Tag Archive: Gold prices

The Changing Role of Gold

2021-08-20

In our post on August 11 titled End of an ERA: The Bretton Woods System and Gold Standard Exchange, we discussed the significance of then-President Nixon’s action of closing the gold window thereby ending the Bretton Woods Monetary system. Under the Bretton Woods monetary system, central banks could exchange their US dollar reserves for gold. This also ended the gold fixed price of US$35 per ounce. This week we explore the two...

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Gold boosted by dovish central banks

2019-06-26

by Luc Luyet

2019-06-26

Gold Bullion and Market Capitalisation of Global Negative Yielding Debt

Bar a further major escalation in trade tensions, it is hard to see much more upside for gold in the short term. We remain more upbeat over the medium term.The gold price soared to a fresh five-year high on 20 June following a dovish Fed monetary policy meeting. Indeed, the dovish shift among major central banks (with the sole exception of the Norges Bank) and high global uncertainty have pushed global yields lower recently, reducing the...

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Gold to consolidate before further leg up

2019-02-20

by Luc Luyet

2019-02-20

Some recent factors supporting gold are fading. However, while gold could sag in the short term, medium-term prospects look better.Last year ended on a very strong note for gold demand, with a significant increase in jewellery and investment demand in the fourth quarter (see chart), leading to strong price performance (7.7% in US dollar terms in Q4).

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Gold $10,000 In Currency Reset as Russia, China Gold Demand To Overwhelm Futures Manipulation (GOLDCORE VIDEO)

2018-07-08

by Mark O'Byrne

2018-07-08

Is the currency reset or global monetary reset (GMR) upon us? Russia dumped half their US Treasuries in April ($47.4 billion out of the $96.1 billion it had held) and bought 600k ozs of gold worth less than $800 million in May. Has the IMF “pegged” gold to SDRs at 900 SDR per ounce? China stops buying US Treasuries and quietly accumulates gold.

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Gold Divergences Emerge

2018-06-18

by Pater Tenebrarum

2018-06-18

Bad Hair Day Produces Positive Divergences. On Friday the ongoing trade dispute between the US and China was apparently escalated by a notch to the next level, at least verbally. The Trump administration announced a list of tariffs that are supposed to come into force in three week’s time and China clicked back by announcing retaliatory action. In effect, the US government said: take that China, we will now really hurt our own consumers! – and...

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Gold and Gold Stocks – Conundrum Alert

2018-05-22

by Pater Tenebrarum

2018-05-22

Moribund Meandering Earlier this week, the USD gold price was pushed rather unceremoniously off its perch above the $1300 level, where it had been comfortably ensconced all year after its usual seasonal rally around the turn of the year. For a while it seemed as though the $1,300 level may actually hold, but persistent US dollar strength nixed that idea. Previously many observers (too many?) expected gold to finally break out from its lengthy...

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US 10-Year Surges, Emerging Markets Implode…Where Next for Gold?

2018-05-21

by Mark O'Byrne

2018-05-21

Brent Crude Oil Daily, Dec 2017 - May 2018

US 10-Year Yields Top 3%, US Dollar Pushes Higher. Brent Hits $80, Highest in 4 years. Emerging Market Chaos, the Lira and Peso in Freefall. Italy’s New Coalition Signal Their Plans, Yields Jump. Japanese Economy Contracts, GDP Worst Since 2015. And Where Next for Gold?

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Oil price highest in 3 years, gold ready to follow

2018-05-15

by GoldCore

2018-05-15

U.S. withdraws from Iran nuclear deal. Oil jumps past $70. Argentina hikes interest rates to 40%. S. 10 year disparity. Western buying returns to gold. Gold and silver both ended slightly up in a week dominated by heightening geopolitical news, weakening inflation data, and emerging market concerns.With gold closing the week at $1,318 (up 0.28%), €1,104 (0.37%), and £973 (0.2%).

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Gold price to remain trendless

2018-05-10

by Luc Luyet

2018-05-10

The recent strength of the US dollar coupled with the rise of the US 10-year Treasury yield has weighed on the price of gold and silver. Since 19 April, gold has lost roughly 2.3%, while silver lost almost 4.5% in USD terms.

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Fear and Longing – Precious Metals Supply and Demand

2018-05-08

by Keith Weiner

2018-05-08

Keith Weiner’s weekly look on Gold. Gold and silver prices, Gold-Silver Price Ratio, Gold basis and co-basis and the dollar price, Silver basis and co-basis and the dollar price.

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Gold Price Increasingly Influenced By Declining Dollar Rather Than Interest Rates

2018-05-04

by Jan Skoyles

2018-05-04

Correlation between Gold and the US Dollar Real Exchange Rate, 1976 - 2018

Gold Price Gains Due To Declining Dollar Rather Than Interest Rates. Investors should not be put off by higher interest rates, World Gold Council research finds they do not always have a negative impact on gold. Only short-term movements in gold are ‘heavily influenced by US interest rates’. Correlation between US interest rates and gold is waning, with US dollar a better indicator of short-term gold price. New findings will reassure gold investors...

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Flight of the Bricks – Precious Metals Supply and Demand

2018-04-19

by Keith Weiner

2018-04-19

Keith Weiner’s weekly look on Gold. Gold and silver prices, Gold-Silver Price Ratio, Gold basis and co-basis and the dollar price, Silver basis and co-basis and the dollar price.

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Gold Out Performs Stocks In 2018 and This Century By Ratio Of Two To One

2018-04-14

by Mark O'Byrne

2018-04-14

– Gold outperforming stocks in 2018 and this century (see chart) – Gold up close to 2% in 2018 while S&P 500 is down 2% – Trump trade wars and Kudlow as Trump chief economic advisor is gold bullish – Given gold’s performance, Kudlow’s dismissal of gold as “end of the world insurance” is “irrational” – Market volatility could drive gold to $1,500/oz in 2018 – Holmes

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No Revolution Just Yet – Precious Metals Supply and Demand Report

2018-04-10

by Keith Weiner

2018-04-10

Keith Weiner’s weekly look on Gold. Gold and silver prices, Gold-Silver Price Ratio, Gold basis and co-basis and the dollar price, Silver basis and co-basis and the dollar price.

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Prices and Predictions – Precious Metals Supply and Demand

2018-03-27

by Keith Weiner

2018-03-27

Keith Weiner’s weekly look on Gold. Gold and silver prices, Gold-Silver Price Ratio, Gold basis and co-basis and the dollar price, Silver basis and co-basis and the dollar price.

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Gold +1.8 percent, Silver +2.5 percent As Fed Increases Rates And Trade War Looms

2018-03-24

by Jan Skoyles

2018-03-24

Gold gained 1.8% and silver 2.5% to $1,333/oz and $16.60/oz yesterday. Gold climbs as Fed increases interest rates by 0.25% – now 1.5% to 1.75% range. Dovish Fed Chair Powell plans fewer than expected rate hikes in 2018. Markets disappointed at lack of hawkish comments from new Fed Chair. Dollar LIBOR rises to highest level since November 2008 – $200 trillion worth of dollar-denominated financial products including mortgages based off LIBOR.

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Return of the Market Criers – Precious Metals Supply and Demand

2018-03-07

by Keith Weiner

2018-03-07

Keith Weiner’s weekly look on Gold. Gold and silver prices, Gold-Silver Price Ratio, Gold basis and co-basis and the dollar price, Silver basis and co-basis and the dollar price.

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Bitcoin or British Pound ‘Pretty Much Failed’ As Currency?

2018-02-23

by Mark O'Byrne

2018-02-23

Bitcoin has ‘pretty much failed’ as a currency says Bank of England Carney. Bitcoin is neither a store of value nor a useful way to buy things – BOE’s Carney. Project fear against crypto-currencies or an out of control investing bubble? Bitcoin will likely recover in value but is speculative and not for widows and orphans. British pound has been a terrible store of value – unlike gold. Pound collapsed 30% in 2016 and down 11.5% per annum versus...

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Gold Up 3.8percent In Week – If Closes Above $1,360/oz Will Be Biggest Weekly Gain In Nearly 2 Years

2018-02-20

by Mark O'Byrne

2018-02-20

Gold Up 3.8% In Week – If Closes Above $1,360/oz Will Be Biggest Weekly Gain In Nearly 2 Years. Gold rose as the dollar fell to near a three-year low against a basket of currencies on Friday, heading for its biggest weekly loss in nine months, as a slew of bearish factors including firming inflation and a fall in retail sales and industrial production hit the dollar.

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