Record inflation for Germany
Inflation in Europe's largest economy rose to 7.4% for April according to the latest figures from Destatis – Germany's federal statistical office. This makes it the highest level since unification.
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.
China's CSI 300 suffers biggest fall since Feb 2020
China's premier stock market the CSI 300 suffered a 4.9% fall today following the Chinese government's decision to begin mass testing residents in the nation's capital.
Slight drop for Eurozone inflation - but rate rises still expected
Market analysts are forecasting three 0.25 point rises to the Eurozone’s interest rate in 2022, in response to hawkish comments from policy makers within the ECB. This is despite the latest revision of Eurozone inflation.
CAC40 falls as Le Pen polls ahead of Macron for first time
France's chief stock market, the CAC40, has been in decline for the past five days as opinion polls surrounding the upcoming French Presidential Election put far-right candidate Marine Le Pen a fraction behind incumbent Emmanuel Macron in the second-round runoff for president.
US Treasury stops Russia bond payments via American banks
The United States Treasury has blocked access for the Russian government to use US banks for bond payments, forcing Russia to either pay in dollars from its own reserves or to default.
Defaulting would anger investors who have previously dealt with Russia, and would further damage their already-deteriorating reputation globally.
Gold and silver volatile on rising tensions in Europe
Gold and silver have seen volatility so far this week on growing tensions over Ukraine and Russia. Increasing rhetoric and warnings of a potential invasion have spooked stock markets, and spurred safe haven buying from investors.
Ireland backs gold: Central bank adds 2 tonnes to reserves
The Central Bank of Ireland has added 2 tonnes of gold to its reserves this year, with gold purchases in September and October.
Fed's caution a boost for gold as dollar slips
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 price on the rise as Fed ramp up talk of tapering
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.
US and UK CPI inflation continues to rise
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 by 5.4% year on year in the US, the highest …
Central banks resume gold reserve buying
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 there are increasing signs that purchases have resumed.
Gold has …
Gold holding at $1,900 per ounce as inflation fears rise
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 market.
Gold has been making gains each week now since …
US inflation jumps to 3.1% - highest since 1992
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 of Economic Analysis reported inflation at 1.9% at the end …
Stock markets slump as lockdowns loom
Global stock markets are trading at monthly lows this week as resurging Covid-19 infections force more governments to introduce strict lockdowns.
US election 2020: What could happen to the gold price?
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, no matter who wins, and each could have their impact on precious metal prices in the next four years.
European airlines crippled by coronavirus
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 contrast, many cargo carriers have never been busier. This is …
The “biggest economic shock in living memory” sees US investors turn to gold
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, the highest it has been since 2012. The near-record spot …
Coronavirus fears knock global markets as Asia goes into lockdown
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.
Gold in 2018: Down in Dollars but record-breaking year for most currencies
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 the year of $1,360 per ounce, but the strong US …
US Mint sales bounce back with bumper January
.
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 still to be accounted for.
Sales between January 7th and …
