GOLD PRICES slipped but held 1.1% higher from last Friday’s 13-week closing low in Dollar terms today as world equities followed Wall Street further below the stock market’s recent all-time highs. Silver held the same weekly gain at $17.02 per ounce, while platinum prices traded 1.7% higher from last Friday above $936. Crude […]
Morning Report: 07.00 London This morning, the US dollar is weaker again on concerns that US tax cut reforms will be delayed. The USD/JPY dropped significantly yesterday, though is making small gains this morning, mainly on the back of a weaker yen. The dollar pairs are mixed, with the GBP/USD enjoying a positive start alongside […]
BUY GOLD prices traded at 3-week highs and more against all major currencies outside the Japanese Yen on Thursday, rising despite new data showing the weakest 12-monthly gold demand since early 2010. Global gold buying demand fell below 4,000 tonnes between October 2016 and September this year, with global gold mining output larger by […]
Morning Report: 07.00 London This morning, the NZD/USD is one of the top performers after the RBNZ opted for a hawkish tone that points to rate hikes sooner than previously expected. The dollar pairs are generally higher with the exception of the AUD/USD, with the dollar index slipping lower despite Trump’s Asia trade talks. The […]
GOLD PRICE gains of 0.9% for the week so far held firm in London trade Wednesday as world stock markets flat-lined with bonds and commodities, and news spread that hundreds of millions of dollars held in crypto-currency Ethereum have been potentially lost by a developer “error”. Between $150-300 million-worth of crypto-currency was either frozen […]
Morning Report: 07.00 London This morning, the Australian dollar is weaker after Chinese trade balance figures came in below expectations. The AUD/USD is sitting at the low end of its trading range and challenging the lows, while the AUD/JPY is set to extend its bear run. The NZD/USD had been performing relatively well, but is […]
GOLD PRICES held most of yesterday’s 1.0% jump against the Dollar and touched new 3-week highs for Euro investors on Tuesday, trading higher as crude oil rose and Saudi Arabia accused Iran of “direct military aggression” tantamount to a declaration of war. Wall Street’s S&P500 index of US stocks ended Monday with its 11th […]
Morning Report: 07.00 London This morning, the pound is performing well relative to the euro. The GBP/USD has now erased more than half of last week’s losses, with the EUR/GBP rebounding and reversing three quarters of last week’s gains. Yesterday, the saw some soft economic data, while inflation concerns have boosted the pound. The yen […]
GOLD PRICES rose in all major currencies outside a rallying British Pound on Monday, gaining as crude oil hit 2-year highs amid political turmoil and violence in the Middle East. Gold prices rallied back to $1272 per ounce as oil futures rose to their highest Dollar price since mid-2015, breaching $62 per barrel of […]
Morning Report: 07.00 London This morning, the US dollar is maintaining its strong position despite Friday’s mixed set of employment figures. US Average earnings and non farm employment changed dropped more than expected. Meanwhile, the unemployment rate dropped to 4.1%, with ISM non-manufacturing PMI rising more than expected. Overall, these were disappointing numbers, yet the […]
GOLD PRICES gave back a $5 pop on new US jobs data Friday to near the weekend at $1269 per ounce – a 13-week closing low – as world stock markets slipped from new all-time highs. Crude oil rose but base metals eased back further from their 25% gains of the last 6 months. […]
Morning Report: 07.00 London The British pound is subdued this morning despite the MPC increasing rates by 0.25% to 0.50%. The pound’s slump came because traders had started to price in more rate hikes than now seem apparent. Analysts now expect just two rate hikes before 2020. The EUR/GBP is now up nearly 1% for […]
GOLD PRICES held or rose near multi-week highs for most investors outside the US Dollar and Euro on Thursday, as the Bank of England followed the Federal Reserve’s widely expected “no change” decision by raising UK rates off an all-time record low as analysts and traders had forecast. The Pound fell hard on the […]
Morning Report: 07.00 London This morning, the British pound is subdued ahead of the today’s Bank of England meeting where the MPC are expected to raise rates by 0.25%. Such has been the telegraphing of such a move that any failure to raise rates today could see the pound plunge today. Elsewhere, the Australian dollar […]
GOLD PRICE gains of 0.9% overnight evaporated against a rising US Dollar in London on Wednesday ahead of the Federal Reserve’s latest policy decision, widely-expected to leave interest rates and QE unchanged. Gold popped to 1-week highs at $1280 per ounce in Asian trade overnight as the Caixin PMI survey said Chinese manufacturing activity […]
Morning Report: 07.00 London This morning, the US dollar is trading slightly higher ahead of today’s FOMC meeting, building on yesterday’s gains. The dollar remains unaffected by yesterday’s New York terror attack. The dollar pairs are mixed, with the NZD/USD rallying after strong employment data last night. The AUD/USD is also out-performing in sympathy. By […]
Bitcoin ‘to da moon!’ is slaying Google searches to ‘buy silver’… QUICK! Can you name this asset? asks Adrian Ash at BullionVault. There’s not a moment to lose… It’s got a storming story – new technology, China, mass adoption, the future, you name it; Scarcity is guaranteed (kinda), with a huge shortage certain […]
GOLD PRICE gains of 0.5% evaporated in Dollar terms in London trade Tuesday as European stock markets rose with government bond prices despite the “internationalization” to Belgium of Catalonia’s separatist push against Spain. With Dollar-gold trading down to last week’s finish at $1272 per ounce — the lowest Friday close since early August — the […]
Morning Report: 07.00 London This morning, the euro is continuing to under-perform the pound and losing ground against the US dollar. This comes despite positive signs of stability in the region with pro-independence parties expected to lose their majority in the coming elections. The Australian dollar is lower today, with the AUD/JPY dropping for the […]
GOLD PRICES inched lower on Monday morning in London ahead of a busy week for central bank policy meetings, plus Donald Trump’s pick for the next head of the US Federal Reserve, writes Steffen Grosshauser at BullionVault. After the European Central Bank slowed its QE stimulus growth last week, the Bank of Japan will […]
Morning Report: 07.00 London This morning, the euro is trading slightly higher despite uncertainty surrounding the next steps for Catalonia and Spain as Madrid takes direct control of the region. The EUR/USD has gapped higher at the open, while the EUR/GBP is higher. The dollar is off the pace despite GDP data coming in above […]
GOLD BULLION headed for its lowest weekly close since the start of August today, losing over 1% against the rising Dollar from last Friday’s finish as world stock markets rose yet again. After Thursday’s latest data showed the US trade deficit, jobless benefit claims and pending home-sales all worsening, GDP figures for July to […]
Morning Report: 07.00 London This morning, the US dollar remains dominant as money floods out of the euro and into the Greenback. The main catalyst was a solid set of US corporate earnings last night, with Alphabet, Amazon and Twitter trading sharply higher. The big move yesterday came from the ECB which opted to half […]
GOLD PRICES fell against a rising US Dollar on Thursday but erased this week’s earlier 0.7% loss versus the Euro currency as the European Central Bank unveiled a smaller than expected “taper” of its quantitative easing program. Vowing to keep its zero and negative interest-rate policy unchanged “for an extended period [and] well past […]
Morning Report: 07.00 London This morning, the Australian dollar remains under pressure after suffering its heaviest selling in over a month. The AUD/JPY is off by 1.34% on the week, with the AUD/USD falling to its lowest since July and the GBP/AUD slumping to its lowest level since June. The NZD/USD has followed the Aussie […]
Morning Report: 07.00 London This morning, the Australian dollar is sinking fast after inflation (CPI) dropped more than expected. The AUD/JPY is down 0.84%, with the AUD/USD off by 0.73%. The NZD/USD is following suit, with minor losses to follow up on yesterday’s slump. The US dollar continues to rise, pushing to the highest level […]
The dumbest investing idea you’ll read before the next stockmarket crash… SO LAST WEEK’s LBMA conference in Barcelona coincided not only with the city’s split over independence for Catalonia, writes Adrian Ash at BullionVault. It also saw the 30th anniversary of the 1987 stock market crash, the sharpest ever plunge in major world […]
Morning Report: 07.00 London This morning, the euro remains under pressure as Catalan separatists threaten to form human shields to block Spanish authorities attempts to take direct control of the region. The EUR/USD was unable to close yesterday’s opening gap lower yesterday, while the EUR/GBP remains on the back foot. By contrast, the GBP/USD has […]
Morning Report: 07.00 London This morning, the Japanese yen is recovering after an initially slumping at the open. Abe’s victory is thought to point to a looser monetary policy, but it seems markets may have got ahead of themselves first thing this morning. The USD/JPY gapped higher, as did other yen pairs, but this move […]
Morning Report: 07.00 London This morning, the New Zealand dollar remains on the back foot after heavy selling yesterday. Markets took an instant dislike to the nation’s new Labour leader, with the NZD/USD now down 2.55% on the week. The yen continues to retreat ahead of the weekend’s Japanese elections, with the USD/JPY set to […]
