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Gold up following Manchester Arena terror attack

A horrific terrorist incident in Manchester occurred last night, in which over 20 people died. The perpetrator initiated an explosion as people were leaving the Manchester Arena after a pop concert. With the incident taking place at 22.35 on Monday in the UK, most of any market reaction has been confined to the Asian session […]

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

Ongoing uncertainty over Trump Scandal keeps gold price up

Spot gold is up at $1,253.50 today compared to Friday afternoon’s $1,247.69. According to India’s Economic Times, the price was influenced by subdued demand of precious metals from jewellers, retailers and industries amid firm equity markets. However one of the most notable factors that put upward pressure on gold was yet again Donald Trump. Murmurs […]

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

Chairman of Petropavlovsk steps down

Peter Hambro, chairman of gold miner Petropavlovsk, has stepped down. The decision was made on the back of a shareholder revolt, but the founder of the Russian company held his ground against corporate governance criticisms. Despite resigning, he will stay on as executive director until the turnaround process is complete, according to CityAM. The paper […]

May 16th, 2017 | Posted in Gold News,Mining | Read More »

Gold price has mixed feelings, mining violence continues

After a run of bearish sentiment, the gold market is trying to find its feet. Last week saw  the gold price suffer its largest seven-day loss of the year, suffering multiple blows from the Macron victory in France, and a double whammy of economic data and a strong dollar from the US. Spot gold currently […]

May 9th, 2017 | Posted in Gold News,Mining | Read More »

Gold jumps $10 as buy resistance breaks following geopolitical tension and dollar weakness – $1,300 predicted

Chart showing the gold price breaking trendline. Source: @WangTaoReuters The gold price has jumped around $10/oz overnight, as other factors augment the continuing geopolitical concerns around Syria and North Korea. Reuters reported a rise of 0.2% in spot gold to $1,287.98 per oz, making it the new high since Nov. 10th. It was at $1,285.22 […]

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

Gold price climbs even higher over international concerns

Rex Tillerson. Photo Credit: William Munoz. Edited with TVScanline. https://www.flickr.com/photos/william-munoz/

The gold price has surged further as geopolitical risk continues. Today bullion rose to $1,279.85 an ounce, the highest since 10 November, two days after the election of Donald Trump. Gold was at $1,275 by 1.40pm local time in Singapore and after-hours trading there saw futures reaching an intraday high of 1,277.40, according to Bloomberg. […]

April 12th, 2017 | Posted in Gold News,Mining | Read More »

Gold price up again with high demand from European private investors

Photo Credit: Eric Golub. Edited using TVscanline effect. https://www.flickr.com/photos/sirqitous/4067836130/in/photolist-7csHXG-7coY72-7coSop-7csHDo-7ctmVR-7ctoqX-7ctoyv-7cxdMN-7ctoDp-6rRAyV-6rVMqE-9ggJCb-6E1fbo-6is4Nu-6DSikz-76qgQ4-6DWq61-6rH8Mh-6DWrsA-76ub8o-6DWnKy-76ucX7-76ubZm-7csCLN-6inYs8-6DSQPi-6DSd8F-JLVad8-6DSiDn-xs4Azv-xH9FFf-xrnyHy-xFEyBS-xHZiBk-xHZovt-xrnyZC-6E1889-6DW24R-6E1h8d-6DVZHe-6E1ePf-9gdJYe-7csqhJ-7cp3ex-7coZpp-7cp29M-76tQfu-76pMjt-7coAh2-76tHqw

The gold price has hit its highest intraday level in over a month, reaching $1,263.7 earlier yesterday on the COMEX. Boosts came from a soft dollar, and geopolitical events, such as the St. Petersburg blast on Monday, which has killed 14 so far. The rise has boosted mining stocks, with the VanEck Vectors gold miner […]

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

Gold price hits one-week high while Australian Kingsgate fights Thai mine closure

Eureka gold mine: Photo credit: James Marvin Phelps. Edited with TVScanline

Eureka gold mine: Photo credit: James Marvin Phelps. Edited with TVScanline The gold price has hit a one week high, with a weaker dollar and shaky US economic data. Reuters reported that spot gold had risen 0.4% to $1257.73 per ounce at 06:58 GMT, while gold futures increased by 0.5% to $1,259.9 Some of the […]

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

Gold price dips while Dubai paints its latest project gold

The Dubai Frame. Taken from Instagram account _theartsy_lens_

The gold price has inched slightly downward. According to Reuters spot gold was down 0.1 percent at $1,250.66 an ounce by 07:26 GMT, while U.S. gold futures slipped 0.3 percent at $1,250. Part of the reason for the slump is the US dollar. Since slipping after Trump’s failed healthcare bid, it has re-established itself to […]

March 30th, 2017 | Posted in Gold News,Mining | Read More »

The gold price steady since Trump’s failed health care reform bill

Credit to Håkan Dahlström. Used w/tvscanline effect

Spot gold has held steady at $1,253.83 per ounce at 0557 GMT, after touching its highest point in a month at $1,261.03 the day before, according to Reuters, who went on to report that U.S. gold futures inched down 0.2 percent to $1,253.60. The markets’ panic over whether Trump would be able to push through […]

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

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