Gold prices are poised to achieve new record highs in all major currencies during London s afternoon benchmark auction on Wednesday. Meanwhile, silver has surged to a two-year peak, despite the release of stronger-than-anticipated US private payroll data.
The price of gold steadied on Monday close to new all-time record highs in all currencies as the Shanghai premium rose, signalling strong demand in No.1 consumer China
Gold prices set another fresh all-time high Monday afternoon in London trading after speculators in Comex futures and options doubled their bullish position but ETF investors sold out yet again
The gold price rose further above $2000 on Monday, extending last week s short covering rebound in Comex futures and options trading while silver slipped as China s markets reopened after Lunar New Year
Gold prices jumped Monday ahead of this week s US Fed interest-rate decision after US President Biden pledged retaliation for Iran-backed militia killing 3 soldiers while debt-plagued Chinese property giant Evergrande was ordered into liquidation