GOLD PRICES rallied back near last week’s closing level for US and Euro investors on Thursday, as major stock markets struggled to extend their 2-day bounce and the UK central bank said business investment is slowing because of Brexit uncertainty. The MSCI World Index hasn’t risen for 3 days running since mid-September. With […]
Morning Report: 07.00 London This morning, dollar interest is waning despite ADP Payrolls coming in above estimates yesterday. This comes as the S&P 500 recovered by 1% last night amid a generate return to risk appetite bias. Even the USD/JPY is on the back foot despite overall yen weakness. The Australian dollar is the big […]
GOLD and SILVER PRICES fell sharply on Wednesday, erasing half and all of their earlier October gains respectively as world stock markets rallied and precious-metal executives got back to work from the London Bullion Market Association’s 19th annual conference, held this year in Boston. The US Dollar today hit mid-August highs against the single […]
Morning Report: 07.00 London The US dollar remains dominant despite a Chinese manufacturing flashing a warning and coming in below estimates. Risk appetite is clearly on the rise, and dollar confidence near its highest levels for the year. The EUR/USD and GBP/USD are unchanged at the lows this morning after further selling yesterday. The pound […]
GOLD PRICES fell on Tuesday morning as the US dollar gained on renewed fears of an intensifying US-China trade war. Bloomberg reported on Monday that the U.S. is preparing to announce tariffs on all remaining Chinese imports by early December if talks next month between Presidents Donald Trump and Xi Jinping fail to ease the […]
Morning Report: 07.00 London The dollar index is steady after making strong gains yesterday while the Dow Jones dropped more than 200 points at one point. Trump has toned down his trade war threats, helping the dollar and punishing the Chinese Renminbi to new lows. The dollar pairs are mixed this morning, with the AUD/USD […]
…only someone had a good story… “ANYONE asks, this is no time to reveal we work in the gold market,” recalls Adrian Ash at BullionVault. Boston has a long history of radical demos, protests and outright mobs. Ahead of this year’s LBMA conference, we stumbled into one outside City Hall on Sunday morning […]
Which is handy, cos few others are… THANKS no doubt to someone smoking something to celebrate the Red Sox winning the World Series last night, the gold industry gathered here at the Boston Park Plaza got woken by a false fire alarm at 5am Monday, writes Adrian Ash of BullionVault. Is this month’s […]
GOLD PRICES slipped Monday morning from the previous weeks three-month high as the dollar firmed and European Stocks gained amid mixed Asian markets after the setbacks of last week, writes Atsuko Whitehouse at BullionVault. Spot gold prices were edging lower at $1,230.53 per ounce Monday lunch time. On Friday, they touched their highest level since 17 […]
Morning Report: 07.00 London The US dollar is recovering after Friday’s sell off which came about despite better than expected US GDP numbers. Dollar pairs are on the back foot, but so far with only minor losses compared to Friday’s substantial reversal. The euro is lower after the EUR/USD bounced off the 1.1350 level. By […]
Premier gold industry conference badly wrong a year ago… WILL the gold industry never learn? asks Adrian Ash at BullionVault. This weekend kicks off the London Bullion Market Association’s 2018 conference, held this year in Boston, Massachusetts. LBMA Boston will be the 6th such event in a row to find gold trading below a $1300 […]
GOLD TRADING in London saw a rising US Dollar curb wholesale bullion prices below $1240 per ounce yet again Friday morning, but the metal added $10 for the week as Asian and European stock markets ignored yesterday’s steep rally on Wall Street to drop for the 13th time in 19 sessions this month. Shares […]
Morning Report: 07.00 London US stock markets recovered from the previous day’s plunge, but currencies are telling another story. Traders are still clamouring for the safety of the US dollar and Japanese yen. The dollar index continues to climb, butting pressure on dollar pairs. The AUD/USD is being singled out for punishment, slipping below the […]
GOLD BULLION set or held near new multi-month highs against all major currencies in London trade Thursday, again nearing $1240 for US investors as the Dollar slipped amid fresh volatility in world stock markets. Asian equities fell hard once again overnight, pulling Tokyo down to 13-month lows, but Shanghai held steady after New York’s […]
Morning Report: 07.00 London This morning, markets are steadying after last night’s late rout on US financial that saw the tech heavy Nasdaq make its biggest fall since 2011. The yen pairs are stabilising after heavy selling yesterday as traders sought out the yen’s safety yesterday. The USD/JPY fall back to support at 112.00 with […]
GOLD PRICES dipped below $1230 per ounce Wednesday in London, retreating over $10 per ounce from yesterday’s new 3-month highs as European stock markets rallied but Wall Street futures pointed lower yet again. With the S&P500 now down more than 7% from mid-September’s record peak, “To me the Fed is the biggest risk, because […]
Morning Report: 07.00 London The dollar index is mixed after stepping off the gas yesterday. Despite this, the euro continues to lag on soft inflation and Italian concerns. The EUR/GBP is dipping again after failing to break the 0.8850 resistance line. The EUR/CHF continues to stumble at the highs, with the pair trading within a […]
GOLD PRICES jumped to their highest Dollar price since mid-July in London trade on Tuesday, hitting $1236 per ounce as world stock markets fell after China’s main index erased most of yesterday’s stimulus-fueled rally. Gold prices came within 40 cents of $1240 per ounce – adding 6.8% from August’s plunge to start-2017 levels – […]
Morning Report: 07.00 London The dollar index is recovering somewhat this morning after moderate selling on Friday. Markets are generally quiet despite the potential risk factor of Trump removing the US from the nuclear treaty with Russia. The AUD/USD is making small losses after a positive session on Friday, that saw support around 0.7100 hold. […]
GOLD PRICES slipped Monday morning, dropping $12 per ounce below last week’s 2.5-month high as China’s stock market rallied at its fastest since 2015 on a raft of ‘support’ promised by Beijing, writes Atsuko Whitehouse at BullionVault. Europe and other Asian equity markets rose less steeply, while gold prices traded down to $1221.50 per […]
GOLD PRICES slipped but held on track for the highest Friday finish since July for Dollar and Euro investors today, as the United States issued what one analyst reckons is a “final warning” to China over currency manipulation and Italy’s cost of borrowing rose to new 5-year highs compared to German Bund yields. Trading […]
Morning Report: 07.00 London The US dollar is weaker this morning after another solid showing yesterday amid confirmation that the Fed is not for turning. The GBP/USD is slightly higher, but the damage from yesterday’s selling remains. UK retail sales fell more than expected, forcing the GBP/USD below 1.3050, while the EUR/GBP has risen on […]
GOLD MARKET prices in the wholesale hub of London briefly slipped below $1220 Thursday morning after the US Federal Reserve signalled its commitment to continue raising Dollar interest rates in 2019. Prices in the professional bullion market then rallied $5 per ounce as China’s stock market closed the day at a new 4-year low […]
Morning Report: 07.00 London The US dollar is holding on to yesterday’s gains as markets continued to bet on higher rate levels for the US dollar. Yesterday’s Federal reserve meeting keep up the rate hike momentum, with the FOMC apparently prepared to defy Trump. The EUR/USD reversed heavily yesterday and is slipping below 1.1500 thi […]
Brexit was fine, said gold below £900. But then… LIKE the UK’s impending Brexit from the European Union, the word “gold” means many things to many people, writes Adrian Ash at BullionVault in what is, inevitably, a personal view. To most financial advisors and pundits, gold is an idiotic investment. But to anyone studying […]
GOLD PRICES held firm Wednesday in London, trading $10 per ounce above last week’s finish even as the Dollar rallied on the currency market. Crude oil edged back after 3 sessions of gains amid worsening political tensions over the apparent murder of a US-based Saudi journalist in Istanbul. Asian equities rose for a […]
Morning Report: 07.00 London The British pound is holding up relatively well, after average earnings came in above estimates yesterday. The EUR/GBP closed Monday’s opening gap higher yesterday, though finished off the lows around 0.8750. There is follow on selling this morning, with Brexit fears dampening economic optimism. Like other dollar pairs, the GBP/USD is […]
DEMAND to buy gold from central banks led bullion-market headlines on Tuesday, while the metal held near yesterday’s 12-week highs versus a falling US Dollar. World stock markets bounced from their week-long drop, but London’s FTSE index held flat as UK Prime Minister Theresa May met with her Cabinet to try and rescue her […]
Morning Report: 07.00 London The US dollar is recovering after core retail sales came in well below estimates yesterday. Dollar pairs are on the back foot, but so far yesterday’s gains are holding. The AUD/USD is on the back foot, while the NZD/USD out-performs. The EUR/USD and GBP/USD are both on the back foot, but […]
GOLD PRICES rose in London trade Monday, touching its highest Dollar price since late-July as world stock markets extended last week’s steep falls. Rising to $1233 per ounce, gold prices set multi-month highs against most major currencies, reaching €1065 for Eurozone investors and £936 in Sterling as talks between the UK and European Union […]
