Home » Markets You are browsing entries filed in “Markets”

Gold drops ahead of global Forum on Central Banking

This morning saw $12 wiped off gold’s spot rate in a matter of minutes. The gold price dropped from $1,253.77 to a low of $1,241.71 between 9:02am and 9:06am; at the time of writing it sits at $1,243.91. According to investing.com, Comex (the New York Commodity Exchange) gold futures were down to $1,246.03. A slew […]

June 26th, 2017 | Posted in Gold News,Markets | Read More »

UK Election uncertainty sees gold trading quadruple

People have been selling their gold in parallel to some of the most unstable times the UK has experienced in years: “BullionVault [saw] four times the usual volume of trade after the UK election exit polls were published,” says CityAM’s Katherine Denham. She goes on to say that other firms in the gold market have […]

June 20th, 2017 | Posted in Gold News,Markets | Read More »

Gold dips on hawkish interest rate sentiment from The Fed & Bank of England

Gold has continued its downward trajectory after the Federal Reserve (Fed) interest rate hike on Wednesday, reaching its lowest settlement in three weeks. Yesterday gold futures fell, with August gold down $21.30, or 1.7%, to settle at $1,254.60 an ounce — the lowest most-active contract finish since May 24. Janet Yellen and the other members […]

June 16th, 2017 | Posted in Gold News,Markets | Read More »

Gold price takes a predictable tumble after Fed hikes rates

The gold price has taken a downward turn following an interest rate hike by the Federal Reserve (The Fed). Spot gold sat at $1,261.59 at the time of writing, having plunged from $1,275.73 to $1,257.36 within two hours of the Fed’s announcement. The Fed had decided to raise interest rates by 0.25% to 1.25%. In […]

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

Gold price bucks interest rate pressure

The gold price has surprisingly inched up to $1,268.33 ahead of the Federal Reserve Open Market Committee meeting today at 18:00 GMT. The Federal Reserve (Fed) meeting will include a decision on interest rate policy and a news conference from chair Janet Yellen. Despite recent disappointing economic data, the priced-in probably of the interest rate […]

June 14th, 2017 | Posted in Gold News,Markets | Read More »

Palladium spikes while gold drops ahead of interest rates discussion

Palladium has experienced a strong price increase as of late but is reported to have weak fundamentals, whilst the gold price has been pointing downwards ahead of a predicted interest rate hike by the Federal Reserve. Palladium has been at 16-year highs with strong speculative demand, gaining 0.3% to $893 an ounce after rising above […]

June 13th, 2017 | Posted in Gold News,Markets | Read More »

Live: Reactions to UK hung parliament election result

Gold Made Simple will be updating this thread throughout the day with all the relevant investor and City reaction to the election result. Carolyn Fairbairn, director-general at the Confederation of British Industry, on the forming of a new government: “With a new Government, there has never been a more important time to refocus on the […]

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

Gold price dips as UK votes and dollar rises

The gold price has dipped slightly, with downward pressure from the strength of the dollar competing against upward pressures from the political ongoings of the UK election and the statement due today from ex-FBI director James Comey to Congress in the US. At the time of writing, August gold futures were down to $1,287.40, and […]

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

Gold nears $1,300 ahead of UK election

The gold price is nearing $1,300/oz, a level not seen since April 18; at the time of writing spot gold is sitting at $1,292/oz, according to spotgold.com. Gold futures in New York for delivery in August, the most active contract, reached $1,298.80,with gold up 12.8% so far in 2017, reported mining.com. Risk-averse investors have flocked […]

June 7th, 2017 | Posted in Gold News,Markets | Read More »

Gold price climbs following London terror attack

A terrorist incident struck the UK on Saturday night, the third in three months. Assailants mowed down pedestrians in a white van over London bridge before continuing on foot, attacking pub-goers with large blades. The market reaction has been a slip in the value of the pound and US stock futures. Spot gold had climbed […]

June 5th, 2017 | Posted in Gold News,Markets | Read More »

The Atlas Pulse Report