Silver’s 13% Jump “Confirms” Recovery in Gold Even as T-Bond Yields Rise

Wholesale gold edged back from last week’s two-month closing high on Monday morning, recording its best London Gold Fix since 18th June above $1375 per ounce. World stock markets slipped, with Indonesia dropping 5.5%, as major government bond prices also fell, driving interest rates higher.

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Gold Nears 10% Monthly Gain Ahead of Fed Decision as US Economy Surges, Inflation Flatlines

The price of wholesale gold fell back to $1320 per ounce Wednesday lunchtime in London as new data showed the US economy expanding faster-than-expected. Second quarter GDP rose 1.7% in real terms from a year earlier, the Bureau of Economic Analysis said.

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Gold Defies “Key Reversal” as China Launches “Mini-Stimulus”, Miners De-Hedge

Wholesale gold rallied from a drop to $1310 per ounce Thursday lunchtime in London, gaining as world stock markets also cut earlier losses. Trading back above $1322 – a two-year low when hit by April’s gold crash – spot bullion also rallied 1.0% for Euro and Sterling investors.

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Bullion “Has Done Enough For Now” as Gold Heads for Biggest Quarterly Drop on Record

Gold bullion fell back towards $1230 per ounce Thursday morning in London, having ticked higher in earlier Asian trading, as stocks and commodities were little changed on the day and the Dollar was also flat after showing little reaction to yesterday’s downward revision for US economic growth.

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“Trend Still Bearish” for Gold Price, “Global Selloff in Risk Assets” Sees Nikkei Enter Bear Market

The spot gold price rose as high as $1394 per ounce during Thursday’s Asian trading, before easing back by lunchtime in London, as European stock markets also fell, following selloffs in the US and Asia. Silver dropped back below $21.90 an ounce after briefly touching $22, while other commodities were also down on the day.

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“Tug of War” in Gold and Silver, “Blame Bernanke” for Recent Volatility in Markets

Gold prices hovered just below $1380 an ounce Wednesday morning in London, with silver trading around $21.80, after the metals failed to break through $1380 and $22 respectively. European stock markets ticked higher by lunchtime – with the exception of Germany’s DAX – regaining some of yesterday’s losses, which were followed by sell offs in the US and Asia.

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