Monthly Archives: November 2018
London is a global gold trading hub but most transactions are made in over-the-counter trades between banks, brokers and dealers who have been reluctant to reveal their activity. With regulators pushing for greater transparency, LBMA members have begun reporting trades that settle in London and Zurich, another trading center closely connected to London. “For the […]
This week metals traders will be watching developments around global trade tensions and geopolitical risks, as well as moves in the U.S. dollar, after gold prices moved up more than 1% last week. Safe haven demand for the yellow metal was underpinned following the mounting uncertainty over the outlook for the global economy. December gold […]
Gold prices climbed Friday to tally a 1.2% gain for the week. U.S. and European stock indexes declined and the dollar softened for the week, providing a boost to prices of the yellow metal. December gold was up by $8, or 0.7%, to settle at $1,223 an ounce. Palladium futures, meanwhile, settled at another record […]
New purchase, very original. Not for sale.
Gold futures posted their first climb in four sessions on Wednesday, buoyed by a weaker dollar in the wake of midterm elections that will leave the U.S. with a divided Congress. I view the results as supportive of higher gold prices because the only thing that comes out of a gridlocked Congress is higher spending. […]