Gold is currently $1,808 per ounce after shooting up last Friday following comments by Federal Reserve chairman Jerome Powell at the Fed's annual Jackson Hole conference on Friday.
Gold jumped from $1,789 per ounce to a peak of $1,818 before …
Gold News
Welcome to the BullionByPost gold news service. Here we aim to cover all the latest stories affecting the gold and silver markets bringing you the headlines as and when they happen.
After a strong week of trading, the gold price has seen a small rise following the release of the minutes from the latest Federal Reserve committee meeting in the US. The Fed confirmed that its members are moving towards tapering …
Aug. 19, 2021, 6:05 a.m.
Michael Pinson
Both the US and UK have reported further rises to inflation this week, in further signs that central banks may be wrong to claim inflation is just a transitory issue.
The consumer price index for June showed prices have risen …
July 14, 2021, 9:12 a.m.
Michael Pinson
Gold has seen a small boost in price this week following further signs that central banks are once more buying gold. Gold reserve purchases had largely stopped throughout 2020, as central banks focused on the economic toll of Covid-19, but …
July 8, 2021, 4:52 a.m.
Michael Pinson
Gold and silver have both seen steady gains for several weeks now, in a strong rally for precious metals. The gains come as investors turn to safe havens to protect their wealth in what appears to be an increasingly inflationary …
June 2, 2021, 6:22 a.m.
Michael Pinson
Inflation in the United States has risen by 1.2% in the last month to 3.1% overall; the highest recorded levels measured by the core personal consumption expenditures (PCE) index since the early 1990s.
Using the PCE index, Bureau …
May 28, 2021, 12:58 p.m.
Liam Sheasby
Global stock markets are trading at monthly lows this week as resurging Covid-19 infections force more governments to introduce strict lockdowns.
European markets in particular are suffering heavy losses, with major countries like Germany, France and Italy introducing strict measures …
Oct. 28, 2020, 11:34 a.m.
Michael Pinson
With the US election just less than three weeks away, many investors are wondering what impact the vote will have on the gold price, as well as other precious metals. November 3rd will mark a historic day in US history, …
Oct. 14, 2020, 10:32 a.m.
Michael Pinson
Around the world passenger airline industries have been amongst the worst hit businesses from the current Coronavirus crisis. With their planes grounded, some of the largest airlines are facing collapse or require government bailouts in order to keep flying.
In …
June 5, 2020, 10:17 a.m.
Steve Ward
After months of coronavirus lockdowns around the world, investors have flocked to safe haven investments like gold bullion, pushing up the gold price close to the all-time high.
On May 18th gold hit a price of $1,765.55 per troy ounce, …
May 22, 2020, 2:53 a.m.
Michael Pinson
Global stock markets have been hit by the latest coronavirus fears, which based on the latest figures has left 81 dead and over 2,800 people confirmed ill.
Today the …
Jan. 27, 2020, 7:45 a.m.
Liam Sheasby
The price of gold was relatively flat and stable in 2018, ending the year down by 1.5% and recording the first annual decline in gold price since 2015. Gold ended 2018 at $1,280.51 per ounce, having seen highs earlier in …
Jan. 28, 2019, 7:15 a.m.
Liam Sheasby
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New sales figures from the United States Mint show that demand for the 1oz Eagle coins has already surpassed that of January 2018, with 10 days of trading …
Jan. 24, 2019, 10:55 a.m.
Liam Sheasby
Russia has officially overtaken China to rank fifth in the world for the largest central bank holding of gold bullion, with only the US, Germany, France and Italy ahead of it.
Driven by sanctions from the United States and other …
Jan. 23, 2019, 11:07 a.m.
Liam Sheasby
Photograph of Jerome Powell, courtesy of the official US Federal Reserve Flickr account
The Federal Reserve raised US interest rates by 0.25% last night, pushing rates up to a …
Dec. 20, 2018, 5:50 a.m.
Liam Sheasby
After weeks of rapid price growth, the price of Palladium has finally overtaken that of Gold for the first time in the precious metal’s history.
Palladium is currently at 1 106 € per ounce, while gold is at 1 090.69 …
Dec. 5, 2018, 7:38 a.m.
Liam Sheasby
The results of Tuesday's mid-term elections have been coming through steadily today, with the Democrats gaining enough seats for a majority in the lower house of Congress. Before the voting began, many journalists and pundits were predicting a ‘Blue Wave’ …
Nov. 8, 2018, 4:45 a.m.
Liam Sheasby
A Russian coin engraver based in the United States has gone viral overnight for his incredible craftsmanship in converting old Dollar and Nickel coins into collectable pieces of art.
Artist Roman Booteen specialises in engraving American coins and zippo lighters …
Oct. 18, 2018, 7:22 a.m.
Liam Sheasby
The Gold price surged 6% in just three weeks to go over the $1,300 an ounce barrier yesterday, as investors looked to the ‘safe haven’ asset as uncertainty around the world grows. Gold was last above the $1,300 mark in …
Aug. 29, 2017, 11:58 a.m.
Daryl Jackson
The gold price fell sharply overnight after Emmanuel Macron won the first round of the French presidential election, with the National Front’s Marine Le Pen coming second. Gold plunged 2.16% (£-22/oz t) in less than three hours, taking the precious metal's …
June 12, 2017, 7:09 a.m.
Duncan Richardson