Tag: Bullion Vault

Stronger Dollar Makes Gold Rally Difficult, Chinese Buyers On the Sidelines

Stronger Dollar Makes Gold Rally Difficult, Chinese Buyers On the Sidelines

WHOLESALE MARKET gold prices touched their lowest level since the first week of January Friday, hitting $1574 an ounce before recovering some ground, while stocks and commodities fell and US Treasury bonds gained, with dealers in major gold buying countries reporting continued limited demand for precious metals. Silver prices fell to $28.54 an ounce – […]

Gold Breaks 3-Month Rule for 1st Time in 11 Years

Gold Breaks 3-Month Rule for 1st Time in 11 Years

Last time gold fell for 3 months running was March 2001. And so…? IT HAD BECOME so rare, you could take its absence for granted to buy gold on the cheap. Between March 2001 and April 2012, the price of gold never fell for 3 months in succession. So expecting “two months max” made for […]

Gold “Needs to Reclaim $1700″ for Renewed Buying

Gold “Needs to Reclaim $1700″ for Renewed Buying

Gold “Needs to Reclaim $1700″ for Renewed Buying, with Breach of $1600 “Expected to Cause Liquidation” SPOT MARKET gold prices traded as low as $1640 an ounce – less than 1% off the previous day’s high – during Friday morning’s relatively flat London session. European stock markets were also broadly flat, as were commodities, while […]

Useless Gold Overtakes Platinum

Useless Gold Overtakes Platinum

It’s more than “interesting” that platinum prices are lagging gold… Indeed, a trader “could have made a lot of money buying platinum and selling gold since Lehman Brothers,” as Philip Klapwijk, executive chairman of GFMS said Wednesday, taking analyst questions after launching the precious-metals consultancy’s new Gold Survey 2012 at Thomson Reuters’ HQ in London. […]

London Gold Market Report

London Gold Market Report

Gold Gains as Fed Chairman Points to “Continued” Stimulus, Euro Leaders To Increase Bailout Firewall, But Spain “Risks Contagion” WHOLESALE MARKET gold prices jumped to $1679 an ounce ahead of Monday’s US trading – up nearly 1% on last week’s close – while stocks, commodities and the Euro also gained and government bond prices dipped, […]

Gold Looking Vulnerable to the Downside as Fed Takes Surprisingly Dovish Stance

Gold Looking Vulnerable to the Downside as Fed Takes Surprisingly Dovish Stance

WHOLESALE MARKET gold prices dropped to their lowest level in 8-weeks, hitting $1641 an ounce shortly after US markets opened on Wednesday – 4.4% down on the week so far. Stock markets gained while US Treasury bonds fell, following yesterday’s news that US Federal Reserve policy will remain unchanged this month. The Dollar meantime added […]

Gold Buyers “On the Sidelines” Playing “Wait and See” Ahead of FOMC Announcement

Gold Buyers “On the Sidelines” Playing “Wait and See” Ahead of FOMC Announcement

SPOT MARKET gold prices drifted as low as $1694 per ounce Tuesday morning in London – 1.3% down on the week so far – while stocks and commodities rose slightly and US Treasuries dipped ahead of today’s US Federal Reserve interest rate decision. Silver prices fell to $33.43 per ounce – 2.5% down on last […]

China’s “Mystery” Gold Buyer

China’s “Mystery” Gold Buyer

by Adrian Ash BullionVault Was the People’s Bank of China really buying gold at the rate of 1 ounce in every 8 sold worldwide last quarter…? SO THOSE MILITANT crazies known to the mainstream media as “gold bugs” – and to the FBI as subversives – got the headline they’ve been longing for, apparently, last […]

By February 20, 2012 0 Comments Read More →
China’s 2012 Gold Panic

China’s 2012 Gold Panic

by Adrian Ash BullionVault Wednesday, 11 January 2011 China’s latest gold figures look unrelentingly bullish. Too bullish perhaps… SO “GROWTH has [now] replaced inflation as Beijing’s top policy concern,” says Qu Hongbin, Asian economics expert at HSBC in Hong Kong, forecasting three cuts to China’s banking reserve requirements by July. “There is developing in Beijing, […]

By January 11, 2012 0 Comments Read More →
London Gold Market Report 12/20/11 – BullionVault

London Gold Market Report 12/20/11 – BullionVault

from Ben Traynor BullionVault Tuesday 20 December, 08:45 EST Gold “Could Be Weak but Volatile” to End of Year, “Large Scale Liquidity” Required to Restore Confidence to Markets SPOT MARKET gold prices climbed to $1608 an ounce Tuesday lunchtime in London – a 2.8% gain from last week’s low – while stocks and commodities traded […]

By December 20, 2011 0 Comments Read More →
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