Recent Bullion News

Gold price surges, poor US data fuels move towards $1,300/oz

The gold price surged on Tuesday afternoon when disappointing US durable goods orders sparked a near-$20 move towards $1,300.

 

Thailand to launch physical gold exchange

The Stock Exchange of Thailand (SET) is preparing to launch the country’s first physical gold exchange, subject to approval from the relevant authorities, it confirmed to FastMarkets.

 

Bullion Price Movement

Spot Prices as of close of trading in New York

Tuesday, January 27, 2015

 

Gold losses continue, investors cash in on higher price

The gold price continued to fall in Monday afternoon London trading while investors close out safe-haven positions in light of the Greek election results.

 

Swiss Franc Wiped Out Everest’s Main Fund

Marko Dimitrijevic made a smart bet in December. The hedge fund manager, wagering the Swiss franc would fall, profited after voters there rejected a plan to have the central bank hold a fifth of its assets in gold.