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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 rises as markets waver over Obamacare repeal

Photo Credit: Carl Lender https://www.flickr.com/photos/clender/. Edited with TVScanline

The gold price has risen above $1250 amid slumping stocks, as equity investors fret about the impact the upcoming vote on whether Obamacare will be repealed may have on the markets. The bill is likely to fail and Obama’s Affordable Care Act remain. The New York Times reported that “No more than 22 Republicans can […]

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

Gold mines set to benefit from end of equity bull market

Mining shares have seen a resurgence in contrast to a broader equity stutter. Although markets have been beset by uncertainty following European hustings the slowdown in the equity bull has been largely attributed to Trump’s inability to render his economic policies in action. The absence of the much trumpeted red tape bonfire twinned with a […]

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

No dip for gold despite rate rise and Dutch election results

Photo credit Christ Butterworth. Edited with TVScanline effect.

Despite a tumultuous week, the gold price looked sprightly as the Fed confirmed an interest rate hike of 0.25% yesterday, reaching a seven-session high of $1,224.96. Moreover, controversial Dutch frontrunner Geert Wilders did not gain as much ground as he had hoped, although made significant strides forward in the Dutch parliament. The Federal Reserve exhibited […]

March 16th, 2017 | Posted in Gold News,Markets | 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 »

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