Global stocks slip as coronavirus cases rise September 19, 2020 Stock markets around the world continued to stutter this week as an increase in Covid-19 cases in across Europe weighed on market sentiment. Wall Street saw early gains on Friday reverse and the S&P 500 and Nasdaq ended the session posting a third straight week of declines, led by this week’s Federal Reserve meeting and [...]
Gold hits record $1,980 high as dollar weakens July 28, 2020 Gold hurtled to record peaks today before the sheer scale of its gains drew a burst of profit taking, which in turn helped the dollar up from two-year lows. The precious metal had stormed almost $40 higher at one point to reach $1,980 an ounce XAU=, only for a wave of selling to slap it [...]
Gold stockpiles depleted as coronavirus increases demand March 23, 2020 Global stockpiles of gold bullion have been severely depleted by the coronavirus outbreak as investors rush to put money into the safe haven assets. According to the Financial Times, European producers have struggled to keep up with the heightened demand, which is reportedly running at around five times normal levels, due to factories being shuttered [...]
Follow the yellow brick road: the investment case for gold February 19, 2020 Investing can often feel like a rollercoaster, with the value of stock investments rising and falling sharply based on breaking news and geopolitical events. Certainly, the last few months may have felt bumpy. From the build-up to the UK General Election in December, to the tit-for-tat missile volleys between the US and Iran, to the outbreak [...]
Gold is the new gold: Why the safe haven investment could shine in 2020 January 18, 2020 The start of 2020 has certainly been a rude awakening for traders returning to work after the Christmas break. Oil prices spiked after the US assassination of Iranian general Qasem Soleimani ignited tensions in the Middle East. Equities were shaken, and investors flocked to safe haven assets in a bid to shelter from the storm. [...]
World’s largest hedge fund sees gold price rising 30 per cent amid global uncertainty January 15, 2020 The co-chief investment officer of the world’s biggest hedge fund has said gold could surge to a record high above $2,000 an ounce as global political uncertainties increase. “There is so much boiling conflict,” Greg Jenson, who helps oversee over $160bn at Connecticut-based Bridgewater Associates, told the Financial Times. Read more: Gold and oil prices [...]
Gold and oil prices climb as Iran crisis deepens after attacks January 8, 2020 Gold and oil prices have risen after Iranian missile attacks on Iraqi military bases housing US and UK personnel caused already heightened tensions in the Middle East to flare. The precious metal surged more than two per cent to hit a seven-year high overnight, breaking through the $1,600 barrier for the first time since 2013 [...]
Gold hits highest values since 2013 amid geopolitical tensions November 5, 2019 Renewed economic concerns and rising geopolitical tensions has driven the value of gold to a six and a half year high, according to the Refinitiv GFMS gold survey. In the third quarter gold’s dollar value rose to an average of $1,472 (£1,144.5) per ounce, a 12 per cent increase on the previous quarter and 22 [...]
Zero carbon transition to cost gold industry $70bn October 23, 2019 Achieving global net-zero emissions targets by 2050 may cost the gold industry up to $70bn (£54.3bn) over the next decade, according to a new paper by the World Gold Council. However, the analysis found that “it is feasible and cost-effective for the gold industry to reduce emissions by up to 95 per cent over the [...]
Royal Mint releases new coin after August gold rush September 16, 2019 August was the most popular month on record for sales of precious metals at the Royal Mint, which has released a new bullion coin following the spike in demand. Demand for bullion rose dramatically last month, rising 127 per cent compared to the same period in 2018, the Mint said. Read more: European stock markets [...]