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Tag: gold prices

How The June U.S. Jobs Report Impacted Gold Prices | Nasdaq.com

How The June U.S. Jobs Report Impacted Gold Prices | Nasdaq.com

The Labor Department reported job gains totaling 222,000 for the month of June, a figure which was much higher than expected. The favorable jobs report strengthened expectations of the Federal Reserve staying on course for another 25 basis point rate hike in 2017, translating into more pressure on gold prices . Gold is largely seen […]

Gold pricing: a simple explanation | LegacyGold

Gold pricing: a simple explanation | LegacyGold

When you first think about buying gold, whether it’s a 1g bar or wafer, a 10g bar or a 1 kilo Bullion Bar, the way that it is priced can seem confusing. Don’t worry – we were all new to the game once! Let’s strip it down to the basics: Gold Bullion is 999.9 Fine […]

Gold pricing power to move to Shanghai over time | lawrieongold

Gold pricing power to move to Shanghai over time | lawrieongold

The New York gold price closed Tuesday at $1,068.10 down from $1,071.70.  In Asia and London, prices were at $1,071.25 with the dollar index slightly higher at 98.18 up from 98.02. The LBMA gold price was set at $1,067.80. The euro slipped slightly to $1.0925 down from $1.0969 on Tuesday against the dollar. The gold […]

Gold exchanges promise pricing transparency | Business Standard News

Gold exchanges promise pricing transparency | Business Standard News

Anyone can set up a gold exchange because there are no rules yet. Eventually though, gold exchanges will need to be regulated because it involves risks that could affect trading. “Gold exchanges will improve price transparency and improve gold-related infrastructure in India and bring over-the-counter trades on the exchange’s platform,” says Somasundaram PR, India managing […]