News and Commentary Gold Hovers Near Six-year High as Dovish Central Banks, U.S.-Iran Tensions Fuel Demand Gold Gains to Near Highest Since 2013 as Bulls ‘back in Control The Gold ETF Continues to Set New Highs as Commodities Rebound and the Dollar Slumps Iran Says It Will Confront Any U.S. Threat, Trump Eyes New Sanctions […]
GoldCore Note Gold prices surged to a new six-year high today after markets digested the U.S. Federal Reserve signalling a move to looser policies and other central banks including the ECB made similar dovish signals. The Fed said it was ready to cut interest rates as soon as this July due to the very uncertain […]
GoldCore Note Gold prices surged nearly 3% to a high of $1,385/oz, their highest in more than five years today after the U.S. Federal Reserve adopted a more dovish tone. The Fed signaled possible interest rate cuts this year which sent risk assets higher, U.S. Treasury yields and the dollar lower. Gold gains in dollars […]
GoldCore Note Gold is lower in dollars today despite increasingly dovish signals from the Federal Reserve, ECB, Australian central bank and other central banks as economies slow. Gold has surged higher in Australian dollars again this week and reached a new all time record high in the Aussie dollar yesterday at $1,974/oz. This is due […]
GoldCore Note Gold prices have risen in all currencies today and especially in British pounds with gold having risen 1.5% to £1,078/oz. Concerns regarding the weak UK economy and Brexit fears continue to weigh on sterling. More loose monetary policies are making gold attractive again as are the elevated economic and geopolitical risks which are […]
GoldCore Note Gold and silver have weakened today and have fallen from the 14 month high seen on Friday. Spot gold was down 0.4% at $1,338.30 per ounce in early U.S. trading. It surged to $1,358.04 on Friday, its highest level since April 11th, 2018. The return of risk appetite as seen in gains for […]
GoldCore Note Gold prices jumped another 1% today, surpassing the key $1,350 level for the first time since April last year. Gold made strong gains in all currencies including the euro and the pound, rising above €1,200 and £1,060 per ounce respectively. Poor economic data from China, the UK, the EU and the United States, […]
via Bloomberg Paul Tudor Jones, the Tudor Investment Corporation founder, believes that gold is the best trade and is going to “scream” over the next year to two years. He outlines his reasons why with Bloomberg’s Vonnie Quinn on Bloomberg Markets. “The best trade is going to be gold. If I have to pick my […]
GoldCore Note Gold prices have moved higher today after hitting a one-week low yesterday. Renewed worries over the U.S.-China trade war and its impact on the global economy are pushing gold higher. Stocks globally have fallen as risk aversion creeps back in as the trade war escalates, increasing the appeal of gold bullion as a […]
For the left, all private property becomes fair game… Don’t delay and start preparing your finances now Left wing governments may be elected – Where is safe to invest? The UK is still as divided as ever over Brexit and a nasty shock lurks around the corner Corbyn is not investor-friendly: Real risk of inflation […]
by Bloomberg Gold is finally gaining the traction needed to boost prices to a level not seen since 2013 as concern mounts over increased trade war tensions and the global growth outlook. Bullion may touch $1,400 an ounce this year as investors hedge risk, according to Rhona O’Connell, head of market analysis for EMEA and […]
Gold Is 3% Higher This Week As Dollar, U.S. and Global Economy Weaken Gold prices jumped to $1,345 per ounce soon after the U.S. non farm payrolls showed that the U.S. created a meager 75,000 jobs in May, taking it’s weekly gain to 3%. Gold prices consolidated on this week’s 2.2% rise by today and […]
by Dominic Frisby of Money Week Every year, Incrementum AG – a Liechtenstein-based investment company – puts out its research note, In Gold We Trust. At over 300 pages, it’s probably the most comprehensive gold analysis there is. The 2019 edition came out just last week, and I thought this week I’d share some of the […]
Gold has moved marginally higher again today after 5 days of gains and remains firm near a three month high at $1,340/oz. Gold is being supported by the dovish comments from the Fed which have lifted expectations of an interest cut. The U.S. economy is slowing and this is putting the dollar under pressure as […]
Gold has consolidated on yesterday’s gains and is marginally higher as risk aversion creeps back into markets. Gold rose 1.5% yesterday to its highest level in more than three months. Concerns that trade wars look set to escalate globally and fears that President Trump’s threat of tariffs on Mexico will hurt the global economy are […]
Gold rose to a two week high and was higher in most currencies today after Washington’s threat of tariffs on Mexico exacerbated fears of a global trade war and recession, which saw a ‘flight to quality’ and gains for safe haven gold. Spot gold jumped 0.9% to $1,298.80 an ounce this morning, its highest since […]
Investors in Switzerland like gold and it is the second most popular investment after property or real estate 20% plan to invest in gold in the next 12 months Almost two-thirds buy or invest in precious metals at their bank; fewer than one-in-ten buy gold online by Alistair Hewitt of the World Gold Council There’s […]
In Gold We Trust 2019 –The Annual Gold Report from Incrementum is Here We are happy to report that the new In Gold We Trust Report (2019) has been released today and the download link can be found at the end of this post. Ronnie Stoeferle and Mark Valek of Incrementum and numerous guest authors […]
By Dominic Frisby, Money Week Today we’re talking gold. I’m not going to make projections about the price – whether it’s going to go up or down. Instead we’re going to look at the cost of buying and selling gold. How to buy gold on the cheap What’s the easiest, cheapest way to buy gold? […]
– Uber, Grand Canal Dock, Canals, the New Tech Bubble and the Financial Mania of Today– “Both the canal and railway manias led to ridiculously overvalued companies, whose subsequent crash brought financial ruin to many”– “Yet these technologies did change the world, eventually”– Time to learn the lessons of history by David McWilliams Last week […]
Gold in British pounds consolidates over £1,000 per ounce after reaching £1,015 per ounce due to political uncertainty and concerns of a Hard Brexit Theresa May, in an emotional speech outside 10 Downing Street, said she had “done everything” she could to convince MPs to back the withdrawal agreement she had negotiated with the EU […]
Pound extends fall as support for Theresa May evaporates Gold ends modestly higher, edges up further in electronic trade after Fed minutes Fed minutes: No rate moves are coming ‘for some time’ even if the economy improves Trump cuts short infrastructure meeting, blasts Pelosi’s ‘cover-up’ accusation Deutsche Bank shares collapse and executives brace for its […]
While all the focus is on Brexit, the UK faces a debt and currency crisis UK has over $8T in external debt: 2nd largest debtor in the world after the U.S. True UK government debt exceeds £5 trillion as pension liabilities not in official numbers Total UK national nominal debt surged over £2 trillion; Increasing […]
News Brexit Blues Hit House Prices in Almost Every London Borough Bank of England warns of ‘more frequent’ rate increases than expected Gold posts a modest rise after ending last week at a 2-week low Gold steadies as equities dip, focus turns to Fed minutes Stocks in Asia mixed as US-China trade tensions take a […]
by Frank Holmes via USFunds.com First of all, let me say that gold price suppression (“fixing,” “rigging,” “manipulating” or however else you want to think about it) is not just a conspiracy theory. It’s a well-documented phenomenon, with real actors and real ramifications. In 2014, Barclays was fined nearly $44 million for failing to prevent […]
by Frank Holmes via SeekingAlpha.com Before we get to looking at those three charts, let’s talk about the trade war. On Friday the Trump administration made good on its threat to raise tariffs on as much as $200 billion worth of Chinese imports to 25 percent from the previous 10 percent. The president also said […]
– “Over the long term, justice, fairness and decency will prevail … that is the history of mankind…as seen in the ascent of man … things tend to get better over the long term …” – CALL To ACTION: Precious metals suppression is only possible if gold buyers and investors give their money & energy […]
* Gold sees safe haven demand push it to highest in one month as it breaches key $1,300/oz and £1,000/oz levels * U.S. China trade wars escalates as China retaliates and imposes tariffs on $60 billion of U.S. goods * Increased risk of war in Middle East after U.S. alleges Iran bombed Saudi oil vessels […]
(Reuters) – Barclays, Citigroup, HSBC, JPMorgan and three other banks are set to be fined by EU antitrust regulators in coming weeks for rigging the multi-trillion dollar foreign exchange market, two people familiar with the matter said. The other three lenders are Royal Bank of Scotland, UBS and a small Japanese bank, the people said. […]
GOLD SUPPRESSION is “the BIGGEST ISSUE in the WORLD … it involves the valuation of all capital, labor, goods and services in the world and these valuations are being set in a really imperialistic and totalitarian way and not in an open and transparent way and we think that this is evil” – Brief introduction […]
by Christopher Whalen, via TheAmericanConservative.com Americans generally think of Europe first as a wonderful place to visit. They rarely ponder the economic and financial ties between the United States and European Union, but in fact these ties are extensive and significant to the stability of both economies. One area of particular connection involves the large […]
by Claudio Grass on ClaudioGrass.ch Turkey’s debt problem, coupled with the plummeting lira, is arguably the most important risk factor for the nation’s economy. To make matters worse, far from it posing a threat just to Turkey itself, it also has the potential to inflict significant damage elsewhere too, starting with key economies in the […]
(Reuters) – A slowing global economy, stock market turmoil, delays to interest rate rises and potential U.S. dollar weakness are expected to boost average annual gold prices to their highest since 2013, a Reuters poll found. Gold will average $1,322 an ounce this year and $1,369 in 2020, the median forecasts returned by the poll […]
Global Gold Demand Trends Q1 2019: Global gold demand lifted by central banks and ETFs This compares with a relatively weak Q1 2018, when demand sank to a three-year low of just 984.2t. Central bank buying continued apace: global gold reserves grew by 145.5t. Gold-backed ETFs also saw growth: quarterly inflows into those products grew […]