GOLD PRICES rose near 2-week highs above $1225 in London trade Wednesday, adding $5 per ounce as the US Dollar slipped against other major currencies and European stock markets rallied from the latest slump in global equities. White House advisor Kevin Hassett said overnight the US may push for China to be expelled from […]
Morning Report: 07.00 London The US dollar index is slipping back slightly this morning after hefty gains yesterday. Some of the biggest gains came against the Canadian dollar, which is suffering as oil prices continue to plunge on fears of over-production. The USD/CAD shot higher to above 1.3300 overnight, with minor losses so far this […]
GOLD PRICES rose to 2-week highs for Dollar and Euro investors on Tuesday and reached new November highs in terms of the British Pound as global stock markets fell sharply, extending yesterday’s 1.7% loss on Wall Street. Reaching near $1229 per ounce, gold then eased back $5 as the Dollar rallied, keeping the Euro […]
Supply, demand and the looming recession… WHAT next for gold prices if the slump in crude oil means a recession lies dead ahead? asks Adrian Ash at BullionVault. “Generally a reflection of the global economy’s heartbeat,” says UK fund management giant M&G’s Bond Vigilantes blog, “[Brent crude] oil prices sank to $56 per […]
Morning Report: 07.00 London The dollar index is stable despite further selling of US technology stocks last night. The Nasdaq 100, home to Apple, Amazon and Microsoft et al sold off by over 3% and is sitting at the lows. Dollar pairs are mixed this morning, with the Australian dollar struggling on release of the […]
GOLD PRICES edged lower on Monday even as US-China trade tensions failed to improve at a key summit, while longer-term interest rates edged higher amid rumors the US Federal Reserve may end its monetary tightening sooner than expected, writes Atsuko Whitehouse at BullionVault. World stock markets pushed up 0.3% but crude oil slipped with […]
Morning Report: 07.00 London The US Dollar index is slightly firmer after heavy selling last week on trade tensions and a return to risk appetite across Europe. The AUD/USD has gapped lower after popping above 0.73100 on Friday. Traders will be eyeing this line to see if former resistance will be come support. The EUR/USD […]
GOLD PRICES rose against a falling US Dollar on Friday, halving last week’s 1.9% drop to trade back above $1220 per ounce as Western stock markets fell and crude oil rallied from this month’s 17% plunge so far. Gold priced in the British Pound meantime re-touched £950 for a second day running, adding 2.0% […]
Morning Report: 07.00 London This morning, the pound is stable after suffering its biggest single day loss since Brexit yesterday. The GBP/USD plunged dramatically, but still remains above the November and August lows, with small gains this morning. The GBP/JPY suffered significant losses on the day, but the November and indeed August lows remain some […]
GOLD TRADING saw bullion prices hold little changed against a rising US Dollar on Thursday as Western stock markets fell again and the British Pound sank following a raft of resignations from UK prime minister Theresa May’s government over her draft EU withdrawal deal. Now needing to put the deal before Parliament in London, […]
Morning Report: 07.00 London The British pound is making tentative gains in line with other dollar pairs. Yesterday’s market reaction to Theresa May’s historic and fractious cabinet agreement on her Brexit proposal is best summarised as ‘meh’. After much volatility throughout the day, the pound finished slightly lower, with those losses being erased this morning. […]
GOLD PRICES slipped back below $1200 for the second session running in London on Wednesday, retreating $2 towards fresh 5-week lows as the Dollar rose, Asian stock markets fell again but Europe steadied for a second day running as the UK government met to debate Prime Minister Theresa May’s 500-page Brexit deal with Brussels […]
Morning Report: 07.00 London It is a historic day of the pound as Theresa May presents her Brexit deal to Cabinet ahead of a parliamentary vote. Cabinet approval is far from certain ahead of what is likely to be a shaky parliamentary vote. On the optimistic side, even if the cabinet reject the proposal, there […]
GOLD PRICES rallied from their first dip below $1200 per ounce in 5 weeks Tuesday in London as Italy faced down the EU over its 2019 deficit, Brexit dominated UK headlines, and US President Trump said France needs to pay more into the Nato military alliance. Crude oil fell yet again, and Asian stock […]
Morning Report: 07.00 London The US dollar is pulling back from the 2018 highs, with dollar pairs enjoying a relief rally. Both the euro and the pound were hit by Brexit uncertainty yesterday, with the euro coming in for intensive selling on concerns over Italy. The EUR/USD made fresh 12 month lows, falling below 1.1250, […]
GOLD PRICES edged lower on Monday as the US Dollar hit 16-month highs on the currency market amid fresh concerns over UK Brexit turmoil and Italy’s yawning budget deficit, writes Atsuko Whitehouse at BulllionVault. Crude oil meantime bounced 1.5% from its 10-day slump after Saudi Arabia said it’s considering a steep output cut for […]
Morning Report: 07.00 London This morning, the ebbs and flows of Brexit confidence continue to weigh on the pound following the resignation of Jo Johnson from the cabinet over concerns about the government’s plans. Sterling has gapped lower across the board. The GBP/JPY slumped heavily on Friday with further selling this morning bringing the pair […]
Maduro wants ‘his’ gold. London says ‘No’… SO the DASTARDLY Bank of England is refusing to give Venezuela its gold back, writes Adrian Ash at BullionVault. The government of Nicolás Maduro simply wants to take possession of what it still holds in London – some 14 tonnes of bullion bars apparently – because […]
GOLD INVESTING prices erased the last 3 weeks’ gains versus a rising US Dollar on Friday in London as world stock markets also fell, following Wall Street lower after the Federal Reserve confirmed it plans to hike Dollar interest rates next month. Dropping to $1212 per ounce – nearly 2.5% below late-October’s 3-month high […]
Morning Report: 07.00 London The dollar in control once again after yesterday’s Fed meeting provided more hawkish guidance on future rates. The dollar index rebounded with follow on buying this morning. Dollar pairs remain on the back foot, with the EUR/USD slipping back towards the lows. The GBP/USD is also following up yesterday’s losses, but […]
GOLD PRICES drifted lower for the fourth session running on Thursday, touching 1-week lows at $1222 per ounce in London ahead of today’s interest-rate decision from the US Federal Reserve – widely expected to leave policy unchanged. The Dollar itself eased back on the FX market, helping cut the gold price in Euro terms […]
Morning Report: 07.00 London The dollar index remains on the back foot this morning, giving dollar pairs a moderate boost. The GBP/USD continues to hold gains on Brexit hopes despite the lack of concrete progress in recent days. The EUR/USD is struggling though after falling back yesterday. The EUR/GBP is drifting lower again as a […]
GOLD PRICES held little changed after yesterday’s drop on Wednesday as the US mid-term election results split power in Washington and new data said China’s huge foreign exchange reserves shrank to an 18-month low in October. While the Republicans grew their majority in the Senate, the Democrats retook control of the House – a […]
Morning Report: 07.00 London The US dollar index is on the back foot after US mid-term elections saw Democrats take the House, while Republicans took the Senate. It’s been a volatile 24 hours for the Greenback, but the US dollar index is currently posting small losses after selling off yesterday. Dollar pairs are holding volatile […]
GOLD BULLION slipped against a weakening US Dollar in London trade Tuesday, falling harder for Euro investors ahead of the US mid-term election results as news reports from India confirmed poor festive demand for Dhanteras at the No.2 consumer nation’s jewelry stores. Priced in the Dollar gold bullion edged back down to $1228 as […]
GOLD PRICES slipped Monday lunchtime in London as European stock markets held a small gain, shrugging off another day of equity losses in Asia as a busy week began for trade, sanctions and monetary politics, writes Atsuko Whitehouse at BullionVault. Even as the US Dollar index retreated from last week’s 17-month high against a […]
Morning Report: 07.00 London The US dollar is recovering from an opening gap lower which initially boosted dollar pairs this morning before they fell back as dollar buyers stepped in. The dollar index is now unchanged for the morning, holding Friday’s NFP gains which came in at much higher than expected. The USD/JPY is building […]
GOLD PRICES dropped $5 per ounce on news of stronger-than-expected US jobs growth on Friday, heading for the first weekly drop in 5 as world stock markets extended their bounce from October’s slump. Japan’s Topix index closed 3.9% higher from last Friday and Shanghai’s CSI300 added 3.7% after falling Monday back near October’s 28-month […]
Morning Report: 07.00 London This morning, the pound is holding the gains from yesterday’s rally which saw its biggest one day gains since April 2017. Brexit optimism, hawkish rate hike comments and the weaker dollar have combined to push the GBP/USD above the 1.3000 level. The GPY/JPY is showing more follow-on momentum this morning, testing […]
More proof democracy’s in danger from voters… OKAY, we confess we sank a few beers or more at LBMA 2018 in Boston, writes Adrian Ash at BullionVault. But everyone else, it seems, was smoking crack… Oh good grief! #LBMA2018 forecasts $1532 #gold this tor next year — BullionVault (@bullionvault) October 30, 2018 That […]
