Home » June 30th, 2017 Entries posted on “June, 2017”

Monetary hawks help dollar push down gold

The gold price has moved down as a hawkish sentiment arose from the European Central Bank’s forum in Portugal. Spot gold fell 0.2% to $1,242.56 as of 0736 GMT; US gold futures for August were down 0.3% at $1,242.60. Comments from leaders of top monetary institutions such as European Central Bank head Mario Draghi, Bank […]

June 30th, 2017 | Posted in Gold News,Markets | 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 recovers on the back of a weak dollar as news comes in from ECB forum

The gold price is recovering after the “fat fingered muppet” crash that happened on Monday, which saw an uncharacteristic sell-off push gold $20 downward. Spot gold rose 0.4% to $1,251.91 by 04:08 GMT today, and US gold futures for August delivery were up 0.5% to $1,252.50. Part of gold’s recovery since Monday’s drop is attributable […]

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

Gold steady ahead of Yellen speech, following yesterday’s shock drop

Today’s influences on the gold price look to come from a soft dollar, and Federal Reserve (Fed) chair Janet Yellen’s speech in Portugal. Yellen will likely re-affirm the Fed’s outlook on the US economy, which is currently positive, and hint at raising rates once more this year, according to OCBC analyst Barnabas Gan, in Reuters. […]

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

Gold drops ahead of global Forum on Central Banking

This morning saw $12 wiped off gold’s spot rate in a matter of minutes. The gold price dropped from $1,253.77 to a low of $1,241.71 between 9:02am and 9:06am; at the time of writing it sits at $1,243.91. According to investing.com, Comex (the New York Commodity Exchange) gold futures were down to $1,246.03. A slew […]

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

Dollar threats and Japanese QE give gold slight rise

The gold price inched up today to $1,254.05. It is, however still in shaky territory and set for a weekly fall overall, having grazed a five-week low following the rate hike by the Federal Reserve. U.S. gold futures for August delivery gained 0.2% to $1,251.9 per ounce. Upward pressure pushing gold this week has come […]

June 23rd, 2017 | Posted in Gold News | 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 »

Gold price edges up following oil slide

The gold price has edged up following a five week slide. A slight dollar waver and a depreciating oil price have seen gold move to up 0.2% to $1,245.82 per ounce, as of 0801 GMT. The oil slump follows a rise in supply as OPEC struggles to turn down production. Oil’s seven-month lows put Asian […]

June 21st, 2017 | Posted in Gold News | 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 »

UK Election uncertainty sees gold trading quadruple

People have been selling their gold in parallel to some of the most unstable times the UK has experienced in years: “BullionVault [saw] four times the usual volume of trade after the UK election exit polls were published,” says CityAM’s Katherine Denham. She goes on to say that other firms in the gold market have […]

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

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