Morning Report: 07.00 London This morning, the dollar is back in control amid general uncertainty in other safe haven regions. The AUD/ USD is weak again for the second straight day as Chinese stock markets slump and Australia catches a cold by proximity. The euro is holding up ok following ECB President Draghi’s speech which […]
GOLD PRICES moved sideways in quiet trade on Monday as the Dollar held firm ahead of this week’s widely-expected interest-rate rise from the US Federal Reserve. Moving barely 1% away from $1200 per ounce over the last month, gold again stuck to that price as world stock markets slipped. Tokyo and Shanghai were […]
Morning Report: 07.00 London The US dollar is buoyant ahead of Thursday’s FOMC meeting where rates are expected to increase to 2.25%. The dollar is out-performing this morning as traders bet on further rate hikes beyond Thursday. The main highlights include the British pound which is slightly lower this morning after heavy losses on Friday […]
PLATINUM PRICES outpaced gold and silver again on Friday in London, extending this week’s rally against the falling US Dollar to 5.1% as world stock markets also rose. China’s stock market jumped over 3%, hitting 4-week highs as analysts said Beijing has built a strong economic “cushion” against its worsening trade war with the […]
Morning Report: 07.00 London This morning, markets continue to shun safe havens, pushing the dollar and yen lower despite the prospect of a US rate hike next week. Demand for safe havens continue to weaken with many yen pairs hitting their highest levels since May. The EUR/JPY is one of the strongest performers with the […]
GOLD BULLION crept higher against a falling US Dollar in London trade Thursday, edging up to new highs for this week at $1207 per ounce but flirting with new multi-year lows in terms of other major currencies. The UK gold price in Pounds per ounce fell within £6 of its post-Brexit referendum low, briefly […]
Morning Report: 07.00 London The dollar index is on the back foot this morning, but is still the power currency as bond yields and stock markets help keep the Greenback in control. The AUD/USD is just about negative after two days of solid gains. The EUR/USD is also higher after a tight session yesterday. The […]
GOLD ETF share prices popped to their highest level this week so far, tracking the price of bullion’s rise to $1205 per ounce as US data showed an unexpected plunge in the number of new home-building permits issued last month. New UK data also surprised traders and analysts this morning, showing the strongest rate […]
GOLD PRICES again held tight around $1200 per ounce in London trade Tuesday as the US Dollar retreated on the currency market and global interest rates eased back on a rise in government debt prices. Commodity prices edged higher but held near 2018 lows on Bloomberg’s index after the United States imposed a new […]
Morning Report: 07.00 London The US dollar is weaker as markets stage a muted response to Trump’s China tariffs. Safe haven demand in the US dollar and Japanese yen is on the wane as investors express relief that tariffs aren’t as extreme as feared. The dollar index is lower, with the dollar pairs on the […]
GOLD PRICES peeped above $1200 per ounce yet again in London trade on Monday, rising above what was an 18-month low when reached in mid-August for the 9th time in 5 weeks. Silver and platinum also rose as Western stock markets cut their earlier gains, rallying to $14.20 and $805 respectively Base metals […]
Morning Report: 07.00 London This morning, markets are rangebound as traders await the opening salvos of Trump’s China trade tariff decisions. Friday saw a surge in interest for the dollar, despite poor retail sales data. This morning, the dollar is unwinding a small part of those gains, helping dollar pairs to push higher. The AUD/USD […]
Why did people buy gold amid the Lehman’s crash? “I HEARD your advert on the radio. I want to buy some gold,” recalls Adrian Ash at BullionVault. So said one of hundreds of callers to BullionVault in the crisp, clear autumn of 2008…back when the failure of US investment bank Lehman Brothers tipped […]
GOLD PRICES edged back Friday lunchtime in London, cutting this week’s gain to 0.5% as world stock markets rose and crude oil rallied but held below this week’s approach of May’s 3.5-year highs. Russia joined Turkey in raising its key interest rate, making the first such move since 2014 and helping the Ruble recover […]
Morning Report: 07.00 London The dollar index remains soft after US CPI came in below estimates and European central banks kept rate forecasts on track. The AUD/USD is higher again, extending the bounce off the 0.7100 level. The EUR/USD and GBP/USD are holding firm after yesterday’s rally, with the latter lagging slightly following Mark Carney’s […]
GOLD PRICES rose to 3-week highs against a weakening US Dollar on Thursday, trading up to $1209 per ounce in London’s wholesale bullion market as equities rose together with commodities and US Treasury bond prices. As the Dollar eased back – most notably versus emerging market currencies led by the Turkish Lira after a […]
Morning Report: 07.00 London This morning, the US dollar remains off the pace after PPI came in well below estimates yesterday. Dollar pairs are generally enjoying strong gains, especially the AUD/USD which is making further gains after yesterday’s impressive rally. Australian employment change came in above estimates. The AUD/JPY is also performing well. Meanwhile, the […]
GOLD PRICES held tight below last week’s finish in London trade Wednesday, moving around $1195 per ounce as Asian stock markets fell again but European shares gained ahead of tomorrow’s policy decisions from the Eurozone and UK central banks – both expected to deliver “no change”. Global oil prices rose, with energy traders pointing […]
Morning Report: 07.00 London The US dollar is strengthening as trade war fears increase again, index is on the rise after a volatile session yesterday. The biggest effect is being seen on the AUD/USD, as the Aussie slips back to 26 month low against the US dollar on fears that trade disputes will hit China’s […]
GOLD PRICES fell back below $1190 and silver tumbled through $14 per ounce for the first time since January 2016 on Tuesday in London as the Indian Rupee – currency of the No.2 precious-metals consumer nation – fell to fresh all-time lows versus the US Dollar. European stock markets fell for the 7th time […]
Morning Report: 07.00 London The British pound remains strong after turning on the latest words from Michel Barnier that gave hope of a Brexit deal by November. It continues to be clear where the balance of power lies with the pound leaping yesterday on the positive ascent from the EU side. The GBP/JPY is up […]
GOLD PRICES fell further on Monday morning in London against a firm Dollar amid new China-US trade wrangling while anti-immigration nationalists gained votes in Sweden’s general election but lagged well behind the main parties, writes Steffen Grosshauser at BullionVault. The Krona rallied further from late August’s 9-year low versus the Euro and Stockholm’s OMX […]
Morning Report: 07.00 London The US dollar remains dominant following Friday’s better than expected Non Farm Payrolls which saw headline payrolls increase to 201k, with average hourly earnings also increasing. The unemployment rate increased unexpectedly though. The dollar pairs remain on the back foot, with the AUD/USD set to challenge the 0.7100 level again following […]
GOLD BULLION fell $5 per ounce from the $1200 mark Friday lunchtime in London after new US data showed stronger jobs growth than analysts forecast for the world’s No.1 economy. Silver held firmer at $14.14, heading for a 2.8% weekly drop, but platinum prices fell with gold bullion to show a 1.3% loss from […]
Morning Report: 07.00 London The US dollar pairs are mixed after steady gains yesterday against the US dollar. Yesterday’s losses were sparked by Trump targeting Japan as the next trade partner up for re-negotiation. The yen and Swiss franc were the biggest beneficiaries yesterday, with both the USD/CHF and USD/JPY sold off significantly. The USD/CHF […]
Record Comex gold correlation to prices… 0.9999 writes Adrian Ash at BullionVault. That’s pretty much the finest purity you can buy in physical gold bullion, with just one part not gold in ten thousand. (Not that you should pay for anything beyond the pure gold weight, whatever the fineness.) Over in […]
GOLD PRICES popped higher on Thursday in London, erasing the last 2 weeks’ losses as global stock markets slipped lower once more and US President Donald Trump railed against claims that White House insiders are actively working against his agenda and policies. Trading at $1205 per ounce as New York opened for business, gold […]
Morning Report: 07.00 London This morning, markets have a bias towards the safe havens of the Japanese yen and Swiss franc as concerns surrounding emerging market contagion increases. The USD/CHF is slipping back lower following Tuesday’s rally. The 0.9700 is level is holding as support for now though. The EUR/CHF is dropping after three days […]
PRICES to buy gold stabilized in London on Wednesday morning, trading $2 higher to $1194 per ounce even as the US Dollar pushed other currencies lower once more and global stock markets extended yesterday’s drop on Wall Street. Commodity prices also retreated and the Chinese Yuan fell again versus the Dollar after China’s weak […]
Morning Report: 07.00 London The US dollar index remains dominant this morning, as emerging market stress continues to generate Greenback interest. The dollar pairs are mixed this morning, with the USD/CAD of particular interest as the Canadian dollar continues to suffer as trade negotiations drag on. The USD/CAD has now risen for five straight days. […]
