Daily gold report: Thursday 28th June

Spot gold prices continued to climb during the Asian and early London sessions on Thursday, hitting $647 just ahead of the US open – a gain of 1% from the low hit on Monday.

SPOT GOLD PRICES continued to climb during the Asian and early London sessions on Thursday, hitting $647 just ahead of the US open a gain of 1% from the low hit on Monday.

The move was slightly muted for British investors, as the Pound rose back above $2.00 versus the Dollar to a two-month high on the currency markets. That capped the Sterling price of gold at £323.22 per ounce by lunchtime in London.

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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.