“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 turns to money in Arizona while bitcoin continues to rise

This week saw the release of the minutes from the Federal Reserve’s meeting earlier this month. The minutes suggested policy-makers are holding off more aggressive rate hikes. Spot gold rested at $1,257.90 per ounce by 0728 GMT. It rose about 0.6% on Wednesday. U.S. gold futures were up 0.4% at $1,258 an ounce. This week […]

May 25th, 2017 | Posted in Gold News | Read More »

Terror threat and interest rate uncertainty keeps gold price steady

The gold price held steady today as the UK raised its terror threat to critical and ahead of key monetary policy announcements in the US. Spot gold was up 0.1% at $1,252.32 per ounce by 0057 GMT, while U.S. gold futures dipped 0.3% at $1,252.1 per ounce. The US dollar, having had a weak run, eased […]

May 24th, 2017 | Posted in Gold News | Read More »

Gold up following Manchester Arena terror attack

A horrific terrorist incident in Manchester occurred last night, in which over 20 people died. The perpetrator initiated an explosion as people were leaving the Manchester Arena after a pop concert. With the incident taking place at 22.35 on Monday in the UK, most of any market reaction has been confined to the Asian session […]

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

Gold continues to rise against depreciating dollar

The gold price has continued finding its feet, rising to  by 09:17 GMT, while June gold futures were up to $1,243.00. The US dollar index, which measures the greenback against a basket of currencies, fell to its lowest since Nov.9 and last stood at 97.942. The US dollar usually has an inverse relationship with the […]

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

Gold inches up while Royal Mint launches platinum range

One of the new “Queen’s Beasts Lion of England” platinum coins set to launch this week. Photo from The Royal Mint Press Office  Spot gold inched up 0.3% to $1,232.45 per ounce at 0726 GMT, floating above the 100-day moving average, according to Reuters. Factors that contributed to slight price rise include poor US economic data […]

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

Gold finds its feet as bitcoin finds no shortage of steam

The gold price is finding its feet again after a disappointing week. Reuters reported spot gold rising 0.2 percent to $1,227.33 per ounce at 0707 GMT. Spot gold rose 0.5% in the previous session, its best one-day gain in a month. Meanwhile U.S. gold futures were 0.3 percent higher at $1,227.20 an ounce. Reuters went […]

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

Dollar dips over Trump’s sacking of FBI chief while bitcoin powers ahead

The gold price has edged up 0.1% to $1,221.47 at 07:15 GMT, as the dollar dropped after Donald Trump caused political angst by dismissing FBI director James Comey. Support for gold also came from external political forces as North Korea rekindled tensions by hinting at another missile test. Chloe Il, Pyongyang’s UK ambassador, told Sky […]

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

Market assuring Macron victory keeps gold price low

Cover photo: France celebrates the Macron victory. Photo credit Lorie Shaull, edited with TVScanline. https://www.flickr.com/photos/number7cloud/

Emmanuel Macron’s emphatic victory over far-right Marine Le Pen in the French presidential election has rallied global markets and sent the gold price downwards. As the result was called last night gold dipped to $1225.85 according to Bullionvault before rising to around $1,234; it then settling back to $1231.40 as of 9am. The Euro jumped […]

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

Bitcoin’s surge past $1500 & its welcome in Japan suggest this is not a blip

Source: Tiger Pixel. https://www.flickr.com/photos/tigerpixel/

The future’s bright, the future’s bitcoin. The digital currency was the subject of a lot of media hype when it surpassed gold last February and “broke through” to $1,210.82. That number now seems pitiful in comparison to today’s weighted XBX index of $1,552.71, or even Hong Kong-based trading platform, Bitfinex’s, spot price of $1624.11. To […]

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

Gold price drops as Macron comes out on top

The gold price has dropped following the outcome of the first round of the French presidential elections. The four horse race was between Jean-Luc Mélenchon of La France Insoumise and Emmanuel Macron of En Marche! on the left, with François Fillon of Les Républicains and Marine Le Pen of Front National occupying the political right. […]

April 24th, 2017 | Posted in Gold News | Read More »

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