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Heavy Influences on Gold Prices Expected This Week

Heightened tensions between Russia and the West, together with continued violence in the Middle-East is holding gold prices above the $1300 mark despite a stronger dollar. Strong US economic data is raising optimism for the health of the global economy, but warring political factors is dampening the enthusiasm of investors. As a result of geo-political […]

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gold-bullion

Gold Starts The Week With A Heavy Fall

The economic uncertainty in Europe pushed gold prices up over $1339 last, but the dire state of the Eurozone does not appear to be troubling traders in the Far East as they profited from sales and dragged the yellow metal down to $1320 before 11am GMT. Precious metals recorded gains for six straight weeks last […]

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gold-bullion

Will Silver Dictate Precious Metal Prices in July?

There is a murmur on Wall Street that silver will take over from gold as the new driver for precious metals in July. Silver usually follows her more reputable sister in the price charts, but with a consistently strong performance throughout June, some analysts are predicted silver will dictate prices this month. Technical data certainly […]

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gold-bullion

China Find $15bn of Fraudulent Gold in System

Bloomberg reports the chief auditor of China’s financial institutions has found $15.2bn worth of loans backed by gold transactions are fraudulent. The finding of such a high amount of fake gold in the system could seriously backfire on the economy and the price of gold bullion. The National Audit Office found 25 bullion firms involved […]

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gold-bullion

The Gold Battle Between East And West

There appears to be a price war on precious metals at the moment. The Asian market is intent in bring prices down whereas the Wall Street needs to buy. It’s making a rollercoaster of the market and presenting traders with prime opportunities to make short-term gains. Gold prices were dragged to almost $1305 an ounce […]

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