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Gold is becalmed as US gives itself economic space

The gains in the gold price have calmed today after Washington reached a deal to extend the deadline on the Federal government’s debt ceiling, in conjunction with a stock market rally. Gold reached a peak of $1,340.56 yesterday, before dropping to a low of $1,322.92. Today shows a marked improvement, with a rise up to […]

September 7th, 2017 | Posted in Gold News,Mining | Read More »

Gold hitting new highs over North Korea while Acacia looks to turn back on Tanzania

Yesterday evening the gold price hit its highest point in just under a year. Spot gold reached $1,377.40 before settling at $1,330.71 at 09:49 BST today. Gold rose in response to the combination of the escalating situation in North Korea, and a global sell-off in the stock markets. The dollar depreciated against the yen and […]

September 5th, 2017 | Posted in Gold News,Mining | Read More »

This economic data could potentially influence a rate hike

The gold price has eased off after a rally which saw it reach a peak of $1,322.84, with a sell-off in response to the price rise capping any gains made overnight. Spot gold at the time of writing sits at $1,318.18, but ongoing political tension kept prices around the nine and a half month highs […]

September 1st, 2017 | Posted in Gold News,Mining | 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 »

Multiple arrests made over 100kg gold coin stolen from museum

Germany has made arrests over the theft of a 100kg gold coin, which was stolen last March from the Bode museum. The “Big Maple Leaf” had a diameter of 53cm and a thickness of 3cm, one of the only five pure gold commemorative pieces issued by the Royal Canadian Mint in 2007. It is made […]

July 13th, 2017 | Posted in Gold News,Mining | Read More »

Gold could hit $1,400 by year end says new report

Despite reaching an eight-week low over concern about upcoming monetary policy, the gold price could still reach $1,400 by the end of December, according to analysts at Bank of America Merrill Lynch. They believe that, as inflation continues to be low, this will cast doubt on the potential for future rate hikes, and therefore pressure […]

July 6th, 2017 | Posted in Gold News,Mining | Read More »

Gold recovers slightly but still vulnerable to shocks

Gold edged higher today, supported by a soft dollar, but still remains vulnerable to shocks based on hawkish central bank sentiment and recovering assets such as equities. The gold price is still hovering around seven-week lows, having been pushed out of the previous price bracket, and touched a low of $1,218.31 yesterday, levels not seen […]

July 4th, 2017 | Posted in Gold News,Mining | Read More »

“Smart” ETF launched as gold stays steady over weak dollar

U.S. Global Investors CEO and chief investment officer Frank Holmes has set up a “smart ETF” that tracks a specialized or rules-based index to help hone in on high return players in the gold mining space. U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEArca: GOAU) will appear on the New York stock exchange […]

June 29th, 2017 | Posted in Gold News,Mining | Read More »

Gold edges up as dollar dips and treasure hunt claims another victim

The gold price has edged up to $1,251.74 at the time of writing on the back of a weaker dollar. The resurgence comes after gold settled at its lowest point for five weeks, as the market deals with the fallout from a hawkish Federal Reserve. The consensus that led to a gold drop is that […]

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

Peter Hambro set to leave Petropavlovsk board

One of the founding members of Petropavlovsk (formerly Peter Hambro Mining plc), Peter Hambro, is expected to be removed from the board when they have their Annual General Meeting (AGM) this Thursday. Hambro had previously stepped down as Executive Chairman, but decided to stay on the board as Executive Director. He faces an election on […]

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

The Atlas Pulse Report