By: Chris Mullen, Gold Seeker Report - 2 March, 2018
Gold rose $10 to $1325.30 at about 9AM EST before it nearly erased that advance in the next few hours, but it then bounced back higher in afternoon trade and ended with a gain of 0.5%. Silver rose to as high as $16.573 and ended with a gain of 0.12%. Full Story
– Global stocks slump as Trump risks trade wars – Gold prices little changed despite dollar weakness after tariff news – Trump announced plans to impose heavy tariffs on imported metals – China likely to retaliate with heavy tariffs on U.S. agricultural exports – Geo-political tensions with EU and of course China and Russia to escalate – Trade, currency wars and competitive currency devaluations tend to lead to actual war Full Story
By: Chris Mullen, Gold Seeker Report - 1 March, 2018
Gold fell $14.80 to $1302.80 in midmorning New York trade, but it then shot back higher in afternoon trade and ended with a loss of just 0.17%. Silver slipped to as low as $16.175 before it also rallied back higher and ended near its late session high of $16.548 with a gain of 0.61%. Full Story
– Four key themes to drive gold prices in 2018 – World Gold Council annual review – Monetary policies, frothy asset prices, global growth and demand and increasing market access important in 2018 – Weak US dollar in 2017 saw gold price up 13.5%, largest gain since 2010 – “Strong gold price performance was a positive for investors and producers, and was symptomatic of a more profound shift in sentiment: a growing recognition of gold’s role as a wealth preservation and risk mitigation tool” Full Story
By: Chris Mullen, Gold Seeker Report - 28 February, 2018
Gold chopped in a relatively tight range of $1322.40 to $1316.00 and ended with a loss of just 0.08%. Silver rose to as high as $16.503 and ended with a loss of 0.18%. Full Story
In the third Goldnomics podcast, we consider whether the gold price will reach $10,000 per ounce in the coming years and what factors will drive prices? As the “Everything Bubble” continues to inflate, higher gold prices appear to be on the horizon. Stephen Flood, CEO of GoldCore and Mark O’Byrne, Research Director and world renowned precious metals analyst discuss the outlook for the gold price with Dave Russell. Full Story
By: Chris Mullen, Gold Seeker Report - 27 February, 2018
Gold edged up to $1334.70 in Asia, but it then fell all of the way back to $1313.50 in early afternoon New York trade and ended with a loss of 1.095%. Silver slipped to as low as $16.331 and ended with a loss of 1.26%. Full Story
The gold commodity corridor could be formed by establishing an integrated infrastructure network by using Hong Kong as a base, and connect the proposed bonded warehouse in Qianhai with commercial users and precious metals traders in countries along the Belt and Road, Cheung said on Tuesday at an event to mark the exchange’s first day of trading in the Year of the Dog. Full Story
By: Chris Mullen, Gold Seeker Report - 26 February, 2018
Gold gained $11.50 to $1340.80 in Asia before it fell back to $1330.20 by midday in New York, but it then bounced back higher in afternoon trade and ended with a gain of 0.29%. Silver rose to as high as $16.763 and ended with a gain of 0.67%. Full Story
– Digital gold and crypto gold products claim to combine efficiencies of blockchain with value of gold – They are yet to provide the same benefits or safety as owning physical gold – National mints jumping in on the ‘sexy blockchain’ act – BOE declares bitcoin ‘not a currency;’ Royal Mint launches blockchain gold product – Digital gold, blockchain gold and crypto gold is frequently not fully backed, unallocated, pooled and unsecured gold holdings Full Story
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