Home » February 28th, 2017 Entries posted on “February, 2017”

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 holds steady in preparation of Trump’s speech to Congress

Photo Credit: Buck82. Edited with TVScanline effect. URL: https://www.flickr.com/photos/buck82/349701773/in/photolist-wUj9V-nQ72U-4S2KQs-pXNRR-f2qv6K-dvyNqJ-9KKLTv-J5Sief-zyrW4b-c2zgM7-7wiiym-FkFFCB-FkuPwq-FkFdXc-Ga73sk-GdDBif-FkF9GD-FQQfVf-4Vd3jF-Rmurtu-GfXaEc-Ga72HV-FkuEBm-FQQHPq-Ga6wox-G7Mps7-Ga6Est-G7Mj6W-QNnTaU-FkFfRx-FkFadt-FkuTUJ-GdDHBh-GfWMKa-fY5AYp-bP8nH-98wXw-fniCUr-fMwHzR-81GSfe-4FSW25-Ga6Crz-fHaJFT-6UBTtM-b74upi-4Mg4oQ-9KKKJn-6bSEVZ-2nt5Qw-eZabdK

The gold price held firm this morning in light of preparation for Trump’s speech to congress on Tuesday. Spot gold floated at $1,256 per ounce at 9.10am (GMT), with futures at similar levels of $1,257.30, as holdings of the largest gold-backed exchange-traded fund, New York’s SPDR Gold Trust, see a rise of more than 5 […]

February 27th, 2017 | Posted in Gold News | Read More »

Bitcoin price at highest ever, gold price rises as Trump impact downplayed

Photo Credit: Zach Copley. Edited with TVScanline effect

The Gold price rose at the close of this week as the US Treasury Secretary Steven Mnuchin indicated Donald Trump’s policies will have little economic impact in 2017. The change in gold prices occurred after Mnuchin said the new policies of the Trump administration will probably have limited impact in 2017. DailyFX reported the announcement […]

February 24th, 2017 | Posted in Gold News,Markets | Read More »

Gold trading ‘as a stock’ following likely deferral of interest rate hike

Photo credit: carmen_seaby. Edited with TVScanline Effect

The gold price received a significant boost on Thursday following the release of Fed minutes suggesting a US interest rate hike was likely in summer (June or August) rather than spring (March). This pushed US bond yields down and stalled the upward momentum of the US Dollar. CNBC reported the gold price at a three […]

February 23rd, 2017 | Posted in Gold News,Markets,Silver News | 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 »

Greenspan provides reasoning for gold price’s resilience

Photo credit: Financial times. Edited with TVScanline effect. Photo source: https://www.flickr.com/photos/financialtimes/5621905898/in/photolist-9yMJL3-9aqmBk-87NNJY-9yJHDx-gBQnHY-9GMQjr-9H2cuV-9H2AK4-9H29Zc-8RgCbY-9H4o9b-5x4wNY-9H4oou-cgcemW-9H4osU-9H4nM9-9H4nXN-m3aDK-fUAmg-eV2TYw-5ZLP6n-o3vQGf-hXgE27-8Qmchh-2BPYL-5wrcxf-3myrNh-9GvBGD-9H1uxM-5w1JEF-9H1u7F-9H1uXg-9H1tRX-9H1uik-9H1qdv-9H1v3r-9H4oCL-9H1v8z-9GvAUt-9H1uM2-9H1tWF-9H1q8H-5wZ9ot-JsZG7Y-5C2Trk-apv97A-qpxDpY-aQKw6-5zK1z7-6XFwxc

The World Gold Council released the February edition of Gold Investor last Thursday, with an interview with Alan Greenspan on his outlook for 2017. The ex-chairman of the Federal Reserve explained that the West had gone through stagnant productivity growth, fuelled by the aging of the baby-boomer generation and the channeling of savings into entitlements […]

February 20th, 2017 | Posted in Analysis,Gold News | Read More »

Gold price gains as strong Dollar drops

The gold price looks to be finishing the week on a high as the strong dollar encountered what DailyFX called an ‘aggressive reversal’ yesterday. The Bullion Desk reported gold at $1,237.89 per oz, after a ‘bullish day’ on Thursday, when prices closed up with gains of between 0.3% and 0.6%. Investor consensus suggests ongoing uncertainty […]

February 17th, 2017 | Posted in Gold News | Read More »

Gold price showing potential resilience following dip

Photo credit: Mark Herpel. Edited with TVScanline effect

The gold price rallied slightly yesterday after an ebb caused by a strong Dollar, suggestions of a Fed rate hike and a positive outlook on the US economy. However the price remains in flux rather than on an upward trajectory. Marketwatch quoted Michael Armbruster, principal and co-founder at Altavest as saying precious metals are momentarily […]

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

Gold Investor Report banner