GOLD BULLION held onto yesterday’s 1.1% plunge in Asian and London trade Tuesday, moving sideways as world stock markets rose with government bond prices despite the threat of fresh elections in Germany and the rapid escalation of political tensions between Nato military alliance members Turkey and the United States. With commodities holding firm overall, […]
GOLD BULLION slipped together with silver and platinum ahead of the US open on Monday, down 0.5% from last week’s 1-month high just below $1300 per ounce as world stock markets fell following the weekend’s collapse of coalition government talks in Germany. With pundits calling it Germany’s “worst political crisis in decades”, current Chancellor […]
How the 1967 devaluation of Sterling killed the Gold Standard… THIS WEEKEND will mark 50 years since Harold Wilson’s infamous devaluation of Sterling, writes Adrian Ash at BullionVault. Hoping to cut the trade deficit by making imports dearer and exports cheaper, the Labour prime minister claimed that the “Pound in your pocket” hadn’t […]
GOLD PRICE gains of 0.5% from last Friday’s finish held firm in London trade today as world stock markets recovered more of this week’s drop and commodities also rallied after falling from their recent multi-year highs. Gold held at $1282, some $5 per ounce below Wednesday’s attempt at 4-week highs versus the US Dollar. […]
GOLD PRICES edged back up to $1280 per ounce on Thursday in London as world stock markets rose for the first session in six. With gold prices trading just $10 per ounce above the 13-week closing low of week-ending Friday 3 November, so-called “junk bond” prices also rallied with equities. US corporate bonds […]
Not stocks, bonds, seashells or Yap stones either… ONE KEY requirement of money, writes Adrian Ash at BullionVault, is that it doesn’t drop 27% of its purchasing power inside 4 days… …only to regain all that drop again in the following 72 hours. This kind of hyper-volatility signalled the death of the […]
GOLD PRICES jumped to 4-week highs against a weakening US Dollar in London trade Wednesday lunchtime, reaching $1288 per ounce as world stock markets followed Wall Street lower for the 5th session running. New data today showed US inflation holding at the Federal Reserve’s 2.0% annual target in October, while retail sales rose 4.6% […]
COMEX GOLD contracts recovered a $5 drop against a weakening US Dollar in London lunchtime trade Tuesday, rising back to last week’s finish at $1275 after what analysts called another “large sell” order on the futures market. Commodities retreated and bond prices edged higher as world stock markets fell again. Germany’s Dax dropped […]
GOLD PRICES traded in a narrow $5 range above last week’s close on Monday morning in London as expectations held firm for a US Fed rate hike next month and the British Pound dropped amid fresh doubts over Prime Minister Theresa May’s leadership, writes Steffen Grosshauser at BullionVault. Gold prices climbed to $1279 per […]
GOLD PRICES slipped but held 1.1% higher from last Friday’s 13-week closing low in Dollar terms today as world equities followed Wall Street further below the stock market’s recent all-time highs. Silver held the same weekly gain at $17.02 per ounce, while platinum prices traded 1.7% higher from last Friday above $936. Crude […]
BUY GOLD prices traded at 3-week highs and more against all major currencies outside the Japanese Yen on Thursday, rising despite new data showing the weakest 12-monthly gold demand since early 2010. Global gold buying demand fell below 4,000 tonnes between October 2016 and September this year, with global gold mining output larger by […]
GOLD PRICE gains of 0.9% for the week so far held firm in London trade Wednesday as world stock markets flat-lined with bonds and commodities, and news spread that hundreds of millions of dollars held in crypto-currency Ethereum have been potentially lost by a developer “error”. Between $150-300 million-worth of crypto-currency was either frozen […]
GOLD PRICES held most of yesterday’s 1.0% jump against the Dollar and touched new 3-week highs for Euro investors on Tuesday, trading higher as crude oil rose and Saudi Arabia accused Iran of “direct military aggression” tantamount to a declaration of war. Wall Street’s S&P500 index of US stocks ended Monday with its 11th […]
GOLD PRICES rose in all major currencies outside a rallying British Pound on Monday, gaining as crude oil hit 2-year highs amid political turmoil and violence in the Middle East. Gold prices rallied back to $1272 per ounce as oil futures rose to their highest Dollar price since mid-2015, breaching $62 per barrel of […]
GOLD PRICES gave back a $5 pop on new US jobs data Friday to near the weekend at $1269 per ounce – a 13-week closing low – as world stock markets slipped from new all-time highs. Crude oil rose but base metals eased back further from their 25% gains of the last 6 months. […]
GOLD PRICES held or rose near multi-week highs for most investors outside the US Dollar and Euro on Thursday, as the Bank of England followed the Federal Reserve’s widely expected “no change” decision by raising UK rates off an all-time record low as analysts and traders had forecast. The Pound fell hard on the […]
GOLD PRICE gains of 0.9% overnight evaporated against a rising US Dollar in London on Wednesday ahead of the Federal Reserve’s latest policy decision, widely-expected to leave interest rates and QE unchanged. Gold popped to 1-week highs at $1280 per ounce in Asian trade overnight as the Caixin PMI survey said Chinese manufacturing activity […]
Bitcoin ‘to da moon!’ is slaying Google searches to ‘buy silver’… QUICK! Can you name this asset? asks Adrian Ash at BullionVault. There’s not a moment to lose… It’s got a storming story – new technology, China, mass adoption, the future, you name it; Scarcity is guaranteed (kinda), with a huge shortage certain […]
GOLD PRICE gains of 0.5% evaporated in Dollar terms in London trade Tuesday as European stock markets rose with government bond prices despite the “internationalization” to Belgium of Catalonia’s separatist push against Spain. With Dollar-gold trading down to last week’s finish at $1272 per ounce — the lowest Friday close since early August — the […]
GOLD PRICES inched lower on Monday morning in London ahead of a busy week for central bank policy meetings, plus Donald Trump’s pick for the next head of the US Federal Reserve, writes Steffen Grosshauser at BullionVault. After the European Central Bank slowed its QE stimulus growth last week, the Bank of Japan will […]
GOLD BULLION headed for its lowest weekly close since the start of August today, losing over 1% against the rising Dollar from last Friday’s finish as world stock markets rose yet again. After Thursday’s latest data showed the US trade deficit, jobless benefit claims and pending home-sales all worsening, GDP figures for July to […]
GOLD PRICES fell against a rising US Dollar on Thursday but erased this week’s earlier 0.7% loss versus the Euro currency as the European Central Bank unveiled a smaller than expected “taper” of its quantitative easing program. Vowing to keep its zero and negative interest-rate policy unchanged “for an extended period [and] well past […]
The dumbest investing idea you’ll read before the next stockmarket crash… SO LAST WEEK’s LBMA conference in Barcelona coincided not only with the city’s split over independence for Catalonia, writes Adrian Ash at BullionVault. It also saw the 30th anniversary of the 1987 stock market crash, the sharpest ever plunge in major world […]
Barcelona conference loved palladium, shrugs at gold prices… GOLD PRICES again proved the least interesting and least discussed issue at this year’s LBMA conference, writes Adrian Ash at BullionVault. Palladium everyone loves. It’s got narrative (gasoline hybrid autos need pall’ catalysts, while platinum’s diesel market is hated by lawmakers and headline-writers) plus momentum […]
Precious metals history and macro-outlook from LBMA conference… LITTLE so far on precious metals prices or supply and demand at LBMA 2017 here in Barcelona, writes Adrian Ash at BullionVault. Not directly at least. But the market itself cares little about price direction. The refiners, carriers, vaulters, dealers, brokers and bankers meeting at the London […]
Independence a big issue as LBMA conference hits the Catalan capital… THIS WEEKEND kicks off the precious metals chit-chat and all-round fun-fest of the bullion market’s key industry event, writes Adrian Ash at BullionVault – the annual LBMA conference… …cleverly timed this year to take place in Barcelona. You’ll find all the […]
Measured and authoritative. So there… SO WHAT qualities might Donald Trump want in the next chair of the Federal Reserve? asks Adrian Ash at BullionVault. “We’ll do whatever we can do to prevent Kevin Warsh from taking on the role,” says Jennifer Epps-Addison, president of the self-declared ‘pro-worker, pro-immigrant’ Center for Popular Democracy. […]
Ermine for idiots, profits for bankers. And for savers? Risk… EVEN a stopped clock tells the right time twice a day, writes Adrian Ash at BullionVault. And 10 years ago this week, the minute-hand slowly turned towards a dark midnight which gloomy gold bugs like us had long predicted. We like to […]
Nor 100% about the Dollar. Just in time for Goldman Sachs to catch on… NICE to see Goldman Sachs spotting what matters 3 months late, writes Adrian Ash at BullionVault. “It is tempting to blame the rally in gold prices on recent events in North Korea,” says a note from the US investment […]
So the daily correlation data say at least… SO APPARENTLY, the latest pop and retreat in gold prices has all been about the nuclear stand-off between the US and North Korea, writes Adrian Ash at BullionVault. “Gold falls on rising risk appetite as N.Korea tensions ease,” says Reuters. And fair enough. Trump […]
