Tag Archives: Gold

Spot Gold prices have rallied for a third consecutive session Wednesday, trading at its best level in nearly two weeks, buoyed by growing geopolitical tensions between Iran and the West. Gold prices reached an intra-day high of $1613.26 shortly after European stocks opened, before prices corrected back to $1603.75.

Spot Gold prices received a boost yesterday joining in a risk rally on the back of firmer Chinese, Indian and Australian PMI data and later compounded by a global PMI returning above 50.0. Stronger equity markets, and Crude Oil rising on the back of increased US/Iran tensions in the Gulf also added to the more […]

Precious metals and Gold slip into negative territory as the USD rebounds though the market, according to some analysts, had switched on to risk-on mode. Spot Gold rose about 2.2% overnight to close above $1,600/oz as investors saw a bargain in rattled markets and strength in global manufacturing activity which points to steady demand.

Spot Gold is higher in Europe Tuesday, buoyed by a more positive tone across the broader markets and expectations among some analysts and traders that the yellow metal’s recent downtrend may be almost over. At 1122 GMT, the spot price of Gold was $1,591.08 a troy ounce, up $26.58 or 1.7% on the day.

Spot Gold prices started a recovery last Friday after a sharp fall to $1522.75 on Thursday as the EUR/USD broke down through $1.2900. The end of the year saw the metal pick up from $1545 to $1581.60 before closing out the year around $1565.

The price of Gold is on track to record its 11th consecutive annual rise, despite a disappointing final few weeks for market bulls that have significantly pared the market’s gains and clouded the short-term outlook for the precious metal.

Spot Gold prices have finally staged a recovery, after falling yesterday to $1522.65, the lowest levels seen since July. Thursday’s low has now seen gold tumble $399 from its record high of $1921.15 back on the 6 Jun. As previously reported by MNI, it’s becoming more apparent that investors are now clearly showing a preference […]

Spot Gold fell to multi-month lows yesterdays as the EUR/USD hit 2011 lows as long liquidations continue into the year end. Investors have been seen turning out of the metal in preference for equities with several fund managers apparently leading the way.

Spot GOLD prices continue to decline in London, with an intra-day low of $1544.15 posted so far at 0720GMT. Prices picked up moderately to $1556.43 shortly before the European equity opening, but have since slipped back to currently trade at $1549.53, down 5.9 points on the day.