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February Gold News 2017


Gold Prices Soar

Gold Prices Soar

There's been an increase in gold prices to levels not seen since Donald Trump's election victory in November last year.

Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen, said: "(Gold price) support has come from the unwinding of the post-election Trump trade, which has seen bond yields and the U.S. dollar both move lower," 

The price of gold crept over the $1250/£1005 per ounce mark for the first time in over three months on Friday.

CNBC reports that investors appear to think that the U.S. administration's ability to implement fiscal policy to stimulate the U.S. economy is ...

Investors back gold as fears over eurozone grow.

Investors back gold as fears over eurozone grow.

It's being widely reported that the former head of the US federal reserve has said he has 'grave concerns' about the future of the euro adding that he fears it may be on the verge of collapse.

Alan Greenspan, who is 90, was the chairman of the US federal reserve from 1987 until 2006 and predicted the financial crisis that followed in 2007 in America and in the United Kingdom.  

Mr Greenspan is alleged to have said that it is now only a matter time, in his opinion, before the eurozone collapses and as a result investors are said ...

Swiss Bank UBS urges investors to keep their nerve

Swiss Bank UBS urges investors to keep their nerve

It's no surprise at the moment that the gold price has been hit by the election of Donald Trump as president of the United States of America.

Despite that, Swiss bank UBS is saying that investors need to hold their nerve.

Speaking to CNBC - UBS head of commodities Dominic Schnider expects the price for an ounce of gold to rise to $1,300 from current $1,230. Part of the reason behind the expected increase in the gold price is a bet against the policies of Donald Trump.

There was shock after the election back in November, 2015.  The price of ...

America's Biggest Creditors are Dumping US Treasuries

America's Biggest Creditors are Dumping US Treasuries

America’s biggest foreign creditors have begun to dump American debt in response to Donald Trump’s presidency and economic policies.

Once known as the world’s safest debt market, it seems as though bigger deficits, increased inflation and interest rate hikes are making US debt much less attractive to foreign investors.

Japan and several other major holders of US Treasuries are withdrawing from the $13.9 trillion market at an alarming rate. China’s holdings now stand at a seven-year low having started selling US Treasuries in May, while Japan dumped $21.3 billion in December.

Domestic demand for US Treasuries is currently high enough ...

Germany brings home its gold stash

Germany brings home its gold stash

The German Federal Bank says it plans to have half its gold reserves moved to Frankfurt by the end of this year.

A lack of confidence in the euro and concerns over the future of Europe means the German public have been uneasy about keeping their gold reserves abroad.  Since the height of the cold war its reserves have been held in places like New York and Paris well out of Moscow’s reach.

Germany has the world’s second biggest bullion reserve with a 3,378-tonne, 120 billion-euro gold stockpile. They’ve already moved almost 600 tonnes out of New York and Paris ...

Why the pound could be heading for one more dip

Why the pound could be heading for one more dip

There's a prediction that the pound could head for just one more final dip as article 50 –the process of starting to leave the EU – is finally triggered at the end of March.

It’s thought that the start of the countdown to Brexit - and as the European Union formally responds and sets out its negotiating position - that could prove to be the low for the pound which could bring about an opportunity for more investment in the currency.  It’s predicted that the formal triggering of article 50 will mark the final phase of sterling’s decline and will ...

Top 5 reasons to buy gold now

Top 5 reasons to buy gold now

Gold and the yen, two of the world’s most trusted safe-haven assets, have spiked in the last week in response to the rising political tension that is gripping the globe. Demand for these assets tends to rise significantly when investors become nervous and the yellow metal has jumped by 4.9% (£+46.94/oz t) to a near three-month high in the last seven days.

With the current geopolitical climate showing few signs of subsiding, gold could be set for a sustained bull market in 2017.

Here are our top five reasons to buy gold right now…

1) Brexit

Demand ...

Nerves ahead of the French election

Nerves ahead of the French election

Nervousness ahead of the French election lifted gold to a three-month high of $1,237.17 an ounce in early trade. 

It has since treated slightly on the back of the dollar strength, but safe-haven assets such as gold are back in focus thanks to the French presidential election and Trump. 

When it comes to gold, Naeem Aslam, of Think Markets, said: "Nothing has changed- fundamentals are still the same and we think that the pullback could be an opportunity to get back in, if you have missed the move.

"We still maintain our target of $1250 for gold, because the ...

Demand for gold hits four-year high after Brexit and Trump votes

Demand for gold hits four-year high after Brexit and Trump votes

The Brexit vote and the election of Donald Trump drove global demand for gold to a four-year high in 2016, as pension funds and other institutional investors piled into the precious metal while higher prices put consumers off jewellery purchases.

Global gold demand rose 2% last year to reach 4,309 tonnes, the highest level since 2013, according to a report from the World Gold Council, which represents gold miners.

This was largely driven by inflows of 532 tonnes into gold-backed exchange-traded funds (ETFs), which track the spot price of gold – ...

How a Geert Wilders victory in Dutch elections could cause the EU to IMPLODE

How a Geert Wilders victory in Dutch elections could cause the EU to IMPLODE

THE European Union (EU) could face a bitter end over the next few months if Party for Freedom (PVV) leader Geert Wilders wins the Dutch election.

Mr Wilders would be likely to take the country out of the bloc, Marine Le Pen the Front National leader would be likely to follow suit, leaving Germany faced with the prospect of funding the cash hole. 

The PVV leader has been placed first in the polls with 31 per cent of the vote, a month before the Dutch elections. 

If Mr Wilders does pull off a shock win, it could pave the way ...

Gold prices rise

Gold prices rise

Gold prices are higher and have pushed to another 2.5-month high in early U.S. trading Monday. A somewhat nervous world marketplace at present is working in favor of the safe-haven gold market. The near-term chart postures for gold and silver have significantly improved recently, which is inviting more technically related buying interest. April Comex gold was last up $9.40 an ounce at $1,230.20. March Comex silver was last up $0.141 at $17.62 an ounce.

It’s a light week for U.S. economic reports, so traders and investors will still be focusing upon proclamations from U.S. President Donald Trump. On Friday, Trump ...

Investment Veteran Favours Gold on Risk of Trump ‘Mistakes’

Investment Veteran Favours Gold on Risk of Trump ‘Mistakes’

Gold will climb about 6 percent through the end of the year as investors seek a shelter from the rising political risk surrounding President Donald Trump, according to Independent Strategy Ltd.’s David Roche, who has about 45 years of experience covering markets.

Bullion is set to rise to $1,300 an ounce, while most assets, such as bonds, will post negative returns, the president and global strategist at the London-based economic and financial consulting firm, said in an interview on Feb. 3.

“The amount of political risk being created by this new U.S. president and administration is going to create an enormous ...

Bank of America Says European Credit Is ‘Mispricing’ Inflation

Bank of America Says European Credit Is ‘Mispricing’ Inflation

Buckle up, bond investors.

Global reflation and fading central-bank stimulus herald a new dawn for the European corporate debt market that will buoy high-yield paper at the expense of high-grade, according to analysts at Bank of America Corp., citing an upcoming portfolio shift among investors.

"In 2016 we saw the lowest in yields and spreads," strategists at the U.S. bank led by Ioannis Angelakis, wrote in a report this week. "We doubt that we will see these levels again, especially post the recent strengthening of economic data across the globe."

Monetary stimulus will reach "peak strength" this quarter, the strategists ...

EU 'exit bill' could cost up to €60bn, former Brussels diplomat warns

EU 'exit bill' could cost up to €60bn, former Brussels diplomat warns

The former UK ambassador to the EU has told MPs the UK will need to pay the EU up to €60bn (£51bn) to leave and Brexit negotiations could last until the early 2020s.

Sir Ivan Rogers, who quit in January and accused the UK's top politicians of "ill-founded arguments and muddled thinking" over Brexit, said reports that Brussels officials were preparing an "exit bill" for the UK were "genuine".

Giving testimony to the House of Commons European Scrutiny Committee on Wednesday, he added that senior EU figures believed Britain could not ...

Gold becomes investors’ favourite safe haven with Trump uncertainty

Gold becomes investors’ favourite safe haven with Trump uncertainty

Some of Wall Street’s largest fund managers have taken a contrarian bet on gold, wagering that U.S. President Donald Trump’s governing style and upcoming elections in Europe will combine to
create more stock market volatility and boost the prices of a metal long seen as a safe haven.

Fund managers from IVA, Ridgeworth and Fidelity are among those who are bullish on gold at a time when the VIX, Wall Street’s main measure of volatility is near two-year lows amid a stock-market-rally that has pushed the P 500 up 6.5 per cent since Election Day in November.

Charles de Vaulx, ...

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