gold prices

Gold Plunges More than $100/Oz

April 15, 2013

The free-falling price of gold is 7.4% lower than its Friday close and, at $1,389.90, at its weakest level since February 18, 2011.  Oil has plunged 3.5% to $88.13 per ounce, lowest since December. Commodity-sensitive currencies have been depressed sharply.  The U.S. dollar has risen 1.3%, 1.1% and 0.8% against its New Zealand, Australian and […] More

Fresh Blast of Risk Aversion

September 2, 2011

At 13:50 GMT, U.S. share prices were down 1.6-1.7%.  Earlier trading overnight saw equities fall by 1.2% in Japan, 1.8% in Hong Kong, 1.5% in Australia, 1.1% in China and 0.9% in New Zealand.  Europe has seen the most damage, with the German Dax and Paris Cac suffering losses so far of 3.5% and the […] More

Post-FOMC Drop of Dollar and Rise of Gold Extended

April 28, 2011

Gold prices advanced 1.0% overnight to $1531.70 per ounce and are 5.4% above the close of $1453.10 of April 12th. Oil prices are 0.2% lower at $112.60 per barrel. The dollar has fallen 0.5% against the yen, 0.3% relative to the Australian dollar, Canadian dollar, and euro, and 0.2% against sterling, Swiss franc and the […] More