Home » May 31st, 2017 Entries posted on “May, 2017”

Economic data may push gold down, but it’s not budging easily

The gold price turned downward today as economic data and the prospect for a rate hike are due to be released. August gold, the now most-active futures contract, lost $5.70, or 0.5%, to settle at $1,265.70/oz. Meanwhile the earlier June gold, down to the second most-active contract, fell $6, or 0.5%, to $1,262.10/oz. Gold’s movement […]

May 31st, 2017 | Posted in Gold News,Mining | Read More »

UK election and Greek debt woes keep gold price buoyant

The gold price ticked up today, with spot gold up 0.1% to $1,267.70/oz on Monday night. This followed the bank holiday weekend, which saw gold reach $1,270.47/oz, the highest since the start of the month. Gold futures remained stable at $1,267.70/oz. Part of the reason for gold’s performance was attributable to Britain’s nearing election, which […]

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

Gold price remains neutral to stock increases and Fed sentiment

The gold price has remained indifferent as of late. Prospective price gains of 1% were dashed by record highs in the S&P500 index. Gold hovers around $1,255 per ounce, which is  just below its daily average of $1,260 since the 25th of May last year. The S&P500 rise amounts to an increase of 0.44% to […]

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

Gold turns to money in Arizona while bitcoin continues to rise

This week saw the release of the minutes from the Federal Reserve’s meeting earlier this month. The minutes suggested policy-makers are holding off more aggressive rate hikes. Spot gold rested at $1,257.90 per ounce by 0728 GMT. It rose about 0.6% on Wednesday. U.S. gold futures were up 0.4% at $1,258 an ounce. This week […]

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

Terror threat and interest rate uncertainty keeps gold price steady

The gold price held steady today as the UK raised its terror threat to critical and ahead of key monetary policy announcements in the US. Spot gold was up 0.1% at $1,252.32 per ounce by 0057 GMT, while U.S. gold futures dipped 0.3% at $1,252.1 per ounce. The US dollar, having had a weak run, eased […]

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

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 »

Unemployment data pushes gold down but Trump scandal pressure remains

Gold has dipped as markets refocus away from the ongoing Trump scandal to assess incoming economic data. Yesterday spot gold was trading at $1251.18 per ounce according to MarketPulse, down from $1,260 yesterday. US unemployment claims have dropped to 232,000, lower than the forecast of 240,000. Additionally, the Philly Fed Manufacturing Index soared to 38.8, […]

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

Trump & Russia scandal sends gold skyward

The gold price has soared as markets react to the ongoing Trump scandal. On Tuesday the yellow metal was trading at around $1,231 an ounce. By midnight last night it had jumped to $1,262.23 according to Bullionvault. The ongoing political scandal in Washington follows president Donald Trump’s sacking of FBI chief James Comey on 9th […]

May 18th, 2017 | Posted in Gold News | Read More »

Gold continues to rise against depreciating dollar

The gold price has continued finding its feet, rising to  by 09:17 GMT, while June gold futures were up to $1,243.00. The US dollar index, which measures the greenback against a basket of currencies, fell to its lowest since Nov.9 and last stood at 97.942. The US dollar usually has an inverse relationship with the […]

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

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