LONDON prices for gold reflected subdued dealing Monday morning, slipping 0.9% to $1279 by lunchtime as silver and other commodities also dropped but major government bond price edged higher.
The PRICE OF GOLD rose Friday lunchtime in London, regaining last week's closing level of $1288 per ounce as European stock markets turned higher and the US Dollar slipped.
The WHOLESALE price of gold recovered all this week's previous 2.1% drop by Thursday morning in London, trading back at $1288 before slipping $5 per ounce as the US Dollar steadied on the currency market.
ANALYSTS cited comments from a US Fed policymaker on a likely reduction next month in the pace of asset purchases for a new 1-month low in gold Wednesday morning, with prices eventually bouncing $15 from $1262 per ounce as world stock...
WHOLESALE GOLD bumped up to $1285 Tuesday lunchtime in London, reversing an overnight drop to fresh 3-week lows at $1277 as European stock markets slipped with government bond prices.
WHOLESALE DEALING in gold was muted Monday morning in London, with prices bouncing off their lowest level in almost 4 weeks at $1280 per ounce as European stock markets rose.
The PRICE of GOLD slumped $20 per ounce in 10 minutes Friday lunchtime in London, as the Dollar rose after much stronger than expected US jobs data.
WHOLESALE GOLD turned suddenly volatile lunchtime Thursday in London after the European Central Bank surprised analysts by cutting its key interest rate to a new record low of 0.25%.
LONDON wholesale gold was unchanged Tuesday lunchtime from yesterday or from last week's finish at $1317 per ounce, as European shares again defied a drop in Asian stock markets to tick higher.
WHOLESALE trade in London left the price of gold sitting at last week's finish of $1317 per ounce Monday morning, as European shares rose with government bond prices but commodities slipped.