29 June 2021The Basel III accord came into play on Monday for the European banking sector (with the exception of the UK where the accord is not due to be implemented until the beginning of 2022). Some initial expectations that this would have a major impact on precious metals markets has not occurred, although it is early days yet.
27 June 2021The Basel III banking accord is due to come into force for EU banks on June 28th, although there have been considerable delays on this implementation in the past, and UK banks have until January next year until they are subject to it. Some analysts think this could have a significant effect on gold and silver prices and bring an end to any manipulation of precious metals prices in the futures markets. We prefer to remain neutral on the prospective outlook.
22 June 2021Another take-away from the latest Metals Focus Gold Focus 2021 report tabulates the world's top gold mining companies and mines and comments on the likely profitability of these mining companies at current, and higher, gold prices.
21 June 2021The latest Metals Focus Gold Focus 2021 annual analysis assesses country by country gold output in 2020 and its projections for the current year show that peak gold is still elusive, but remains on the near horizon.
07 June 2021Latest gold withdrawal figures from the Shanghai Gold Exchange for May show that demand this year to date remains substantially stronger than in the first five months of the Covid-hit 2020, but they still remain well below equivalent data for 2019.
02 June 2021After a brief hiatus, the gold price crawled back above $1,900 an ounce on Wednesday and silver regained the $28 level. It looks as though the rapid precious metals price progress we saw in May may not be maitained in June, although portents still look favourable for gold and silver
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