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May Gold News 2018


Gold 2048 – what do the next 30 years have in store for gold?

Gold 2048 – what do the next 30 years have in store for gold?

The World Gold Council has published its predictions for the gold industry for the next 30 years.
Titled ‘Gold 2048’, the report focuses on the key expectations from industry experts, such as the
growth of the middle classes in China and India, the advancement of technology to allow easier
investment into gold, and the restructuring of gold mining and production due to environmental
impact and the social expectations involved in operating with minimal damage caused.

Euro at weakest levels since end of 2017

Euro at weakest levels since end of 2017

The value of the Euro currency has dropped over 0.5% to $1.1828 this week – the weakest level since the end of December last year according to the Reuters news agency. Investors were caught out recently by the Dollar’s resurgence, having continued to bet on it falling further. The error led to a rush to compensate for losses, pushing the Greenback even higher.

Gold is up €13.80 per ounce as a result of the weaker Euro, in contrast to slight decreases in Dollars and Sterling.

Trump scraps Iran nuclear deal

Trump scraps Iran nuclear deal

President Trump has pulled the United States of America out of a nuclear accord with Iran, announcing his intention to reintroduce strict economic sanctions against the Middle Eastern nation and any foreign companies that continue to do business with Iran.

Following the decision, the price of Brent Crude rose sharply to $77 per barrel – a three and a half year high for the North Sea oil. The US Dollar is also at a year-to-date high, while the price of gold has fallen back fractionally from the rapid gains made in the last week.

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