Walter

Gold drops $20, "I'd rather buy silver," says Jim Rogers

By Adrian Ash | December 12, 2013

Wholesale London gold tumbled more than $20 per ounce in quiet trade Thursday morning, falling with world stock markets after the week's "three-day rally [in gold] prompted some profit-taking" according to one dealing desk.

India central bank proposes new gold restrictions

By Ben Traynor | May 3, 2013

Over in India, traditionally the world's biggest gold buying nation, the central bank today proposed new restrictions on gold bullion imports as part of its annual monetary policy statement.

Options Expiration 'Could See Gold Push to $1,800'

By Ben Traynor | November 27, 2012

The dollar gold price fell below $1,750 an ounce Tuesday morning, though it remained near to where it started the week, as stock markets recovered yesterday's losses following news of a deal on Greece's debt burden.

Gold is 'Living Up to Safe Haven Reputation'

By Ben Traynor | November 8, 2012

Spot market gold prices hovered just below $1,720 an ounce Thursday morning in London – 2.4% up on last week's close – while stocks recovered some ground and the dollar ticked higher as central banks in the UK and Europe left monetary policy unchanged.

'Inflation Risks Higher' After Fed Launches QE3

By Ben Traynor | September 14, 2012

Wholesale market gold bullion prices held above $1,770 an ounce for most of Friday morning's London trading, near their six-month highs hit after the US Federal Reserve announced a third round of quantitative easing (QE3).

Gold Prices Rally as Bernanke says ‘Continued’ Stimulus Needed

By Ben Traynor | March 26, 2012

Gold prices rallied to $1,679 per ounce Monday morning US time – up nearly 1% on last week's close – after Federal Reserve chairman Ben Bernanke said "continued accommodative polices" are still needed to support the US economy.

ECB's 'Hands Are Tied' as Euro & UK Rates Unchanged

By Ben Traynor | March 8, 2012

Dollar prices to buy gold were struggling to stay above $1,700 an ounce Thursday lunchtime in London, following the latest monetary policy announcements from the Bank of England and European Central Bank.

Gold Up with Dollar, Germany 'Clear Winner' after S&P Action

By Ben Traynor | January 16, 2012

Spot gold rose to a high of $1,647 per ounce Monday morning in London - 0.8% below last week's peak - while stocks and commodities were broadly flat as markets absorbed Friday's news of cuts to nine Eurozone sovereign credit ratings.

Euro Cost of Buying Gold Up 5% on Week

By Ben Traynor | January 6, 2012

Prices for buying gold hovered around $1,620 per ounce Friday morning in London - becoming marginally more volatile after release of US employment data but failing to establish a definite direction.

Here's Why Goldman Sachs is Staying Long Gold

By Eric McWhinnie | November 16, 2011

Banking giant Goldman Sachs has announced it is staying long gold. Due to low real interest rates, slower US economic growth, and rising debt, the bank has also raised its gold forecast for 2012.

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