Morning Report: 07.00 London The euro remains in control on fresh hopes that monetary stimulus may be coming to an end. The euro spurted much higher yesterday, with the EUR/GBP jumping higher before retreating to small gains. There are further small gains this morning. The EUR/USD is also continuing to make small but steady gains […]
SILVER PRICES rose for a fourth day in London on Thursday, again beating both gold and platinum as world stock markets gained and Italy’s borrowing costs retreated further from last week’s spike to 2012 crisis levels. Touching $16.78 per ounce just ahead of New York opening for trade, silver bullion traded 2.3% higher for […]
Morning Report: 07.00 London The euro is in control after hints from the ECB around tapering away from QE. Officials cited wage inflation as picking up in the likes of Germany as driving a recovery. Markets gave a relatively muted reaction as some market movers expressed caution. The EUR/USD climbed for the fourth day in […]
GOLD PRICES rallied back near $1300 per ounce on Wednesday but fell to 2-week lows for European investors as Eurozone bond yields rose after two key Euro central-bank officials said Frankfurt remains on track to start reining back its historic monetary stimulus. Bullion prices in No.2 gold consumer nation India also retreated as the […]
Morning Report: 07.00 London The Australian dollar is dominating currency movements this morning after GDP came in above estimates at 1%. The AUD/JPY is up 0.69%, with the AUD/USD up 0.63%. The EUR/AUD has reversed most of yesterday’s gains and is heading for 1.5300. In Europe, the EUR/GBP is making small gains this morning after […]
GOLD PRICES held dead-flat for this week so far against the Dollar, Euro and Sterling in London trade on Tuesday, treading water as the US stock markets paused at an 11-week high. After US factory input costs showed the strongest pace of inflation in 7 years in May on the ISM Prices Paid index, […]
Morning Report: 07.00 London The British pound is recovering after under-performing yesterday as Theresa May delays her Brexit white paper. The GBP/USD continues to sink back towards the May lows, while the EUR/GBP pumped up to the EUR/GBP level yesterday. This weakness comes despite strong UK construction data yesterday. Dollar pairs are generally on the […]
Morning Report: 07.00 London The dollar index is on the back foot this morning after failing to ignite on Friday despite better than expected US economic data, including NFP. Dollar weakness comes amid a general appetite for risk taking and uncertainty over the dollar’s long-term prospects in light of Trump’s policies. The Australian dollar has […]
GOLD and SILVER PRICES rose against a weakening US Dollar in London trade Monday, rallying to $1298 and $16.55 per ounce respectively as China and European leaders repeated their challenge to President Trump’s imposition of trade tariffs. Beijing also hit back this weekend over the European Commission lodging a complaint with the World Trade […]
Morning Report: 07.00 London The dollar index is on the back foot this morning after failing to ignite on Friday despite better than expected US economic data, including NFP. Dollar weakness comes amid a general appetite for risk taking and uncertainty over the dollar’s long-term prospects in light of Trump’s policies. The Australian dollar has […]
GOLD PRICES fell hard Friday in London, retreating beneath this week’s previous lows for Dollar investors after new US jobs data smashed analyst forecasts. Gold priced in the US Dollar fell to $1282 per ounce – just $10 above last week’s new 2018 lows – as the UK gold price in Pounds per ounce […]
Morning Report: 07.00 London Currencies are steady despite stock market turmoil surrounding Trump’s tariffs. Tit for tat punishments are on the cards with a global trade war thought to be closer than any time since the 1930s. The dollar index is in control, rising again this morning. Dollar pairs are on the back foot, with […]
GOLD BAR prices slipped against all major currencies in London’s wholesale market on Thursday as solid US data followed a rise in Eurozone consumer-price inflation, and Italian bonds rallied for a second day, pulling borrowing costs lower again from Tuesday’s spike to 5-year highs as the Eurosceptic M5S and Lega coalition worked to form a government. […]
Morning Report: 07.00 London This morning markets remain in recovery mode after staging a dramatic recovery yesterday. The dollar index remains on the back foot after poor US data yesterday, with GDP and ADP jobs data dropping below expectations. Meanwhile, the euro recovered as fears of Italy receded. The EUR/USD overhauled Tuesday’s losses, with small […]
Try none of the above vs gold… ITALY proves yet again how a true crisis strikes, writes Adrian Ash at BullionVault. Very, very slowly…and then all of a sudden at once. “We were not in the midst of a sovereign debt crisis, Brexit, subprime etc,” tweets Democratic Party politician and former economic […]
GOLD PRICES rose back above $1300 per ounce in London trade Wednesday as the Dollar retreated from this week’s jump on the FX market after US data came in weaker than expected and European markets rallied from Italy’s political sell-off. Ahead of Friday’s official non-farm payrolls estimate for May, today’s private-sector ADP report said […]
Morning Report: 07.00 London The euro is at least stabilising after hefty selling yesterday as traders fret over the state of Italian political and banking systems. The EUR/JPY is posting small gains this morning, but the damage was done yesterday, with the pair off by 1.58% on the week. Markets are generally seeking out safer […]
EURO GOLD prices jumped to 11-month highs as London and New York re-opened after the long holiday weekend on Tuesday, breaking above €1130 per ounce as Italy’s political mess saw Rome’s short-term borrowing costs jump to the highest since the peak of the Eurozone debt crisis in 2012. Giuseppe Conte, the chosen prime minister […]
Morning Report: 07.00 London The euro remains under some pressure after heavy selling yesterday brought on by renewed concerns over Italy. Ex IMF director of fiscal affairs Carlo Cottarelli accepted the Presidents request to form a government. This ‘technocrat’ solution has avoided the formation of an anti-EU leaning government, but has raised the prospect of […]
Private gold investing sinks as stock market teeters… PRIVATE INVESTOR interest in gold has collapsed in 2018, writes Adrian Ash at BullionVault. Any dealer tells you otherwise, they’re lying. What began as a Trump slump for US gold coin sales in 2017 has now spread to retail gold bar investing demand in […]
GOLD PRICES held above $1300 per ounce in London trade Friday, erasing half of last week’s 2% drop even as the Dollar rose again on the FX market amid fresh tensions between Nato members Turkey and the US plus growing doubts over the debt stability of Italy, the Eurozone’s third largest economy. Euro gold […]
Morning Report: 07.00 London The US dollar is back in demand amid a general retreat into risk-off trading. This comes as Trump cancels the planned North Korea summit and generally poor US economic data. The yen was in control yesterday, as traders switched out of the dollar on poor US unemployment and existing home sales. […]
GOLD PRICES rose within $1.10 of $1300 per ounce against a falling US Dollar on Thursday in London after yesterday saw the release of what analysts and headline-writers called “dovish” notes from the Federal Reserve’s latest policy meeting. While the Fed’s May meeting minutes showed a consensus for raising Dollar interest rates as expected […]
Morning Report: 07.00 London The Japanese yen is in demand as traders take fright of Trump’s treatment of the China negotiations. Dovish Fed minutes also depressed the dollar, helping money to flow into the yen. The USD/JPY is the worst performer so far, extending recent losses and down 0.55%. Other yen pairs have continued to […]
DOLLAR GOLD PRICES came within $2.25 of $1300 per ounce in London on Wednesday morning, rallying even as the US currency rebounded on the FX market ahead of today’s release of notes from the Federal Reserve’s latest meeting on interest-rate policy. That helped drive Euro gold prices back up towards early May’s 8-month highs […]
Morning Report: 07.00 London The US dollar is back in control as markets fret over emerging currencies and Trump’s mixed signals over China. The dollar index is on the rise this morning, forcing dollar pairs lower. The Australian dollar has reversed course, with the AUD/USD one of the worst performing dollar pairs this morning. The […]
GOLD PRICES rallied above $1295 and silver almost recovered last week’s 3% loss in London trade Tuesday, gaining as the US Dollar eased back on the currency market following ‘dovish’ comments from Federal Reserve policymakers. Asian stock markets slipped but Europe pushed higher after Wall Street reached a 2-month high overnight. With crude […]
USD halves the $110 it added to gold price… DID gold prices really drop through $1300 last week? asks Adrian Ash at BullionVault. Nope. Gold did no such thing. Not when you discount Donald J.Trump’s impact on the Dollar. In this parallel universe, gold hasn’t even got above $1250 per ounce since […]
Morning Report: 07.00 London The British pound remains under pressure ahead of another crucial EU meeting, while traders are eyeing today’s UK borrowing nervously. The GBP/JPY and GBP/USD have continued to slip lower. The pound made losses against the dollar yesterday, while the likes of the euro and Aussie made gains, forcing the EUR/GBP higher. […]
GOLD PRICES fell $10 to new 5-month lows against the rising US Dollar on Monday in London after Washington said the US-China trade war is “on hold”, writes Steffen Grosshauser at BullionVault. Gold touched the lowest level since the end of December at $1282 per ounce before bouncing back to $1285 while the US […]
