It took a while for the financial media to catch on. ‘Gold funds fattened on war, global instability and a falling Dollar in 2003,’ said USA Today as the next year began. The paper failed …
Gold: Insurance or risk asset?
Category: Gold
Daily gold report: Wednesday 25th July
Spot gold prices fell below $680 for the first time in four sessions early Wednesday, sinking 1.3% from Tuesday’s peak to dip beneath $677 per ounce – the current trendline of the rally starting in …
Daily gold report: Tuesday 24th July
Spot gold prices recovered $683 per ounce by late morning in London on Tuesday, but remained shy of yesterday’s 11-week peak $2 higher. ‘There is good-sized buying out there with the current market price,’ said …
Daily gold report: Monday 23rd July
The price of gold traded in a tight range early Monday, briefly nearing Friday’s two-month high of $685 per ounce before recording the highest Gold Fix in London since May 9th at $683.50. ‘Gold seems to …
A “table banging” opportunity to buy gold
“People rightly buy gold when they see inflation ahead,” said William Rees-Mogg at a recent meeting of private investors in the City. With the Bank of England struggling to maintain its inflation target, the current …
Daily gold report: Friday 20th July
Gold pulled back from a fresh nine-week high overnight to hold steady above $676 per ounce during the Asian and early London sessions on Friday. Trading more than 1.3% above last week’s Dollar close, gold …
Daily gold report: Thursday 19th July
The gold price rose nearly 1% by mid-morning in London on Thursday, reaching $673 per ounce by the Morning Fix – the highest fix in US Dollars since May 14th. Priced against Euros, gold hit …
Daily gold report: Wednesday 18th July
Spot gold prices rose steadily throughout the Asian session on Wednesday, hitting a new high for the week above $669.90 before slipping to $667.75 per ounce at the AM Fix in London – the highest …
Daily gold report: Tuesday 17th July
Gold slipped nearly $2 per ounce during the first-half of London trade on Tuesday, nearing the US open below $665, its lowest price since Thursday. ‘The Dollar is still the main driver of gold prices …
Daily gold report: Monday 16th July
THE PRICE OF GOLD barely moved early Monday, trading in a $1 range before rising to break $668 per ounce as the US open drew near. ‘Overall trading is not that great, and I don’t see …