GOLD PRICES rose back to last week’s closing level around $1205 per ounce in London on Thursday as new US data put inflation up in line with the Federal Reserve’s official target for the first time since spring 2012. The personal incomes and outlays report for July said the cost of living rose 2.3% […]
GOLD PRICES held little changed in Dollar terms alongside global stock markets on Wednesday, trading back in line with last week’s finish at $1204 per ounce as commodities rose together with longer-term interest rates on major government bonds. Tuesday’s rally in US gold prices failed to stop the giant SPDR Gold Trust (NYSEArca:GLD) suffering […]
GOLD PRICES hit 2-week highs against a falling US Dollar on Tuesday as world stock markets extended their rally towards or above January’s all-time record highs. Political tensions worsened in Europe over both government budgets and immigration, while US President Donald Trump hailed a revamped Nafta trade agreement with Mexico which doesn’t include fellow […]
GOLD PRICES rose on Friday morning in London while the Dollar fell ahead of the US Fed Chairman’s speech at the Jackson Hole Symposium, writes Steffen Grosshauser at BullionVault. Gold rose to $1191 after it slipped to $1184 in the previous session when it ignored weaker-than-expected US housing and disappointing manufacturing PMI data but still stood […]
GOLD PRICES edged higher on Monday morning in London amid Turkey’s currency crisis and ahead of US-China trade talks, writes Steffen Grosshauser at BullionVault. The United States and China are set to hold lower-level trade talks on Tuesday and Wednesday this week – just before the new retaliatory tariffs from Washington and Beijing take effect, […]
GOLD PRICES recovered from $1160 per troy ounce, a 19-month low yesterday. The Dollar indexed against a basket of major currencies, fell for a second day from a 14-month high on Wednesday, amid the US threatening to impose more economic sanctions on Turkey if it does not free a detained American pastor. It is still […]
GOLD PRICES broke through $1200 per troy ounce, an 18-month low at Monday lunch time amid Turkish crisis pushing the dollar to a 13-month high and ripping through emerging markets currencies as Recep Tayyip Erdogan, Turkey’s president hit out at the US, writes Atsuko Whitehose at BullionVault. Dollar index (DXY), measuring the value of the Dollar against […]
GOLD PRICES moved sideways in a tight range around $1214 per ounce amid Russia’s strong reaction to the US issuing new sanctions against it with China hitting back against the latest US tariffs and the British pound continuing to plunge on concerns of a hard Brexit, writes Atsuko Whitehouse at BullionVault. Dmitry Polyanskiy, first deputy […]
GOLD PRICES held in a tight $5 range around $1213 per ounce Tuesday morning in London, moving sideways against a weaker US Dollar as commodities edged higher and Donald Trump issued a warning to other countries over doing trade with Iran – now back under US sanctions over its nuclear research program. With gold […]
GOLD PRICES lost early gains on Monday in London as the US Dollar firmed following further escalations of the US-China trade conflict and re-imposed sanctions on Iran, writes Steffen Grosshauser at BullionVault. Gold bullion slipped to $1207 per ounce in wholesale trade but held above July 2017’s low at $1204, the level reached again […]
GOLD PRICES bounced Friday after weaker-than-expected US jobs data, but still headed for the lowest weekly finish of 2018 or worse versus most major currencies. China’s stock market closed the week at its lowest since the end of 2016, down 25% from January’s peak as Beijing readied new tariffs on $60 billion of US […]
GOLD BARS slipped near fresh multi-month price lows in London trade Thursday as the Bank of England raised UK interest rates and new data showed the weakest 6-month demand worldwide since the global economic slump of 2009. Falling against all most currencies bar the Euro and Australian Dollar, gold bullion dropped to $1214 per […]
GOLD PRICES began August dead-flat from last week’s finish against a falling US Dollar on Wednesday in London, while world stock markets slipped before the latest interest-rate decision and statement from the Federal Reserve. China’s main indices led the drop in global equity prices, losing 2% for the day as Beijing said it won’t […]
GOLD PRICES fell below $1220 for the fourth time in a fortnight in London trade Tuesday, hitting new 30-month lows for Euro investors at €1038 as the Bank of Japan sparked volatility on the currency markets by tweaking its “continuous…powerful” QE money creation and asset-purchase program. Vowing to suppress short- and long-term interest rates […]
GOLD PRICES dropped back on Monday morning in London ahead of several key central bank meetings this week, writes Steffen Grosshauser at BullionVault. Rumors in Tokyo say the Bank of Japan may ‘tweak’ its QE asset purchase scheme Tuesday. Supported by last week’s strong US GDP data, the Federal Reserve is then expected […]
GOLD PRICES popped $5 but held on track for the 7th weekly drop in 9 against the Dollar on Friday after new US data matched analyst and President Trump’s forecasts with the fastest GDP growth since 2014. Falling within $6 of last week’s 1-year low at $1211.89 this morning in London, gold prices then […]
SILVER slipped with other precious metal prices on Thursday in London, holding firmer than gold but weaker than platinum as Eurozone stock markets rose following US President Trump’s positive trade meeting with European Commission chief Juncker, plus a “no change” decision from the European Central Bank. Trump overnight claimed his meeting with the EC […]
GOLD PRICES recovered or rose above last week’s closing level in terms of all major currencies on Wednesday, touching $1232 per ounce as the US Dollar slipped on the FX market and European equities fell ahead of Donald Trump’s meeting on trade with Jean-Claude Juncker. “I have an idea,” tweeted the US President over […]
GOLD BULLION rallied against most major currencies Tuesday in London, recovering most of yesterday’s drop as the Chinese Yuan steadied from a new plunge on the FX market and US Dollar slipped back ahead of Donald Trump meeting the European Commission’s Jean-Claude Juncker amid the worsening ‘trade war’ spat over tariffs between the world’s two […]
GOLD PRICES held stable on Monday morning in London as the Dollar fell to a near 2-week low after President Trump lamented the US currency’s recent strength, writes Steffen Grosshauser at BullionVault. With Trump tweeting a blunt warning to the theocratic government of Iran, gold rallied to touch $1234 in the early session before […]
GOLD PRICES rallied 1% on Friday from yesterday’s new 12-month Dollar low of $1211 per ounce after US President Donald Trump attacked both China on trade and the Federal Reserve for raising interest rates in an interview with CNBC. “I’m not thrilled” about the Fed raising rates, Trump told CNBC anchor Joe Kernen in […]
GOLD PRICES fell again but were outpaced by silver in London on Thursday, while platinum dropped to new 14-year lows as the surging US Dollar pushed industrial commodities lower. Asian stock markets slipped as the Chinese Yuan also fell to new 12-month lows, tracking the slide in Dollar gold prices. European shares fell […]
Professional investors say they would buy gold, but… APPARENTLY some money managers think gold looks under-valued right now, writes Adrian Ash at BullionVault. A record number in fact, according to CNBC. It says that 17% of the 231 professional investors replying to Bank of America-Merrill Lynch’s monthly survey in July said the […]
GOLD PRICES set new 12-month lows against a rising Dollar on Wednesday in London, touching $1222 per ounce as the US currency rose yet again following weaker-than-expected Eurozone and UK inflation data. Excluding volatile fuel and food prices, the cost of living in the UK slowed to 1.9% annual inflation last month and retreated […]
GOLD PRICES failed to hold a $5 overnight rally in London trade Tuesday morning, slipping back below $1240 per ounce as US Federal Reserve chief Jerome Powell prepared to appear before Congress to speak on monetary policy. Ahead of Powell’s semi-annual testimony, betting on the Fed raising its key interest rate twice more in […]
GOLD PRICES held flat against a falling Dollar in quiet trade Monday morning in London, slipping for non-US investors as President Donald Trump met Russia’s Vladimir Putin for the first time, writes Steffen Grosshauser at BullionVault. After its biggest weekly rise in a month, the US Dollar fell 0.7% on the FX market versus […]
GOLD PRICES fell again versus a rising Dollar on Friday in London, heading for a 1.3% weekly drop at new 2018 lows beneath $1240 per ounce as the US currency pushed higher on the FX markets amid President Donald Trump’s ongoing tour of Europe. After telling The Sun tabloid newspaper that UK Prime Minister […]
Gold’s Pound Sterling returns on 5-year horizons… With LONDON’s FTSE index setting fresh all-time highs this spring and US stocks also now heading to reclaim January’s peak, it’s natural to think about locking in some of the last decade’s gains, writes Adrian Ash at BullionVault. The FTSE 100 has now more than doubled […]
GOLD PRICES rallied $5 per ounce from 1-week lows against the Dollar in London on Thursday, touching $1246 and also rising versus other major currencies as Donald Trump said he has wrung a promise of higher military spending out of other Nato member states, and new US data showed the cost of living rising in […]
GOLD PRICES slipped below $1250 per ounce for the fourth time in 2 weeks in London trade Wednesday, losing against a strong US Dollar as the White House moved to impose 10% trade tariffs on another $200 billion of imports from China and President Trump stunned a meeting of the Nato military alliance by attacking […]
