Morning Report: 07.00 London The US dollar index remains strong after Powell’s testimony which supported a gradual increase in interest rates to come. The dollar pairs remain on the back foot, with the AUD/USD slumping back towards the lows after three days of losses. The EUR/USD suffered heavy losses yesterday, pushing the pair below 1.1650 […]
GOLD PRICES failed to hold a $5 overnight rally in London trade Tuesday morning, slipping back below $1240 per ounce as US Federal Reserve chief Jerome Powell prepared to appear before Congress to speak on monetary policy. Ahead of Powell’s semi-annual testimony, betting on the Fed raising its key interest rate twice more in […]
Morning Report: 07.00 London The US dollar remains subdued despite better than expected retail sales and Empire State Manufacturing data yesterday. Trump’s controversial tour of Europe has culminated with a meeting with Putin in which both parties denied any election wrong doing. In this environment, the Swiss franc is picking up the baton for safe […]
GOLD PRICES held flat against a falling Dollar in quiet trade Monday morning in London, slipping for non-US investors as President Donald Trump met Russia’s Vladimir Putin for the first time, writes Steffen Grosshauser at BullionVault. After its biggest weekly rise in a month, the US Dollar fell 0.7% on the FX market versus […]
Morning Report: 07.00 London The US dollar is subdued on the eve of Trump’s historic meeting with Putin in Helsinki. It is a culmination of a trip that has left a trail of sound bites and problematic implications. Disappointing economic data from China overnight has only served to pressure the US dollar further. The dollar […]
GOLD PRICES fell again versus a rising Dollar on Friday in London, heading for a 1.3% weekly drop at new 2018 lows beneath $1240 per ounce as the US currency pushed higher on the FX markets amid President Donald Trump’s ongoing tour of Europe. After telling The Sun tabloid newspaper that UK Prime Minister […]
Gold’s Pound Sterling returns on 5-year horizons… With LONDON’s FTSE index setting fresh all-time highs this spring and US stocks also now heading to reclaim January’s peak, it’s natural to think about locking in some of the last decade’s gains, writes Adrian Ash at BullionVault. The FTSE 100 has now more than doubled […]
Morning Report: 07.00 London The US dollar has lifted off the pace somewhat, though dollar pairs are mixed in their reaction. The AUD/USD is capitalising on this and building on yesterday’s gains. The GBP/USD and EUR/USD are subdued however, with the pound marking three days of gains against the dollar the euro four. The USD/CHF […]
GOLD PRICES rallied $5 per ounce from 1-week lows against the Dollar in London on Thursday, touching $1246 and also rising versus other major currencies as Donald Trump said he has wrung a promise of higher military spending out of other Nato member states, and new US data showed the cost of living rising in […]
Morning Report: 07.00 London The Japanese yen remains on the back foot after heavy selling in the face of dollar strength yesterday. US PPI climbed higher than expected and there is a growing belief that Trump’s tariff’s will lead to higher inflation and therefore higher rates. The USD/JPY jumped from below 111.00 to above 112.00 […]
GOLD PRICES slipped below $1250 per ounce for the fourth time in 2 weeks in London trade Wednesday, losing against a strong US Dollar as the White House moved to impose 10% trade tariffs on another $200 billion of imports from China and President Trump stunned a meeting of the Nato military alliance by attacking […]
Morning Report: 07.00 London The US dollar is on the rise this morning as markets adjust to the impact of Trump’s Tariffs across the world. The AUD/USD has been hit hardest, with a sharp reversal yesterday and follow on selling this morning. The AUD/JPY hit a barrier yesterday and sold off heavily. The EUR/USD is […]
GOLD PRICES fell in London trade Tuesday, losing 1.5% from yesterday’s 2-week Dollar high before rallying to $1250 per ounce as US President Donald Trump began a 7-day trip taking in Nato’s HQ in Brussels, dinner with Queen Elizabeth II in London, his own golf course in Scotland, and a meeting with Russia’s President Vladimir […]
Morning Report: 07.00 London The British pound remains under pressure following yesterday’s turmoil sparked by the twin resignations of Boris Johnson and David Davis. The former was unexpected, spooking the pound lower on fears that May’s Chequers plans will be dead in the water. As ever, it is uncertainty that instils the biggest fear in […]
GOLD PRICES rose $10 to a 2-week high of $1265 on Monday morning while the Dollar slipped as new US-Chinese trade tariffs began and the UK’s chief Brexit negotiator resigned over the Government’s plan for a trade deal with the EU, writes Steffen Grosshauser at BullionVault. The US and China started the first round […]
Morning Report: 07.00 London The British pound remains positive after the resignation of Brexit secretary David Davis. The move may have less impact following the Prime Ministers successful Chequers meeting where the party agreed their ‘unified’ approach to Brexit. The GBP/USD is higher this morning, as is the GBP/JPY, while the EUR/GBP is only slightly […]
Morning Report: 07.00 London The US dollar index is steady ahead of today’s FOMC meeting. Global markets are poised as the deadline for China steel tariffs passes. US data was mixed yesterday. Dollar pairs are mixed, with the AUD/USD on the rise, but the GBP/USD and EUR/USD on the back foot. ADP non farm employment […]
It’s the big hit, it’s the blimp! It’s the blimp…! GOLD PRICES have slipped against the almighty US Dollar so far in 2018, writes Adrian Ash at BullionVault. The metal has sagged even as the stock market struggles and political risks jump on Trump’s all-out trade war against everyone. Why? How come […]
GOLD PRICES in London’s wholesale bullion market headed for a small weekly gain Friday lunchtime, holding $2 per ounce higher at $1255 as US employment data beat analysts for last month. Ahead of today’s imposition of new US tariffs on imports from China, now met by Chinese tariffs on a matching $34 billion of […]
GOLD PRICES dipped and rallied again back near last week’s closing level on Thursday in London, trading above $1256 per ounce as Asian stock markets closed lower but European equities rose for the 3rd session running. Silver meantime recovered the $16 mark and platinum also pushed higher, reaching $848 after sinking Tuesday to a […]
Morning Report: 07.00 London The euro is picking up the baton and making gains after playing second fiddle to the pound yesterday. The pound rallied on the back of strong services PMI data yesterday, with the EUR/GBP slipping. The euro is catching up though, with the EUR/GBP erasing yesterday’s gains and the EUR/USD posting its […]
Morning Report: 07.00 London Chinese markets have entered into some stability despite trade war fears, a move which some attribute to direction intervention by the Chinese government. Either way, it’s good news for the Aussie dollar which is also benefitting from better than expected retail sales. The AUD/USD is up 0.23%, building on yesterday’s gains. […]
On a 5-year basis that is… NOBODY CARES but we’ll say it again, writes Adrian Ash at BullionVault. Over the past half-century, gold has risen very nearly every time that the US stock market fell over a 5-year period. Such protracted losses in stocks are no small risk. Or so history says. […]
PLATINUM edged back 1% on Wednesday from yesterday’s bounce off sudden 14-year lows, trading at $838 per ounce as gold prices pushed higher, rising to touch 1-week highs at $1260. Among Western investment products, the SPDR Gold Trust (NYSEArca:GLD) – the world’s largest exchange-traded fund backed by metal – shrank yesterday for the 5th […]
GOLD PRICES recovered $10 of this week’s $14 per ounce drop to new 2018 lows in London trade Tuesday morning, rising to $1248 as world stock markets also rallied with commodity prices as China’s central bank denied it has opened a new currency front in the worsening US ‘trade war’. Governor of the People’s […]
Morning Report: 07.00 London The Aussie dollar is on the rise this morning after the RBA opted to keep rates on hold as expected. The statement was well received with traders bidding up the Aussie as a result. The AUD/USD is up 0.2%, with the AUD/JPY up 0.25%. The Aussie is still down on the […]
PLATINUM PRICES measured in Euros fell to a near-10 year low on the first trading day of H2 2018, while gold stayed close to this year’s low as the US Dollar strengthened again, writes Steffen Grosshauser at BullionVault. For US investors, gold fell $3 from last week’s close at $1252 per ounce, moving closer […]
Morning Report: 07.00 London The US dollar index is making gains after heavy losses on Friday. The dollar has some way to go to overcome these losses and regain last week’s highs as traders are wary of weak US economic sentiment. The dollar pairs are mirroring this trend, with the AUD/USD heading back to the […]
GOLD FLIRTED with its lowest weekly close since start-December but crude oil rose yet again Friday as US foreign policy spurred fears over global energy supplies, while a separate report claimed that President Trump wants to quit the World Trade Organization. Gold bounced $5 per ounce from a new 7-month low of $1246 as […]
Morning Report: 07.00 London The euro is charging higher as EU leaders reach a deal on migration that avoided conflict with Italy’s hardline PM. The EUR/USD is up 0.72% this morning, with the EUR/JPY up by 0.89%. This comes as the US dollar index backs off from the highs in the face of euro strength. […]
