GOLD PRICES rallied $5 per ounce from Friday’s $20 drop in London trade on Monday, rising to $1335 against a stronger US Dollar as a sell-off hit world stock markets for the 5th time in 6 trading days. With former Fed governor Jerome Powell today replacing Janet Yellen as chair of the world’s single […]
Morning Report: 07.00 London This morning, the US dollar is slipping back, but still remains in the driving seat after Friday’s rally. Friday saw a surge in interest for the dollar on better than expected Payroll data and bond yields. Speculation is now turning to the next rate hike as stock markets tumble. The AUD/USD […]
GOLD PRICES sank $10 inside 30 minutes Friday lunchtime in London as new US data showed a stronger-than-expected rise in new jobs plus the largest annual rise in average wages since January 2009. The Dollar jumped on the FX market, extending an overnight rally begun as the Bank of Japan became the first central […]
Morning Report: 07.00 London This morning, the dollar is back on the rise ahead of today’s Non Farm Payrolls after yesterday’s losses. Yesterday’s poor performance was driven by activity in treasuries which superseded strong economic data and results from tech giants who reported results last night. The euro is lagging slightly this morning, but generally […]
GOLD PRICES fell back below $1340 per ounce in London’s wholesale trade Thursday despite the US Dollar slipping again on the currency market after the Federal Reserve’s “no change” decision on interest rates overnight. Janet Yellen’s final meeting as Fed chair saw policymakers at the US central bank signal they’re on track to take […]
Morning Report: 07.00 London The dollar is on the rise this morning, supported by an in-line Final Fed meeting for departing chair Janet Yellen. Dollar pairs are on the back foot, with the AUD/USD leading the fallers, down 0.48%. Most other dollar pairs are lower, with the EUR/USD and GBP/USD falling by the same measure. […]
GOLD BARS dealt in London’s wholesale market held flat against most major currencies on Wednesday morning, edging back up to $1343 per ounce for US investors as world stockmarkets steadied from their 3-sesson drop ahead of today’s US Federal Reserve decision on Dollar interest rates. Heading for a 3.7% rise for the first month […]
Morning Report: 07.00 London This morning, the dollar index is on the back foot after a muted reaction to Trump’s state of the union speech. This has been good news for the NZD/USD which is powering higher this morning. This comes despite the AUD/USD lagging, with heavier selling this morning that is reversing as we […]
GOLD PRICES in the global wholesale markets bounced $10 from an overnight drop to $1334 on Tuesday as Chinese demand held firm ahead of next month’s Lunar New Year and volatility in the currency markets switched to Sterling amid fresh wrangling over Brexit. With 3 weeks until Chinese New Year – now the heaviest […]
Morning Report: 07.00 London This morning, the Japanese yen is on the rise as markets look for safer harbours and the previous weeks excesses are blown away. The yen pairs are the biggest losers, with the AUD/JPY down 0.62%. The USD/JPY itself has continued its losing run that first started in November. This comes as […]
GOLD PRICES slipped slightly back on Monday morning in London as the US Dollar surged after 6 straight weeks of losses, writes Steffen Grosshauser at BullionVault. Gold traded $6 below last week’s close at $1349 per ounce after touching an 18-month high at $1365 early on Friday. US Treasury bonds meantime extended their […]
Morning Report: 07.00 London The dollar index is recovering this morning after a poor week that compounded 2018’s weakness. We have an extremely busy week ahead with Trump’s state of the union address, Non Farm Payrolls and much more. Most dollar pairs are slipping back, including the AUD/USD which remains one of the top performers […]
GOLD PRICE gains from last Friday of 2.6% slipped to 1.5% against the US Dollar in London trade today, leaving the metal just $1.10 per ounce below a near 4-year high at its weekly close. The Dollar eased back but held half of yesterday’s sharp rebound from its lowest FX value since late 2014 […]
Jokes, art, gold and a final use for the Don’s ‘weak Dollar’ policy… THAT Nancy Spector at the Guggenheim in New York sounds like a right card, writes Adrian Ash at BullionVault. Her newly leaked email to the Trump White House of last September declined to lend Don and Mel their desired Van Gogh (‘Landscape […]
Morning Report: 07.00 London This morning, the US dollar index is receding after overnight excitement following Trumps comment that ultimately, he wanted to see a strong dollar. Whether this was a statement of policy intent, or a response to the dollar hawks, the effect has been short lived. The dollar index is continuing its losing […]
GOLD PRICES hit new 17-month highs against the Dollar above $1360 per ounce at the start of London dealing on Thursday, rising as the US currency extended its slump after President Donald Trump’s Treasury Secretary said he welcomed a “weak Dollar”. Gaining for the 12th time in 18 trading days so far in 2018, […]
Morning Report: 07.00 London This morning, the dollar remains soft, falling further after US Treasury secretary Steve Mnuchin affirmed the government’s support for a weaker dollar: “A weaker dollar is good for us as it relates to trade and opportunities”. The dollar experienced a broad-based selloff, led by the British pound that continues to climb […]
GOLD ETF trust fund trading saw bullion prices rise within $5 per ounce of last September’s 13-month high on Wednesday in Londonas the US Dollar fell to new 3-year lows on the FX market and Japan led a retreat in world stock markets from record-high levels. As gold prices moved above $1352 per ounce […]
Morning Report: 07.00 London The dollar index hit its lowest level in three years, trading below the 90 level for the first time since 2014. The move comes as key dollar pairs such as the GBP/USD and EUR/USD strengthen on rate hike expectations. The pound was also helped by smaller than expected public sector net […]
GOLD PRICES erased last week’s drop against the Dollar in Asian and London trade Tuesday, rising to $1337 per ounce even as the US currency held firm on the FX market. World stock markets followed Wall Street higher to new all-time records after the Senate ended the 3-day government shutdown by extending 2017’s budget […]
Morning Report: 07.00 London This morning, the British pound remains strong after the GBP/USD briefly broke the 1.4000 level, its highest level since the Brexit vote shock. The pound is the strongest performer for the week so far, with the GBP/USD’s gains being helped by an accommodative dollar. The EUR/GBP slumped yesterday as the pair […]
GOLD PRICES held steady as the Dollar remained weak Monday morning amid the US government shutdown, writes Steffen Grosshauser at BullionVault – the first since October 2013. After recording the 6th weekly gain in succession at the London PM benchmarking, wholesale gold bullion prices traded in a $6 range around Friday’s close at $1331 […]
Morning Report: 07.00 London This morning, the dollar is slightly stronger, but there has been a muted reaction to the US government shutdown. The dollar index is slightly higher. The dollar pairs are on the back foot with the EUR/USD sliding more than most ahead of Thursday’s ECB meeting. The euro’s underperformance is causing the […]
GOLD PRICES rose against the falling Dollar but held flat or fell versus other major currencies on Friday as the US faced a possible government shutdown over lawmakers’ failure to agree a 2018 budget. Asian and European stock markets shrugged off last night’s drop in New York stocks but major government bond prices slipped […]
Morning Report: 07.00 London This morning, the US dollar continues to weaken after mixed economic data yesterday. Philly Fed and housing starts came in below estimates while unemployment claims were better than expected. The dollar pairs are enjoying the dollar weakness, making a push for the highs. AUD/USD is extending its winning run and is […]
GOLD TRADING in London saw wholesale prices rally from near 1-week lows versus the Dollar on Thursday as the US currency fell again after new data said growth in China’s economy accelerated last year for the first time since 2010. Gold prices popped $5 higher but failed to hold above $1330 per ounce as […]
Morning Report: 07.00 London This morning, the dollar is easing off the pace following a day of solid gains yesterday. These gains came as Dallas Fed President Robert Kaplan outlined that three rate hikes were his baseline for 2018. At the same time, the dollar’s main counterparty – the euro slumped as ECB officials expressed […]
GOLD PRICES pulled back from 4-month highs above $1340 per ounce for the third day running in London on Wednesday, again trading lower for non-Dollar investors as the US currency fell once more. Asian and European stock markets also headed south after Wall Street marked a “key reversal” from fresh all-time record highs for […]
Morning Report: 07.00 London This morning, the US dollar is rebounding, despite yesterday’s Empire State Manufacturing coming in below estimates. Dollar pairs are off the pace, while the yen pairs rebound on dollar interest The EUR/USD is amongst the biggest fallers this morning, with the EUR/GBP dropping as the pound holds relatively steady. Other dollar […]
GOLD PRICES for Euro, UK and Japanese investors fell back near unchanged for 2018 so far on Tuesday and silver fell to a small loss for the New Year as world stock markets pushed up to fresh record highs. Industrial commodities fell but major government bond prices rallied from their sell-off, pulling the yield […]
