Gold bullion traded in a narrow range on Monday after bouncing off the $1940 per ounce level last session which some analysts called ‘a bullish signal’, with key inflation data from the US pointing to a faster pace of disinflation
Gold prices rallied from 3-month lows on Monday as geopolitical fears came to the fore following the weekend s apparent mutiny by mercenary Wagner forces in Russia
GOLD PRICES rallied but fell back again Monday in London, slipping below $2000 per ounce amid what analysts called a necessary correction after speculators in Comex derivatives took profit and the giant GLD gold ETF shrank in size for the first week in 5, says Atsuko Whitehouse at BullionVault.
The gold price fell again Monday as European stock markets rallied and banking shares bounced from last week s sell-off, while new data said ETF investment is growing and Comex speculators have turned bullish on gold futures and options
Gold prices rallied from 2-month lows near $1800 on Monday as US recession fears, strong Chinese consumer and possible central-bank demand plus geopolitical tensions at the G20 summit offered support to the precious metal despite a strong Dollar and interest rates