News and Commentary Gold reclaims $1,500 mark as focus turns to Fed Gold steady after slide below key $1,500 level Gold slips 1% as equities, U.S. Treasury yields rise Wall St. rallies on stimulus cheer, Apple leads tech gains Powell gets the chance this week to make up with markets after his ‘midcycle adjustment’ We […]
Gold prices dip on firmer dollar, stocks Gold prices fall on stronger dollar, equities Papua New Guinea Aims to Retain 30% of Exported Gold, May Change Currency Pegs India’s central bank demands more enthusiasm for gold paperizing campaign Blenheim Palace ‘installs £1million 18-carat gold toilet for visitors’ How modern monetary theory could spike a new […]
* Gold has consolidated on recent gains this week and has crept higher in all major currencies (see LBMA prices below) and is nearing all time record nominal highs in euros * Deutsche bank’s new record low at €5.80 underscores German and European banking contagion risk * FTSE 100 opens slightly higher after trading delay […]
* Gold prices consolidated today, after gold gained nearly 1% yesterday on safe-haven buying as stocks globally fell yesterday and today. * The historic drop in long-term U.S. bond yields could portend a global recession which is impacting risk assets and seeing investors diversify into gold. * China has curbed gold imports according to anonymous […]
* Gold is 0.8% higher to $15,14/oz and silver is 1.24% higher to $17.20/oz * Gold has consolidated just over the $1,500 level finding support after mor poor economic data from China and Germany raised fears of a global recession * CME raised gold margins from $4k to $4.5k or 12.5% yesterday Gold sheds 2% […]
* Gold and silver fell sharply from six year highs and 18 month highs and fell 0.7% and 0.6% respectively * Massive concentrated selling in the futures markets saw both precious metals fall very rapidly from $1,534/oz and $17.51/oz to as low as $1,487/oz and $16.71/oz * Silver had gone above a 1 and half […]
* Gold up nearly 6% so far in August after 3% gain last week * Gold futures traders increase net longs in COMEX gold * Volatile trading overnight saw gold go higher, lower and then higher again as gold seeks to consolidate at $1,500/oz (see gold in yellow in chart above) NEWS & COMMENTARY Gold […]
NEWS & COMMENTARY Gold and silver are 4% and 4.7% higher respectively for the week so far Gold ends lower but holds firmly above $1,500; Silver loses grip on $17 Gold dips, taking a breather after surpassing key $1,500 level China Increases Gold Reserves & Diversifies From The Dollar European stocks seen lower on trade […]
◆ “Get knowledgeable and get prepared as this crisis is going to be the worst in my life time” ◆ “I own physical gold and silver coins … everyone should own them” ◆ “I own Chinese, Russian, American, Australian, Austrian silver coins” and “I own UK and other gold coins” ◆ “Singapore has been and […]
NEWS & COMMENTARY Silver prices book largest daily rise in 3 years as gold ends 2.4% higher Gold touches 6-year high; Rush into US bonds sinks global stock markets China Scoops Up More Gold for Reserves During Trade War Growing fears of world recession haunt global markets Fed’s Evans signals support for reducing borrowing costs […]
via Bloomberg via Yahoo Finance Gold futures rallied above $1,500 an ounce on sustained demand for the traditional haven as the U.S.-China trade war festers, global growth slows and central banks around the world ease monetary policy. The metal advanced as much as 1.3% to $1,503.30 an ounce on the Comex, the highest since 2013. […]
Gold prices have surged in dollars and all currencies due to the escalation in the trade wars and a return to currency wars between China and the U.S. Gold surged as much as 2% in dollars yesterday and has consolidated on those gains today. It is gold’s highest level in dollars in more than six […]
NEWS & COMMENTARY Gold Firms Near 6-year Peak as Trade Tensions Trigger Safe-Haven Bets Gold Surges to 6-year High as Trade Worries Lift Safe-Haven Bets U.S. Treasury Designates China as a Currency Manipulator US Labelling China ‘Currency Manipulator’ to Shake Global Financial Markets – People’s Bank of China China Media Says U.S. ‘Destroying International Order’, […]
NEWS & COMMENTARY Gold surges nearly 2% after Trump says U.S. will impose new tariffs on Chinese imports “We Expect This Selloff To Be Short and Relatively Shallow” – GoldCore via Blomberg Central Bank Hunger for Gold Lifts Demand to Three-Year High Gold demand leaps to 3-year high as prices surge – WGC Ted Butler […]
The Federal Reserve dropped interest rates by 0.25% and the U.S. stock markets fell from all time record new highs. They also signaled to a surprised market that this is by no means an ongoing trend. The markets had to do a double take and were not enamored. The Fed has turned dovish from a […]
– “I feel called to this … I feel it is my duty to educate as many people as possible” – The Fed is engaged in “extend and pretend” but we are in the “end game” – U.S. bonds are no longer safe due to negative yields and the risk of massive currency depreciation – […]
NEWS & COMMENTARY Gold futures finish with a loss after Fed cuts interest rate as expected Gold falls as Fed rate outlook disappoints Fed cuts rates, signals it may not need to do more Wall Street unimpressed by Fed’s expected rate cut Fed cuts interest rates by quarter-point and ends quantitative tightening early US Fed: […]
NEWS & COMMENTARY Gold marks longest string of gains in 5 weeks ahead of Fed decision Silver on pace for best monthly gain since December, up more than 7% Gold prices hold steady ahead of Fed verdict Euro zone second-quarter growth halves, inflation slows despite jobless at 11-year low Swiss National Bank reports H1 profit […]
Gold prices have surged in British pounds today as sterling fell sharply on concerns that Boris Johnson may lead the UK and EU into a “hard Brexit.” Gold surged to 1,175/oz and nearly touched the all time record nominal high of £1,179/oz as the pound fell on international markets. Gold gained nearly 0.5% in dollars […]
US, EU and China could pursue joint revaluation of precious metal By Willem MiddelkoopOfficial Monetary and Financial Institutions Forum via OMFIFLast year 22 central banks, situated largely to the east of Germany, bought the largest amount of gold since 1967, the year the London Gold Pool collapsed. The gold repatriations by many European countries of […]