“Author Archive”
Articles written by Declan Cosgrove
Declan has over 20 years experience in the financial sector and has introduced a number of innovations in the gold bullion market, to reduce risk and improve transparency and service for investors. Declan is passionate about raising awareness of the different levels of risk associated the various types of gold products and has developed industry leading practices to remove counterparty risk, such as ‘segregated’ gold (where each clients has their own individual sealed box within an independent vault) and specialist pension products. He is a member of the Cobden Centre Advisory Board, and appears as guest speaker at events such as the FT / Investor Chronicle Gold Forum and the Association of Member-directed Pension Schemes annual conference. http://uk.linkedin.com/pub/declan-cosgrove/5/a9b/491

Gold mines set to benefit from end of equity bull market

Mining shares have seen a resurgence in contrast to a broader equity stutter. Although markets have been beset by uncertainty following European hustings the slowdown in the equity bull has been largely attributed to Trump’s inability to render his economic policies in action. The absence of the much trumpeted red tape bonfire twinned with a […]

March 23rd, 2017 | Posted in Analysis,Gold News,Mining | Read More »

No dip for gold despite rate rise and Dutch election results

Photo credit Christ Butterworth. Edited with TVScanline effect.

Despite a tumultuous week, the gold price looked sprightly as the Fed confirmed an interest rate hike of 0.25% yesterday, reaching a seven-session high of $1,224.96. Moreover, controversial Dutch frontrunner Geert Wilders did not gain as much ground as he had hoped, although made significant strides forward in the Dutch parliament. The Federal Reserve exhibited […]

March 16th, 2017 | Posted in Gold News,Markets | Read More »

Gold price and demand taking a correction ahead of predicted rate hike

Photo credit: Kurtis Garbutt. Edited with TVScanline effect

A Fed rate rise is looking increasingly likely ahead of next week’s Fed meeting. Janet Yellen (pictured), chair of the Federal Reserve, said last week that the central bank was poised to lift benchmark U.S. rates provided jobs and inflation data held up. “Early last week, financial markets saw just a 30% chance of the […]

March 8th, 2017 | Posted in Gold News | Read More »

Gold price dips due to rate rise bets, ECB expected to tighten rates and Russia strengthens gold reserves  

Photo credit: Adam Baker. Edited wit TVScanline effect

The gold price, which has waned this month, has dropped slightly lower today, with spot gold at $1,225.99/oz at 3:22am GMT. US gold futures edged up 0.1% to $1,226.1. Key economic data, notably a U.S. monthly jobs report, is due to come out later this week, which will have a more significant impact on the […]

March 7th, 2017 | Posted in Gold News,Markets | Read More »

Gold price timid amid North Korea and rate hike fears; plus three ways to value gold

Photo Credit: Eltpics. Edited with TVScanline effect.

The gold price was little changed on Monday, supported by safe haven interest amid rising geopolitical tensions over North Korea and a weaker dollar, according to Reuters. This morning the controversial regime fired four test missiles near Japan’s northwest coast, prompting fears of escalating geopolitical tensions towards conflict. Daniel Hynes, an analyst at the Australia […]

March 6th, 2017 | Posted in Gold News,Silver News | Read More »

Gold price holds steady in preparation of Trump’s speech to Congress

Photo Credit: Buck82. Edited with TVScanline effect. URL: https://www.flickr.com/photos/buck82/349701773/in/photolist-wUj9V-nQ72U-4S2KQs-pXNRR-f2qv6K-dvyNqJ-9KKLTv-J5Sief-zyrW4b-c2zgM7-7wiiym-FkFFCB-FkuPwq-FkFdXc-Ga73sk-GdDBif-FkF9GD-FQQfVf-4Vd3jF-Rmurtu-GfXaEc-Ga72HV-FkuEBm-FQQHPq-Ga6wox-G7Mps7-Ga6Est-G7Mj6W-QNnTaU-FkFfRx-FkFadt-FkuTUJ-GdDHBh-GfWMKa-fY5AYp-bP8nH-98wXw-fniCUr-fMwHzR-81GSfe-4FSW25-Ga6Crz-fHaJFT-6UBTtM-b74upi-4Mg4oQ-9KKKJn-6bSEVZ-2nt5Qw-eZabdK

The gold price held firm this morning in light of preparation for Trump’s speech to congress on Tuesday. Spot gold floated at $1,256 per ounce at 9.10am (GMT), with futures at similar levels of $1,257.30, as holdings of the largest gold-backed exchange-traded fund, New York’s SPDR Gold Trust, see a rise of more than 5 […]

February 27th, 2017 | Posted in Gold News | Read More »

Gold trading ‘as a stock’ following likely deferral of interest rate hike

Photo credit: carmen_seaby. Edited with TVScanline Effect

The gold price received a significant boost on Thursday following the release of Fed minutes suggesting a US interest rate hike was likely in summer (June or August) rather than spring (March). This pushed US bond yields down and stalled the upward momentum of the US Dollar. CNBC reported the gold price at a three […]

February 23rd, 2017 | Posted in Gold News,Markets,Silver News | Read More »

Gold price gains as strong Dollar drops

The gold price looks to be finishing the week on a high as the strong dollar encountered what DailyFX called an ‘aggressive reversal’ yesterday. The Bullion Desk reported gold at $1,237.89 per oz, after a ‘bullish day’ on Thursday, when prices closed up with gains of between 0.3% and 0.6%. Investor consensus suggests ongoing uncertainty […]

February 17th, 2017 | Posted in Gold News | Read More »

Gold price showing potential resilience following dip

Photo credit: Mark Herpel. Edited with TVScanline effect

The gold price rallied slightly yesterday after an ebb caused by a strong Dollar, suggestions of a Fed rate hike and a positive outlook on the US economy. However the price remains in flux rather than on an upward trajectory. Marketwatch quoted Michael Armbruster, principal and co-founder at Altavest as saying precious metals are momentarily […]

February 16th, 2017 | Posted in Gold News | Read More »

Gold price settles in anticipation of Yellen’s testimony, Dollar strengthens over Trump-Abe talks

Photo Credit: Global X. Edited with TVScanline effect

The gold price calmed its short-term bull run today, as two major talking points rallied other markets. Spot gold was down to $1,225.84/oz at 02:30 GMT and gold futures inched up 0.1% to $1,226.8. This comes after markets rallied in accordance with political events over the weekend, notably Trump’s meeting with Japan’s prime minister, Shinzo […]

February 14th, 2017 | Posted in Gold News | Read More »

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