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POPULAR NEWS
Gold Advances as German Talks Fail, U.S. Tax Weighed

Gold holds near one-month high as talks on forming German government collapse, pummeling euro and boosting haven demand. Investors also assessing uncertainty over U.S. tax reform ahead of release of Fed meeting this week. Bullion for immediate delivery as much as +0.2% to $1,294.88/oz, before trading at $1,292.60 at 9:26am in Singapore: Bloomberg generic pricing. Source : Bloomberg

Gold Gives Up Early Gains, Tracking Volatile Euro-Dollar Amid German Political Uncertainty

Gold eased Monday, giving up early gains seen amid German political uncertainty. Relative stability for the euro as Monday™s trading session progressed helped the shared currency against the dollar, dulling some of the early demand shown for the haven metal. Gold may consolidate short term after prices rallied Friday to a more than one-month high. The metal tacked on nearly 1.8% for last week, as the latest developments in the investigation into Russia™s interference in the U.S....

GBP/USD - Recovery Continues, Focus on German Politics and Brexit

GBP/USD has recovered more than 50% of its intraday losses but is struggling build momentum above 1.32 levels. The collapse of the German coalition talks and the resulting action in Asia (weak EUR, GBP) clearly indicates that investors fear "all major decisions, including Brexit negotiations" could be put on hold till the situation in Germany is sorted out. Thus, GBP could remain under pressure in Europe. The data calendar is light, but BoE Deputy Governor David Ramsden, who voted against...

Japanese Stocks Drop After Yen Advances Amid U.S. Tax Wrangle

Japanese stocks fell after the yen posted the biggest weekly gain against the dollar in more than two months as the U.S. Congress wrangled over tax reform plans. The Topix index declined after the benchmark completed its worst week in seven months, following a slide in U.S. equities on Friday. Banks dropped after U.S. 10-year Treasury yields fell, while electronics makers contributed the most to the Topix™s retreat. The yen strengthened against the euro as German Chancellor Angela...

Euro Shrugs Off German Impasse as Stocks Struggle

The euro reversed early losses as investors judged the failure of German Chancellor Angela Merkel™s coalition talks unlikely to harm the outlook for the region™s economy. German stocks remained lower with European peers, however. The dollar was little changed and Treasuries nudged higher. The Bloomberg Dollar Spot Index increased less than 0.05 percent. The euro rose 0.1 percent to $1.1798, the strongest in almost four weeks. The British pound climbed 0.4 percent to $1.3264, the...

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'Real' Gold Bull Market Is Coming, It Just Needs This First - Pierre Lassonde
Tuesday, 24 October 2017 10:58 WIB | GOLD CORNER |Gold OutlookGold Corner

Gold prices will only go up, rising as high as $1,400 next year, but the œreal bull market won™t get going until it sees an actual pickup in inflation, said mining magnate Pierre Lassonde.

œFor gold to get into the next real bull market we need signs of inflation. So far we haven™t seen them, the chairman of Franco-Nevada told German newspaper Finanz and Wirtschaft.

œThe Federal Reserve and other central banks have piled up huge reserves. But there is no inflation because the money is sitting within the banks and they are not lending it. Therefore, you don™t get a multiplier effect.

But, inflation could accelerate soon enough, with both reconstruction following the damage caused by hurricanes Irma and Harvey in the U.S. as well as a recovery in Europe moving the needle in the right direction, he said.

This year, Lassonde sees prices remaining between the $1,250-1,350 range and then rising up to $1,400 an ounce next year.

The only direction gold prices are likely to go is up, Lassonde noted in the interview, warning that production continues to decline, putting upward pressure on the yellow metal.

œIf you look at the last 15 years, we found only very few 15 million ounce deposits. So where are those great big deposits we found in the past? How are they going to be replaced? We don™t know. We do not have those ore bodies in sight, he said.

One of the reasons for that was that not enough money is being dedicated to exploration, Lassonde highlighted.

œThe thing with this industry is that you have to have an incredible amount of patience and you have to have money. And right now, it™s hard to get money. The risk appetite of investors has been gone for many, many years, he stated.

Source: Kitco News

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POPULAR NEWS
Gold Advances as German Talks Fail, U.S. Tax Weighed

Gold holds near one-month high as talks on forming German government collapse, pummeling euro and boosting haven demand. Investors also assessing uncertainty over U.S. tax reform ahead of release of Fed meeting this week. Bullion for immediate delivery as much as +0.2% to $1,294.88/oz, before trading at $1,292.60 at 9:26am in Singapore: Bloomberg generic pricing. Source : Bloomberg

Gold Gives Up Early Gains, Tracking Volatile Euro-Dollar Amid German Political Uncertainty

Gold eased Monday, giving up early gains seen amid German political uncertainty. Relative stability for the euro as Monday™s trading session progressed helped the shared currency against the dollar, dulling some of the early demand shown for the haven metal. Gold may consolidate short term after prices rallied Friday to a more than one-month high. The metal tacked on nearly 1.8% for last week, as the latest developments in the investigation into Russia™s interference in the U.S....

GBP/USD - Recovery Continues, Focus on German Politics and Brexit

GBP/USD has recovered more than 50% of its intraday losses but is struggling build momentum above 1.32 levels. The collapse of the German coalition talks and the resulting action in Asia (weak EUR, GBP) clearly indicates that investors fear "all major decisions, including Brexit negotiations" could be put on hold till the situation in Germany is sorted out. Thus, GBP could remain under pressure in Europe. The data calendar is light, but BoE Deputy Governor David Ramsden, who voted against...

Japanese Stocks Drop After Yen Advances Amid U.S. Tax Wrangle

Japanese stocks fell after the yen posted the biggest weekly gain against the dollar in more than two months as the U.S. Congress wrangled over tax reform plans. The Topix index declined after the benchmark completed its worst week in seven months, following a slide in U.S. equities on Friday. Banks dropped after U.S. 10-year Treasury yields fell, while electronics makers contributed the most to the Topix™s retreat. The yen strengthened against the euro as German Chancellor Angela...

Euro Shrugs Off German Impasse as Stocks Struggle

The euro reversed early losses as investors judged the failure of German Chancellor Angela Merkel™s coalition talks unlikely to harm the outlook for the region™s economy. German stocks remained lower with European peers, however. The dollar was little changed and Treasuries nudged higher. The Bloomberg Dollar Spot Index increased less than 0.05 percent. The euro rose 0.1 percent to $1.1798, the strongest in almost four weeks. The British pound climbed 0.4 percent to $1.3264, the...

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