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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$1250 amid slumping stocks, as equity investors fret about the impact the upcoming vote on whether Obamacare will be repealed may have on the markets.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 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 »

Gold price dip has knock-on effect on mining stock values

Photo credit: Michelllaurence. Edited with TVScanline

The gold price has slumped after a dollar rally. On Thursday, the dollar, as measured by ICE U.S. Dollar Index, was trading 0.2% higher at 102 after touching its highest level in about two months, while the gold price for April delivery fell $17.10, or 1.4%, to settle at $1,232.90, according to Marketwatch. Mihir Kapadia, […]

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

Gold price has minor setback from Fed news, China expanding production

Photo Credit: CafeCredit. Edited with TVScanline

The gold price took a slight downward turn today as the possibility of a March rate hike by the Federal Reserve looked to increase. The gold price for April delivery GCJ7, -0.67%  fell $8, or 0.5%, to $1,246 an ounce. Marketwatch reported that San Francisco Fed president John Williams, addressing the Santa Cruz Chamber of […]

March 1st, 2017 | Posted in Gold News,Mining | Read More »

Gold price may break $1,300 and rare Iron Age gold found

Photo Credit Rachel Clarke. Edited with TVScanline effect

David Wilson, head of metals research at Citigroup, says that he thinks the gold price should break the coveted $1,300 mark by the end of the year. The “Trump reflation trade” should reverse and subdued real interest rates, coupled with moderating dollar strength, could provide “positive momentum” for the gold price, Wilson told Bloomberg TV. […]

February 28th, 2017 | Posted in Gold News,Mining | Read More »

Gold price steady with strong reasons to invest in 2017, but Ugandan refinery running into trouble

Photo credit: Michael Mandiberg. Edited with TVScanline effect

The gold price has remained steady currently free of a major influencer to continue the recent rise or enforce a downwards adjustment. “There is a good battle going on between the bulls and the bears to seize control of the gold prices and so far, there has not been much progress from either side and […]

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

Le Pen and Fed news squeeze Gold price from both sides

Photo Credit: Blandine Le Cain. Edited with TVScanline effect

Bulliondesk has reported today that spot gold prices were down 0.2% at $1,234.16/oz whilst silver was off 0.3%. Metals had a slight dip, with prices down 0.3% on average. Volume sits around 6,164 lots traded. The indifferent nature of the gold price today comes as a result shorter-term influencers effecting a long term, gradual upward […]

February 22nd, 2017 | Posted in Gold News,Mining | Read More »

Gold price supports return of AngloGold dividend

The world’s third largest gold producer, Johannesburg-based AngloGold Ashanti, are to renew their dividend for the first time since 2013 amid healthier gold prices, it has been revealed. AngloGold Ashanti had previously suspended dealing out capital to their shareholders owing to unfavourable market conditions. More recently, however, the relative attractiveness of foreign currencies and a […]

February 21st, 2017 | Posted in Gold News,Mining | Read More »

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