GOLD BARS traded in London’s wholesale market rose to 15-week highs above $1300 per ounce against a falling US Dollar as 2018 got underway on Tuesday, rising almost 1% from before New Year. Global stock markets also gained as the Dollar extended last year’s 9.8% drop against the world’s other leadng currencies – its […]
GOLD BULLION prices rose a second year running in 2017, ending December at the highest annual close in US Dollar terms since the peak of 2012. Having risen 9.1% in 2016 in Dollar terms, gold bullion finished 11.9% higher again in 2017, its strongest gain since 2010 for US investors. Fixing at $1296.50 […]
Forget gold! 2018 investment forecasts love stocks… The NEW European HQ of financial data and news-giant Bloomberg in London really is something, writes Adrian Ash at BullionVault. Amazing views…even more amazing decor and furnishings… …and a genuine Roman temple in the basement! Free to visit, the Temple of Mithras is […]
GOLD PRICES rose against a falling US Dollar on Wednesday morning, touching 2-week highs at $1266 per ounce despite an overnight jump in longer-term US interest rates after lawmakers in Washington voted to approve President Trump’s tax plan. Adjusted for market-based inflation forecasts, 10-year US interest rates typically move opposite to the direction of […]
SPOT GOLD led the other precious metals up towards 2-week highs in London trade Tuesday before slipping back as global equities struggled to extend yesterday’s fresh record highs in the US stock market. The Shanghai and Shenzen stock market closed 1.3% higher at new 2.5-year highs, but Tokyo fell and European equities held flat. […]
GOLD PRICES edged higher against a falling US Dollar on Monday morning in London as world stock markets rose to fresh all-time highs, writes Steffen Grosshauser at BullionVault. Silver tracked gold prices, also dropping against the Euro and British Pound, while platinum jumped. Primarily used in catalysts to clean diesel engine emissions, platinum […]
GOLD BARS rose above 1-week highs against most major currencies in London trade Friday, extending their recovery from this week’s multi-month lows as world stock markets slipped for a second day from new all-time highs. Bond yields eased back as debt prices rose with commodity costs. Popping to $1260 per ounce as the […]
GOLD PRICES rose further in London trade Thursday, gaining $20 per ounce from this week’s 5-month lows after the US Federal Reserve raised its key interest rate as expected. After UK inflation came in at a 6-year high of 3.1%, the Bank of England today voted unanimously to hold its key interest rate at […]
GOLD PRICES rallied $10 per ounce from yesterday’s fresh 5-month lows against the Dollar in Asian trade Wednesday, only to lose half that bounce in London as traders looked to today’s key US monetary policy decision from the Federal Reserve. With US inflation data due later on Wednesday, just before the US Fed’s widely-expected […]
SPOT GOLD prices failed to hold a 0.4% overnight rally from new 5-month lows in London on Tuesday, slipping back as world stock markets rose again ahead of tomorrow’s key US Fed decision on Dollar interest rates amid worsening tensions in the Middle East. Edging back towards $1241 per ounce today, the price of […]
SILVER PRICES failed to follow a small bounce in gold bullion Monday morning in London, holding unchanged versus the US Dollar from New Year 2017 as gold held $100 per ounce higher from January 1st ahead of this week’s long-anticipated US Federal Reserve decision on interest rates. With silver prices slipping towards last week’s […]
If Bitcoin really is like gold, watch out…! NEW YEAR’s DAY 1975 marked a huge turn in the gold market, writes Adrian Ash at BullionVault. Forty years after banning it, the US government at last let private citizens own bullion. Coin shops and banks knew how big this was. So they raced […]
GOLD and SILVER prices steadied above 5-month lows versus the US Dollar in London trade Friday, rallying into the weekend as global stock markets rose. The EuroStoxx 50 index of Europe’s largest corporations added 1.8% for the week. Commodities edged higher but major government bond prices slipped further from Thursday’s drop, when gold […]
GOLD PRICES cut this year’s gain below 9% for US Dollar investors in London trade Thursday morning, dropping to new 4-month lows beneath $1255 per ounce as crypto-currency Bitcoin surged past $15,000 for a 2017 gain of 1,456%. Commodities today slipped overall after Wall Street stock markets closed lower overnight for the fourth session running […]
Governments have abused and distorted our money. How about a ‘Bitcoin standard’…? THIS is a subsection of a book that’s coming later. It seemed worth publishing now, writes Paul Tustain, founder and chairman of BullionVault and co-founder of WhiskyInvestDirect. What is money? Strangely, for something with which we are all so familiar, not one person in […]
GOLD PRICES cut this year’s gain below 9% for US Dollar investors in London trade Thursday morning, dropping to new 4-month lows beneath $1255 per ounce as crypto-currency Bitcoin surged past $15,000 for a 2017 gain of 1,456%. Commodities today slipped overall after Wall Street stock markets closed lower overnight for the fourth session […]
GOLD BARS rallied from yesterday’s 9-week low in Asian and London trade Tuesday as global equities slipped with commodity prices amid rising tensions over Washington’s policies in both the Middle East and towards rogue state North Korea. A Chinese state-run newspaper today gave readers near the border with North Korea a page of “common […]
GOLD PRICES slipped near 1-month lows against a rising US Dollar in London trade on Tuesday, drifting back to $1273 per ounce as world stock markets followed Wall Street lower after Monday’s drop. Commodities fell as major government bond prices edged longer-term interest rates higher. “Gold should encounter significant support at $1269/67 and […]
GOLD PRICES dipped Monday morning as the US Dollar gained following the Senate’s approval of Donald Trump’s tax cuts and Western stock markets rose, writes Steffen Grosshauser at BullionVault. The US Dollar briefly touched a 2-week high after the Senate narrowly approved the Republican Party’s tax overhaul on Saturday, including plans to slash the […]
So the perfect ‘asset’ for this bubble in everything… BITCOIN blew by another milestone, writes Bill Bonner in his Diary of a Rogue Economist. Last week, the world’s first cryptocurrency hit a new record above $10,000. It started off the year trading at just $997. “I can’t believe what happened,” said a friend. “I bought […]
GOLD BULLION prices gave back a rally against the US Dollar on Friday to head for their lowest weekly close in four as European stock markets retreated, relations between Turkey and Nato ally the US worsened again, and Bitcoin rallied 6% below this week’s new all-time record high. Falling back to $1273 per ounce […]
Truly headline news rarely proves good for investors… RADIO 3, the BBC’s classical music station, isn’t known as a hot source of finance tips, writes Adrian Ash at BullionVault. Not beyond recommending the occasional ‘budget price’ recording of Schubert or Schumann for your collection. So when Radio 3’s 7am headlines get between […]
BULLION PRICES slipped again but gold mining shares rose Thursday in London as Asian stock markets followed Wall Street lower but Eurozone equities rose. Crypto-currency Bitcoin jumped and slumped again, retouching yesterday’s low of $9,300 to trade 17% below Wednesday’s fresh all-time record above $11,300. Gold fell 1.7% from Monday’s attempt at 6-week […]
GOLD PRICES dropped on Wednesday as new data said the US economy expanded 3.3% per year between July and September, its fastest pace since 2014. Falling from its 6th attempt above $1296 so far this week, the gold price lost $10 per ounce against a rising US Dollar while silver and platinum fell sharper […]
GOLD PRICES held in a tight $5 per ounce range on Tuesday morning in London as major government bond prices rose, nudging interest rates lower, ahead of key US data and central-bank testimony. Holding within 0.4% of what would be a 6-week high at $1300 per ounce, Dollar gold prices extended their longest run […]
GOLD BUYING grew on Monday morning as Asian stocks resumed their decline and the US Dollar dropped to a 2-month low ahead of tomorrow’s key US Congressional hearing on Donald Trump’s choice of Jerome Powell to replace Janet Yellen as head of the Federal Reserve, writes Steffen Grosshauser at BullionVault. With US consumers expected […]
Well, everything except precious metals… IN A WORLD awash with money, what price the last Leonardo da Vinci in private hands? asks Adrian Ash at BullionVault. Am I bid half-a-billion dollars? Going once, twice…sold! Last week saw Christie’s in New York sell a painting known as Salvator Mundi for over $450 million […]
GOLD BULLION slipped against a falling US Dollar on Friday, heading for a 0.3% weekly drop as the US Thanksgiving holidays left world stockmarkets to edge higher and diplomatic tensions worsened further between Turkey and Washington. With the Dollar dropping again on the FX market, gold trading in London – center of the global […]
GOLD BULLION regained the last of this week’s prior 1.3% loss against a weakening US Dollar in London trade Thursday, as other markets whipped amid uncertainty on the path of US interest rates following yesterday’s release of notes from the Federal Reserve’s latest policy meeting. Holding rates unchanged on 1 November, but signalling a […]
GOLD PRICES recovered two-thirds of this week’s earlier 1.3% drop against the Dollar on Wednesday, trading up to $1286 per ounce as Asian demand edged premiums in China and India higher, and world stock markets rose yet again. Government bond prices sat tight, keeping 10-year US Treasury yields unchanged at 2.36%, in the middle […]
