Market News

  • Market News - Gold Service

    06/14/2019 | Gold Rips to Fresh New High

    What a way to wrap the week with a bang – as of newsletter time, the gold price this Friday was on a tear, hitting a fresh 52-week high.

    Gold prices scored a 13-month high in early U.S. trading Friday. Silver prices are on the march north, too. August gold futures were last up $12.90 an ounce at $1,356.30 while July Comex silver prices were last up $0.198 at $15.09 an ounce.

    The move caught many traders by surprise. But as our friend Todd 'Bubba' Horwitz of bubbatrading.com said, these moves never announce...

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  • Market News - Gold Service

    06/11/2019 | Gold Price Hits 1-Week Low Despite 'Beautiful' Low Inflation Data as T-Bond Yields Rally

    GOLD PRICES fell to 1-week lows against a rising Dollar in London trade Tuesday, losing 2.1% from last week's 14-month high as world stock markets rose with longer-term US interest rates but inflation data pointed lower.

    Ten-year US Treasury yields touched their highest so far this June at 2.17%, up one-tenth of a percentage point from last week's 21-month lows, before edging back down following weaker-than-expected US producer price figures.

    Ahead of tomorrow's US consumer-price inflation data, US wholesale prices...

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  • Market News - Gold Service

    06/06/2019 | GLD Sees Gold Bars Outflow at Price Peak, Bunds Hit New Negative Record as ECB and PBoC Vow 'Support'

    GOLD BARS traded in London's wholesale market rose to new multi-month highs for UK and Euro investors on Thursday, gaining as the European Central Bank vowed to keep its interest rates at record lows for 6 months longer than previously promised.

    Dollar gold prices also edged back, slipping $8 from yesterday's 15-week peak to trade at $1336 even as the US currency slipped ahead of Friday's monthly jobs data – predicted to show a slowdown after a shock reading on the private-sector ADP estimate.

    Promising to "continue...

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  • Market News - Gold Service

    06/05/2019 | China's Gold Price Benchmark Hits Record High as US Fed Vows to 'Sustain Expansion'

    GOLD PRICES rose within $3 of a 13-month high in London trade Wednesday, rising as the Dollar fell and world stock markets struggled despite yestersday's 'dovish' comments on US interest rates from the Federal Reserve.

    Tuesday saw the MSCI World Index make its sharpest 1-day gain since New Year, adding 1.4% after Fed chairman Jerome Powell said the US central bank will "act as appropriate to sustain the expansion" amid the worsening global trade war.

    US and other major government bond yields sank to multi-year lows...

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  • Market News - Gold Service

    05/31/2019 | Gold Prices Jump to 1st Monthly Gain Since Jan as Trump Whacks Peso, Italy Backs 'mini-BOT' Idea

    GOLD PRICES jumped within 70 cents of the $1300 mark in London trade Friday morning, heading for the first monthly gain since January as world stock markets fell and interest rates sank to multi-year lows following US President Trump's threat of trade tariffs against southern neighbor Mexico.

    "China is not the only victim of US trade bullying policies," said a Beijing foreign ministry spokesperson after Trump said he will impose 5% import duty on all Mexican goods from 10 June "unles the illegal immigration problem is remedied" – a move...

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