By: Chris Mullen, Gold Seeker Report - 5 October, 2018
Gold dipped $2 to $1197.30 in Asia before it climbed up to $1205.80 at about 10AM EST and then drifted back lower into midday, but it then edged back higher in late trade and ended with a gain of 0.32%. Silver chopped between $14.516 and $14.712 and ended with a gain of 0.34%. Full Story
Positive developments in the gold market included a surge in demand for gold and silver bullion coins ‘Down Under’ with our friends at the Perth Mint of Western Australia (we have been an Approved Dealer since 2005). As the Aussie property bubble continues to burst, risk-averse investors are accumulating physical gold and silver as hedges and insurance. Full Story
By: Chris Mullen, Gold Seeker Report - 4 October, 2018
Gold saw slight losses in Asia and held near unchanged in London before it climbed to as high as $1206.70 by late morning in New York and then fell back to $1197.10 by midafternoon, but it then bounced back higher into the close and ended with a gain of 0.07%. Silver rose to as high as $14.765 and ended with a loss of 0.48%. Full Story
– Brexit and bursting property bubbles including London impacting sentiment overvalued Dublin housing market – Housing prices in Dublin fall 2.5% as Brexit, global risks increase – Australian house prices fall 2.7% as Sydney and Melbourne see sharp price falls as Australian bubble bursts Full Story
US economic data releases suggest continued interest rate hikes till the first quarter of next year. Traders are factoring in a minimum two interest rate hikes in the next six months (may be even more depending on inflation). Federal Chairman Powell has said that interest rates in the USA may be raised by above “neutral”. Next year gold will be free from the interest rate hikes correlation. Gold investment returns in emerging markets is positive, Full Story
By: Chris Mullen, Gold Seeker Report - 3 October, 2018
Gold saw slight gains in Asia and chopped near unchanged in London before it dropped down to $1197.00 in early afternoon New York trade and then bounced back higher into the close, but it still ended with a loss of 0.39%. Silver slipped to as low as $14.622 and ended with a loss of 0.14%. Full Story
Sales of gold products by the Perth Mint surged in September to their highest since January 2017, while silver sales more than doubled from August to mark an over two-year peak, boosted by lower bullion prices, the mint said on Wednesday. Full Story
By: Chris Mullen, Gold Seeker Report - 2 October, 2018
Gold saw modest gains in Asia before it dipped back to $1189.20 in London, but it then jumped to as high as $1208.30 in late morning New York trade and ended with a gain of 1.14%. Silver rose to as high as $14.908 and ended with a gain of 1.24%. Full Story
– We’ve spent our entire lives in a massive economic anomaly – A growing population gave us fiat money and an exceptionally inflationary five decades – We’ve unleashed the fiat currency genie from the bottle Full Story
By: Chris Mullen, Gold Seeker Report - 1 October, 2018
Gold dropped $7.10 to $1184.60 in Asia before it to jumped up to $1192.10 in London and then fell back off into midmorning in New York, but it then bounced back higher into the close and ended with a loss of just 0.18%. Silver slipped to as low as $14.379 and ended with a loss of 0.89%. Full Story
– Central banks have emerged as some of the biggest buyers of gold this year as reported by the Financial Times – Poland added to its gold reserves last month, buying more than seven tons of gold, which followed its purchase of two tons in July – Poland’s gold buying appears to be the first purchase by a European Union member this century Full Story
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