Recent Bullion News

Natixis forecast sees gold price averaging $1,150/oz in 2015

The gold price could average $1,150 and $1,055 per ounce in 2015 and 2016 respectively as the normalisation of Federal Reserve monetary policy and further currency weakness in Europe and Japan drive the dollar higher, Natixis said in a report released on Monday.

 

Palladium drops to 1-yr low, gold price at lowest in one week

Palladium fell to its lowest level in over a year on Monday afternoon London trading, while gold continued to build on losses amid gains in the dollar.

Bullion Price Movement

Spot Prices as of close of trading in New York

Monday, March 30, 2015

 

Gold price fluctuates around $1,200, dollar moves higher

Gold was fluctuating around the psychologically important $1,200 level on Friday afternoon, with the dollar’s advance capping any gains.
 
The spot gold price was last at $1,199.20/1,200 per ounce, down $3 for the session and having hit near-one-month highs on Thursday at $1,119.90.
 
Palladium was the biggest mover, falling $24 or more than three percent to $741/746 per ounce. Silver was last at $17.04/17.09, up one cent, while platinum was $6 lower at $1,141/1,146.
 

Going For Gold, Not Bonds

History is being made. A unique phenomenon is in play that few outside the business media are reporting.
 
Last week, for the first time in its history, Germany sold five-year bonds that guaranteed a negative yield. And Germany is not alone. Eurozone nations, including France, Belgium, Finland, Denmark, Switzerland, Netherlands, Sweden and Austria, have issued bonds with negative yields.