GOLD PRICES edged higher against a falling US Dollar on Monday morning in London as world stock markets rose to fresh all-time highs, writes Steffen Grosshauser at BullionVault. Silver tracked gold prices, also dropping against the Euro and British Pound, while platinum jumped. Primarily used in catalysts to clean diesel engine emissions, platinum […]
Morning Report: 07.00 London Markets are quiet this morning despite apparent good news from the US on the tax bill front. The US dollar is on the back foot, helping dollar pairs to nip higher. The NZD/USD is the top performer after out-performing on Friday, rising by 0.59%. The neighbouring AUD/USD is up 0.33%. The […]
GOLD BARS rose above 1-week highs against most major currencies in London trade Friday, extending their recovery from this week’s multi-month lows as world stock markets slipped for a second day from new all-time highs. Bond yields eased back as debt prices rose with commodity costs. Popping to $1260 per ounce as the […]
Morning Report: 07.00 London The euro remains subdued this morning after heavy selling yesterday. The ECB maintained a positive economic outlook, but expressed on concerns over inflation increasing below target. The EUR/GBP slumped yesterday, with the EUR/USD reversing half of Wednesday’s gains. With the exception of the euro, dollar pairs are performing well again this […]
GOLD PRICES rose further in London trade Thursday, gaining $20 per ounce from this week’s 5-month lows after the US Federal Reserve raised its key interest rate as expected. After UK inflation came in at a 6-year high of 3.1%, the Bank of England today voted unanimously to hold its key interest rate at […]
Morning Report: 07.00 London This morning, the dollar index remains under pressure after yesterday’s FOMC meeting. As expected, the Fed elected to increase rates to 1.5%, but crucially there were two dissenting votes. This in addition to a softening in some of the commentary and core CPI missing expectations. The dollar pairs are mostly enjoying […]
GOLD PRICES rallied $10 per ounce from yesterday’s fresh 5-month lows against the Dollar in Asian trade Wednesday, only to lose half that bounce in London as traders looked to today’s key US monetary policy decision from the Federal Reserve. With US inflation data due later on Wednesday, just before the US Fed’s widely-expected […]
Morning Report: 07.00 London Markets remain wary before today’s historic Fed meeting where rates are expected to increase 1.5%. This caution comes despite the Dow Jones hitting record highs last night. The dollar is down slightly but generally unmoved. The New Zealand dollar continues as the top performer and is now set to rally for […]
SPOT GOLD prices failed to hold a 0.4% overnight rally from new 5-month lows in London on Tuesday, slipping back as world stock markets rose again ahead of tomorrow’s key US Fed decision on Dollar interest rates amid worsening tensions in the Middle East. Edging back towards $1241 per ounce today, the price of […]
Morning Report: 07.00 London Markets remain cautious this morning ahead of Wednesday’s FOMC meeting Where expectations are high for a 0.25% increase in rates. The dollar is nipping lower slightly, in a move that is helping the dollar pairs to increase slightly. The AUD/USD is stringing two strong days together on the bounce, while the […]
SILVER PRICES failed to follow a small bounce in gold bullion Monday morning in London, holding unchanged versus the US Dollar from New Year 2017 as gold held $100 per ounce higher from January 1st ahead of this week’s long-anticipated US Federal Reserve decision on interest rates. With silver prices slipping towards last week’s […]
Morning Report: 07.00 London Expectations are high for a US rate hike this week, but this was largely priced in last week. So far we’re seeing a slight pull-back this week, giving dollar pairs a general boost. The New Zealand dollar is the power currency, rallying on the confirmation Adrian Orr will be the new […]
If Bitcoin really is like gold, watch out…! NEW YEAR’s DAY 1975 marked a huge turn in the gold market, writes Adrian Ash at BullionVault. Forty years after banning it, the US government at last let private citizens own bullion. Coin shops and banks knew how big this was. So they raced […]
GOLD and SILVER prices steadied above 5-month lows versus the US Dollar in London trade Friday, rallying into the weekend as global stock markets rose. The EuroStoxx 50 index of Europe’s largest corporations added 1.8% for the week. Commodities edged higher but major government bond prices slipped further from Thursday’s drop, when gold […]
GOLD PRICES cut this year’s gain below 9% for US Dollar investors in London trade Thursday morning, dropping to new 4-month lows beneath $1255 per ounce as crypto-currency Bitcoin surged past $15,000 for a 2017 gain of 1,456%. Commodities today slipped overall after Wall Street stock markets closed lower overnight for the fourth session running […]
Morning Report: 07.00 London Sterling is pausing this morning after soaring yesterday on hopes that today will see the close of the first phase of Brexit negotiations. Teresa May is expected to travel to Brussels to announce a solution to the Northern Ireland border problem. The EUR/GBP has dropped to its lowest levels since June […]
Governments have abused and distorted our money. How about a ‘Bitcoin standard’…? THIS is a subsection of a book that’s coming later. It seemed worth publishing now, writes Paul Tustain, founder and chairman of BullionVault and co-founder of WhiskyInvestDirect. What is money? Strangely, for something with which we are all so familiar, not one person in […]
GOLD PRICES cut this year’s gain below 9% for US Dollar investors in London trade Thursday morning, dropping to new 4-month lows beneath $1255 per ounce as crypto-currency Bitcoin surged past $15,000 for a 2017 gain of 1,456%. Commodities today slipped overall after Wall Street stock markets closed lower overnight for the fourth session […]
Morning Report: 07.00 London This morning, the US dollar is firmly in control on expectations for further rate hikes and confidence following the passing of tax legislation. This in turn is putting pressure on dollar pairs, notably the AUD/USD which is off by 0.33%. The AUD/JPY is also extending yesterday’s losses. This comes on the […]
GOLD BARS rallied from yesterday’s 9-week low in Asian and London trade Tuesday as global equities slipped with commodity prices amid rising tensions over Washington’s policies in both the Middle East and towards rogue state North Korea. A Chinese state-run newspaper today gave readers near the border with North Korea a page of “common […]
Morning Report: 07.00 London This morning, the Australian dollar is on the back foot after Aussie GDP came in below estimates this morning. The AUD/JPY is now down 0.75%, with the AUD/USD down 0.33%. The dollar pairs generally have a positive bias as the dollar index slips back. The NZD/USD is outperforming, breaking away from […]
GOLD PRICES slipped near 1-month lows against a rising US Dollar in London trade on Tuesday, drifting back to $1273 per ounce as world stock markets followed Wall Street lower after Monday’s drop. Commodities fell as major government bond prices edged longer-term interest rates higher. “Gold should encounter significant support at $1269/67 and […]
Morning Report: 07.00 London This morning, the British pound is on the back foot on reports that a deal with the EU has been scuppered by DUP objections to the Northern Irish border proposals. The GBP/USD is down 0.34%, while the GBP/AUD rallies by nearly 1%. The pound is also making concessions against the euro […]
GOLD PRICES dipped Monday morning as the US Dollar gained following the Senate’s approval of Donald Trump’s tax cuts and Western stock markets rose, writes Steffen Grosshauser at BullionVault. The US Dollar briefly touched a 2-week high after the Senate narrowly approved the Republican Party’s tax overhaul on Saturday, including plans to slash the […]
So the perfect ‘asset’ for this bubble in everything… BITCOIN blew by another milestone, writes Bill Bonner in his Diary of a Rogue Economist. Last week, the world’s first cryptocurrency hit a new record above $10,000. It started off the year trading at just $997. “I can’t believe what happened,” said a friend. “I bought […]
Morning Report: 07.00 London This morning, the US dollar is on the charge as traders react to the passing of Trump’s tax bill. This comes following heavy losses on Friday on concerns over Flynn’s testimony over Trump. The dollar index is higher, forcing dollar pairs lower. The biggest losses have been seen on the Swiss […]
GOLD BULLION prices gave back a rally against the US Dollar on Friday to head for their lowest weekly close in four as European stock markets retreated, relations between Turkey and Nato ally the US worsened again, and Bitcoin rallied 6% below this week’s new all-time record high. Falling back to $1273 per ounce […]
Morning Report: 07.00 London This morning, the euro is recovering some of the ground lost this week despite yesterday’s poor European CPI data. The EUR/USD is up 0.2%, with the EUR/JPY slightly higher and the EUR/GBP rallying for the first time in five sessions. The pound is lagging the euro, but remains positive against the […]
Truly headline news rarely proves good for investors… RADIO 3, the BBC’s classical music station, isn’t known as a hot source of finance tips, writes Adrian Ash at BullionVault. Not beyond recommending the occasional ‘budget price’ recording of Schubert or Schumann for your collection. So when Radio 3’s 7am headlines get between […]
BULLION PRICES slipped again but gold mining shares rose Thursday in London as Asian stock markets followed Wall Street lower but Eurozone equities rose. Crypto-currency Bitcoin jumped and slumped again, retouching yesterday’s low of $9,300 to trade 17% below Wednesday’s fresh all-time record above $11,300. Gold fell 1.7% from Monday’s attempt at 6-week […]
