11 December 2021With the latest CPI figure suggesting a 6.8% annual inflation rise - the highest for around 40 years - the Fed will be under pressure to implement interest rate rises more aggressively at the FOMC meeting in a few days' time. This could prove to be negative for precious metals should this be the case.
05 December 2021Not a good week for gold, which ended the period close to where it had started it, despite some storng up and down movement in between, Bitcoin also saw a huge down and up movement on Friday which volatility may well reduce its attraction as a wealth protection alternative to gold
21 November 2021The latest gold export figures for October released by the Swiss customs authorities, show that China has resumed its position as the No.1 importer of Swiss gold refinery output, followed by India and Hong Kong.
10 September 2021A recent Golden Wedding party has caused me to reflect on gold as being built into our psyche as synonymous with money and wealsth in many cultures around the world and is hugely relevant to the yellow metal's ongoing, and ever continuing, place as a store of wealth as our fiat currency systems deteriorate in purchasing power, and in many cases collapse altogether.
27 August 2021Despite a shortlived foray back above the $1,800 level in Europe this morning, the gold price will likely not find direction until after U.S. Fed chair Jerome Powell releases his much-anticipated Jackson Hole statement later tody.
20 August 2021The U.S. and British military withdrawals from Afghanistan demonstrate the fragility of the current world order as we know it and could hugely benefit gold investment as hatches are battened down against stormy times ahead
20 July 2021The current week started with across-the-board falls in most assets, with the notable exception of gold and the U.S. dollar, which both seem to be sticking to their safe have attributes.
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.
23 June 2021The May figures for Swiss gold exports have now been released and show that China and Hong Kong combined were by far the largest recipients of refined Swiss gold that month, but that combined total was lower than in the previous month. Indian gold imports, however, appear to have fallen drastically, which could be due to higher global gold prices that month and the massive impact of the COVID-19 virus pandemic in that highly populated nation.
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