“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 may go up on the continent if the ECB doesn’t act

The gold price has reached a near year high despite stock markets recovering, hitting $1357.17 in the early hours of this morning on the back of continuing geopolitical tensions and the weather storms hitting the US. It marks an increase of more than 1% compared to Wednesday’s closing price, and is up 17.6%, or $200, […]

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

This economic data could potentially influence a rate hike

The gold price has eased off after a rally which saw it reach a peak of $1,322.84, with a sell-off in response to the price rise capping any gains made overnight. Spot gold at the time of writing sits at $1,318.18, but ongoing political tension kept prices around the nine and a half month highs […]

September 1st, 2017 | Posted in Gold News,Mining | Read More »

Germany completes secretive gold repatriation three years early

gold bars

Germany has completed its repatriation programme, relocating 50,000 bars of gold from France and the US. Half of Germany’s 3,378 ton gold reserve has now been brought back from London, Paris and New York, cities that housed the sovereign gold for much of the Cold War. “The Bundesbank intends to store half of the country’s […]

August 23rd, 2017 | Posted in Gold News | Read More »

Jackson Hole meeting keeps gold on hold ahead of potential rally

Jackson Hole

A stronger dollar and a wait-and-see approach ahead of Thursday’s monetary policy makers’ meeting in Jackson Hole has seen the gold price drop slightly. This morning gold was at $1,285.72, while gold for December delivery was at $1,289.10. European Central Bank chair Mario Draghi and Federal Reserve chair Janet Yellen are both set to speak […]

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

Gold price up with political uncertainty following Barcelona attacks

Las Ramblas

Gold has finished the week up. This morning spot gold was up to $1,293.48, having jumped overnight towards the $1,300 mark following the terror attacks in Spain. Gold for December delivery was at $1,292.60 per ounce. This week’s wavering data on the US economic outlook and Federal Reserve caution over addressing the deficit and raising […]

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

North Korea crisis draws out gold bulls while bitcoin breaks $4,000

Bull

As geopolitical tension between the US and North Korea enters its second week the price of gold remains buoyant. This morning gold was $1,281.61 with gold for December delivery at $1,292.4. However, commentators suggest a cross roads for the yellow metal as the impact of the geopolitical crisis that saw Pyongyang threaten the US Pacific […]

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

North Korean “saber-rattling” sees gold hit two-month high

North Korean parade

The ongoing standoff between North Korea and America has seen gold rise to a two-month high. The war of words between Washington and Pyongyang saw the price of gold rise to $1,278.49 this morning with future gold for December delivery up 1.3% at $1,279.30. The recent resilience of data on the US economy has not […]

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

Spot price steady as gold used to fight cancer

Scientific research

Gold was little moved at the beginning of this week. Last night it rose 0.1% to $1,259.20, rising again this morning to $1,260.96. The dollar’s poor performance has continued ahead of US inflation data later this week. Last week’s release of US employment data did little to effect the economic outlook as markets decided the […]

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

Gold holding after losses as it waits for US jobs data

The gold priced has steadied after a week of sliding prices as the Dow Jones broke new records. This morning it was up to $1,268.49, having been as low as $1,261 yesterday. Futures gold for December settled at $1,274.40. The low price of the dollar has been a key factor in gold’s recent run through […]

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

London’s bullion revealed while gold price finishes strong July  

The London Bullion Market Association (LBMA) has released data revealing the amount of gold held in the UK capital. While London has long been seen as the centre for global gold trading the LBMA’s report provides crucial, and long-sought, information on the levels of bullion being stored and traded in the capital. 7,449 tonnes of […]

August 1st, 2017 | Posted in Gold News | Read More »

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