“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

Ongoing uncertainty over Trump Scandal keeps gold price up

Spot gold is up at $1,253.50 today compared to Friday afternoon’s $1,247.69. According to India’s Economic Times, the price was influenced by subdued demand of precious metals from jewellers, retailers and industries amid firm equity markets. However one of the most notable factors that put upward pressure on gold was yet again Donald Trump. Murmurs […]

May 22nd, 2017 | Posted in Gold News,Mining | Read More »

Unemployment data pushes gold down but Trump scandal pressure remains

Gold has dipped as markets refocus away from the ongoing Trump scandal to assess incoming economic data. Yesterday spot gold was trading at $1251.18 per ounce according to MarketPulse, down from $1,260 yesterday. US unemployment claims have dropped to 232,000, lower than the forecast of 240,000. Additionally, the Philly Fed Manufacturing Index soared to 38.8, […]

May 19th, 2017 | Posted in Gold News | Read More »

Trump & Russia scandal sends gold skyward

The gold price has soared as markets react to the ongoing Trump scandal. On Tuesday the yellow metal was trading at around $1,231 an ounce. By midnight last night it had jumped to $1,262.23 according to Bullionvault. The ongoing political scandal in Washington follows president Donald Trump’s sacking of FBI chief James Comey on 9th […]

May 18th, 2017 | Posted in Gold News | Read More »

Gold creeps up as dollar drops

Gold continues to find its feet after a rough bout following the election of Emmanuel Macron. The dollar has continued to fall on the back of a more bearish outlook on the US economy, with the dollar index down 0.4%, its lowest since early November. This looks to reduce the likelihood of further rate hikes […]

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

Small bounce for gold following Trump’s sacking of FBI chief James Comey

Gold has enjoyed a slight bounce following US president Donald Trump’s sacking of FBI director James Comey. The dollar slipped slightly yesterday following the intelligence director’s sudden removal, while markets generally “shrugged” at the news. Gold bounced to hit $1,220.56 per ounce by 0316 GMT, having hit an eight-week low of $1,213.81 on Tuesday. U.S. gold […]

May 11th, 2017 | Posted in Gold News | Read More »

Global gold demand drops 18% as price moves toward $1,200

Global gold demand dropped significantly in the first quarter of 2017 according to a report issued by the World Gold Council. Q1 saw demand at 1,034.5t, an 18% year-on-year decline exacerbated by comparison with Q1 2016, which was the strongest ever first quarter. The news, combined with a stronger dollar pushed the gold price to $1,226 […]

May 5th, 2017 | Posted in Gold News | Read More »

Low for gold as dollar rises following Fed rate hold

This morning gold dropped to $1,234 according to Bullionvault, marking its lowest point since March 21st. Gold hit a monthly low last night following the decision by the US Fed to hold interest rates. Markets saw a dip at the flat economic outlook and as major stocks, such as Apple, under performed – but the dollar rallied […]

May 4th, 2017 | Posted in Gold News | Read More »

US Fed interest rate announcement and likely June hike curbs gold price 

The price of gold remains at a three week low as investors put risk back on ahead of a Fed interest rate statement. The Fed will conclude a two day meeting later today and is widely expected to hold interest rates with an outlook to a hike in June. Should that happen it will be […]

May 3rd, 2017 | Posted in Gold News | Read More »

Gold price hits three week low as US economy looks up and China mining production dips

Gold hit a three week low over the bank holiday weekend, dropping to $1,255.50 an ounce — the lowest since April 10, according to FactSet data. A prolonged dip has now seen a more bearish view towards the yellow metal. Geopolitical tensions, stoked by fears of a Le Pen victory in France and conflict in […]

May 2nd, 2017 | Posted in Gold News | Read More »

Gold ticks up following Trump comments on South Korean trade deal and defence

Gold ticked up slightly overnight as Asia reacted to remarks by US president Donald Trump with regards to South Korea, defence of the region and free trade. According to Investing.com gold rose 0.02%, to $1,266.11. Speaking to Reuters Trump said he would either renegotiate or terminate what he called a “horrible” free trade deal with […]

April 28th, 2017 | Posted in Gold News | Read More »

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