Gold was back in favour again as the UK became the latest country to see interest rates go negative.
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A couple of hours into US trading spot gold was US$7 higher at US$1,341
oon after US trading got underway spot gold was flat at US$1,335
Gold headed lower as the US non-farm payrolls number for July was much stronger than forecast.
A couple of hours into US trading spot gold was US$6 higher at US$1,363
The World Gold Council sees a “perfect storm” of failing monetary policy and economic uncertainty post-Brexit.
Gold rose on Tuesday as investors decided the prospect of a rate rise may have been put back possibly into 2017.
A poor read for the US economy’s GDP in the second quarter underpinned the metal’s appeal
After the recent wobble gold was back in the sunshine again
Gold surged by US$20 while platinum hit a 14-month high
Gold was up slightly as investors waited for the result of the latest meeting of the US Federal Reserve.
The gold price bucked recent trends ahead of the Federal Reserve’s policy meeting
After recording back-to-back weeks of losses, the price of gold fell again on Monday as speculation grows that the Fed will hike interest rates soon
The precious metal headed for its second consecutive weekly fall as investors continue to rediscover their risk appetite
Gold bounced off yesterday’s three week, although strong US data and increased speculation of a rate hike hamper the precious metal
Gold, silver and platinum all declined sharply on Wednesday as analysts renew their expectations of a Fed rate hike in the coming months