Gold News

Gold sinks as the weekend begins

Gold sank through Friday's PM fix and continued falling below $623 as the weekend began.

"Prices are down because the Dollar is stronger," said one wag to the newswires. "Gold has come off quite a bit in the last few days."

Either he didn't notice or care that gold in fact reached new four-week lows in all major currencies. But analysts continue to watch the Dollar closely after US data pulled both ways on the currency markets.

First came news that US consumer prices, after falling for two months, were unchanged in November. But net capital inflows into the US rose in October, outstripping its trade deficit for the month.

That's a whole heap of money! China alone earned $24.4bn shipping cheap goods to the US in October – which is why the US sent a special gift to Beijing this week. For the whole story, click here now...

Adrian Ash

Adrian Ash, BullionVault Gold News

Adrian Ash is director of research at BullionVault, the world-leading physical gold, silver and platinum market for private investors online. Formerly head of editorial at London's top publisher of private-investment advice, he was City correspondent for The Daily Reckoning from 2003 to 2008, and he has now been researching and writing daily analysis of precious metals and the wider financial markets for over 20 years. A frequent guest on BBC radio and television, Adrian is regularly quoted by the Financial Times, MarketWatch and many other respected news outlets, and his views from inside the bullion market have been sought by the Economist magazine, CNBC, Bloomberg, Germany's Handelsblatt and FAZ, plus Italy's Il Sole 24 Ore.

See the full archive of Adrian Ash articles on GoldNews.

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