GOLD and SILVER PRICES rose against a weakening US Dollar in London trade Monday, rallying to $1298 and $16.55 per ounce respectively as China and European leaders repeated their challenge to President Trump’s imposition of trade tariffs. Beijing also hit back this weekend over the European Commission lodging a complaint with the World Trade […]
GOLD PRICES fell hard Friday in London, retreating beneath this week’s previous lows for Dollar investors after new US jobs data smashed analyst forecasts. Gold priced in the US Dollar fell to $1282 per ounce – just $10 above last week’s new 2018 lows – as the UK gold price in Pounds per ounce […]
GOLD BAR prices slipped against all major currencies in London’s wholesale market on Thursday as solid US data followed a rise in Eurozone consumer-price inflation, and Italian bonds rallied for a second day, pulling borrowing costs lower again from Tuesday’s spike to 5-year highs as the Eurosceptic M5S and Lega coalition worked to form a government. […]
Try none of the above vs gold… ITALY proves yet again how a true crisis strikes, writes Adrian Ash at BullionVault. Very, very slowly…and then all of a sudden at once. “We were not in the midst of a sovereign debt crisis, Brexit, subprime etc,” tweets Democratic Party politician and former economic […]
GOLD PRICES rose back above $1300 per ounce in London trade Wednesday as the Dollar retreated from this week’s jump on the FX market after US data came in weaker than expected and European markets rallied from Italy’s political sell-off. Ahead of Friday’s official non-farm payrolls estimate for May, today’s private-sector ADP report said […]
EURO GOLD prices jumped to 11-month highs as London and New York re-opened after the long holiday weekend on Tuesday, breaking above €1130 per ounce as Italy’s political mess saw Rome’s short-term borrowing costs jump to the highest since the peak of the Eurozone debt crisis in 2012. Giuseppe Conte, the chosen prime minister […]
Private gold investing sinks as stock market teeters… PRIVATE INVESTOR interest in gold has collapsed in 2018, writes Adrian Ash at BullionVault. Any dealer tells you otherwise, they’re lying. What began as a Trump slump for US gold coin sales in 2017 has now spread to retail gold bar investing demand in […]
GOLD PRICES held above $1300 per ounce in London trade Friday, erasing half of last week’s 2% drop even as the Dollar rose again on the FX market amid fresh tensions between Nato members Turkey and the US plus growing doubts over the debt stability of Italy, the Eurozone’s third largest economy. Euro gold […]
GOLD PRICES rose within $1.10 of $1300 per ounce against a falling US Dollar on Thursday in London after yesterday saw the release of what analysts and headline-writers called “dovish” notes from the Federal Reserve’s latest policy meeting. While the Fed’s May meeting minutes showed a consensus for raising Dollar interest rates as expected […]
DOLLAR GOLD PRICES came within $2.25 of $1300 per ounce in London on Wednesday morning, rallying even as the US currency rebounded on the FX market ahead of today’s release of notes from the Federal Reserve’s latest meeting on interest-rate policy. That helped drive Euro gold prices back up towards early May’s 8-month highs […]
GOLD PRICES rallied above $1295 and silver almost recovered last week’s 3% loss in London trade Tuesday, gaining as the US Dollar eased back on the currency market following ‘dovish’ comments from Federal Reserve policymakers. Asian stock markets slipped but Europe pushed higher after Wall Street reached a 2-month high overnight. With crude […]
USD halves the $110 it added to gold price… DID gold prices really drop through $1300 last week? asks Adrian Ash at BullionVault. Nope. Gold did no such thing. Not when you discount Donald J.Trump’s impact on the Dollar. In this parallel universe, gold hasn’t even got above $1250 per ounce since […]
GOLD PRICES fell $10 to new 5-month lows against the rising US Dollar on Monday in London after Washington said the US-China trade war is “on hold”, writes Steffen Grosshauser at BullionVault. Gold touched the lowest level since the end of December at $1282 per ounce before bouncing back to $1285 while the US […]
To the golden barricades, comrade…! The IMPACT of the French Revolution? asks Adrian Ash at BullionVault. Two centuries after 1789, “It’s too early to tell” said Chinese premier Zhou Enlai at a meeting with US president Richard Nixon in the early 1970s. What a wag! Those bureaucrats in Beijing sure take the […]
GOLD PRICES moved in a tight $5 range above yesterday’s new 2018 low against a rising US Dollar on Friday, holding a 2.5% drop for the week at $1287 per ounce as Asian stockmarkets climbed back to unchanged and European equities held a half-a-per-cent gain. The rising Dollar also pushed other non-US currencies down […]
GOLD PRICES set fresh 2018 lows for the third day running in London trade Thursday, dipping below $1286 per ounce as US bond prices continued to fall, pushing longer-term interest rates up to yet more 7-year highs. The rising US Dollar also pushed the Euro currency back down near this week’s drop to the […]
GOLD PRICES fell to new 2018 lows against a rising Dollar for the second day running on Wednesday, falling further below $1300 per ounce as world stock markets dropped and longer-term interest rates touched new 7-year highs after stronger-than-expected US economic data. After Tuesday saw March’s retail sales revised higher while New York State […]
GOLD PRICES stayed flat against a weak US Dollar on Monday in London, holding around $1319 per ounce as violence flared in Jerusalem, where the United States today opened its Embassy to Israel, moving it from Tel Aviv, writes Steffen Grosshauser at BullionVault. Press reports said 41 Palestinians were killed and 1,700 injured as […]
Household bank deposits +39% since crisis as rates plunge… TWO YEARS of sin, ten years of purgatory, and a $4.9 billion balloon payment to reach contrition, writes Adrian Ash at BullionVault. This week’s full and final settlement with the US Department of Justice over pumping out crappy mortgage-backed bonds between 2005-2007 means the […]
GOLD PRICES lagged silver and platinum but neared their first weekly gain in four against the Dollar on Friday, erasing last week’s 0.8% loss to trade at $1324 per ounce. World stock markets also showed a small gain for the week as bond prices rose, edging longer-term interest rates down from their recent multi-year […]
BUY GOLD prices jumped to 4-month highs against the British Pound in London trade Thursday after the Bank of England failed to raise UK interest rates yet again, despite inflation continuing to exceed its official target of 2.0% per year. With Tehran vowing “resistance” and denying it has any military bases in Syria after […]
GOLD PRICES rallied Wednesday in London after dipping within $2.50 of last week’s new 2018 lows versus the Dollar following President Trump’s decision to pull the US out of the 2015 deal with Iran over its nuclear research program. Wholesale gold bullion bars bounced almost $10 per ounce from $1304.50 as world stock markets […]
Like Trump’s man said: Dollar up, gold demand down… SAY WHAT you like about Donald Trump, but he does what he tweets, writes Adrian Ash at BullionVault. “The Dollar is going to get stronger and stronger and ultimately I want to see a strong Dollar,” the grabber-in-chief told CNBC in January…back when the […]
GOLD BULLION rose near 2-year highs against the Australian Dollar on Tuesday even as gold priced in US Dollars fell back below $1310 – its lowest level in more than a month when first reached last week. The second-largest gold mining nation behind China, Australia has grown its annual output by 15% since the […]
GOLD PRICES rose Friday against all major currencies except the US Dollar and Japanese Yen as new data showed unemployment in the United States falling to a new 17-year low. Both the total of jobs added and average pay growth failed to meet analyst forecasts for April. But as more people left the […]
GOLD PRICES rose against all major currencies on Thursday, rallying above $1315 per ounce in Dollar terms after the US Federal Reserve held its key interest rate unchanged. Despite manufacturing survey data this week pointing to bottlenecks and cost-price inflation at a 7-year high, the Fed altered key phrases in Wednesday’s policy decision statement, suggesting […]
GOLD PRICES rallied Wednesday morning ahead of the Federal Reserve’s May meeting on US interest rates, adding 0.5% from yesterday’s drop to within $3 of $1300 per ounce – a level last seen before New Year 2018. Ahead of the Fed’s decision, latest survey data said Tuesday that US manufacturing activity slowed to a […]
GOLD PRICES fell to 6-week lows against the Dollar but held firm against other major currencies in London trade Tuesday, extending its recent pattern into the first day of May. With China and most European financial markets shut for May Day, gold fell 0.4% to $1308 per ounce as the Dollar rose on the […]
GOLD and SILVER PRICES fell in London trade Monday, dropping to 6- and 4-week lows respectively against a rising US Dollar as world stock markets edged higher but commodities dropped. Brent crude oil fell to $73.50 per barrel – some $2 below last week’s 3.5-year highs – after new data showed a jump in US oil […]
GOLD PRICES fell back Friday after new US data showed strong GDP growth but slower inflation, putting the metal on track for its lowest weekly finish in six against the Dollar below $1318 per ounce. Adjusted for inflation, the world’s largest economy expanded at an annualized pace of 2.3% in the first 3 months […]
