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Updated 19:58 22/04/19

Gold News News aims to keep you up to date with the latest stories and headlines affecting the gold market as and when it happens.

08 Apr 2019

China has added to its national gold reserves for the fourth consecutive month according to the latest figures issued by the People’s Bank of China.

Monthly figures from the bank disclosed an additional 11.2 tonnes had been bought by the Chinese government – an extra 360,000 troy ounces of gold bullion.

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03 Apr 2019

International stock markets have reached a six-month high point this week. Fresh data put the MSCI All-Country World Index up by 1.1% to 514 points - its best position since last October.

Positive talks and progress between the US and China over trade triggered stock market gains last week and saw a return of optimism to trading, with gains made on the FTSE, Dow Jones, Nikkei and Shanghai exchanges.

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25 Mar 2019

The US Treasury 10-year bond notes have officially fallen to a lower yield rate than the 3-month bond notes – the first inversion between these particular bonds since 2007.

The fiscal anomaly is usually an early indicator of recession, and last Friday also say the 3-year bond notes invert against 1-year bonds, with the latter yielding 2.46% compared to only 2.26% for the 3-year bonds.

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14 Mar 2019

The Office for Budget Responsibility downgraded its growth forecast for 2019 yesterday from 1.6% to 1.2%, in line with the Chancellor’s Spring Statement.

The OBR pointed to the global slowdown and a degree of knock-on effect from Brexit as causes for the economic slowdown but highlighted a much better performance over the next five years.

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08 Mar 2019

The price of gold has risen to £997.75 per ounce – up from £977.89 yesterday – following news from the European Central Bank that the Eurozone will experience even weaker growth this year.

Yesterday the European Central Bank announced that they were cutting their growth forecast for the Eurozone in 2019, with the ECB president Mario Draghi stating that there would be no increases in interest rates this year and that the ECB would reintroduce cheap loans for banking institutions as a stimulus package for the continent.

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06 Mar 2019

The UK economy faces recession in the event of a no-deal Brexit happening this year according to the Organisation for Economic Co-operation and Development.

The OECD has downgraded the UK’s growth for 2019 to just 0.8% (down from 1.4%), at the same time that IHS Markit has reported confidence levels have hit the lowest since both the Brexit referendum result in 2016 and the financial crisis in 2008/09.

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01 Mar 2019

Romania is the latest country to hit the headlines following a proposed parliamentary bill from the Social Democrat leader Liviu Dragnea and PSD senator Serban Nicolae, who are pushing for the National Bank of Romania to bring the majority of the nation’s gold reserves back to the country from the Bank of England.

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27 Feb 2019

The price of gold has dropped below £1,000 per ounce in the past 24 hours as the Pound climbed to a stronger position against both the US Dollar and the Euro, fuelled by fresh investor confidence following Theresa May’s concessions yesterday over a possible Brexit delay.

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18 Feb 2019

The United States of America now boasts a staggering $22 trillion debt – more than the USA’s entire annual economic output. $1 trillion additional debt was added to the economy in just 11 months, and $3 trillion has been added since February 2016.

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