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Welcome to the BullionByPost gold and silver news service. Our news team aims to cover all the latest headline stories affecting the gold and silver bullion markets, as well as reporting on other precious metals, the state of major currencies, and movements in the stock market.
We provide commentary on the state of the economy and wider current affairs or political decisions that impact the markets, giving our customers as much insight as possible and allowing them to make educated choices when it comes to buying and selling in the precious metals market, whether it's for investment purposes or a collection.
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US President Donald Trump has criticised the Federal Reserve - once again - for raising interest rates at Christmas and refusing to cut them following their most recent committee meeting.
Trump turned to Twitter to express his unhappiness with the situation, and claimed that America’s gross domestic product would be higher were the Fed willing to compromise.
Gold broke through the psychological barrier of $1,400 this morning, as hostilities between the United States and Iran escalated further. Reports from the US suggest that military strikes had been approved, before being called off at the last minute.
Gold has once again surged, climbing past $1,386.25 per ounce this morning - the highest Dollar price in nearly six years. The 24 hour gain of $44 (3.3%) followed yesterday’s Federal Reserve meeting, in which the stance of the Fed appears to be turning dovish.
The gold price peaked at $1357.32 per ounce on Friday, following an attack on oil tankers in the Strait of Hormuz, situated between Iran and the United Arab Emirates.
An Australian tech company has made a significant breakthrough in gold mining by finding a replacement for cyanide in the refining process.
The research came after a decade of collaborative work with the Commonwealth Scientific and Industrial Research Organisation (CSIRO), which reported last August that there had been a breakthrough in the testing.
The Bank of England will do more to scrutinise investment funds to protect those who invest in them in future, according to chairman Mark Carney.
The announcement comes in the wake of the Woodford incident, in which stock picker Neil Woodford barred investors from withdrawing from his equity income fund due to an overwhelming demand to back out.
The gold – silver ratio is currently at its highest level since 1993. The ratio - how many ounces of silver buys an ounce of gold - is used by investors as price measure for the two precious metals, and might suggest that silver is undervalued at present in comparison with gold.
A high profile UK stock picker has shocked thousands of investors by announcing that they cannot withdraw their money from his investment fund until the end of the month.
The equity income fund, run by Neil Woodford and his Woodford Investment Management group (WIM), made the extraordinary announcement yesterday.
Investment bankers Deutsche Bank have claimed that President Trump’s trade tariffs – and particularly the ongoing trade war with China – have halted growth in equities and cost the American markets trillions of Dollars in lost revenue.
A new report shows that gold is now the second-most popular way to invest in Switzerland, being mentioned by 48% of those questioned. Almost one fifth of Swiss nationals are even planning to invest in the precious metal within the next twelve months.
Theresa May broke down in tears today, as she announced that she will stand down as Prime Minister within weeks.
As she stood on the steps of Downing Street, Mrs May said she will resign as Conservative leader on June 7 but will remain as prime minister until a replacement is selected.
Russia has increased both its gold mining output and its gold reserves in the first quarter of this year according to figures from the Russian Central Bank and the World Gold Council.
An anonymous gold hunter has discovered a 1.4 kilogram gold nugget near Kalgoorlie, Western Australia.
The nugget was found in an area just outside Kalgoorlie known as the Golden Mile; a site with sizeable gold reserves that experienced the first major gold rush in 1893.
Banco Central de Venezuela have reportedly sold almost 14 tonnes of gold in the past fortnight, for a total of $570 million. The news, reported by Bloomberg, does not specify a buyer, though it is heavily rumoured to be the United Arab Emirates.
Observant readers will have noticed that the price of gold per ounce in Pound Sterling climbed to an impressive £1,013 per ounce last week, but what caused it?
An Australian family have discovered a gold nugget worth more than £20,000 while out for a walk last Sunday.
The nugget, which weighs 624 grams, was discovered by accident when a young girl kicked what she thought was a rock and instead turned out to be a large lump of gold.
Last Tuesday, Republican Congressman Alex Mooney (West Virginia) introduced this bill to the House of Representatives, in the hope of the act becoming law and forcing the US government to audit the nation’s gold reserves.
To date, the US is estimated to hold 8,133.5 tonnes of gold in storage – the most of any nation in the world - but no such audit has ever successfully been performed by authorities in America.
Dubbed ‘Brown’s Bottom’, the sale of half of the UK’s gold reserves between 1999 and 2002 by then-Chancellor Gordon Brown is considered a particular low point in British history.
Today marks the 20th anniversary of this event, so we revisit Gordon Brown’s mistakes; how a cautious Chancellor let down his guard and undersold more than half of Britain’s gold reserves.
Global stock markets are rushing to sell following President Trump’s warning to China on Sunday that a tariff hike and fresh tariffs would be coming their way if they didn’t stop stalling talks.
Trump warned China that he would up the tariff rate to 25% on $200 billion worth of Chinese imports. Robert Lighthizer - US Trade Representative – accused Beijing of going back on promises already made.
