September Gold News 2017

The gold spot price fell by just over 1% in an hour on Thursday afternoon, after the Bank of England kept interest rates on hold, but warned that an increase was likely if inflation continues to surge.   Gold dropped to its lowest level for more than a week to £990.65 t/oz from a high of £1,004.74 on Thursday afternoon.

It’s thought that a rise in inflation could send gold prices down as currencies become a more attractive proposition.   

Minutes of the latest meeting of the monetary policy committee (MPC) showed a 7-2 vote in favour of no change ...

Read more...

Gold prices reached their lowest in over a week on Tuesday.  Spot gold slipped 0.1 percent to $1,325.11 an ounce after earlier touching its lowest since September 1st at $1,322.85.

The metal fell 1.4 percent in the previous session, its biggest one-day percentage decline since early July.

The price of gold has certainly rallied of late climbing from levels under $1,212 an ounce in July to as high as $1,342.90 this week, touching its highest levels in around a year.

Check the gold price here

It has been widely assumed that the increase in investors turning to the precious metal and the price is directly linked to the ever-increasing tensions in North Korea.  However, that is not what is boosting the precious metal according to a note released by Goldman Sachs on Tuesday.

According to the bank, uncertainty inspired by President Donald Trump has boosted the yellow ...

Read more...