February Gold News 2018

It’s been an odd week for gold prices and the US Dollar. Gold fell in value from Monday to Thursday as the US Dollar bounced back from a slump in value (again) but began to rise steadily again today. Fears about inflation and subsequent interest rate rises are making the markets jumpy.

These fears were expected to be settled by the latest minutes from the Federal Reserve’s monthly meeting in January, but the announcement was effectively ‘change is coming… but not today’. Many ...

The predicted demand for gold in India is failing to appear, according to new reports. The Indian Rupee has struggled in recent months despite the weak US Dollar, forcing gold prices higher and as such reducing demand.

The rise in price is deterring investors and coupled with the bull run in the global stock markets, investors in India are opting for equities and mutual funds rather than putting their money into gold bullion or the Rupee.

With a lack of investors interested in ...

Russia could be looking utilise a new gold trading market as a ‘fire escape’ currency, in a targeted move away from the US Dollar and the financial and trade restrictions placed against them.

Russia has been under a combination of US sanctions and other sanctions from the West for the past three years and has suffered economically from this and the rapid increase in fracking in the US, which has in turn decreased oil prices. Russia responded by forming an oil duopoly with Saudi Arabia to ...

The Japanese Yen is considered one of the safest currencies to invest in during times of market turbulence. Where the Euro is thought of as a brave investment, the Yen is a safe bet, and both are preferred to the US Dollar at present.

The Yen is also considered a good indicator of investor fear. When the value of the Yen rises, it usually precedes an increase in market volatility. At present the currency is enjoying a slight resurgence, which last week was linked to the rapid slow down of the stock ...

January was an unusual month. It began with a surprising change of tact from the North Korean government. A phoneline to South Korea previously closed by Kim Jong-Un was reopened, with contact made to the South expressing their wishes to engage in diplomatic talks in the coming weeks. These talks have since led to a united Korea competing in the Winter Olympics in Pyeongchang.

With one of the major driving forces behind gold price rises now playing peacemaker, it’s no surprise that for the first week of January prices were very stable for both gold and silver. At the same ...

It has been an unusual few months for Pound Sterling. The Bank of England, predicting 1.5% economic growth in 2018, announced an unexpected rate rise of 0.25% last November and pushed the UK’s interest rates back up to 0.5% - the level they were between 2009 until 2016. On the surface it wasn’t that big a move, but in reality the repercussions saw the Pound become one of the best performing global currencies.

With the global economy growing at a solid 4%, ...

The booming US stock market saw a record fall on Monday, dropping 1500 points at its worst and ending 1175 points down on the start of the day's trading.

The drop in share prices across the Dow Jones had worldwide repercussions, resulting in an estimated $4 trillion lost globally. Japan's Nikkei dropped by nearly 5%, the FTSE 100 was down 2.5%, the CAC 40 in France and Germany's DAX both dipped 3%, South Korea's Kospi fell by 1.5%, and Australia's S&P ASX 200 fell 3.2%.

The ...

The United States government has fined Deutsche Bank and UBS a combined $45 million dollars for ‘spoofing’ in the gold market.

The term refers to the act of placing fake orders but quickly cancelling them, to make the market look busier than it is and to manipulate prices as a result. This manipulation is a criminal offence in the US under a provision within the 2010 Dodd-Frank financial reforms.

Spoofing incidents are very rare, with only three other people having been charged previously by the US Justice Department for spoofing. The combined ...