United Kingdom

Gold’s “Consolidation Phase” Continues, “Time to Deliver” for Euro Leaders, China “Shows Growth is Priority”

February 20, 2012 (Vietnamica) — Wholesale market gold bullion prices held above $1730 an ounce in Monday morning’s London trading – roughly in line with where gold has been for much of February – while European stocks and commodities edged higher amid hopes that policymakers might finally approve Greece’s second bailout. US markets are closed for a holiday.

Gold Demand Trends Show Chinese Growth, Indian Weakness &Revival of US Consumers as Fresh Greek Rumors Dent Euro

February 17, 2012 (Vietnamica) — Wholesale market prices to buy gold bullion slipped further on Thursday in London, falling to a three-week low beneath $1709 per ounce as a raft of positive US data buoyed the Dollar, and fresh rumors broke of a Eurozone exit for Greece. Last night’s phone-conference of Euro politicians said that Greece must accept extra budgetary oversight if it is to get the extra bail-out funds to meet March’s critical bond-repayment deadline.

Euro Crisis “Still Supporting Gold” as Germany’s Concerns Grow over Greece’s Second Bailout

February 16, 2012 (Vietnamica) — Spot market gold prices rose to $1732 per ounce Wednesday lunchtime in London, slightly above where they started the week, as European stock markets dipped amid ongoing uncertainty over Greece’s second bailout. Silver prices tested $34 per ounce – 1% above last Friday’s close.

“Sideways Trade” Sees Gold “Supported by Phys. Demand”, Debt Warning “Reality Check” for Britain while Obama Calls for Increased US Spending

February 14, 2012 (Vietnamica) — The wholesale market gold price eased to $1713 per ounce Tuesday lunchtime – 1.1% down on the previous day’s high – while stock and commodity markets were broadly flat despite several European countries having their sovereign ratings or outlooks lowered last night. The silver price dipped to $33.37 per ounce – a 0.8% fall on last week’s close.

What Does the Bank of England Think It’s Doing?

February 14, 2012 (Vietnamica) — Quantitative easing has not worked as advertised so far. Why push ahead with more…? “You’ve lost control – Bank of England takes over,” says the Bank of England’s cute little game for school-kids if you let the hot-air balloon you control crash into the ground, rather than happily floating it around the 2.0% annual inflation target.

Gold Steady Wed. Morning as Dollar Hits 2-Month Low, Job Market “Still Far from Normal” says Bernanke while Bank of England “Could Do £50bn” Additional QE

February 8, 2012 (Vietnamica) — Wholesale market prices for gold bullion held steady just below $1750 per ounce Wednesday morning in London – a 2.2% gain on yesterday’s low – after rallying Tuesday following comments from US Federal Reserve chairman Ben Bernanke. Silver bullion eased slightly this morning after hitting $34.55 per ounce – its highest level since November 16. “Gold faces significant resistance at $1766, but above that look for $1778-1798,” says one gold bullion dealer here in London. The S&P 500 hit its highest level in over six months Tuesday at 1349.24 – 25% up on last October’s low. Gold bullion meantime...

Page 1 of 812 3 4 5...8 »

VIETNAMICA

Feature

New Greek Crisis “Biggest Risk for Gold”, Bank of England “Has Left Door Open” for More QE, Goldman Sachs says “Long Gold Position Recommended”

Flash

DISCUSSION

Weekly Update