“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.

Dow Jones record burdens gold price

Dow Jones

Gold has continues to move away from the seven-week high enjoyed at the beginning of the week. This morning gold was down to $1262.37 having been well above $1,270 a few days ago. The price had earlier touched $1,258.20 while gold futures for December delivery fell 0.9% to $1,266.30 per ounce. The backdrop to the […]

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

Gold up as North Korea tests another missile and dollar continues to lose

The gold price has risen nearly $10 over the weekend, as political tensions over North Korea escalate and the dollar continues to fall. The lowest point for the gold price on Friday was $1,258.28; at the time of writing it stands up at $1,266.69. Since North Korea tested an Intercontinental Ballistic Missile (ICBM) in early […]

July 31st, 2017 | Posted in Gold News,Markets | Read More »

Gold in mixed territory, welsh mine to be revisited

The gold price has fallen ahead of the Federal Reserve monetary policy meeting today, the results of which will be announced at 18:00 GMT. Spot gold fell 0.27% to $1,245.16 at 06:29 GMT, whilst US gold futures for August fell 0.61% to $1,244.50. The markets don’t see a rate rise happening this time around, but […]

July 26th, 2017 | Posted in Gold News,Mining | Read More »

Trump gridlock pushes dollar to year low, Nazi gold shipwreck found off Iceland

The gold price hit a four-week high over the weekend of $1,257.18, marking a near 1% increase since Friday, having risen by 2.1% last week. It currently sits at $1,254.33. The price spike comes in the wake of an ever-dwindling dollar, which is at a near 13-month low; the slack is tied to fresh political […]

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

Euro spike pushes dollar down and boosts gold

The gold price has risen to a three-week high in the wake of the European Central Bank monetary policy meeting. Spot gold reached $1,247.20, a level not seen since the end of June. It represents a gain of over $10 compared to yesterday’s price of $1,236.29.   This price increase comes as the dollar reached […]

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

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 »

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