Morning Report: 07.00 London This morning, world markets have a risk-off bias as traders fret over renewed fears of global trade wars. The dollar index is slightly higher, giving most dollar pairs a negative edge. The AUD/USD is on the back foot as a potential direct and indirect victim of tariff wars. The AUD/JPY is […]
GOLD PRICES spiked to a 1-week high before retreating against a volatile US Dollar in London trade Wednesday as Russia promised retailiation over the UK expelling 23 diplomats as “undeclared intelligence officers” following the poisoning of a former spy with toxic nerve agent. The UK also said it is tightening checks on Russian state-owned […]
Spot gold prices first broke $1000 per ounce 14 March 2008… IN FACT the world’s first ever $1000 gold deal had happened the day before, writes Adrian Ash at BullionVault. Thursday 13 March 2008 – a day earlier than the wholesale ‘spot’ gold price finally popped above $1000 per ounce – saw a […]
Morning Report: 07.00 London This morning, the Australian dollar is leading markets higher after better than expected Chinese industrial production data. Both the AUD/ USD and AUD/ JPY are rising after yesterday’s volatile session. The dollar pairs are generally mixed, with the dollar index negative admin US political uncertainty. The EUR/USD and GBP/USD are on […]
GOLD PRICES leapt against a sinking Dollar on Tuesday but quickly fell back after US consumer prices showed the fastest inflation in 6 months and US President Donald Trump sacked his Secretary of State Rex Tillerson with a tweet, one day after Tillerson called Russia “a force for instability in the world.” Trump had […]
Morning Report: 07.00 London This morning, the US dollar is back on the rise as investors weigh up the prospect of higher inflation fuelling rate rises. The US dollar index is rising from what appears to be short term support. The dollar pairs are mixed, with the AUD/USD and NZD/USD making gains while the EUR/USD […]
GOLD PRICES started the week lower against a falling US Dollar on Monday, while equity markets surged after Friday’s strong US job data eased fears of inflation, writes Steffen Grosshauser at BullionVault. With the US central bank expected to hike interest rates at its March meeting next week, gold fell 0.5% even as the Dollar […]
Morning Report: 07.00 London This morning, the dollar index remains weak following Friday’s mixed jobs report. Headline Non Farm Payrolls increased more than expected, but average earnings and unemployment both disappointed. Dollar pairs have enjoyed the release, with the AUD/USD and NZD/USD gapping higher at the open. The EUR/USD’s early trading is a little more […]
Morning Report: 07.00 London This morning, momentum remains with the dollar index following the announcement of historic talks between Trump and Kim Jong Un in North Korea. The dollar index is unchanged following yesterday’s bumper rally on the hope of a lasting peace and an end to Nuclear ambitions in North Korea. The dollar pairs […]
GOLD PRICES bounced late-Friday to end the week unchanged per ounce after the United States reported the strongest jobs growth in 19 months. Rallying to $1323 as London trade ended, the gold price had earlier slipped to 7-session lows at $1314 after Donald Trump became the first US president to announce a meeting with […]
GOLD and SILVER TRADING in London’s wholesale bullion market saw prices hold firm in everything but the single Euro currency on Thursday as the European Central Bank dropped a commitment to boost its QE stimulus if the economic or financial outlook worsens. Platinum prices also fell hard against the Euro as the ECB cut […]
Morning Report: 07.00 London This morning, world markets are steady after Trump appeared to ease his stance on trade tariffs. The Canadian dollar has reversed recent weakness, while most other currencies are mixed. This comes amid concerns of a wider trade war after China and Australia posted larger than expected trade surpluses. The dollar index […]
GOLD BULLION slipped against a weakening Dollar in London trade Wednesday, retreating $10 from a 1-week high at $1340 per ounce as talk of a global ‘trade war’ spurred by US President Donald Trump grew yet again following the resignation of his top economic advisor, Gary Cohn. After new data showed US factory orders […]
Morning Report: 07.00 London This morning, the US dollar remains weak as markets digest the resignation of Gary Cohn from the government administration. Widely regarded as the ‘adult in the room’, Cohn’s resignation is seen as a sign that Tariffs really will happen. This also opens up wider concerns about the Trump administration, with stock […]
GOLD PRICES rose against a weakening Dollar in London trade Tuesday, regaining last week’s 0.5% loss to reach $1329 per ounce but slipping in Euro and Sterling terms as talk of a “trade war” between the US and Europe grew. After US President Donald Trump last week proposed new US tariffs on steel and […]
Morning Report: 07.00 London This morning, the Canadian dollar remains under pressure, flirting with eight month lows against the US dollar as NAFTA and tariff fears pile up. The USD/CAD remains near the highs as the US dollar index recovers, climbing for the second day in a row. The dollar pairs are mixed, with the […]
GOLD PRICES held onto last week’s closing level Monday morning in London as the weekend’s national elections in Italy – the Eurozone’s third largest economy – gave no clear winner overall, writes Steffen Grosshauser at BullionVault. Analysts and traders were further worried by US President Donald Trump’s open declaration of a “trade war”, with […]
Morning Report: 07.00 London The euro is struggling this morning after Italian election results pointed to no overall majority, but with a clear swing away from mainstream parties. Most dollar pairs are lower this morning, but the EUR/USD is showing relative weakness. The EUR/GBP has reversed from the highs this morning as investors fret over […]
GOLD PRICES whipped amid sharp currency swings on Friday as global stock markets fell hard after US President Donald Trump defended plans for stiff tariffs on imports of steel and aluminum into the world’s No.1 economy by declaring that “trade wars are good”. Proposing 25% tariffs on imports of steel and 10% on aluminum last […]
Morning Report: 07.00 London This morning, the US dollar is reversing lower following a negative reaction to Trump’s plan to impose a 25% tariff on steel imports. The dollar pairs are generally positive, but there are some exceptions as the EUR/USD trades lower and AUD/USD remains. The GBP/USD is on the rise after selling yesterday […]
BUY GOLD prices in London’s wholesale market erased the last of 2018’s previous 4.9% gain on Thursday, falling back near $1300 per ounce after new US inflation data came in stronger than analysts forecast. The PCE measure of US consumer costs rose 1.7% in January from the same month last year, the Bureau of […]
Morning Report: 07.00 London The British pound remains under severe pressure this morning after Brexit negotiations hit a severe stumbling block in the form of the Northern Irish border. This issue had essentially been swept under the carpet, but it now returned to haunt UK negotiators. The GBP/USD slumped below 1.3800, with the GBP/JPY plunging […]
What do the Comex silver bears know…? YOU MIGHT think hedge fund traders have called it right so far in 2018 on silver investing, writes Adrian Ash at BullionVault. As a group, the ‘Managed Money’ category of traders betting on Comex silver contracts stayed bearish overall in mid-to-late February, having turned against the […]
GOLD PRICES steadied at multi-week lows on Wednesday as the Dollar paused its gains but world stock markets followed Wall Street lower after new Federal Reserve chair Jerome Powell told US lawmakers to expect further interest rate hikes. Extending its sharpest 1-week drop of 2018 to date, gold fell another $20 per ounce between […]
Morning Report: 07.00 London This morning, the US dollar is backing off after heft gains made yesterday on the back of Fed Chair Powell’s testimony. The speech appeared to cement previous analysis that rate hikes were on the cards. Dollar pairs are making small gains this morning, with the NZD/USD and AUD/USD making good some […]
GOLD PRICES fell as new US Fed chair Jerome Powell began his first testimony to lawmakers on Tuesday, retreating to last week’s closing level as the US Dollar rallied from a fresh drop on the currency market. New data meantime missed analyst forecasts, showing the US trade deficit in goods widening badly even as […]
Morning Report: 07.00 London This morning, the British pound remains under pressure as the ‘Brexitometer’ swings firmly in the EU’s favour. The latest change comes amid ongoing Conservative infighting and a firm stance taken by the EU. The EUR/GBP has risen for the last two days. The EUR/USD is also set for two days of […]
GOLD PRICES regained half of last week’s losses on Monday morning in London as the US Dollar inched down ahead of US inflation data and the new Fed chief Jerome Powell’s first congressional testimony, writes Steffen Grosshauser at BullionVault. Federal Reserve chairman Jerome Powell will speak about US monetary policy before the House Financial […]
Morning Report: 07.00 London This morning, the US dollar is on the back foot, eating further into the gains made early last week. The dollar pairs are enjoying gains this morning as the dollar backs off the pace. The AUD/USD and NZD/USD are enjoying positive sessions as the former finds support in the 0.7800 region. […]
GOLD PRICES in the global wholesale center of London headed for the steepest 1-week drop of 2018 so far on Friday, holding a 1.7% loss against a stronger US Dollar as major government bond prices edged higher again from this month’s sharp sell-off, nudging interest rates down. Failing to set a 4-year weekly closing high […]
