GOLD PRICES fell Monday morning as the dollar held firm after China’s central bank eased its domestic policy to support the economy amid concerns that an escalating trade dispute with the United States could hurt growth. China’s central bank on Sunday announced a steep cut in the level of cash that banks must hold as […]
GOLD PRICES clung to the $1200 level yet again on Friday, heading for a $10 weekly gain as world stock markets fell and long-term US interest rates rose to new 7-year highs. Ten-year US Treasury bond yields held at 3.20% after data from the Bureau of Labor Statistics said US employers added just 134,000 […]
GOLD TRADING in London saw prices tick higher against all major currencies on Thursday, recovering the $1200 mark for US investors as world stock markets slipped amid fresh geopolitical tensions between the US and China, and Russia and Europe. “China wants a different American president,” US vice-president Mike Pence will say in a speech […]
GOLD PRICES slipped back from yesterday’s 1.6% short-covering jump on Wednesday, dropping as the Dollar rallied following stronger-than-expected US jobs data. Spot gold retreated $7.50 per ounce to near $1200 yet again after the private-sector ADP estimate said US payrolls expanded by 230,000 in September, almost 25% ahead of Wall Street’s consensus. The gold price […]
GOLD PRICES rose against all major currencies but leapt versus the Euro on Tuesday as the coalition government in Italy refused to cut its 2019 budget deficit plans in defiance of senior European Union figures. Gold priced in US Dollars rose to 1-week highs above $1202 per ounce, and the UK gold price in […]
GOLD PRICES slipped Monday morning, writes Atsuko Whitehouse at BullionVault, dropping to $1185 per ounce as China’s gold market shut for the week-long National Day holidays and the United States reached a “last minute” trade deal with Canada overnight. Tokyo’s Nikkei 225 Stock Average rose to its highest close since 1991, but other Asian […]
GOLD PRICES rallied but held on track for the lowest weekly finish since January 2017 in US Dollar terms on Friday, rising only $3 per ounce to $1184 as world stock markets fell amid new fears over Italy’s growing public debt. Silver in contrast spiked to $14.50 per ounce, back near Monday’s 4-week high […]
GOLD PRICES fell hard against the Dollar at the start of New York trade on Thursday, dropping further below $1200 than any time so far in September after the Federal Reserve’s latest hike to interest rates was followed by stronger than expected US jobs data. Last week saw claims for jobless benefits rise less […]
3x lessons from the ABX-RRS gold mining M&A news… DESPITE the trillions of pixels already spent on news of the Barrick-Randgold mining merger, writes Adrian Ash at BullionVault, everyone in the gold industry still wants to know… Will Mark Bristow start slashing costs at Barrick by selling the Gulfstream and taxiing John Thornton […]
GOLD PRICES fell $5 per ounce from the $1200 level in London trade on Wednesday, slipping ahead of the US Federal Reserve’s September decision, widely expected to take its key interest rate up to a ceiling of 2.25%. Priced in the single Euro currency gold slipped within €3 per ounce of early September’s 32-month […]
GOLD PRICES edged above last week’s finish at $1200 per ounce Tuesday morning, holding in a tight range yet again as crude oil set fresh 4-year highs and government bond yields ticked up ahead of tomorrow’s interest-rate decision from the US Federal Reserve. Gold was also little changed for non-Dollar investors, trading at €1020 for […]
GOLD PRICES moved sideways in quiet trade on Monday as the Dollar held firm ahead of this week’s widely-expected interest-rate rise from the US Federal Reserve. Moving barely 1% away from $1200 per ounce over the last month, gold again stuck to that price as world stock markets slipped. Tokyo and Shanghai were […]
PLATINUM PRICES outpaced gold and silver again on Friday in London, extending this week’s rally against the falling US Dollar to 5.1% as world stock markets also rose. China’s stock market jumped over 3%, hitting 4-week highs as analysts said Beijing has built a strong economic “cushion” against its worsening trade war with the […]
GOLD BULLION crept higher against a falling US Dollar in London trade Thursday, edging up to new highs for this week at $1207 per ounce but flirting with new multi-year lows in terms of other major currencies. The UK gold price in Pounds per ounce fell within £6 of its post-Brexit referendum low, briefly […]
GOLD ETF share prices popped to their highest level this week so far, tracking the price of bullion’s rise to $1205 per ounce as US data showed an unexpected plunge in the number of new home-building permits issued last month. New UK data also surprised traders and analysts this morning, showing the strongest rate […]
GOLD PRICES again held tight around $1200 per ounce in London trade Tuesday as the US Dollar retreated on the currency market and global interest rates eased back on a rise in government debt prices. Commodity prices edged higher but held near 2018 lows on Bloomberg’s index after the United States imposed a new […]
GOLD PRICES peeped above $1200 per ounce yet again in London trade on Monday, rising above what was an 18-month low when reached in mid-August for the 9th time in 5 weeks. Silver and platinum also rose as Western stock markets cut their earlier gains, rallying to $14.20 and $805 respectively Base metals […]
Why did people buy gold amid the Lehman’s crash? “I HEARD your advert on the radio. I want to buy some gold,” recalls Adrian Ash at BullionVault. So said one of hundreds of callers to BullionVault in the crisp, clear autumn of 2008…back when the failure of US investment bank Lehman Brothers tipped […]
GOLD PRICES edged back Friday lunchtime in London, cutting this week’s gain to 0.5% as world stock markets rose and crude oil rallied but held below this week’s approach of May’s 3.5-year highs. Russia joined Turkey in raising its key interest rate, making the first such move since 2014 and helping the Ruble recover […]
GOLD PRICES rose to 3-week highs against a weakening US Dollar on Thursday, trading up to $1209 per ounce in London’s wholesale bullion market as equities rose together with commodities and US Treasury bond prices. As the Dollar eased back – most notably versus emerging market currencies led by the Turkish Lira after a […]
GOLD PRICES held tight below last week’s finish in London trade Wednesday, moving around $1195 per ounce as Asian stock markets fell again but European shares gained ahead of tomorrow’s policy decisions from the Eurozone and UK central banks – both expected to deliver “no change”. Global oil prices rose, with energy traders pointing […]
GOLD PRICES fell back below $1190 and silver tumbled through $14 per ounce for the first time since January 2016 on Tuesday in London as the Indian Rupee – currency of the No.2 precious-metals consumer nation – fell to fresh all-time lows versus the US Dollar. European stock markets fell for the 7th time […]
GOLD PRICES fell further on Monday morning in London against a firm Dollar amid new China-US trade wrangling while anti-immigration nationalists gained votes in Sweden’s general election but lagged well behind the main parties, writes Steffen Grosshauser at BullionVault. The Krona rallied further from late August’s 9-year low versus the Euro and Stockholm’s OMX […]
GOLD BULLION fell $5 per ounce from the $1200 mark Friday lunchtime in London after new US data showed stronger jobs growth than analysts forecast for the world’s No.1 economy. Silver held firmer at $14.14, heading for a 2.8% weekly drop, but platinum prices fell with gold bullion to show a 1.3% loss from […]
Record Comex gold correlation to prices… 0.9999 writes Adrian Ash at BullionVault. That’s pretty much the finest purity you can buy in physical gold bullion, with just one part not gold in ten thousand. (Not that you should pay for anything beyond the pure gold weight, whatever the fineness.) Over in […]
GOLD PRICES popped higher on Thursday in London, erasing the last 2 weeks’ losses as global stock markets slipped lower once more and US President Donald Trump railed against claims that White House insiders are actively working against his agenda and policies. Trading at $1205 per ounce as New York opened for business, gold […]
PRICES to buy gold stabilized in London on Wednesday morning, trading $2 higher to $1194 per ounce even as the US Dollar pushed other currencies lower once more and global stock markets extended yesterday’s drop on Wall Street. Commodity prices also retreated and the Chinese Yuan fell again versus the Dollar after China’s weak […]
GOLD PRICES outpaced a drop in world stock markets on Tuesday in London, dropping $10 per ounce from the US Labor Day weekend as the Dollar resumed its climb versus other currencies but reaching its highest value against silver since March 1995 as the gray metal sank on the bullion market. Emerging-market currencies fell hard […]
LABOR DAY 2018 saw global gold bullion prices edge back to $1200 per ounce in quiet trade on Monday, down 0.3% for the day, as US markets stayed closed for the end-of-summer holiday. Asian and European equities ticked lower, also in quiet trading, as crude oil rose to 2-month highs and the other precious […]
GOLD BULLION prices held above $1200 per ounce for US Dollar investors in London trade Friday but neared the end of August lower for the fifth month running. Matching the worst runs of gold’s 1990s’ bear market, that stretch has only been beaten once – back in 1989 – since benchmark London bullion prices […]
