Gold rose toward $1,425 an ounce on Friday as U.S. February payrolls data supported expectations the Federal Reserve will hold off tightening monetary policy and as unrest in North Africa continued.
The U.S. Federal Reserve is right to carry on with its cheap money policy to fight high unemployment, but policymakers must stay on guard for signs of inflation, two top Fed officials said on Thursday. Atlanta Fed President Dennis Lockhart, speaking in Tallahassee, Fla., said the Fed should stay vigilant for any rise in inflation
Gold fell nearly 1.5 percent on Thursday, snapping a four-day winning streak as indications the European Central Bank may raise interest rates to battle inflation dented bullion's investment appeal.
Gold and Silver Bullion prices fell sharply London lunchtime on Thursday, bouncing 1.5% and 2.3% below this week's record Dollar highs after European Central Bank president Jean-Claude Trichet said a Eurozone rate rise is possible next month.
The European Central Bank (ECB) held the benchmark rate at a record low of 1 percent for the 23rd consecutive month.
Gross domestic product (GDP) of the eurozone grew 0.3 percent in the last quarter of 2010, mainly boosted by exports from the region, according to the second estimates released by Eurostat on Thursday.
The chances of Portugal accepting a bailout has increased as hopes of reining in the borrowing costs of peripheral European governments have faded.
Inflation in the eurozone rose from 2.3 percent in January to 2.4 percent in February year-on-year, according to the initial estimates by Eurostat.
Manufacturing activity in the eurozone accelerated to a near 11-year high in February but input costs continued to rise, signaling inflationary pressures in the region.
Irish opposition parties started coalition talks on Monday after a resounding election win gave them the mandate to renegotiate an EU-IMF rescue deal they fear will bankrupt the former Celtic Tiger economy.
Gold rose to $1,413 an ounce in Europe on Monday as turmoil in the Middle East region lifted safe-haven buying and fueled a fresh spike in oil prices, stoking concerns over U.S. growth and knocking the dollar.
Inflation in the eurozone was lower than initially estimated in January, but it still remained above the European Central Bank’s (ECB) target.
Irish voters went to the polls on Friday to punish their government for bringing the former Celtic Tiger economy to its knees and leaving it a ward of the European Union and International Monetary Fund.
Inflation did not immediately follow because of the severity of the economic recession. However, as some economists correctly predicted, it was only a matter of time. In Europe, it's starting to heat up.
Activity in the euro zone's private sector grew faster than expected this month, particularly in the bloc's factories, but the upturn is driving prices higher, business surveys showed on Monday.
Gold inched up on Monday, adding to a weekly gain of nearly 3 percent last week as fears over a European debt crisis and growing unrest in the Middle East underpinned investor sentiment.
Silver Prices today jumped to fresh 31-year highs at $32.84 per ounce, outpacing the rise in gold prices more than 3 times over since the two metals turned sharply higher three weeks ago.
Jens Weidmann has been named chief of the Bundesbank, replacing Axel Weber who recently quit for “personal reasons.”
Gold rose above $1,360 an ounce on Monday on fears that Egypt's unrest could spread across the Arab world, while silver gained 2 percent on strong industrial demand driven by signs of an improving economy.
Gold rose above $1,360 an ounce on Monday as the dollar's retreat from highs versus the euro took some pressure off prices, with a second consecutive weekly price rise underpinning investors' confidence in the metal.
Resurgence of far-right in Europe (SLIDESHOW)
The chief of Germany’s central bank Axel Weber will resign from his job at the end of April, according the German government, following a meeting with German chancellor Angela Merkel