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By Jon Nadler |
May 18, 2012
Gold prices rallied by more than 2% on Thursday and by nearly 1% early this morning as the US dollar appeared to slow its upward progress on the trade weighted index. Nevertheless, the dollar – trimmed gains and all – was still up for a 15th day in a row...
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By Adrian Ash |
May 17, 2012
The wholesale market gold price jumped at the start of New York trade on Thursday, cutting the week's previous 3.3% dive to 5-month lows in half as the euro fell and euro zone stock markets slumped once again.
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By Adrian Ash |
May 16, 2012
Benchmark prices to buy gold for London settlement rallied more than $10 an ounce off new five-month lows beneath $1,528 on Wednesday morning, bouncing as the euro, world stock markets and commodity prices also paused this month's sharp liquidation.
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By Mark O'Byrne |
May 16, 2012
Gold traded off in Asia hitting a low of $1,526.80/oz. then recovered as the market opened in Europe and is now trading near $1,537.25. Support at $1,550 has been breached and gold is now testing support between $1,523/oz. and $1,533/oz.
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By Adrian Ash |
May 16, 2012
Economists agree things look bad. They're wrong... Lots of people think the UK economy is doing terribly. They're right, of course. But Britain isn't doing anywhere near as terribly as it will likely do yet.
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By Ben Traynor |
May 15, 2012
Wholesale market gold bullion prices dipped below $1,550 an ounce for the first time since December on Tuesday – a fall of 7% since the start of this month – before regaining some ground by lunchtime in London.
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By Mark O'Byrne |
May 15, 2012
Gold edged up in early Asian trading to $1,560/oz. prior to renewed selling that saw the price fall and gold briefly pierced below support at $1,550/oz. prior to a slight bounce higher in early European trading.
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By Mark O'Byrne |
May 14, 2012
Gold has fallen again today and has now erased the gains for the year. Gold edged up in early Asian trading as bargain hunters lifted prices from four month lows, but gains were capped and prices gradually fell and falls continued in European trading.
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By Ben Traynor |
May 11, 2012
Wholesale market gold prices touched their lowest level since the first week of January Friday, hitting $1,574 an ounce before recovering some ground, while stocks and commodities fell and US Treasury bonds gained.
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By Mark O'Byrne |
May 11, 2012
Gold fell after shares in Asia were hit by JPMorgan's massive $2 billion loss, political turmoil in the euro zone and also by weak economic data from China. The JP Morgan loss could lead to sharper sell offs in markets which could lead to further gold weakness.
