Gold sales soar following UK snap election decision
Physical gold sales soared on Tuesday after UK prime minister Theresa May called a snap general election, according to The Pure Gold Company.
Gold
-
-
Ex-financial adviser given maximum 15-year bankruptcy order
A former financial adviser has been handed the maximum bankruptcy order of 15 years for acting in the management of a company while he was subject to a lengthy director’s ban.
-
Forecasts frustrated by too many unknowns
Caution should prevail while economists struggle with forecasts in a climate of too many unknowns, according to François Duhen, chief economist and strategist at Swiss banking group Crédit Mutuel-CIC.
-
Markets shake off Trump triumph, but long-term risks loom
The surprise US election victory by Donald Trump has greatly increased uncertainty, yet asset prices are now back at similar levels as just a couple of days ago when a Clinton victory looked more likely.
-
Gold miners surge as Trump risk lifts commodity optimism
Gold jumped as much as $75 (£60, €68) an ounce on Wednesday, while gold miners surged as investors watched Donald Trump edge ever closer to the White House.
-
US investors turn to gold as US election looms
New US investors in gold increased by 81% over the month of October as the price of bullion fell to its lowest level since April at $1266 per ounce.
-
Gold alternatives in the post-Brexit world
With gold having been one of 2016’s most popular defensive strategies against persisting low returns and the struggle for income, Legal & General Investment Management’s multi-index fund range manager Justin Onuekwusi outlines four alternatives to gold for the post-Brexit world.
-
Excess liquidity ‘likely to constrain growth’ for years
Tilney Bestinvest’s Gareth Lewis advocates a cautious approach in the wake of Brexit and the continuing low interest rates and quantitative easing climate, with investment in gold proving a successful option.
-
ANALYSIS: A double-take on gold funds
George Cheveley, manager of the Investec Global Gold Fund, details his structured, two-pronged approach, while Ani Markova, head of the Smith & Williamson Global Gold Fund, describes her fund’s long-term strategy. Chelsea Financial Services’ managing director Darius McDermott offers a neutral viewpoint.
-
Former US baseballer becomes unlikely financial adviser
Controversial former US baseball star Jose Canseco has developed something of a cult following after several of his contrarian market predictions have come true.
-
ANALYSIS: Is the golden opportunity still alive?
The first half of 2016 was the first time investment has been the largest component of gold demand for two consecutive quarters. Should this leave gold bugs feeling vindicated or afraid?
-
SSGA: Gold ETFs to remain strong in H2
Net fund flows into global gold ETFs in the first half this year have already surpassed the same period of 2009 during the financial crisis, as Brexit has created more uncertainties in the global economic outlook.