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Despite The dollar easing, and increased inflationary reports coming out of China last night, gold still managed to tumble back. CPI in China rose to 2.7% in February, and now markets will be factoring in how the Chinese are going to handle rising inflation. Tightening monetary policy, and even interest rate rises are now a [...]

China’s chief foreign exchange regulator said that they may have limited appetite for buying gold in the international markets, preferring to buy domestic gold from Chinese producers.
Despite being the world’s largest gold producer, there was a school of thought that they may be tempted to buy gold of the IMF, who have made 191 tonnes [...]

As the US Dollar slipped back, it helped push the price of gold a touch higher, but we appear to be stuck in and around these levels, with a two-way pull in play. Dollar weakening will traditionally push gold lower, but the better than expected non-farm payroll figures released on Friday give speculators less need [...]

Gold traders appear to have taken some profits off the table ahead of today’s non farm payroll figures. Having reached seven week highs, the precious metal eased back for the first time in six days, so traders will now run the rule over today’s jobless release to see for signs of inflation. The release [...]

Ahead of today’s raft of economic data, the price of gold remained strong, having traded over the $1,140 level during the session, and hitting seven week highs. Markets will be eyeing the rhetoric from Jean Claude Trichet with regards to the state of the Eurozone, and will be running the rule over US economic data [...]

Gold broke the 75 day moving average and is now trading at six week highs, as attention now turns to a big week on the economic front. Today sees the release of employment figures in the US, and the closely watched Beige Book this evening. Tomorrow we have interest rate decisions in the UK and [...]

Despite US Dollar strength, gold prices remained relatively steady above the $1,100 levels as traders wait to see how the Greek sovereign debt issue will play out. Later this week we expect to see some clarification on the bond issue from Greece, from which markets may then take some directional bias, but at present there [...]

The $1,100 level once again provided some support for gold, as it surged 2% in February. The next level to watch is the 75 day moving average, which stand at $1,121. If this can be broken, traders will be looking to see if we can re-challenge the highs of $1,225. With a raft of economic [...]

Despite an easing of the US Dollar, the price of gold remained pretty much unchanged as commodity traders adopted a wait and see approach, preferring to stay on the sidelines until Ben Bernanke speaks.
The Fed Chairman is scheduled to start his two day testimony at 1500 hours this afternoon, and all eyes will be on [...]

Another lacklustre session saw the price of gold remain pretty stable, as it continues to trade just above the $1,100 level. It would appear that investors are awaiting to hear what Ben Bernanke reveals as he starts his two-day testimony to Congress on Wednesday. The currency markets were stable, and the equity markets remained largely [...]