Daily gold report: Thursday 26th July

Spot gold prices held flat from last night's US close by lunchtime in London on Thursday, pulling back $2 from an overnight spike to trade at $675.50 per ounce.

Spot gold prices held flat from last night's US close by lunchtime in London on Thursday, pulling back $2 from an overnight spike to trade at $675.50 per ounce.

The metal had earlier closed Hong Kong unchanged at the same level. Gold dealers in the crucial Indian market where jewelry and investment-bar demand accounted for one ounce of gold in every five sold worldwide last year reported slower sales after gold's recent rally to 11-week highs against the Dollar.

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Adrian has written all things gold related from if it’s worth buying, what the real price of gold should be and what’s the point of gold for MoneyWeek. He has also written for other leading money titles on his gold expertise including Business Insider, Forbes, City A.M, Yahoo Finance and What Investment Magazine. Now Adrian is head of the research desk at BullionVault, a physical market for gold and silver for private investors online.