Morning Report: 07.00 London The US dollar index remains firmly in control as emerging market currencies continue to feel the heat. Trump has backed off from some of his trade comments, but the Greenback remains the power currency. The prospect of a global trade war may have diminished slightly, but the Chinese economy remains under […]
GOLD PRICES rallied or held firm against most major currencies on Thursday but set fresh 6-month lows in US Dollar terms as world stock markets fell and key gold-consumer currencies sank amid worsening tensions over President Trump’s foreign policy. India is preparing to comply with Washington’s order to cease buying oil from Iran, according […]
GOLD PRICES gave back a $5 rally from new 2018 lows in London trade Wednesday lunchtime, falling back to $1255 as the US Dollar pushed higher once more on the currency market following better than expected US trade data. Despite worsening ‘trade war’ tensions between the US and China, world stock markets rallied from […]
Morning Report: 07.00 London This morning, markets generally remain defensive, with the US dollar remaining in control as the global trade spat continues. The US dollar index has regained some of its poise after selling off since the 21st. The AUD/USD has continued to dribble lower back towards the June lows as the NZD/USD slumps […]
GOLD PRICES fell again in London on Tuesday, hitting new Dollar lows for 2018 and extending this week’s drop to $15 per ounce after the largest exchange-traded gold fund shrank to its smallest size in 10 months. Major Asian and European stock markets rallied from Monday’s sharp sell-off, but held up to 5% lower […]
Morning Report: 07.00 London The Japanese yen remains in favour amid a general flight to safety. Markets remains spooked by the prospect of a global trader war and confusing US messages over the treatment of foreign investments. The USD/JPY continues to drop from the highs as the yen takes control. The AUD/JPY continues to suffer […]
Morning Report: 07.00 London The Japanese yen is in firm control as China makes its first move against US tariff threats, with the PBOC relaxing deposit rules to help heavily indebted companies. The USD/JPY has pulled back further from the highs, while the AUD/JPY is slipping back towards the lows below 81.00. The GBP/JPY and […]
Morning Report: 07.00 London The British pound continues to out-perform following yesterday’s surprisingly bullish MPC meeting where three members voted for a rate hike amid noises of quitting QE earlier than expected. The GBP/USD and GBP/JPY are higher again after rallying yesterday, while the EUR/GBP is sinking for the second straight day. The euro is […]
Morning Report: 07.00 London The US dollar has extended its winning run despite trade war worries. This has continued to force the dollar pairs ever lower. The AUD/USD is extending its losing run on the week, off by over 1%, though not as far as the NZD/USD which is off by 1.50% this week. The […]
Morning Report: 07.00 London The US dollar continues to dominate despite the risks and uncertainty surrounding Trump’s tariff plans. The dollar index continues to stretch to multi month highs, while the dollar pairs struggle. The pound slumped to seven month lows against the dollar, with the EUR/GBP also making gains for three days in a […]
Morning Report: 07.00 London This morning, markets are reeling from Trump’s mooted threat to levy more than $200bn of Chinese goods. Markets have been shaken by this move, sending the Japanese yen soaring as traders seek out safe harbours. The USD/JPY is selling off for the second straight day. The AUD/JPY continues to falter, heading […]
GOLD PRICES slipped at the start of the new trading week Monday as world stock markets fell hard and the US Dollar held strong amid a further escalation of the worsening global trade war, writes Steffen Grosshauser at BullionVault. Gold edged $3 lower from last week’s close of $1270 per ounce after US President […]
Because there’s so much else to see… COULD gold investing get any more boring, Boring, BORING…? asks Adrian Ash at BullionVault. Only if it doesn’t get any more painful short-term perhaps. The yellow metal nearly sent traders to sleep over the first 5 months of 2018… …trading in its tightest price […]
GOLD BULLION rallied Friday as the US Dollar edged back from this week’s surge on the currency market. Losing $10 from last Friday’s finish however, gold bullion still headed for its lowest weekly close since mid-December at $1268 per ounce. Investor interest in the giant SPDR Gold Trust (NYSEArca:GLD) yesterday shrank by 0.5%, […]
GOLD PRICES fell yet again as the Dollar rose on Thursday, touching the lowest level since mid-December at $1262 per ounce as new US data said the number of people claiming jobless benefits fell last week to fresh 4-decade lows. European stock markets fell for the 4th time in 5 sessions and industrial commodity […]
GOLD PRICES slipped within $1 of yesterday’s new 2018 lows in Dollar terms in London on Wednesday as the US currency traded near this week’s new multi-month highs on the forex market. World stock markets rose but silver also held flat, down 1.5% for this week so far at $16.33 per ounce, as commodities […]
GOLD PRICES fell to new 2018 lows against a rising Dollar on Tuesday in London, hitting $1274 per ounce as President Trump threatened to hit back at China’s retaliation over last week’s new US trade tariffs with extra charges on another $200bn of Chinese imports. Accused of “blackmail” by Beijing, Trump says these extra […]
GOLD PRICES held at 6-month lows against the US Dollar on Monday morning in London as ‘trade war’ tensions worsened between the world’s two largest economies, writes Steffen Grosshauser at BullionVault. Beijing at the weekend responded to US President Donald Trump’s new 25% import tariffs on $34 billion of Chinese goods by imposing a […]
If you liked $1300 gold, you gotta love it now… VOLATILITY was long overdue in the gold market, writes Adrian Ash at BullionVault. Tired of waiting, the hot money has now thrown in the towel…causing the very spike in price action it just gave up waiting for. But this spike in volatility […]
GOLD and SILVER fell Friday lunchtime in London, dropping back to $1292 and $17.09 per ounce respectively as the White House confirmed new tariffs on an extra $50 billion of China’s annual exports to the United States. US-China trade “has been very unfair, for a very long time,” said President Donald Trump, raising import […]
Morning Report: 07.00 London The US dollar is holding at the highs after the ECB gave a dovish perspective on its QE exit and the BoJ opted to keep rates on hold. The US increasingly appears to be going its own way, setting the dollar on a path of strength. Dollar pairs are generally unchanged […]
GOLD BROKE back above $1300 per ounce and silver jumped to 2-month highs versus the Dollar on Thursday morning even though the Federal Reserve yesterday raised US interest rates and forecast further hikes ahead. Priced in the Euro gold then leapt again, hitting new highs for June at €1113 per ounce as the single […]
Morning Report: 07.00 London The US dollar remains soft despite raising rates as expected and markets projecting two more. Part of this decline is that some in the market were hoping for firmer guidance. The US dollar index finished lower in volatile trading and is slightly lower again this morning. Dollar pairs mirrored this move, […]
GOLD BULLION rallied from a new 1-week low in US Dollar terms on Wednesday in London, trading unchanged for the year-to-date at $1294 per ounce ahead of today’s key Federal Reserve decision on US interest rates. Asian stock markets slipped while European equities rose, reversing yesterday’s pattern as major government bond prices edged higher, […]
Morning Report: 07.00 London The US dollar remains on top ahead of today’s FOMC meeting where the Fed are expected to increase rates to 2.00%. The dollar has been accumulating steadily in the lead up to today, but the key, as ever will be the Fed’s forward projections beyond today. The dollar pairs remain on […]
GOLD PRICES fell to 1-week lows beneath $1295 per ounce lunchtime Tuesday in London as new inflation data said the US cost of living rose 2.8% per year in May, the fastest pace since early 2012. Ahead of tomorrow’s Federal Reserve decision on interest rates, short-dated US debt prices fell hard, driving 2-year yields […]
Morning Report: 07.00 London The US dollar remains at the highs as Trump’s Korea talks commence. The dollar pairs are mixed this morning, with the AUD/USD rallying, but the EUR/USD is unchanged and the GBP/USD down slightly. Meanwhile the US dollar continues to make gains against the Canadian dollar and Swiss franc. The pound lagged […]
GOLD PRICES briefly rallied above $1300 per ounce on Monday morning in London before falling back ahead of tomorrow’s historic US-North Korea meeting and three key central bank policy meetings this week, writes Steffen Grosshauser at BullionVault. Gold started the week edging $3 higher to $1301 after US President Donald Trump refused to back […]
Morning Report: 07.00 London Trump’s global diplomatic antics are causing frictions and divisions amongst world allies. In offering the olive branch to Russia, Trump has set himself against his G7 colleague, with Canada’s Trudeau on the receiving end of a lashing. The dollar index is holding up well despite Trump’s activities. The biggest movements have […]
SILVER PRICES held on track for a 2% weekly gain in London trade Friday, outpacing gold’s 0.3% rise in US Dollar terms as the yellow yet again failed to hold a break above $1300 per ounce. “If gold is able to confirm a close above $1300, it could be able to gain up to […]
