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

Gold ticks up following Trump comments on South Korean trade deal and defence

Gold ticked up slightly overnight as Asia reacted to remarks by US president Donald Trump with regards to South Korea, defence of the region and free trade. According to Investing.com gold rose 0.02%, to $1,266.11. Speaking to Reuters Trump said he would either renegotiate or terminate what he called a “horrible” free trade deal with […]

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

Trump tax plan hits gold price before bounce

Gold has taken another dip as US president Donald Trump announces his plans for tax reform. Having reached almost $1,290 an ounce last week, gold has now fallen to around $1,266 (having dipped to $1,259.9 yesterday) – poised to return to the $1,270s or continue a more bearish slide. Although Trump’s tax plan includes proposals […]

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

What Macron, May & Merkel polls mean for gold in 2017

The three major elections in Europe have presented gold with a triple set of variables. As France, the UK and Germany go to the polls this year the gold price looks set to benefit from the perceived uncertainty inherent in purdah and campaigning periods as well as the potential rise of extremist candidates. Although former […]

April 26th, 2017 | Posted in Analysis,Gold News | Read More »

Macron lead pushes gold down despite North Korea tension and Chinese imports

Gold hit a two week low yesterday following another strong market reaction as Emmanuel Macron, front runner from the first round of voting, remains favourite to become the next French president. Reuters reported spot gold down 0.9% at $1,264.25 an ounce at London close, on track for its weakest one-day performance since March 2 having […]

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

Macron market boon sees gold drop

The gold price has taken a significant readjustment as markets react to the expectation that En Marche! candidate Emmanuel Macron will be the next president of France. Gold dropped sharply yesterday from just over $1,284 to below $1,270, rallied briefly and then fell to $1,271 this morning according to Bullionvault. Macron’s lead following the first […]

April 25th, 2017 | Posted in Gold News | Read More »

Gold price drops as Macron comes out on top

The gold price has dropped following the outcome of the first round of the French presidential elections. The four horse race was between Jean-Luc Mélenchon of La France Insoumise and Emmanuel Macron of En Marche! on the left, with François Fillon of Les Républicains and Marine Le Pen of Front National occupying the political right. […]

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

Gold steady ahead of French election first round 

The gold price has remained steady, with gold futures for June sitting at $1,283.80 an ounce, a sixth gain in seven sessions. The first round of the French Presidential elections begins on Sunday,with an extremely tight race between Emanuel Macron and Marine Le Pen. The gold price could decrease upon a Macron victory, signalling stability and […]

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

Gold price dips as dollar bounces but outlook strong ahead of French election 

Gold moved down slightly today as the dollar rallied from a previous dip. This morning gold was returning to $1,282, having dipped to $1,278 earlier. The precious metal’s outlook remains good however ahead of the first round of the French presidential election and the stalling of US tax reform. Globally the gold price looks to […]

April 20th, 2017 | Posted in Gold and Silver Media,Gold News | Read More »

Gold strong as election called and dollar and FTSE dip

A jump in the pound to a five month high of $1.29 following Theresa May’s announcement of a snap general election yesterday, saw the gold price adjust to $1,283 this morning having previously hit $1,291.98 an ounce yesterday. Gold peaked in the previous session at $1,295.42, its highest since Nov. 9. Gold’s outlook appears bullish […]

April 19th, 2017 | Posted in Gold News | Read More »

UK General Election: Markets, FX and Gold react

Theresa May’s decision to call a snap general election has seen the pound hit a two month high of $1.26 while the FTSE 100 has plummeted almost 100 points. Meanwhile gold has remained atop a five-month high following weeks of geopolitical tension around American intentions in the Middle East and over North Korea. This morning’s […]

April 18th, 2017 | Posted in Analysis,Gold News,Markets | Read More »

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