The PRICE of GOLD marked the 5th anniversary of Lehman Brothers' collapse by sliding $25 per ounce Friday morning, finally bouncing from a new 5-week low at $1305.
LONDON PRICES for wholesale gold slipped to 1-month lows at $1334 per ounce Thursday lunchtime, extending an early $20 slump in what one dealer called "anaemic trade".
WHOLESALE bullion prices bounced on Wednesday from new 3-week lows as the US cancelled a Congressional vote on Syria, and traders pointed to next week's expected "tapering" of quantitative easing by the Federal Reserve.
Looking ahead to next week's US Federal Reserve announcement, "Tapering to the tune of $10bn-15bn has in our view been priced in," says a note from Bank of America-Merrill Lynch analysts.
The PRICE of GOLD edged $10 per ounce lower Monday morning in what dealers called "dull, thin" trade following Friday's sharp jump on US jobs data.
The PRICE of gold jumped $33 from a new 10-session low in just 5 minutes on Friday, touching $1393 per ounce before easing back after August's Non-Farm Payrolls data on US jobs came in weaker than expected.
One nation's recovery is another's credit crisis. Time to sell gold...COTTON is it, for the second anniversary? Today marked two years since gold hit its all-time peak so far.
LONDON DELIVERY gold rose back to last week's closing level of $1395 per ounce Thursday morning, reversing an overnight drop of 1.0% as Asian stock markets rose but Europe stocks held flat.
WHOLESALE GOLD fell back below $1400 per ounce for the third day running Wednesday lunchtime in London, dropping to $1393 and trading 1.7% below yesterday's high as crude oil and world stock markets both fell 0.5%.
WHOLESALE London prices for physical gold jumped $15 from a drop to $1384 per ounce Tuesday morning, gaining after the Interfax news agency in Russia – political ally of Syria's President Assad – reported two "objects" being fired in the...