“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.

The gold price steady since Trump’s failed health care reform bill.

Credit to Håkan Dahlström. Used w/tvscanline effect

Spot gold has held steady at $1,253.83 per ounce at 0557 GMT, after touching its highest point in a month at $1,261.03 the day before, according to Reuters, who went on to report that U.S. gold futures inched down 0.2 percent to $1,253.60. The markets’ panic over whether Trump would be able to push through […]

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

Gold price jumps following Trump’s legislative failure

Photo credit Matt Johnson. Edited with TVScanline

The gold price has risen by more than a percentage point after Trump’s healthcare reform bill failed to pass the American legislative. Reuters reported that spot gold rose 1.1 percent to $1,258 per ounce by 07:04 GMT after hitting $1,259.14, its highest since February 27, while U.S. gold futures were up 0.8 percent at $1,258. […]

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

Gold Price unmoved by London terror attack

Photo credit: Gordon Wrigley. Edited with TVScanline effect

Yesterday saw a terrorist attack on the British Parliament. An, as yet unnamed, assailant ran over numerous people on Westminster bridge before stabbing and killing a police officer in the grounds of the palace of Westminster. The attacker was shot and died from his injuries; the total death toll currently amounts to five. There has […]

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

Gold price enjoys two week high as dollar and pound dip

The gold price was up to a two week high on Monday morning before easing off. This was partly due to sluggish stock market indicators and a poor performance by the US dollar, which has entered into a six week low after last week’s interest rate hike. Forbes reported that April Comex gold was last […]

March 21st, 2017 | Posted in Gold News | Read More »

Gold price looks promising again as investors overestimate Fed

TVScanline effect used, credit to: 'ctj71081'

The gold price looks promising as the week draws to a close. Dollar bulls were left disappointed after the Federal Reserve’s interest rate hike, but did not increase their forecast of three hikes over the course of the year, leaving the small change in the interest rate underwhelming. Reuters reported that the dollar index hit […]

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

European uncertainty gives gold a bounce ahead of predicted rate rise

Photo credit: Metropolico.org. Edited with TVScanline effect

The gold price has edged up slightly over the hotly contested Dutch elections. Spot gold edged up 0.4 percent to $1,203.31 per ounce by 06:08 GMT, while U.S. gold futures rose 0.1 percent to $1,203.30 per ounce, according to Reuters. Controversial eurosceptic Geert Wilders and his Party for Freedom (PVV) have been in the spotlight […]

March 15th, 2017 | Posted in Gold News | Read More »

Gold export ban halts Tanzanian mining merger, but trend is undervaluation

Tanzania’s gold and copper exports ban has stalled the merger between London’s Acacia Mining and Endeavour Mining Corporation of Canada. The early March ban, legislated by the Tanzanian government on protectionist, localist grounds, has increased uncertainty around the future of business for some of Africa’s biggest gold miners. Cityam reported that Acacia, which gains around […]

March 13th, 2017 | Posted in Gold News,Mining | Read More »

ECB, Fed & market indicators look set to further impact gold price

Photo Credit: Αλέξης Τσίπρας Πρωθυπουργός της Ελλάδας. Edited with TVScanline

The gold price has slumped for the 7th day out of 8 as corporate debt and government bond yields rose ahead of the Federal Reserve’s announcement next week on interest rates. This is the longest downward trend in just under a year. The last time a consecutive downward trend in the gold price occurred was […]

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

Rate hike prediction keeps gold price down, little impact from UK Budget

Photo Credit: Foreign and Commonwealth Office. Edited with TVScanline Effect

The Chancellor Philip Hammond delivered the Spring budget yesterday, the first in his role after taking over from George Osborne upon the appointment of Theresa May as Prime Minister. We have surmised the key points below. What was notable was that there was no immediate impact on the price of gold. Gold news seems to […]

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

Gold Price lull as State Fed chiefs suggest interest rate hike

TVScanline effect used, credit to: 'ctj71081'

The gold price has lulled to a one week low. Trump’s speech to Congress was well received, and divulged much-sought after details concerning his fiscal plan. However, according to Bullionvault  it was overshadowed by additional Federal Reserve officials voicing their support for interest rate hikes at the Fed’s next meeting in March. The expectation of […]

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

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