10 October 2022The week opened with precious metals and equities all turning lower in initial Asian and European trade as the new week commenced. Markets are waiting on new U.S. CPI data due out Thursday which could set the tone going forwards, but Fedwatch sentiment still suggests a 75 basis point rate increase at the next FOMC meeting in early November.
28 September 2022The gold price is still showing signs of weakness in the face of U.S. dollar strength in international currency markets, but there is a sense that the U.S. Fed may shortly have to slow its aggressive interest rate raising moves in order to protect the U.S. economy from a recessionary meltdown.
27 September 2022The gold price may well be declining in U.S. dollars, but not so in many other currencies where perhaps undue dollar strength means the gold price has actually been increasing - and a good example is the UK where the gold price has risen 13% year to date, It has risen by a similar amount in the Japanese Yen and 9% in the Euro. It's an ill wind.....
23 September 2022We have now had rate increase decisions from the U.S. Fed and the Bank of England - respectively of 3/4% and 1/2% - and the markets and currencies have reacted accordingly. It looks like the major economies are certainly headed for, if not already in, recession, and markets are reacting accordingly. The dollar is surging and even precious metals prices are suffering.
22 July 2022Wednesday saw gold and silver prices fall to their lowest levels in around two years from which they have both rebounded in the past couple of days. Equities and bitcoin have both also improved despite continuing high inflation and the likelihood of global recession, Where do they all go from here?
10 June 2022Specialist precious metals consultancy, Metals Focus, has produced its 100 page plus 2022 Gold Focus report covering all aspects of gold supply and demand worldwide. Here we focus on the world's top gold producing nations, plus comments on the consultancy's outlook for the yellow metal over the remainder of the year
22 April 2022As anticipated Russia has not announced any details of changes in its gold reserves despite having announced that its central bank will be adding to them again, It is undoubtedly using gold to help finance its war efforts in ukraine where its military equipment losses appear to have been very substantial/
21 December 2021The Russian 100,000 ounce addition to its gold reserves in October was reversed in November with a similarly sized withdrawal. Meanwhile it could be surreptitiously building its gold reserves through additions into it National Wealth Fund.
23 May 2021The latest data from the Russian central bank on its forex reserves shows that the nation sold another 3,1 tonnes of gold in April, but this amount is very small in relation to total reserves and meanwhile the WGC reckons that central bank gold buying will remain positive in 2021
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