“Author Archive”
Articles written by joeysimnett
Joey is a Content Creator at Gold Made Simple ® News and a PPE graduate from the University of York. He has previously worked for WAGTV and interned at the Institute of Economic Affairs, in addition to editing the student magazine The Backbencher. Joey is a fan of liberal, free-market societies.

Gold wavering, dollar up, ECB caught in a trap

The gold price has eased down following a dollar rally, the greenback having previously plunged to multi-month lows. Spot gold fell 0.2% to $1,240.11 at 07:02 GMT. US gold futures for August delivery fell 0.2% to $1,239.50. On the continent the European Central Bank (ECB) has been in two minds. Last June we reported that […]

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

Gold primes for another rally as bitcoin traders anticipate split

The gold price has edged up against a soft dollar and wavering sentiment over a US interest rate hike. The greenback almost touched a ten-month low after weaker economic data reduced the likelihood of an early rate hike from the Federal Reserve. The gold price currently stands at $1,229.72. Last Friday the US government reported […]

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

Donald Trump Jnr puts gold back on the table

Despite a negative medium-term projection for the gold price owing to tighter monetary policy, gold has rallied amid renewed controversy from the Trump administration, rising 0.3% since Monday. Gold futures for August are up at $1,214.70. Political tensions involving Donald Trump Jnr have stymied markets. The president’s son released an email chain yesterday which involved […]

July 12th, 2017 | Posted in Gold News | Read More »

Why is all this job data important anyway?

Last Friday the gold price had 1.1% wiped off its value, which saw it end the session at $1,209.70, its lowest since March 15. The main reason for this was a much higher than expected gain in US jobs last month. As we reported here, an extra 41,000 jobs than initially predicted were added to […]

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

New economic data looks to suppress gold price

The gold price took another hit this week as optimistic US jobs data pushed the possibility of a Federal Reserve hike upwards. Spot gold fell 0.2% to $1,210.94 at 04:33 GMT. The metal dropped more than 2% last week, touching its lowest point since March 15 at $1,207.15. Meanwhile U.S. gold futures for August were […]

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

Treasury yields see gold dip

The gold price has eased off any potential price gains as treasury yields firmed, but is floating above the eight-week low experienced last Wednesday, where spot prices hit $1,217.14, their weakest since May 10. Ten-year US treasuries yields remain at high levels: “You have higher real yields in the United States, but a lower dollar, […]

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

Gold recovers following latest North Korean missile test

Renewed tensions over North Korea have seen the gold price recover from its current slump, having hit eight-week lows. However, gains for gold are being held back in anticipation of the Federal Reserve minutes, which will be published at 19:00 BST. Spot gold reached $1,228 last night, up $10 from Monday’s eight-week low. Yesterday North […]

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

Gold slides following “bond rout”

The gold price has slipped into the $1,230s after a “bond rout” as central banks indicate they are to tighten monetary policy again. Gold closed at $1,241.33 for the weekend with a 1.2% loss, which saw it break out of the $1,243-$1,248 range; last week no events had hit gold hard enough to push it […]

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

Monetary hawks help dollar push down gold

The gold price has moved down as a hawkish sentiment arose from the European Central Bank’s forum in Portugal. Spot gold fell 0.2% to $1,242.56 as of 0736 GMT; US gold futures for August were down 0.3% at $1,242.60. Comments from leaders of top monetary institutions such as European Central Bank head Mario Draghi, Bank […]

June 30th, 2017 | Posted in Gold News,Markets | Read More »

Gold steady ahead of Yellen speech, following yesterday’s shock drop

Today’s influences on the gold price look to come from a soft dollar, and Federal Reserve (Fed) chair Janet Yellen’s speech in Portugal. Yellen will likely re-affirm the Fed’s outlook on the US economy, which is currently positive, and hint at raising rates once more this year, according to OCBC analyst Barnabas Gan, in Reuters. […]

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

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