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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 »

Federal Reserve monetary policy result as expected

The gold price held steady today as an expected result from the Federal Reserve policy did nothing to support the dollar. Spot gold was nearly unchanged at $1,261.31 at 00:49 GMT, reaching its highest since June 15 in the previous session. Meanwhile, gold futures almost rose a whole percentage point to $1,261.40. The Federal Reserve […]

July 27th, 2017 | Posted in Gold News,Markets | 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 »

Yellen walks the rate hike tightrope

The gold price has eased off in the aftermath of Janet Yellen’s testimony to congress, but a more balanced tone to the delivery allowed for a healthy balance between keeping markets perky and gold steady. Yellen reaffirmed the Federal Reserve’s (The Fed) plan to increase interest rates, but emphasised the gradual nature of the hike. […]

July 14th, 2017 | Posted in Gold News,Markets | 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 »

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 recovers on the back of a weak dollar as news comes in from ECB forum

The gold price is recovering after the “fat fingered muppet” crash that happened on Monday, which saw an uncharacteristic sell-off push gold $20 downward. Spot gold rose 0.4% to $1,251.91 by 04:08 GMT today, and US gold futures for August delivery were up 0.5% to $1,252.50. Part of gold’s recovery since Monday’s drop is attributable […]

June 28th, 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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