The result of the Scottish independence referendum was announced early this morning, with 55.3% of voters wanting to stay in the United Kingdom (UK) and 44.7% wanting Scotland to become an independent nation.
19 September, 2014
18 September, 2014
The silver price has remained subdued this year, falling just less than 5% year-to-date, and is now near a 14 month low. Naturally, investor psychology has been affected by the price weakness.
Quoted today in Bloomberg News, Mark O’Byrne, director of GoldCore said that “sentiment remains quite bad in the silver market.”
17 September, 2014
The U.S. financial position continues to deteriorate badly and in the last 12 months has increased by over $1 trillion dollars.
16 September, 2014
Today September 16, 2014 at 1300 EST, 6pm BST > See here
The Death Of The Indian Gold Market Has Been Greatly Exaggerated
15 September, 2014
“I Want To Be Diversified, I Want To Own Some Gold” - Faber
12 September, 2014
There is now less than one week of campaigning remaining before the Scottish Independence Referendum, which takes place next Thursday, September 18.
The pro-union ‘no’ vote campaign is back in the lead this week after the latest opinion poll from pollsters YouGov put them at 52%, marginally ahead of the pro-independence ‘yes’ campaign.
11 September, 2014
China Gold Congress in Beijing
The China Gold Congress is currently in full flight in Beijing. The three day Congress is China’s biggest gold industry event of the year, drawing in participants from across the Chinese and international gold sectors including central banks, mining companies, bullion banks and refiners.
10 September, 2014
Russia And Iran Put Oil-For-Goods Deals Into Motion As Iran Signals Similar Arrangements Coming With China
Russia-Iran Oil-for-Goods Contracts Representatives of the Russian and Iranian governments met in Tehran yesterday for the 11th meeting of the Iran-Russian Trade Council, where details of a ground breaking oil-for-goods swap between the two heavily sanctioned countries were revealed.
9 September, 2014
Macro Factors Dominating Gold Price As US Dollar Outweighs Physical Demand And Investor Flows With gold trading in a narrow range below $1,300 and remaining relatively weak, it is worth pausing at this juncture to look at the combination of factors that are affecting its price formation.
8 September, 2014
As ISDAFIX Becomes Next LIBOR, Can GOFO Manage To Avoid The Spotlight? In the wake of the recent LIBOR benchmark interest rate rigging scandal and successful prosecution of a number of global investment banks for participating in LIBOR manipulation, a new interest rate rigging scandal is gathering steam.
5 September, 2014
Every once in a while a new idea blasts onto the scene out of nowhere -- typically it is at first met with suspicion and distrust. If it has merit, it can start to become disruptive and awkward for incumbents, let's call them the “Safe Guys”. Safety and security are heralded as reasons why the new idea should be ignored.
4 September, 2014
ECB Meets in Frankfurt
As the Governing Council of the European Central Bank (ECB) convenes today in Frankfurt for its monthly policy meeting, markets are focusing on how the ECB will signal the initiation of its quantitative easing (QE) programme which is aimed at countering deflationary forces in the Eurozone.
3 September, 2014
Scotland Independence Risk Sees British Pound Dive
Sterling fell sharply yesterday as traders became nervous of a possible vote for Scottish independence. The referendum on Scottish independence from the United Kingdom takes place on Thursday 18th September.
2 September, 2014
3 Important Gold Charts - Transparent Holdings Fall As Bullion Goes East To Russia and China
1 September, 2014
Palladium Breaks Multi-Year High Over $900; Russian SWIFT Payment Ban Proposed By UK
The palladium price made a new 13 year high today and reached $909/oz, its highest since February 2001. Markets fear that the global supply of palladium could be impacted by the threat of further sanctions against Russia.
29 August, 2014
Last week, a very radical proposal appeared in the pages of the influential ‘Foreign Affairs’ magazine, the publication arm of the equally influential Council on Foreign Relations (CFR) think-tank based in New York.
28 August, 2014
- Upcoming Swiss vote on gold repatriation could lead to gold repatriation from Bank of Canada
- Bank of Canada only acts as gold custodian to four foreign central banks
- Switzerland, the Netherlands and Sweden say they hold gold in Ottawa
- Bank of Canada no longer a major gold custodian; Canada has virtually no gold reserves
27 August, 2014
Gold Shines Most in September on Seasonal Buys: Bloomberg Chart of Day
Gold investors hurting from prices within 1% of a two-month low can find solace from the historical record and research and showing gold performs best in September.
26 August, 2014
Gold bars in a vault in West Point, N.Y. (Associated Press) Or are they?
The IMF’s latest international gold reserves data, updated yesterday, shows that in July, Russia raised its official gold reserves to 35.5 million ounces (1,104 tonnes).
25 August, 2014
Today’s AM fix was USD 1,281.00, EUR 965.12 and GBP 772.29 ounce. Friday’s AM fix was USD 1,280.50, EUR 965.03 and GBP 772. 32 per ounce.
Gold climbed $3.10 or 0.24% to $1,280.40 on Friday and silver rose $0.01 or 0.05% to $19.38 per ounce.