2019 gold forecasts start with 2018’s strength… IF YOU’RE already invested in gold, then frankly I blame this on you, writes Adrian Ash at BullionVault. Yes, you. Because while so much was stacked up against gold prices in 2018… …and while new investors have almost vanished… …existing investors have refused […]
BUY GOLD prices edged back from a 1.0% rise for the week so far on Wednesday in London, taking Dollar prices down $3 from a new 5-month peak of $1251 as traders awaited the US Federal Reserve’s final policy statement of 2018, widely expected to bring the fourth hike of the year to short-term interest rates. […]
GOLD BULLION briefly broke above $1250 per ounce for the second time in 5 months Tuesday morning in London, while the US Dollar fell and world stock markets extended their slump ahead of tomorrow’s widely-expected interest-rate hike from the Federal Reserve. With the Fed’s 2-day meeting starting today, and with New York’s S&P500 index now […]
GOLD PRICES edged higher against a falling US Dollar Monday lunchtime in London as Western stock markets fell again ahead of key policy events in China and US and hedge funds showed their first net bullish positions in Comex gold futures and options since July, writes Atsuko Whitehouse at BullionVault. Recovering from an earlier […]
GOLD PRICES slipped to 7-session lows against a rising Dollar in London on Friday, dipping below $1235 per ounce as the US reported better-than-expected retail sales growth but China’s economic data missed analyst forecasts. While the US said retail sales outside automobiles, gas and food rose strongly in November, China – the world’s second-largest […]
GOLD PRICES held a 0.5% drop for the week so far in both Dollar and Euro terms on Thursday even as the US-China trade dispute turned to “hostage taking” in the words of one specialist. The UK gold price in Pounds per ounce also retreated, dropping back to last week’s finish at £980 after […]
GOLD PRICES edged higher for Dollar investors on Wednesday morning but slipped against the Euro and British Pound as the UK’s ruling Conservative Party called a vote of no confidence in Prime Minister Theresa May and her handling on the Brexit process – set to see Britain leave the European Union 15 weeks from now. […]
GOLD PRICES gave back a $5 rise in US Dollar terms after recovering last week’s closing level in London on Tuesday, trading down at $1244 per ounce as world stock markets rallied, government bond prices edged back, and the British Pound steadied on the FX market after Monday’s latest Brexit-crisis slump. Stabilizing above $1.26 […]
Well, very nearly no one… PEOPLE tend to buy gold when they fear trouble ahead, writes Adrian Ash at BullionVault. Gold prices are also seen as a barometer of fear, rising when trouble looms or strikes. But gold being a rare kind of financial asset, demand and price are not the same […]
GOLD PRICES slipped against all major currencies except the British Pound on Monday morning, retreating from last week’s multi-month highs as world stock markets fell and bond yields rose, writes Atsuko Whitehouse at BullionVault. The UK gold price in Pounds per ounce set fresh 6-month highs however, rising to £986 per ounce, as Sterling […]
GOLD PRICES headed for their best week in Dollar terms since March in London on Friday, nearing a 2.1% gain after US jobs data for November badly missed Wall Street forecasts. With analysts expecting growth of 200,000 in non-farm payrolls, the Bureau of Labor Statistics reported a 155,000 net addition and also cut October’s figure […]
GOLD PRICES held firm in all major currencies Thursday morning in London, supporting gold ETF trust-fund share prices as world stock markets sank on fresh worries over the inverted US yield curve and worsening US-China tensions. European equities extended a sharp drop in Asian stocks – taking Germany’s Dax index 15% lower for 2019 […]
GOLD PRICES held just below yesterday’s 5-week high in London Wednesday morning, trading near $1240 per ounce as Asian and European stock markets extended Wall Street’s steep drop amid forecasts of a US economic recession after the yield curve on Washington’s debt briefly inverted. China’s politburo in Beijing meantime expressed “confidence” over reaching a […]
GOLD PRICES rose to $1240 per ounce in London trade Tuesday, challenging 4-month highs even as the US Dollar rose amid a retreat in ‘risk’ assets led by equities. Silver rose to 4-week highs above $14.60 and palladium jumped to $1232 per ounce – a new record high in Dollar terms and nearing parity […]
GOLD PRICES jumped on Monday as the US Dollar retreated on news of a “ceasefire” in the US-China trade war, agreed at this weekend’s G20 summit of world leaders in Argentina, writes Atsuko Whitehouse at BullionVault. World stock markets also jumped, as did commodities, with crude oil adding over 5%. After last month’s […]
GOLD PRICES slipped on Friday in London, heading for a small weekly loss against the US Dollar and the Euro as world stock markets trimmed their earlier 2.8% rally from last weekend. Geopolitical headlines meantime focused on the G20 meeting of major-economy political leaders in Buenos Aires, where US President Donald Trump is scheduled […]
GOLD PRICES held onto last night’s $15 jump Thursday afternoon in London, more than erasing this week’s prior 1.0% loss after Federal Reserve chairman Jerome Powell hinted that the US central bank may be about to finish its interest-rate rises. Trading at $1228 per ounce, gold was outpaced by silver – up 0.6% for […]
Picking through history as the Fed moves ‘just below neutral’… WHICH matters more to gold prices, the stock market or interest rates? asks Adrian Ash at BullionVault. As hard to destroy as create, gold has in the past offered a hide-out from long-term slides in the stock market – a hide-out you don’t […]
GOLD PRICES held yesterday’s $10 drop on Wednesday, trading at $1214 per ounce against a strong US Dollar after Federal Reserve vice-chair Richard Clarida said his “base case” for 2019 sees a strong economy with a “robust” jobs market. Also seeing inflation around 2%, Clarida’s outlook would meet the Fed’s dual mandate for growth […]
GOLD PRICES opened the week $5 higher on Monday morning as global stock markets rebounded with oil prices after last week’s ‘Black Friday’ plunge, writes Atsuko Whitehouse at BullionVault. Oil prices clawed back 2% after dropping 8%, taking Europe’s benchmark Brent crude back up to $60 per barrel – a 13-month low when hit […]
GOLD and SILVER prices held near 2-week highs against most major currencies on Thursday but platinum slipped back, trading down to $847 per ounce as European stock markets erased yesterday’s rally to fall back towards 2-year lows. With gold prices at $1228 as US markets stayed shut for Thanksgiving, bullion in Euro terms held […]
GOLD PRICES rose near 2-week highs above $1225 in London trade Wednesday, adding $5 per ounce as the US Dollar slipped against other major currencies and European stock markets rallied from the latest slump in global equities. White House advisor Kevin Hassett said overnight the US may push for China to be expelled from […]
GOLD PRICES rose to 2-week highs for Dollar and Euro investors on Tuesday and reached new November highs in terms of the British Pound as global stock markets fell sharply, extending yesterday’s 1.7% loss on Wall Street. Reaching near $1229 per ounce, gold then eased back $5 as the Dollar rallied, keeping the Euro […]
Supply, demand and the looming recession… WHAT next for gold prices if the slump in crude oil means a recession lies dead ahead? asks Adrian Ash at BullionVault. “Generally a reflection of the global economy’s heartbeat,” says UK fund management giant M&G’s Bond Vigilantes blog, “[Brent crude] oil prices sank to $56 per […]
GOLD PRICES edged lower on Monday even as US-China trade tensions failed to improve at a key summit, while longer-term interest rates edged higher amid rumors the US Federal Reserve may end its monetary tightening sooner than expected, writes Atsuko Whitehouse at BullionVault. World stock markets pushed up 0.3% but crude oil slipped with […]
GOLD PRICES rose against a falling US Dollar on Friday, halving last week’s 1.9% drop to trade back above $1220 per ounce as Western stock markets fell and crude oil rallied from this month’s 17% plunge so far. Gold priced in the British Pound meantime re-touched £950 for a second day running, adding 2.0% […]
GOLD TRADING saw bullion prices hold little changed against a rising US Dollar on Thursday as Western stock markets fell again and the British Pound sank following a raft of resignations from UK prime minister Theresa May’s government over her draft EU withdrawal deal. Now needing to put the deal before Parliament in London, […]
GOLD PRICES slipped back below $1200 for the second session running in London on Wednesday, retreating $2 towards fresh 5-week lows as the Dollar rose, Asian stock markets fell again but Europe steadied for a second day running as the UK government met to debate Prime Minister Theresa May’s 500-page Brexit deal with Brussels […]
GOLD PRICES rallied from their first dip below $1200 per ounce in 5 weeks Tuesday in London as Italy faced down the EU over its 2019 deficit, Brexit dominated UK headlines, and US President Trump said France needs to pay more into the Nato military alliance. Crude oil fell yet again, and Asian stock […]
GOLD PRICES edged lower on Monday as the US Dollar hit 16-month highs on the currency market amid fresh concerns over UK Brexit turmoil and Italy’s yawning budget deficit, writes Atsuko Whitehouse at BulllionVault. Crude oil meantime bounced 1.5% from its 10-day slump after Saudi Arabia said it’s considering a steep output cut for […]
