The Dollar Index is now facing some significant resistance in the 99-100 zone. If the buck turns lower from here, that should help hard asset prices continue to recover
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GOLD prices ticked higher in London trade Friday, rising against the US Dollar for the 6th of 7 weeks so far in 2020 and setting fresh all-time highs against the Euro currency as global stock markets struggled despite a drop in new cases of coronavirus reported by world No.2 economy China.
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Gold Price Sets Fresh Euro Record as ETF Investing ‘Offsets’ China’s Coronavirus Slump Bullion.Directory precious metals analysis 13 February, 2020 By Adrian Ash Head of Research at Bullion Vault GOLD […]
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GOLD PRICES struggled $5 below last week’s closing level in London’s bullion market on Wednesday, trading at $1565 per ounce as world stock markets rose yet again, nearing last month’s fresh all-time highs on the MSCI World Index
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Over the last 2 years, gold bullion accounted for 7.0% of all UK imports of goods by value, and 5.9% of all exports according to source data from the HMRC tax authorities.
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The road to full accountability for JPMorgan remains long and full of obstacles. But it is certainly nice to see prosecutors treating the bank without the usual kid gloves.
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Put simply, available inventories are failing to keep up with demand largely from the automotive industry. According to Refnitiv GFMS, the palladium market will be under-supplied by 883,000 ounces this year.
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GOLD PRICES headed for their first weekly drop in 9 on Friday, but held onto a $25 rally from Wednesday’s 2-week lows despite the United States reporting much stronger-than-expected January jobs data as the coronavirus outbreak and lockdown in China saw the death of a whistleblower spark anger with the authorities on social media
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GOLD PRICES struggled to regain half of this week’s $40 losses in London on Thursday, trading below $1565 per ounce as world stock markets rose yet again despite a fast-worsening economic outlook amid the coronavirus outbreak spreading from China.
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GOLD INVESTING prices steadied above 3-week lows of $1550 in London trade Wednesday, rallying $6 per ounce as world stock markets surged for a second day after Chinese TV claimed scientists have developed an effective treatment for coronavirus.
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The emerging coronavirus pandemic is already crimping global commerce. In response, the S&P 500 has put in two weeks’ worth of declines since making new highs to start the year.
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GOLD fell from 3-week highs, as risk sentiment recovered – and Western stock markets rallied despite plunge in Chinese equities as Beijing vowed to ensure financial stability amid coronavirus emergency.
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GOLD and SILVER PRICES rose trading at $1579 and $17.85 per ounce respectively as the WHO met to decide whether the coronavirus outbreak marks a global emergency and the Bank of England followed the US Fed in keeping its low-rate unchanged yet again
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“Going forward, gold is likely to continue benefiting from supportive central bank policies” forecasting an annual average gold price of $1515 per ounce – a rise of 9% from last year’s daily average – with a peak of $1650 to hit late in 2020.
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In Germany buying anything more than one and one-half troy ounces of gold will now activate customer ID paperwork, and for businesses – a criminal background check…
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GOLD eased back Tuesday, below yesterday’s new 7-year US Dollar highs at London’s benchmarking, as confirmed cases of the deadly coronavirus spread, Hong Kong closed its borders with mainland China.
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Physical palladium and rhodium markets are buzzing with reported prices for both metals leaping higher in recent days. The story behind palladium’s move is that a physical shortage has developed in London…
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GOLD PRICES jumped 1% at the start of Asian trading before easing back on Monday as the Chinese coronavirus death-toll rose 81 with almost 3,000 confirmed sick.
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Ultimately it will be very easy,” Trump told Fox, “because if we can’t make a deal, we’ll have to put 25% tariffs on [European-made] cars.”
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Gold Prices Firm as ECB Seeks ‘Robust Inflation’ with Negative Rates, Deadly Virus Hits Chinese New Year Bullion.Directory precious metals analysis 23 January, 2020 By Adrian Ash Head of Research […]
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In 2019, the United States Mint was doing their year-end audit and discovered a leftover inventory of 2016 Proof Silver Eagles that was not accounted for. 183,781 coins were found in what is now called “The West Point Mint Hoard.”
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Already killing 17 and infecting 440 people in China, the coronavirus outbreak “is threatening to wreak havoc on Lunar New Year travel plans,” says the South China Morning Post, “at a time when many Chinese people journey to their hometowns for family reunions.
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Narayana Kocherlakota, the former President of the Federal Reserve bank of Minneapolis wants you to know the Federal Government can never borrow too much money. How? By taxing the very people it owes the money to…
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Could we be looking at modern rarities in their infancies? Why are we seeing such low mintage Silver Eagles? The answer is simple. Many coin collectors are either buying less of each type of Silver Eagle or are only choosing to buy one over the other.
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Gold is up almost 20% over the last 365 days. Silver is up about 18%, platinum over 28%, palladium almost 82% and rhodium over 245%. It is interesting that the non-traditional precious metals are outperforming gold and silver – the last year has treated investors of bullion quite well.
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With a total mintage of only 110,000 coins, the Silver Eagle from the Pride of Two Nations Set became one of the lowest mintage Silver Eagles of all time. It is no wonder why this set sold out completely a day of its release. However, it would soon be overshadowed by its sister coin…
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Precious metals got off to an explosive early start to 2020 as tensions between the U.S. and Iran drove safe-haven buying. The question for investors is whether the fundamental picture now looks promising or fleeting.
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The U.S. Treasury announced Monday that China is no longer on a list of countries deemed to be “currency manipulators.” The timing was awfully convenient and besides, nobody actually believes China has stopped manipulating the value of its yuan versus the U.S. dollar.
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