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By Adrian Ash |
May 24, 2012
The wholesale price of gold investment bars rose 2.0% from yesterday's low to reach $1,569 per ounce in London Thursday morning, recovering from $1,535 for the fourth time since gold hit all-time peaks above $1,900 in late-summer 2011.
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By Adrian Ash |
May 23, 2012
In a credit deflation – which this is – and after being buoyed by the global liquidity surge of the last decade, gold and silver should be expected to hit turbulence at the least. That's even before a resurgence of the all-Apple, Facebook-toting, shale-gas-laden US dollar.
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By Adrian Ash |
May 22, 2012
Wholesale prices to buy gold fell further from $1,600 an ounce in London on Tuesday morning, finding a floor at $1575 as European stock markets rose for the second day running after falling for two weeks in succession.
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By Jon Nadler |
May 21, 2012
Precious metals started the trading week in mixed fashion with initial spot bids showing gold and silver prices marginally lower while platinum and palladium moved higher. The US dollar resumed its upward course this morning after the brief pause on Friday.
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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 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 Jon Nadler |
May 14, 2012
After suffering a roughly 4% loss last week, gold prices headed even lower overnight and this morning as further erosion in crude oil and the euro and further advances in the US dollar made life more difficult for the few remaining bulls in the market.
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By Adrian Ash |
May 14, 2012
The price of gold and gold futures dropped yet again Monday morning, recording the seventh drop in nine trading days in May so far as industrial commodities, global stock markets and the euro currency all sank.
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By Ben Traynor |
May 8, 2012
Wholesale market Gold prices fell to a two-week low of $1,625 per ounce Tuesday morning in London – the first day of London trading since yesterday's bank holiday – as stocks and commodities also fell and the dollar extended recent gains.
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By Jon Nadler |
May 4, 2012
The headline number may have been a “disappointment” but the revisions being made to previous figures offered a healthy counter-balance to be sure. Overall, the data indicate a “pause” in the US recovery but not one that would impel a nice fat little QE3 package.
