Gold News

EU Threatens Sanctions on Russia as War in Ukraine Intensifies, Greece Pivots to Russia

EU foreign ministers are meeting in Brussels today to discuss imposing further sanctions on Russia following an upsurge in fighting in east Ukraine.

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Cyber War Poses Risk of Bail-Ins to Banks and Deposits

Cyber Attacks Growing In Frequency – Entire Western Financial System Is Vulnerable The threat posed by cyber war to our increasingly complicated, technologically dependent and vulnerable financial institutions, markets, banks and indeed deposits becomes more clear by the day. British and US agents will carry out a mock cyber attack or ‘cyber war games’ on […]

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Currency Wars – Russia Buys 20.7 Tonnes Of Gold In December; Netherlands Refutes IMF Gold Data

UPDATE: Since we published our blog this morning, the Dutch central bank has denied that it added to its gold reserves in December. De Nederlandsche Bank, the Dutch central bank has denied reports in Reuters, Bloomberg and picked up by GoldCore, that the bank had increased its gold holdings for the first time in sixteen […]

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Euro Gold Surges To EUR 1,168 After Greek Election Landslide

The crushing victory of the Greek opposition party Syriza in yesterday’s Greek elections has added to jitters in already jittery financial and foreign exchange markets. The euro tumbled and gold in euros surged to its highest level since April 2013, at €1,167.94/oz as markets opened in Asia. The euro has since stablized but remains near […]

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QE…D: Why Printing Money will end badly for the US

You may have heard the news, the European Central Bank have started up the printing press. They are soon to print upwards of €60 Billion a month. The crowds of economic pundits have collectively cheered. Ireland stands to enjoy significant near term benefits, but at what cost? They speak of lower government borrowing costs for […]

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QE…D: Why Printing Money May end Badly

You may have heard the news, the European Central Bank have started up the printing press. They are soon to print upwards of €60 Billion a month. The crowds of economic pundits have collectively cheered. The thing is it is being sold as a low risk, one way bet. Worryingly there has been no talk […]

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Gold in Euros Surges As ECB Print Trillion Euros and ‘Grexit’ Election Sunday

Stocks, bonds and precious metals surged yesterday as markets cheered the latest wave of money printing on a grand scale. Gold surged 3 per cent in euro terms (see chart below) after Mario Draghi in the ECB announced a massive quantitative easing or QE programme of over EUR 1 trillion from March 2015 to September […]

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ECB To Print Trillion Euro – Gold Could Surge 40% In 15 Minutes Against Euro, Dollar

Mario Draghi unveiled QE yesterday as the ECB looks certain to announce its much anticipated quantitative easing (QE) program. The move to print up to €1 trillion euro in the coming months appears to be a fait accompli although it will occur against a backdrop of strong German resistance and many concerns. Listen Following leaks that mainstream […]

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The Next Wave of Recession is Building

By Chris Sanders of Sanders Research Associates Limited www.sandersresearch.com Oil is down for good reasons The collapse in the price of oil over the last six months or so is widely misunderstood. Many  observers have thought that it is a fall orchestrated by producers – take your pick – to hurt other  producers – again, take […]

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SNB Shock Was ‘Icing On Cake’ For Gold Ahead of Draghi’s Euro ‘Bazooka’

Is gold a safe haven? Mark O’Byrne, executive and research director at GoldCore, told CNBC yesterday that yes it is. He said that the Swiss National Bank’s recent decision was “icing on the cake” for gold and shows how gold thrives in a volatile environment. Interview: CNBC’s Seema Mody: Given the lacklustre performance of gold […]

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Gold Demand Explodes as Volatility and Fear Stalk Market

Although the extent to which the surprise move by the Swiss National Bank last week has damaged financial institutions will not be apparent until the end of the month, it is already clear that enormous damage has been wreaked on many businesses exposed to the foreign exchange markets. GoldCore has seen significant increase in gold […]

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Bundesbank Announces Repatriation of 120 Tonnes of Gold from Paris and New York Federal Reserve

The Bundesbank, Germany’s powerful central bank, announced very publicly this morning the further repatriation of some of it’s gold being held in foreign locations – namely in Paris and New York with the Bank of France and the Federal Reserve. “The Bundesbank successfully continued and further stepped up its transfers of gold,” the central bank […]

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Ukraine Lurches to Full Scale War – Threat That Russia Drastically Reduces Gas Supply to EU

Ukraine lurched back toward full-scale conflict today as troops loyal to the new Ukraine government battled with pro-Russian forces for control of an eastern airport. Ukraine said yesterday that cease fire violations have surged to a new record, while the nation’s security council warned the unrest may spark a “continental war” and German Chancellor Angela […]

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Market Chaos as Swiss Franc Surges 30% In 13 Minutes, Gold Rises Sharply

Chaos was seen in financial markets today as participants were thrown a curveball when Switzerland surprised the world by removing its three-year cap on the Swiss franc, unpegging it from the euro. This sent the undervalued currency soaring and Europe’s shares and bond yields tumbling. In just 13 minutes, from 0930 to 0952 BST, the […]

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Oil Collapses and Copper Crashes 8% in Day – Great Recession Cometh?

Oil prices fell another 1 percent this morning  and continue their collapse – down 57% in just over 6 months. Copper crashed 8% on the London Metal Exchange, plunging to 5 and a half year lows. Oil fell to fresh six-year lows and has fallen almost 60 percent since June 30, 2014 to levels last […]

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Gold In Euros Up 7.2% In 2 Weeks – Surges Over EUR 1,050 Per Ounce

Gold priced in euros surged through the €1,050/oz barrier to a high of €1,052.04 per ounce this morning. It’s up 7.2% this month, outperforming gold in dollars which is up 4.8%, and building on the 12% gains seen in 2014. Market participants are increasing allocations to gold in order to hedge a ‘Grexit’ and risks […]

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Gold Prices Rise on Unexpected Fall in US Hourly Earnings

Today’s AM fix was USD 1,222.00, EUR 1,035.77 and GBP 808.09 per ounce. Friday’s AM fix was USD 1,211.25, EUR 1.025.09 and GBP 799.61 per ounce. Spot gold climbed $13.20 or 1.09% to $1,220.50 per ounce Friday and silver rose $0.15 or 0.92% to $16.46 per ounce. Gold and silver both performed strong last week […]

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OUTLOOK 2015 – Uncertainty, Volatility, Possible Reset – DIVERSIFY

Introduction Gold – Positives and Negatives Ultra Loose Monetary Policies Globally Risk of Bail-Ins in 2015 and Beyond Currency and Gold Wars Eurozone Debt Crisis Again – ‘Grexit’ and ‘PIIGS’ Global Debt Crisis II – Total Global Debt to GDP Ratio Over 300% $1 Quadrillion “Weapons of Mass Destruction” Derivatives Cold War II and New […]

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Savage Murder In Paris Shows Freedom, Western Societies and Economies Vulnerable

The savage attacks on the satirical magazine, Charlie Hebdo, in Paris, leaving 12 dead yesterday, shows how vulnerable western societies and economies are to the twin threats of terrorism and war. The attacks pose threats to our already under attack freedoms – freedom of the press, freedom of privacy, freedom of religion, freedom of conscience, […]

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Bitcoin Down 12 Percent this Year -Hackers Show Online Risk

2015 has not started well for bitcoin with prices having fallen 12%, from $320 to $288. The cyber attack on a leading bitcoin exchange is the latest challenge for the fledgling digital currency. Bitstamp, Europe’s leading bitcoin exchange – and third largest globally – has been off-line following a breach in their system by hackers […]

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