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

Economic data exceeds expectations and puts pressure on gold price

The gold price has continued its steady pattern from yesterday, albeit facing downward pressure from the continuing threat of a recovering dollar and good economic data, but has proved resilient by the ongoing threat from North Korea. The dollar’s recovery, which has seen it rise up from its 15-month low on Tuesday, can be attributed […]

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

Gold price steady as North Korea crisis continues

The dollar has bounced back from a two and a half year low amid beliefs that geopolitical tensions from North Korea have plateaued, but the gold price remains stable owing to widespread belief that the conflict will continue for the foreseeable future. Spot gold fell 0.1% to $1,307.60 by 07:00 this morning. Yesterday saw it […]

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

Gold price at ten month high after missile flies over Japan

This morning saw the gold price reach levels unseen since the election of US president Donald Trump, as North Korea’s continuing show of military strength saw the rogue state launch yet another ballistic missile. The safe haven asset rose 0.9% to $1,322.41 after the launch, but later settled back to $1,318.00, according to the Financial […]

August 29th, 2017 | Posted in Gold News | Read More »

Gold price waiting on Jackson Hole monetary conference as dollar rises

Jackson Hole sign

Gold has remained steady ahead of the outcomes of the Jackson Hole monetary conference. Gold this morning was at $1,286.12, with gold for delivery in December at $1,292.40. The static status of the price is seen as symptomatic of the market’s wait-and-see approach to the meeting of the world’s monetary policy makers in Wyoming. Nothing […]

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

Germany completes secretive gold repatriation three years early

gold bars

Germany has completed its repatriation programme, relocating 50,000 bars of gold from France and the US. Half of Germany’s 3,378 ton gold reserve has now been brought back from London, Paris and New York, cities that housed the sovereign gold for much of the Cold War. “The Bundesbank intends to store half of the country’s […]

August 23rd, 2017 | Posted in Gold News | Read More »

New geological acid seas theory sees mining firm valued at half a billion dollars

Australia

Are the plains of Western Australia the gold laden brethren of South Africa’s welds? Quinton Todd Hennigh, is certainly hoping so, the president of Novo Resources Corp has seen the value of his business rocket on the back of such a theory. Hennigh believes the Witwatersrand region of South Africa, home to one of the […]

August 23rd, 2017 | Posted in Gold News | Read More »

“Disturbing” Trump speech leaves gold steady as investors await Jackson Hole

Trump

Despite dipping yesterday ahead of the Jackson Hole monetary conference tomorrow, gold edged up slightly this morning. At 8.40am British Summer Time it was at $1,285.78 with December delivery at $1,290.90. The change is small and the price looks largely flat as investors are hesitant to make any big calls until the outcomes of the […]

August 23rd, 2017 | Posted in Gold News | Read More »

Jackson Hole meeting keeps gold on hold ahead of potential rally

Jackson Hole

A stronger dollar and a wait-and-see approach ahead of Thursday’s monetary policy makers’ meeting in Jackson Hole has seen the gold price drop slightly. This morning gold was at $1,285.72, while gold for December delivery was at $1,289.10. European Central Bank chair Mario Draghi and Federal Reserve chair Janet Yellen are both set to speak […]

August 22nd, 2017 | Posted in Gold News | Read More »

Gold price up with political uncertainty following Barcelona attacks

Las Ramblas

Gold has finished the week up. This morning spot gold was up to $1,293.48, having jumped overnight towards the $1,300 mark following the terror attacks in Spain. Gold for December delivery was at $1,292.60 per ounce. This week’s wavering data on the US economic outlook and Federal Reserve caution over addressing the deficit and raising […]

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

Gold up as dollar wavers and Australia overtakes Canada for exploration

Kalgoorlie Pit

The gold price moved up slightly today as the dollar wavered following the release of the minutes from the Federal Reserve’s (the Fed’s) July meeting. This morning gold was at $1,288.48 with December delivery up at 0.8% to $1,293.70 per ounce. As US inflation now looks less certain, so does an interest rate hike from […]

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

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