Morning Report: 07.00 London This morning, the US dollar continues to dominate, with added fuel coming from hopes for a China-US trade deal. The US dollar index has hit its highs levels for the year as dollar pairs remain under pressure. The EUR/USD is lower again, touching 1.1700 and falling for the sixth day in […]
To the golden barricades, comrade…! The IMPACT of the French Revolution? asks Adrian Ash at BullionVault. Two centuries after 1789, “It’s too early to tell” said Chinese premier Zhou Enlai at a meeting with US president Richard Nixon in the early 1970s. What a wag! Those bureaucrats in Beijing sure take the […]
GOLD PRICES moved in a tight $5 range above yesterday’s new 2018 low against a rising US Dollar on Friday, holding a 2.5% drop for the week at $1287 per ounce as Asian stockmarkets climbed back to unchanged and European equities held a half-a-per-cent gain. The rising Dollar also pushed other non-US currencies down […]
Morning Report: 07.00 London There are numerous threads pulling at markets at the moment, including stress on emerging markets and Argentina, oil prices at 3 ½ year highs and soaring US Treasury yields. The clearest reaction has been seen on the USD/JPY as the yen soars on safe-haven interest. The USD/JPY is approaching 111.00 after […]
GOLD PRICES set fresh 2018 lows for the third day running in London trade Thursday, dipping below $1286 per ounce as US bond prices continued to fall, pushing longer-term interest rates up to yet more 7-year highs. The rising US Dollar also pushed the Euro currency back down near this week’s drop to the […]
Morning Report: 07.00 London This morning, the US dollar remains on the back foot following poor economic data yesterday. Housing starts and Capacity Utilization Rate both dropped below expectations, while global tensions eased. The US dollar index has dropped off the highs for the second straight highs. By contrast the British pound enjoyed strong interest, […]
GOLD PRICES fell to new 2018 lows against a rising Dollar for the second day running on Wednesday, falling further below $1300 per ounce as world stock markets dropped and longer-term interest rates touched new 7-year highs after stronger-than-expected US economic data. After Tuesday saw March’s retail sales revised higher while New York State […]
Morning Report: 07.00 London This morning, the dollar remains in control as risk factors flood into global markets. North Korean talks have collapsed, with Pyongyang blaming the one sided nature of demands and negotiations. Dollar pairs generally are unchanged this morning, but pressure remains. The euro is under particular pressure, after documents released from the […]
Morning Report: 07.00 London This morning, the euro is retreating again after reaching a high tide just shy of 1.2000 yesterday. The euro popped higher and subsequently retreated on comments from ECB member Villeroy indicated that a rate hike was on the cards sooner than expected. The EUR/USD is on the back foot, while the […]
GOLD PRICES stayed flat against a weak US Dollar on Monday in London, holding around $1319 per ounce as violence flared in Jerusalem, where the United States today opened its Embassy to Israel, moving it from Tel Aviv, writes Steffen Grosshauser at BullionVault. Press reports said 41 Palestinians were killed and 1,700 injured as […]
Morning Report: 07.00 London Markets are becalmed this morning as tensions ease between China and US, while Trump axing of the Iran deal has so far failed to worry markets too much. The dollar index is unchanged, but the bull trend has certain paused if not turned. Both the EUR/USD and GBP/USD are higher, but […]
Household bank deposits +39% since crisis as rates plunge… TWO YEARS of sin, ten years of purgatory, and a $4.9 billion balloon payment to reach contrition, writes Adrian Ash at BullionVault. This week’s full and final settlement with the US Department of Justice over pumping out crappy mortgage-backed bonds between 2005-2007 means the […]
GOLD PRICES lagged silver and platinum but neared their first weekly gain in four against the Dollar on Friday, erasing last week’s 0.8% loss to trade at $1324 per ounce. World stock markets also showed a small gain for the week as bond prices rose, edging longer-term interest rates down from their recent multi-year […]
Morning Report: 07.00 London This morning, the British pound remains under pressure following yesterday’s BOE meeting. The MPC downgraded growth and inflation, with expectations for the next rate increase inching into the future. The GBP/USD dropped in volatile trading, with small gains this morning. Meanwhile, the EUR/GBP shot higher as the euro holds its ground. […]
BUY GOLD prices jumped to 4-month highs against the British Pound in London trade Thursday after the Bank of England failed to raise UK interest rates yet again, despite inflation continuing to exceed its official target of 2.0% per year. With Tehran vowing “resistance” and denying it has any military bases in Syria after […]
Morning Report: 07.00 London This morning, the US dollar index is on the back foot as money flows into the safety of the Japanese yen. Traders are seeking out safer harbours especially in emerging markets after the Malaysian opposition sprung a surprise election victory. The GBP/USD and EUR/USD are rising after weeks of losses, while […]
GOLD PRICES rallied Wednesday in London after dipping within $2.50 of last week’s new 2018 lows versus the Dollar following President Trump’s decision to pull the US out of the 2015 deal with Iran over its nuclear research program. Wholesale gold bullion bars bounced almost $10 per ounce from $1304.50 as world stock markets […]
Morning Report: 07.00 London The dollar index is in control once again as dollar pairs fall on the back foot. This comes despite Trump removing the US from the Iran nuclear deal. The EUR/USD is trading well below 1.1900, extending its recent losing run. The GBP/USD is also struggling, but is holding up relatively well […]
Like Trump’s man said: Dollar up, gold demand down… SAY WHAT you like about Donald Trump, but he does what he tweets, writes Adrian Ash at BullionVault. “The Dollar is going to get stronger and stronger and ultimately I want to see a strong Dollar,” the grabber-in-chief told CNBC in January…back when the […]
GOLD BULLION rose near 2-year highs against the Australian Dollar on Tuesday even as gold priced in US Dollars fell back below $1310 – its lowest level in more than a month when first reached last week. The second-largest gold mining nation behind China, Australia has grown its annual output by 15% since the […]
Morning Report: 07.00 London This morning, the US dollar is firmly in the driving seat, with dollar pairs such as the AUD/USD falling further overnight. Aussie retail sales dropped more than expected, while Chinese trade balance disappointed. The AUD/USD is off by 0.25%, while the AUD/JPY continues its steady down trend. The Swiss Franc continues […]
GOLD PRICES rose Friday against all major currencies except the US Dollar and Japanese Yen as new data showed unemployment in the United States falling to a new 17-year low. Both the total of jobs added and average pay growth failed to meet analyst forecasts for April. But as more people left the […]
Morning Report: 07.00 London This morning, the dollar index remains on the back foot as traders pull away from the dollar ahead of today’s Non Farm Payrolls. Dollar pairs have enjoyed moderate gains, with the likes of the AUD/USD lifting off from the lows. The dollar index is peeling back from the 2018 highs once […]
GOLD PRICES rose against all major currencies on Thursday, rallying above $1315 per ounce in Dollar terms after the US Federal Reserve held its key interest rate unchanged. Despite manufacturing survey data this week pointing to bottlenecks and cost-price inflation at a 7-year high, the Fed altered key phrases in Wednesday’s policy decision statement, suggesting […]
Morning Report: 07.00 London This morning, the dollar index is on the back foot after reaching 2018 highs following a bullish fed meeting. The FOMC gave a cautious but positive assessment of the US economy, while ADP non-farm employment change came in slightly above estimates. The dollar pairs are climbing this morning as the pressure […]
GOLD PRICES rallied Wednesday morning ahead of the Federal Reserve’s May meeting on US interest rates, adding 0.5% from yesterday’s drop to within $3 of $1300 per ounce – a level last seen before New Year 2018. Ahead of the Fed’s decision, latest survey data said Tuesday that US manufacturing activity slowed to a […]
Morning Report: 07.00 London This morning, the US dollar is backing off slightly after solid gains yesterday despite below par US manufacturing PMI. Traders are skimming off profits this morning ahead of the big economic items. The pound slumped yesterday, with a negative bias this morning. UK manufacturing PMI dropped more than expected, while net […]
GOLD PRICES fell to 6-week lows against the Dollar but held firm against other major currencies in London trade Tuesday, extending its recent pattern into the first day of May. With China and most European financial markets shut for May Day, gold fell 0.4% to $1308 per ounce as the Dollar rose on the […]
Morning Report: 07.00 London The dollar continues to hover at the highs this morning. This 15 week high comes despite stock markets peeling off the highs and a massive day tomorrow. Wednesday brings both Non Farm Payrolls and the latest FOMC meeting. Dollar pairs are mixed, with the AUD/USD lifting off the highs. By contrast, […]
GOLD and SILVER PRICES fell in London trade Monday, dropping to 6- and 4-week lows respectively against a rising US Dollar as world stock markets edged higher but commodities dropped. Brent crude oil fell to $73.50 per barrel – some $2 below last week’s 3.5-year highs – after new data showed a jump in US oil […]
