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Updated: 22:28 23/05/22

November Gold News 2017

30 Nov 2017

Overnight Wednesday, pound Sterling reached a 2-month high against the US Dollar of 1.3390. The rise came as glimmers of light appeared at the end of the seemingly interminable Brexit tunnel. The Guardian along with other papers reported the hopes of progress, stating, "The UK has bowed to EU demands on the Brexit divorce bill in a move that could result in the UK paying £50bn to Brussels, in an attempt to get France and Germany to agree to move negotiations to trade." However, Prime Minister May refused to confirm the stories. EU leaders have given her until Monday to ...

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29 Nov 2017

In defiance of international sanctions and warnings from around the world, including its closest ally China, North Korea has resumed its missile testing. Fired at 3 a.m. local time, 11 a.m. UK, on Wednesday, from a mobile launcher in South Pyongan Province, the Hwasong-15 missile rose up to 2,800 miles above the earth, travelled nearly 600 miles and fell into the sea 130 miles west of Japan.
Veteran North Korean presenter Ri Chun Hee, the traditionally dress, threatening face of North Korea's TV, joyfully claimed the test confirmed North Korea was now a nuclear state, capable of reaching "any part ...

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28 Nov 2017

Under the Trump administration diplomatic fall outs between the US and other nations continue to escalate. Relations between Russia and the US have never been easy but the growing differences with, traditional ally and fellow NATO member, Turkey is something new.

The latest issue to divide the US and Turkey is the Zarrab case. Turkish-Iranian businessman, Reza Zarrab, is accused of laundering money and helping the Iranian government circumvent US sanctions. A spokesman for the Erdoğan government said "The Zarrab case aims to damage Turkey's ties with Iran, Russia and other countries,” the spokesman went on, “[This] is a clear ...

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02 Nov 2017

- The vote to leave the EU IS hurting the economy.

-  Expect Interest Rates to rise further.

-  The pound falls against the dollar on the rate rise news.

UK interest rates have been increased for the first time in over 10 years.

The Bank of England voted to raise rates from 0.25% to 0.5%.

Many millions of Britons have never experienced an interest rate rise in their adult lives, with borrowing costs languishing at historic lows since the 2008 financial crash.

The Bank of England has also ...

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