London Fix

Bullion Chart

Precious metals rallied Friday for a second consecutive day as the U.S dollar dipped and gold prices surged toward $1,360 an ounce. The yellow metal capped its third straight monthly gain and has posted six weekly increases in seven weeks.

Speculation that the Fed will weaken the greenback with a second round of monetary easing supported gold. Prices shot up 2.5 percent this week after falling 3.4 percent last week […]

{ 1 comment }

Bullion Charts

Gold and silver prices declined on Friday, cementing their first losing week in six as the U.S. dollar posted its first weekly increase in the same timeframe. Platinum fell as well, but palladium edged higher and will shoot for seven consecutive weekly gains before the end of October […]

{ 0 comments }

A rebounding U.S. dollar pressured gold prices lower Friday, breaking a two-day string of records. Silver retreated as well, dropping from a 30-year high closing price. Still, both precious metals advanced handily this week, capping a fifth straight week of gains. In other market action on Friday, crude oil tumbled to its lowest level in […]

{ 0 comments }

Markets ironically rejoiced Friday following a Labor Department report showing that the U.S. economy shed more jobs in September than expected. The news sealed players’ convictions that the Federal Reserve would ease its monetary policy, which in turn lifted stocks, pressured the dollar to a 15-year low against the yen, and sparked a commodities rally. […]

{ 1 comment }

Precious metals rallied Friday, capping a third straight week of gains. A slumping dollar and expectations of quantitative easing from the Fed continued to drive gold to new records and silver to fresh 30-year highs. The yellow metal started October by reaching all-time high at $1,322.00 an ounce. Silver hit its best price since 1980 […]

{ 0 comments }

Precious metals rallied for a second straight week as gold reached an all-time record of $1,301.60 an ounce while silver hit a fresh 30-year high. The metals were lifted in large part this week as the U.S. dollar continued to show weakness after the Federal Reserve on Tuesday said inflation was lower than target levels […]

{ 0 comments }

Precious metals rallied this week as gold closed at a fresh record for a third time and silver reached a 30-year high. The yellow metal rose 2.5 percent this week, its sixth weekly increase in the past seven weeks. Silver nearly doubled gold’s percent gain, jumping 4.9 percent. Platinum led the metals, advancing 5.1 percent. […]

{ 1 comment }

Markets moved narrowly for the week as concerns over a slowdown competed with mildly upbeat economic reports that gently lifted risk appetite. Gold retreated for a third day on Friday. Prices dipped $4.60 for the week, breaking a string of five weekly increases. Other precious metals followed gold’s negative direction. Silver notably breached the $20 […]

{ 0 comments }

A better-than-expected U.S. unemployment report Friday was credited for lifting stocks but pressuring gold. However, gold steadied later after data showed growth in service industries weakened in August. Although the yellow metal declined slightly for the day, it still registered a fifth straight week of gains, rising 1.1 percent. Other precious metals moved higher both […]

{ 1 comment }

U.S. gold prices edged 20 cents higher on Friday, capping a string of four consecutive weekly gains. Gold continued to ride on the back of safe-haven buying driven by recovery concerns. But it was silver that shined the brightest, soaring 5.8 percent for the week and hitting a two-month high above $19 an ounce. Palladium […]

{ 1 comment }