Morning Report: 07.00 London This morning, the euro is holding at the highs after surging again yesterday on the back of comments from ECB member Hansson. These comments appeared to echo previous ECB which point to the ending of asset purchases in the final quarter of the year. The pound lagged the euro slightly yesterday, […]
The end of days hits New Year 2018… GOLD PRICES have jumped over 8% from this point last month, says Adrian Ash at BullionVault. At the same time, major government bond prices have dropped as 2018 gets started, pushing up the yield offered to new buyers. Bond yields up, gold up? […]
GOLD BAR prices shot to new 4-month highs against the Dollar in wholesale trade on Monday morning in London as the US currency plunged to a 3-year low versus the world’s other currencies amid worsening tensions between nuclear states India and Pakistan, write Steffen Grosshauser and Adrian Ash at BullionVault. With US markets shut […]
Morning Report: 07.00 London This morning, the US dollar index remains under pressure following Friday’s session which saw counter pressure from the euro and pound. The euro surged on hope of a breakthrough in German coalition talks. In addition, US retail sales dropped more than expected. The EUR/USD is now up 1.81% on the month, […]
Gold investing can wait ’til the crash. Right…? SO EVERYONE thinks the stock market is about to pull back or even crash, but no one is doing a damn thing about it, writes Adrian Ash at BullionVault. “Many clients we meet are fully invested bears,” reports ever-bearish strategist Albert Edwards at SocGen, “nervously […]
GOLD INVESTMENT bars pushed their New Year 2018 gains to 2.3% versus a falling Dollar in London trade Friday, rising even as world stock markets extended yesterday’s fresh record highs in US equities. Large bullion bars traded by wholesalers and investment dealers reached new 4-month highs at $1332 per ounce before edging back after […]
Morning Report: 07.00 London This morning, the euro remains on a high after surging yesterday on the back of Hawkish ECB minutes which appeared to point to change in forward guidance in coming months. The EUR/USD has been pushed back to the recent highs, while the EUR/JPY erased most of Wednesday’s losses. The EUR/GBP has […]
GOLD PRICES rose back above $1320 per ounce against a weakening US Dollar on Thursday as major government bond yields rose once more and Beijing played down rumors it might stop or cut its demand for US government debt. Responding to Wednesday’s claims from Bloomberg that the People’s Bank may stop buying Treasuries as […]
Morning Report: 07.00 London This morning, the Australian dollar is powering higher on better than expected retail sales. The AUD/USD is performing better, but it’s the AUD/JPY that is setting the pace and erasing most of yesterday’s losses. The yen pairs are generally performing well as the week’s earlier yen surge retreats. The USD/JPY and […]
GOLD PRICES jumped 1.2% against a plunging Dollar in London trade Wednesday morning, setting the highest bullion-market benchmark in 4 months as financial markets whipped on rumors that China may stop buying more US government debt for its huge foreign currency reserves. Bloomberg News says officials running China’s $3.14 trillion of central-bank reserves have […]
Morning Report: 07.00 London This morning the yen is on the rise, with all yen pairs experiencing significant selling on reports that the BoJ may exit from its stimulus programme. The USD/JPY is leading the losers, while the EUR/JPY is set for three days of heavy losses. The AUD/JPY has now reversed much of last […]
GOLD PRICES slipped Tuesday in London’s wholesale market, falling for only the fourth time in 16 trading days as world stock markets, commodities and government bond prices all rose yet again. The US Dollar extended this week’s rally from 3-month lows on the currency market, pushing the Euro down to $1.19205, a 7-session low. […]
GOLD PRICES held onto last week’s 1.4% gains in London trade Monday but silver slipped amid a rally in the Dollar on the forex market. World equities pushed up to fresh all-time record highs as major government bond prices also rose, pushing interest rates lower. European banking stocks lagged the broader gain in […]
Morning Report: 07.00 London This morning, the Australian dollar is under pressure after a government reporting predicting a 20% fall in iron ore prices. The AUD/USD is off this morning, as is the AUD/JPY which is reversing Friday’s gains. The NZD/USD as a more positive bias however. The US dollar index is on the rise […]
But what about those Not Dollar gold investing…? 2018 BEGINS with smart people saying the year ahead looks good for gold investing, writes Adrian Ash at BullionVault. So far the market agrees. The gold price in Dollars has just made its strongest run of back-to-back daily gains since February 2016, rising on 10 […]
GOLD PRICES rose back above $1320 per ounce versus the falling Dollar in London’s wholesale trade on Friday, heading for the highest weekly close in 16 after new data said the United States added far fewer jobs than analysts expected last month. The official non-farm payrolls estimate also put average annual wage growth in […]
Morning Report: 07.00 London This morning, the US dollar has a positive bias, but the damage was done yesterday as tax cut optimism reversed. This was good news for dollar pairs has they climbed across the board. The NZD/USD led the pack with solid gains, while the AUD/USD continued its winning run. The latter is […]
GOLD PRICES popped back to $1315 per ounce Thursday lunchtime in London’s wholesale market as new US jobs data saw the Dollar drop and world stock markets rise yet again. New claims for US jobless benefits rose last week, defying analyst forecasts. But ahead of Friday’s official jobs estimate for December, the private-sector ADP […]
Morning Report: 07.00 London This morning, the dollar is retreating after making gains across the board yesterday on the back of the FOMC meeting minutes. The minutes showed the Fed at least considering the prospect of rate hikes in light of the Trump led tax cuts. This coupled with strong ISM manufacturing PMI made a […]
GOLD PRICES extended their New Year 2018 rally against the Dollar in London on Wednesday morning, rising for the 10th time in 11 trading days. In the last 50 years the Dollar price of gold bullion has beaten such a run only 7 times before. Touching $1321 per ounce in ‘spot’ trading, physical […]
Morning Report: 07.00 London This morning, the British pound continues to outperform despite yesterday’s sub-par Manufacturing PMI. Housing equity withdrawals came in better than expected which may have softened the blow somewhat. The GBP/USD is unchanged after strong gains yesterday. The EUR/GBP continues its decline for the week as other dollar pairs struggle. The EUR/USD […]
GOLD BARS traded in London’s wholesale market rose to 15-week highs above $1300 per ounce against a falling US Dollar as 2018 got underway on Tuesday, rising almost 1% from before New Year. Global stock markets also gained as the Dollar extended last year’s 9.8% drop against the world’s other leadng currencies – its […]
Morning Report: 07.00 London This morning, the dollar index is starting 2018 as it ending last year – with a decline. The Greenback has broken the October lows, cementing a poor year which has seen losses of 7%, its worse year since 2007. Traders are exercising caution and going with the general negative trend this […]
GOLD BULLION prices rose a second year running in 2017, ending December at the highest annual close in US Dollar terms since the peak of 2012. Having risen 9.1% in 2016 in Dollar terms, gold bullion finished 11.9% higher again in 2017, its strongest gain since 2010 for US investors. Fixing at $1296.50 […]
Morning Report: 07.00 London This morning, the Japanese yen has a negative bias after the BOJ opted to pass this morning’s meeting without any significant changes. The USD/JPY and other yen pairs are on the rise. The AUD/JPY is continuing to rally in particular, while the AUD/USD slips back. The dollar pairs have a slight […]
Forget gold! 2018 investment forecasts love stocks… The NEW European HQ of financial data and news-giant Bloomberg in London really is something, writes Adrian Ash at BullionVault. Amazing views…even more amazing decor and furnishings… …and a genuine Roman temple in the basement! Free to visit, the Temple of Mithras is […]
GOLD PRICES rose against a falling US Dollar on Wednesday morning, touching 2-week highs at $1266 per ounce despite an overnight jump in longer-term US interest rates after lawmakers in Washington voted to approve President Trump’s tax plan. Adjusted for market-based inflation forecasts, 10-year US interest rates typically move opposite to the direction of […]
Morning Report: 07.00 London This morning, the New Zealand dollar is on the back foot after trade balance and current account date slumped more than expected. The NZD/USD is of by 0.17% this morning. The euro continues to perform well by contrast, with the EUR/JPY up over 1% on the week and the EUR/USD up […]
SPOT GOLD led the other precious metals up towards 2-week highs in London trade Tuesday before slipping back as global equities struggled to extend yesterday’s fresh record highs in the US stock market. The Shanghai and Shenzen stock market closed 1.3% higher at new 2.5-year highs, but Tokyo fell and European equities held flat. […]
Morning Report: 07.00 London This morning, the dollar index is further eating into Friday’s gains, extending the indifferent run seen since the start of the month. The dollar pairs are higher this morning, but most are stuck within chopping trading ranges. The NZD/USD and AUD/USD are showing the strongest short terms trends, rising clearly off […]
