Gold still steady as silver tests $21 The major news in the precious metal markets this week is not as significant for the gold market as might appear at first sight. This is the statement from the U.K. Government on Sunday 26th June that, during the G7 Summit underway in Germany, there would be an […]
Gold — A short-lived recovery after the speculative clear-out — US potentially freezing Russia’s gold reserves
With the Fed March meeting now out of the way, geopolitics has been the primary focus of the markets over the past week – although the increased hawkishness from Chair Jay Powell and other members of the Federal Open Market Committee (FOMC) at the start of last week, only a couple of days after the […]
Gold – reached to within a whisker of the record
The invasion of Ukraine had been expected by many in the markets and this would tend to suggest that those who intended to use gold as a risk-hedge might well have been positioned days or weeks before the invasion itself, which was 24th February. Gold clearly did rally on the day of the invasion, although […]
Gold treading water, but with an upward bias
Gold has traded in a narrow range since our comments of a fortnight ago, with a low LBMA afternoon auction price of $1,733.75 and a high of $1,774.45, just 2.3%. On an intraday basis the range is obviously wider, between $1,722 and $1,770. The change over the period (LBMA auction price basis) was minimal, a […]
Weekly markets round-up for Coininvest
Welcome to a very brief overview of the recent performance in the markets. The essentials are captured in the table below and each week we will show a chart of interest. We have written before about the role of gold as an investment not just within professional circles, but at the retail level. Breaking down […]