Tag Archives: Daily Market Update

– Trump Cancels Historic Summit with North Korea – US 10-Year Falls Below 3%, Gold Jumps Back Above $1300 – “Inflation Overshoot Could Be Helpful” – Latest FOMC Minutes– Gold Demand in Turkey as Lira falls sharply, true inflation near 40%– EU Crisis Looming as Italy Plan Outright ‘Money Printing’ with ‘Mini-Bots’– Silver Trading in Tight $1 range, Pressure Building for a Breakout Weekly Report by Daniel MarchEditor...

by Ambrose Evans-Pritchard, Daily Telegraph Firebrand populists of Left and Right are poised to take power in Italy, forming the first “anti-system” government in a major West European state since the Second World War. Leaders of the radical Five Star Movement and the anti-euro Lega party have been meeting to put the finishing touches on a coalition of outsiders, the “nightmare scenario” feared by foreign investors and...

Gold Looks A Better Investment Than UK Property Dominic Frisby of Money Week looks at the historical relationship between UK house prices and gold (including some great charts), and concludes that your money is better off in the yellow metal than bricks and mortar. Today we return to a subject that has been a favourite of mine over the years: UK house prices – but with a twist. We don’t consider them in the debased,...

Global demand for gold is increasing while new discoveries of gold remain small Gold mining output in Australia is forecast to decrease by 50% in the next eight years Decline in global gold mining supply makes a price increase almost certain The demand for gold is increasing, yet new discoveries of the precious metal have not kept pace with the demand. Funds for exploration are historically high, $54.3 billion, up 60...

Iran’s gold demand will probably be “strong” for the next few months and then gradually decline as U.S. sanctions start to take effect, according to the researcher who covers the country for Metals Focus Ltd. After a previous set of sanctions was imposed on Iran in 2012, it took two years for the country’s gold demand to start falling, according to data from the World Gold Council. It sank to only 45.1 tons by 2016, the...

Halifax index shows property values plunged 3.1% in April Less volatile three-month measure also shows a decline U.K. home prices plunged the most in almost eight years in April, adding to signs of weakness in Britain’s property market. Values dropped 3.1 percent from March to an average 220,962 pounds ($299,140), mortgage lender Halifax said in a report Tuesday. That’s the biggest drop since September 2010. While that...

We could be heading for a golden age – or a return to the 1970s The cost to the US government of borrowing money for a decade came within sniffing distance of 3% yesterday. The US ten-year Treasury yield is sitting at 2.96% as I write this morning, having got to 2.99% yesterday. Does this really matter? After all, 3% is just another number. On the one hand, you’d be right to think that. On the other, it’s not so much...

U.S. Mint American Eagle gold coin sales collapse to weakest April since 2007 giving contrarian value buyers another buy signal Sales of U.S. Mint American Eagle gold coins dropped to their weakest April since 2007, while silver coin purchases for the month rose 10 percent higher than last year, U.S. government data showed on Monday. The U.S. Mint sold 4,500 ounces of American Eagle gold coins in April, down 25...

Gold Price Gains Due To Declining Dollar Rather Than Interest Rates – Investors should not be put off by higher interest rates, World Gold Council research finds they do not always have a negative impact on gold – Only short-term movements in gold are ‘heavily influenced by US interest rates’ – Correlation between US interest rates and gold is waning, with US dollar a better indicator of short-term gold price – New...

– London house prices fell by 3.2% in the first quarter – Halifax – Brexit, financial and geo-political uncertainty lead to falls– Excluding sale of seven £10m-plus houses in London, prices were down 3.4% in the year– UK house prices climb by just 0.4% in April, the slowest increase since 2008 for same period– Sales transactions fall by 19% and asking versus selling prices show turning into buyers’ market– Homeowner or...