The news of Britain voting to leave the EU hit markets unexpectedly, with foreign exchange markets in particular having priced in a “remain” vote, the GBP plunged from a one year high by close of play yesterday to a 30 year low as markets opened today. Stock markets across Europe were equally volatile, with indices […]
Historically, gold has been the safe haven of choice for investors battling stock market volatility, which makes it all the more surprising that the Bullion Vault price of gold dropped from more than €43,000 per kilo to just over €31,000 per kilo by the end of 2015. But with stock market volatility on the rise […]
During 1Q16, physical demand for gold declined 23.8% compared to 1Q15 according to GFMS (1025 tonnes Vs 781 tonnes) yet gold prices rallied 22% – res ipsa loquitur. Gold’s gain year-to-date is impressive – not to say exceptional – and gold bugs will heave a sigh of relief that it has behaved as it should […]
Ross Norman, CEO of Sharps Pixley, the London based bullion broker that is part of the Degussa Goldhandel group, has said that gold is set to average $1,321 through 2015 as factors revive demand for the physical metal. According to the broker’s forecast, prices will vary from a low of $,1170 to a high of […]
Ross Norman, CEO of London based bullion broker Sharps Pixley, says the arguments in favour of the London gold fix remain sound, despite the change that has just hit the silver market. The Chinese expression “Real gold is not afraid of the melting pot” suggests that if you have genuine quality, then you will not […]
London based precious metals broker Sharps Pixley is citing analyst notes from Citigroup and Morgan Stanley, among others, suggesting that the price of gold will continue to drop in the wake of the latest Fed taper decision.
Gold futures on the Comex have continued to rise since a trough seen on 27 June, with a sharp rise in the VIX ‘fear index’ seen as a factor in the past week as concerns grow around Syria and the impact on crude oil futures.
London precious metals broker Sharps Pixley says that the price of gold is likely to remain sensitive to US macro data, making the FOMC meeting of 31 July particularly important.
With gold surging on the US Comex by 3.33% on Monday, its biggest daily percentage change in a year, precious metals dealer Sharps Pixley says investors should beware being caught short.
Precious Metals broker Sharps Pixley has identified rising exports to China and analysis by Citi as reasons why the gold price could stage a recovery.
Gold broker Sharps Pixley says the gold market is awaiting data next week from the US, including the latest Federal Reserve interest rate decision, and CPI numbers.
While investors in gold ETPs continue to rotate out, buyers of physical gold keep buying more, setting the market up for a continued struggle between those willing to buy physical stocks and those less willing to invest in gold backed securities, says precious metals broker Sharps Pixley.