Gold & Euro Tied Together as US Dollar “Loses Safe Haven Status”

By Adrian Ash, GoldSeek London Gold Market Report THE PRICE OF GOLD dipped 0.5% Wednesday morning in London, slipping to $1,012.50 per ounce as Asian stocks closed the day lower but European shares rose. Government bond prices fell, pushing the yield offered by 10-year US Treasuries back to last week’s finish near 3.47%. Crude oil eased [...]

Gold & Euro Fall in Sync on “Risk Aversion”, Physical Dealing Hits Summer Lull

By Adrian Ash, GoldSeek London Gold Market Report SPOT GOLD PRICES reversed an early 0.8% bounce Tuesday lunchtime in London, drifting back to $936 an ounce as the Euro currency, commodities and world stock markets dipped on worse-than-expected US housing data. Home-improvement giant Home Depot reported only a 7% drop in its second-quarter earnings. But [...]