Actualités des marchés
08/12/2019 | Gold Regains $1500 as Fears Continue over US-China Trade War & Escalating Hong Kong Protests, while Comex Records the 2nd Biggest Bullish Bet in 13 Years
GOLD PRICES rose back over $1500 per ounce as Hong Kong airport authorities cancelled flights over anti-government protests while concerns still mount over a prolonged US-China trade dispute, writes Atsuko Whitehouse at BullionVault.
Spot gold increased by 0.6% to $1506 per ounce this Monday lunchtime, the Dollar Index – a measure of the US currency's value versus its major peers – edged higher 0.05%, while the yield on 10-year US Treasuries fell six basis points to 1.69%.
Hong Kong’s Airport Authority has cancelled...Read more
It has been more than three years since the demand for gold reached such a level. This is the demand from investors as well as that generated by Central Banks who have embarked on a frenzied race to accumulate the yellow metal.
This accumulation is such that the Washington Agreements signed in 1999 have not been renewed this year. As a reminder, these limited the resale of physical gold by the Banks to 400 tons per year. However, sales are so anecdotal that the provisions of the agreement were almost obsolete.
Since 1999, the Washington Agreement has limited Central Bank gold sales, which is ending this year. Will such a decision have an impact on gold prices? These have already reached six-year highs and will also be supported by the evolution of the key interest rate, if the Fed decides to lower it, which is expected.
The Washington agreement came into being following a management error by the UK Central Bank. It had resold a significant portion (nearly half) of its gold stock while gold prices were close to historic lows. At the time, the yellow...Read more
Stock exchanges rise before Fed rate cuts.
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Today, 26/07/2019, at 13:44: Gold prices rebounded Friday against yesterday's decline in the London market, to move towards a small weekly gain in almost all major currencies except the US dollar and the Chinese yuan. Global stock markets climbed after new historical intraday records on Wall Street.
Gold prices returned Wednesday in London to last Friday's closing level of $ 1,425 an ounce, while silver prices have kept their leap to 13-month highs despite the publication of even weaker economic indicators.
[Why are these items important and impact gold prices?]
Sales of new homes in the United States fell short of analysts' forecasts, according to publications on Tuesday. The indicators for manufacturing activity from Germany are also disappointing, with the July PMI reading at 43.1, the worst contraction rate...Read more