“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

Federal Reserve monetary policy result as expected

The gold price held steady today as an expected result from the Federal Reserve policy did nothing to support the dollar. Spot gold was nearly unchanged at $1,261.31 at 00:49 GMT, reaching its highest since June 15 in the previous session. Meanwhile, gold futures almost rose a whole percentage point to $1,261.40. The Federal Reserve […]

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

“Dovish” Fed outlook pushes gold towards $1,250

Gold saw a rally on Monday, moving towards $1,250. This morning the buoyancy continued with a spot price of $1,236.99. The bounce represents a two week high for the yellow metal as the dollar took a downturn and the US Federal Reserve posted a more “dovish” outlook on further interest rate hikes this year. Reuters […]

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

Yellen walks the rate hike tightrope

The gold price has eased off in the aftermath of Janet Yellen’s testimony to congress, but a more balanced tone to the delivery allowed for a healthy balance between keeping markets perky and gold steady. Yellen reaffirmed the Federal Reserve’s (The Fed) plan to increase interest rates, but emphasised the gradual nature of the hike. […]

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

“Quantitative Tightening” and sluggish bonds could see gold revisit $1,000 says latest report

According to a recent report the Federal Reserve’s “quantitative tightening” – the gradual shrinking of its balance sheet – is set to mark a global recovery, with mixed results for gold. “Just as QE caused shares to rise and bonds to fall (temporary inflation), the fear is that QT does the opposite,” writes Charlie Morris […]

July 10th, 2017 | Posted in Analysis,Gold News | Read More »

Gold recovers slightly but still vulnerable to shocks

Gold edged higher today, supported by a soft dollar, but still remains vulnerable to shocks based on hawkish central bank sentiment and recovering assets such as equities. The gold price is still hovering around seven-week lows, having been pushed out of the previous price bracket, and touched a low of $1,218.31 yesterday, levels not seen […]

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

Gold recovers on the back of a weak dollar as news comes in from ECB forum

The gold price is recovering after the “fat fingered muppet” crash that happened on Monday, which saw an uncharacteristic sell-off push gold $20 downward. Spot gold rose 0.4% to $1,251.91 by 04:08 GMT today, and US gold futures for August delivery were up 0.5% to $1,252.50. Part of gold’s recovery since Monday’s drop is attributable […]

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

Gold price dips as it processes rate hike, no effect from London terrorist attack

Another terrorist attack has hit London, as a 48-year old man drove a van into a Mosque in Finsbury Park. One man has died and ten have been injured. The attacker reportedly said “I want to kill muslims” before being apprehended by locals. The Metropolitan Police have described it as a “major incident”; there have […]

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

Big gold price gains against pound following hung parliament

Theresa May’s failure to secure a majority in the UK general election she called last month, has seen gold in pounds rise to a seven week high. The result signals further political turmoil less than a year after Britain voted to leave the European Union. Bloomberg reported the sterling price of gold as spiking well […]

June 9th, 2017 | Posted in Gold News | Read More »

UK Election Hung Parliament: Markets react

The UK’s general election has resulted in a hung parliament. The count at 8am on 9th June had the Conservatives on 315 seats and Labour on 26; 326 seats are needed for a party to form a majority government. The result represents a loss of 12 seats for Theresa May’s government and a gain of […]

June 9th, 2017 | Posted in Analysis,Gold News | Read More »

Gold price drops as markets await US payroll figures and interest rate hike

Gold has fallen slightly this morning following positive market reactions to upcoming US economic data. Reuters reported spot gold dropping 0.3% to $1,260.96 per ounce at 0404 GMT, having earlier touched its weakest since May 26 at $1,258.60. Gold has fallen 0.4% this week and could register its first weekly decline in four weeks. U.S. gold […]

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

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