Adrian Ash

GOLD PRICES held onto yesterday’s steep rise in all major currencies on Tuesday, trading near 7-year highs in US Dollar terms as world stock markets rebounded but Washington and Tehran threatened fresh violence against each other following the assassination of a senior Iranian military chief.

GOLD PRICES ended 2019 with their 3rd highest annual finish in US Dollar terms while setting fresh New Year’s Eve records in all other major currencies except the Swiss Franc.

GOLD PRICES held unchanged again on Thursday as world stock markets retreated from this week’s new record highs following last night’s impeachment of Donald Trump by the US House of Congress.

GOLD TRADING in London was quiet Tuesday, keeping prices in a tight $5 range as Western stock markets edged back from yesterday’s new record highs.

GOLD PRICES held firm against a solid US Dollar in London trade Friday, heading for the highest weekly close in 6 even as global stock markets rose to new all-time highs following a solid victory for the UK’s Brexit-backing Conservative Party and amid rumors that a ‘phase one’ US-China trade deal is imminent.

GOLD PRICES rallied on Tuesday in London, halving Friday’s $20 plunge against a fast-weakening US Dollar as world stock markets struggled below last week’s near-record highs and the British Pound jumped ahead of the UK General Election.

GOLD PRICES sank Friday lunchtime in London, erasing the week’s earlier gains as China offered the United States an “olive branch” in trade talks, and new US jobs data blew past analyst forecasts with the strongest growth since New Year

GOLD PRICES held unchanged against a falling US Dollar in London trade Thursday, keeping a $15 gain for the week so far but taking the metal down to multi-month lows for UK investors as world stock markets rose together with longer-term interest rates.

GOLD PRICES slipped but held on track for the highest weekly close in 6 after new data from the Bureau of Labor Statistics said the United States jobs market was stronger than analysts expected in October.

GOLD held little changed Wednesday morning ahead of the US Federal Reserve’s October decision on Dollar interest rates and QE asset purchases, trading at $1491 per ounce as world stock markets also moved sideways.

GOLD PRICES reclaimed last week’s closing level in Dollar terms Wednesday as tensions between Nato military alliance members the US and Turkey worsened over Syria and Iran, while new data showed US retail sales defying analyst forecasts

An opinion poll from Donald Trump’s favored Fox News channel says the President faces strong US public backing for impeachment over allegedly asking Ukraine to investigate domestic rival Biden.

GOLD PRICES regained all or most of this week’s prior loss against all major currencies on Wednesday in London, trading up to $1488 per ounce for Dollar investors as world stock markets sank following New York’s plunge on the weakest US manufacturing data in a decade.

GOLD PRICES held on track for the highest monthly finish in 6.5 years in Dollar terms in London on Friday, heading for a $100 per ounce gain this August.

The PRICE of gold bullion bars retreated but held near multi-year or record highs against most currencies in London trade Thursday, edging back as major government bonds also slipped while global stock markets rallied.

GOLD BARS traded in London’s wholesale market slipped to 2-week lows against most major currencies except the Euro on Thursday, losing 1.5% for the week so far as longer-term interest rates rose from their recent all-time lows in the bond market on news that the US Federal Reserve is cautious about cutting interest rates further.

GOLD PRICES steadied once more around $1500 per ounce in London trade Wednesday – a new 6-year high when reached earlier this month – as Western stock markets rallied and bond prices slipped after US President Trump said he’s considering fresh tax cuts to stimulate the world’s largest economy.

GOLD PRICES edged back above $1500 per ounce in London trade Tuesday, recovering what was a new 6-year high just 2 weeks ago as world stock markets slipped from yesterday’s bounce and the US Dollar rose yet again on the currency market.

GOLD PRICES rallied from yesterday’s pullback in London on Friday, heading for a small weekly gain versus most major currencies except the US Dollar and Chinese Yen as world stock markets rose following Wall Street’s fresh all-time intraday records.

GOLD and SILVER PRICES spiked overnight in Asia trade on Friday as US President Trump claimed that a US Navy assault ship had shot down an Iranian drone threatening to attack it. Gold then eased back $15 in London business, retreating from its new 6-year Dollar high of $1452 to show a 1.6% gain for the week.

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