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Updated 07:50 13/11/18

October Gold News 2018

31 Oct 2018

Investment bankers Goldman Sachs believe that investor fears are benefitting gold, with increased demand and a sharp rise in the price per ounce of the precious metal already experienced.

The firm is forecasting $1,250 per ounce by the end of the year, and $1,350 by the end of next summer.

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31 Oct 2018

The latest GDP figures from Europe show that growth in the Eurozone has halved, registering 0.2% in the third quarter of 2018 despite being forecast to stay at 0.4%.

Italy and Germany were the big losers in the last quarter, while France reported improved gross domestic product growth.

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31 Oct 2018

Brazil has elected Jair Messias Bolsonaro as its next president, with Hamilton Mourão serving as vice-president. The PSL – Social Liberal Party – led by Bolsonaro won the second round of voting with 55.1%, compared to 44.9% achieved by Fernando Haddad of the Workers’ Party.

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29 Oct 2018

American financial services firm Wells Fargo has said that gold’s recent rally will not last long, suggesting the latest stock market corrections are the only reason behind a gold resurgence. Earlier this month Wall Street experienced heavy losses, with the Dow Jones losing 800 points in one session to have its worst day in eight months.

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18 Oct 2018

A Russian coin engraver based in the United States has gone viral overnight for his incredible craftsmanship in converting old Dollar and Nickel coins into collectable pieces of art.

Artist Roman Booteen specialises in engraving American coins and zippo lighters with unusual designs; often reimaginations of artwork or stories from other famous creatives.

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11 Oct 2018

Global stock markets suffered a domino effect of sell-offs today after a heavy day of losses on Wall Street yesterday, with the Dow Jones losing 800 points to record its worst day in eight months.

The price of gold rose 2.35% in response, from yesterday’s lows of £899.14 per ounce to a high of £924.27 today.

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10 Oct 2018

The CEO of one of the largest platinum mining firms is leading the calls for a new, commemorative platinum coin in honour of the late Nelson Mandela and the centenary of his birth.

Roger Baxter – the CEO of the Minerals Council South Africa – is advocating the platinum coin in the hope it will rival the Krugerrand; one of the world’s best-known gold coins.

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10 Oct 2018

The UK economy registered zero growth in August – below the predicted 0.1% growth rate - but is still up 0.7% in the three months to August, causing a headache for analysts and investors alike as they work out whether the economic slowdown is a natural correction or a sign of worse to come.

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09 Oct 2018

The US 10-year Treasury Bond yield rose today to a seven-year high as the United States approaches full employment and wage growth begins to pick up pace. Investors are concerned that these factors are driving up inflation and that the US economy may reach its limits soon. This caution is deterring investment in Treasury Bonds, which has seen the US Treasury offer better yields.

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08 Oct 2018

Researchers at Harvard University have found that gold particles, attached to an anti-inflammatory agent, may improve the recovery from muscle injuries – offering potential raft of physical therapy treatments for anyone ranging from athletes to the elderly.

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02 Oct 2018

Gold demand could be set to rise in the next decade thanks to the environmental benefits of the precious yellow metal, with gold mining and refining listed as one of the lowest greenhouse gas emissions sources for all metals.

The new information could spark a new wave of demand for investment gold as the drive for environmentally-friendly mining and sustainability in the economy grows.

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02 Oct 2018

The United States, Canada, and Mexico have finally agreed upon a new North American Free Trade Agreement after months of negotiations and resistance against concessions from all sides.

The deal, known as the US Mexico Canada Agreement (USMCA), will be signed in November by Presidents Trump, Trudeau, and Nieto.

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