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

Gold up as North Korea tests another missile and dollar continues to lose

The gold price has risen nearly $10 over the weekend, as political tensions over North Korea escalate and the dollar continues to fall. The lowest point for the gold price on Friday was $1,258.28; at the time of writing it stands up at $1,266.69. Since North Korea tested an Intercontinental Ballistic Missile (ICBM) in early […]

July 31st, 2017 | Posted in Gold News,Markets | Read More »

Dollar bounce sees gold dip after six-week high

A recovery for the US dollar has seen gold take a dip from the six week highs it enjoyed earlier in the week. The dollar bounced having fallen recently following less sparkling US economic data that impacted on inflation predictions. As a result the Federal Reserve (the Fed), led by chair Janet Yellen, delayed any […]

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

Federal Reserve monetary policy result as expected

The gold price held steady today as an expected result from the Federal Reserve policy did nothing to support the dollar. Spot gold was nearly unchanged at $1,261.31 at 00:49 GMT, reaching its highest since June 15 in the previous session. Meanwhile, gold futures almost rose a whole percentage point to $1,261.40. The Federal Reserve […]

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

Gold in mixed territory, welsh mine to be revisited

The gold price has fallen ahead of the Federal Reserve monetary policy meeting today, the results of which will be announced at 18:00 GMT. Spot gold fell 0.27% to $1,245.16 at 06:29 GMT, whilst US gold futures for August fell 0.61% to $1,244.50. The markets don’t see a rate rise happening this time around, but […]

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

Federal Reserve meeting tomorrow set to be non-eventful

The gold price has eased off slightly after a mild dollar recovery. Spot gold sits at $1,253.00, down from yesterday’s $1,257.18. “Gold is taking a breather after a big run up the last few days,” said Colin Cieszynski, chief market strategist at CMC Markets, in Marketwatch. The dollar market has been bearish for a while, […]

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

Trump gridlock pushes dollar to year low, Nazi gold shipwreck found off Iceland

The gold price hit a four-week high over the weekend of $1,257.18, marking a near 1% increase since Friday, having risen by 2.1% last week. It currently sits at $1,254.33. The price spike comes in the wake of an ever-dwindling dollar, which is at a near 13-month low; the slack is tied to fresh political […]

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

Euro spike pushes dollar down and boosts gold

The gold price has risen to a three-week high in the wake of the European Central Bank monetary policy meeting. Spot gold reached $1,247.20, a level not seen since the end of June. It represents a gain of over $10 compared to yesterday’s price of $1,236.29.   This price increase comes as the dollar reached […]

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

ECB still unlikely to tighten, gold scammer story resurfaces

Yesterday the gold price improved slightly, as dollar weakness continued on the back of decreasing faith in the likelihood of a rate hike by the Federal Reserve. The ICE dollar index sat at 94.759, with gold futures fluctuating between $1,235.10 and $1,243.50. Today the dollar has strengthened slightly at 94.98, and gold futures fell to […]

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

Gold wavering, dollar up, ECB caught in a trap

The gold price has eased down following a dollar rally, the greenback having previously plunged to multi-month lows. Spot gold fell 0.2% to $1,240.11 at 07:02 GMT. US gold futures for August delivery fell 0.2% to $1,239.50. On the continent the European Central Bank (ECB) has been in two minds. Last June we reported that […]

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

“Dovish” Fed outlook pushes gold towards $1,250

Gold saw a rally on Monday, moving towards $1,250. This morning the buoyancy continued with a spot price of $1,236.99. The bounce represents a two week high for the yellow metal as the dollar took a downturn and the US Federal Reserve posted a more “dovish” outlook on further interest rate hikes this year. Reuters […]

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

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