? asks Adrian Ash at BullionVault. This weekend kicks off the London Bullion Market Association’s 2018 conference, held this year in Boston, Massachusetts. LBMA Boston will be the 6th such event in a row to find gold trading below a $1300 […]
GOLD TRADING in London saw a rising US Dollar curb wholesale bullion prices below $1240 per ounce yet again Friday morning, but the metal added $10 for the week as Asian and European stock markets ignored yesterday’s steep rally on Wall Street to drop for the 13th time in 19 sessions this month. Shares […]
GOLD BULLION set or held near new multi-month highs against all major currencies in London trade Thursday, again nearing $1240 for US investors as the Dollar slipped amid fresh volatility in world stock markets. Asian equities fell hard once again overnight, pulling Tokyo down to 13-month lows, but Shanghai held steady after New York’s […]
GOLD PRICES dipped below $1230 per ounce Wednesday in London, retreating over $10 per ounce from yesterday’s new 3-month highs as European stock markets rallied but Wall Street futures pointed lower yet again. With the S&P500 now down more than 7% from mid-September’s record peak, “To me the Fed is the biggest risk, because […]
GOLD PRICES jumped to their highest Dollar price since mid-July in London trade on Tuesday, hitting $1236 per ounce as world stock markets fell after China’s main index erased most of yesterday’s stimulus-fueled rally. Gold prices came within 40 cents of $1240 per ounce – adding 6.8% from August’s plunge to start-2017 levels – […]
GOLD PRICES slipped Monday morning, dropping $12 per ounce below last week’s 2.5-month high as China’s stock market rallied at its fastest since 2015 on a raft of ‘support’ promised by Beijing, writes Atsuko Whitehouse at BullionVault. Europe and other Asian equity markets rose less steeply, while gold prices traded down to $1221.50 per […]
GOLD PRICES slipped but held on track for the highest Friday finish since July for Dollar and Euro investors today, as the United States issued what one analyst reckons is a “final warning” to China over currency manipulation and Italy’s cost of borrowing rose to new 5-year highs compared to German Bund yields. Trading […]
GOLD MARKET prices in the wholesale hub of London briefly slipped below $1220 Thursday morning after the US Federal Reserve signalled its commitment to continue raising Dollar interest rates in 2019. Prices in the professional bullion market then rallied $5 per ounce as China’s stock market closed the day at a new 4-year low […]
Brexit was fine, said gold below £900. But then… LIKE the UK’s impending Brexit from the European Union, the word “gold” means many things to many people, writes Adrian Ash at BullionVault in what is, inevitably, a personal view. To most financial advisors and pundits, gold is an idiotic investment. But to anyone studying […]
GOLD PRICES held firm Wednesday in London, trading $10 per ounce above last week’s finish even as the Dollar rallied on the currency market. Crude oil edged back after 3 sessions of gains amid worsening political tensions over the apparent murder of a US-based Saudi journalist in Istanbul. Asian equities rose for a […]
DEMAND to buy gold from central banks led bullion-market headlines on Tuesday, while the metal held near yesterday’s 12-week highs versus a falling US Dollar. World stock markets bounced from their week-long drop, but London’s FTSE index held flat as UK Prime Minister Theresa May met with her Cabinet to try and rescue her […]
GOLD PRICES rose in London trade Monday, touching its highest Dollar price since late-July as world stock markets extended last week’s steep falls. Rising to $1233 per ounce, gold prices set multi-month highs against most major currencies, reaching €1065 for Eurozone investors and £936 in Sterling as talks between the UK and European Union […]
GOLD PRICES headed for their highest Friday close in 11 weeks in US Dollar terms in London today, holding onto most of yesterday’s 2.8% jump to trade above $1223 per ounce as world stock markets bounced from their sharpest drop since February. Noting this week’s “sea of red spattered across equity investors’ screens”, bullion […]
GOLD PRICES touched a 3-week high of $1210 per ounce in London trade Thursday as global stock markets fell yet again and the US Dollar retreated once more on the currency market. Commodities also fell, with crude oil dropping to new lows for this month at $81 per barrel of Brent but silver edging […]
GOLD PRICES failed to hold a rally above $1190 per ounce for the second day running in London trade Wednesday, dropping back as the US Dollar rose and world stock markets fell again amid fresh worries over Italy’s government deficit and the UK’s impending Brexit from the European Union. The Chinese Yuan held its […]
GOLD PRICES failed to hold a $5 bounce in London trade Tuesday morning, dropping back to $1186 per ounce as world stock markets fell with government bond prices, driving longer-term interest rates higher as the Dollar also rose on the currency market. “It [is] a moment to cool down the temperature,” said a European […]
