We use cookies (including third-party cookies such as Google) to remember your site preferences and to help us understand how visitors use our sites so we can improve them. To learn more, please see our privacy policy and our cookie policy.

To agree to our use of cookies, click 'Accept' or choose 'Options' to set your preferences by cookie type.

Options Accept
BullionVault

CHARTS

  • English
  • Deutsch
  • Español
  • Français
  • Italiano
  • Polski
  • 日本語
  • 简体中文
  • 繁體中文
  • Daily audit
  • Help
  • Contact
  • Deposit
  • Login
  • Open account
  • ABOUT US
    • About BullionVault
    • In the press
    • Reviews
    BUY/SELL BULLION
    • Vaulted gold & silver
    • -Live order board
    • -Daily Price
    • Coins for delivery (UK)
    INVESTMENT GUIDE
    • Guide to gold
    • -How to buy gold
    • -Gold investment
    • -Gold investment plan
    • -Investment insurance
    • -Compare asset performance
    • Guide to silver
    • -How to buy silver
    • Guide to platinum
    • -How to buy platinum
    GOLD NEWS
    • Gold news front page
    • -Gold price news
    • -Opinion & analysis
    • -Market fundamentals
    • -Gold/Silver Investor Index
    • -Infographics
    CHARTS
    • Gold price
    • Silver price
    • Platinum price
    • Price alerts
  • Login
  • Open account
  • BUY/SELL BULLION
  • Vaulted gold & silver
    • ⤷
    • Live order board
    • Daily Price
  • Coins for delivery (UK)
  • INVESTMENT GUIDE
  • Guide to gold
    • ⤷
    • How to buy gold
    • Gold investment
    • Gold investment plan
    • Investment insurance
    • Compare asset performance
  • Guide to silver
    • ⤷
    • How to buy silver
  • Guide to platinum
    • ⤷
    • How to buy platinum
  • GOLD NEWS
  • Gold news front page
    • ⤷
    • Gold price news
    • Opinion & analysis
    • Market fundamentals
    • Gold/Silver Investor Index
    • Infographics
  • CHARTS
  • Gold price
  • Silver price
  • Platinum price
  • Price alerts
  • ABOUT US
  • About BullionVault
  • In the press
  • Reviews
  • Help
  • Contact
  • Daily audit
    • English
    • Deutsch
    • Español
    • Français
    • Italiano
    • Polski
    • 日本語
    • 简体中文
    • 繁體中文

Gold News

Live support

NEED HELP? ASK US NOW

Search form

Gold News front page

Gold Price News

Gold Prices Hit 7-Week High as US Retail Sales Surge on Stimmy Checks, China Vows to Stall Inflation

More...

Gold Investing In Depth

Learn about gold bullion bars

Learn about gold bullion coins (and costs)

Gold investment: Why & how?

Gold Investment Analysis

  • Latest Gold Investor Index
  • Diversification: Gold as investment insurance
  • 40-year Asset Performance Comparison Table

Gold Articles

Opinion & Analysis

Gold Price News

Investment News

Gold in History

Gold Books

Gold Investor Index

Gold Infographics

Archive

  • April 2021 (14)
  • March 2021 (26)
  • February 2021 (23)
  • January 2021 (25)
  • December 2020 (24)
More...

List of authors

Gold Prices 'Constructive' at $1200 as Specs Cut Shorts But US Yields Hit 3%, China Gets 'Tariffed!' by Trump

Monday, 9/17/2018 15:48
GOLD PRICES peeped above $1200 per ounce yet again in London trade on Monday, rising above what was an 18-month low when reached in mid-August for the 9th time in 5 weeks.
 
Silver and platinum also rose as Western stock markets cut their earlier gains, rallying to $14.20 and $805 respectively
 
Base metals were little changed, leaving copper 3% above the summer's 1-year lows, as US President Trump praised the trade tariffs imposed on Chinese imports so far, saying ahead of this week's likely decision on taxing a further $200 billion of goods that his policy's impact on the US economy has been "almost unnoticeable".

Tariffs have put the U.S. in a very strong bargaining position, with Billions of Dollars, and Jobs, flowing into our Country - and yet cost increases have thus far been almost unnoticeable. If countries will not make fair deals with us, they will be "Tariffed!"

— Donald J. Trump (@realDonaldTrump) September 17, 2018

"Pricing remains constructive" in Asian trade, says a note from Swiss refining and finance group MKS Pamp, "and layered bids underneath $1195 are evident.
 
"The most recent CFTC data shows an increase in [speculative] positioning across all metals [albeit from record bearish bets], with shorts tapering off somewhat to possibly indicate we are beginning to see a short-term bottom."
 
But "concern over trade tensions between the US and China is translating into a stronger Dollar," Reuters quotes Japanese conglomerate Mitsubishi strategist Jonathan Butler.
 
"As the Dollar remains relatively well supported, yields continue to rise and the US economic growth story remains in place, it's hard to see where a strong rally would come from in gold."
 
Chart of 10-year US Treasury yield vs. Dollar gold price. Source: St.Louis Fed
 
Ten-year US Treasury yields rose again above 3.0% in Monday's trade.
 
Crude oil meantime rallied towards last week's 2-month highs above $70 per barrel of US benchmark West Texas Intermediate as analysts questioned how heavy importers such as India are going to fill the supply gap caused by US sanctions blocking flows from Iran – the world's 5th largest producer nation in 2017.
 
Saudi Arabia and Russia have "taken the oil market hostage" a Tehran official said at the weekend, accusing the Opec oil cartel of becoming "a US tool".
 
Russian president Vladimir Putin met Turkish leader Recep Tayyip Erdoğan to discuss Syria's military attack on the final rebel stronghold of Idlib, already causing a fresh spike in refugees fleeing across the border into Turkey.
 
Ukraine today said it plans to open a new naval base on the Sea of Azov - effectively closed to its ships since Russia annexed the region of Crimea in 2014 - aiming to " pave the way for repelling [such] aggressive acts" as tensions between the former Communist partners worsen.
 
With the UK continuing to challenge Moscow over the poisoning of a former spy in Salisbury, business investment in the world's 5th largest economy has meantime "been lower than would be expected in the context of robust global growth" thanks to "uncertainty over the terms of the EU withdrawal" says the latest International Monetary Fund assessment.
 
"Above-target inflation following the sharp post-[Brexit] referendum sterling depreciation has slowed real income and consumption growth."

 

  • Reddit logo
  • Facebook logo
  • Twitter logo
  • Google logo
  • Yahoo logo
  • LinkedIn logo
  • Digg logo
  • StumbleUpon logo
  • Technorati logo

Adrian Ash is director of research at BullionVault, the physical gold and silver market for private investors online. Formerly head of editorial at London's top publisher of private-investment advice, he was City correspondent for The Daily Reckoning from 2003 to 2008, and is now a regular contributor to many leading analysis sites including Forbes and a regular guest on BBC national and international radio and television news. Adrian's views on the gold market have been sought by the Financial Times and Economist magazine in London; CNBC, Bloomberg and TheStreet.com in New York; Germany's Der Stern; Italy's Il Sole 24 Ore, and many other respected finance publications.

See the full archive of Adrian Ash articles on GoldNews.

Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News.

Follow Us

Facebook Youtube Twitter LinkedIn

 

Mobile apps

 - live trading 24/7

 - buy & sell instantly

 - up-to-the-second charts

 

 

 

Daily news email
Go to 'communications settings' 

Get the latest daily gold price news free by email

Latest gold news by email

 

 

 

Gold Investor Index
2 March 2021

Silver Investor Index

Silver beats gold again

 

 

 

LBMA webinar
21 January 2021

LBMA

London gold trading

 

 

 

Bloomberg TV
1 February 2021

Bloomberg TV

r/silver-surge

 

 

 

ET Now
3 March 2021

Gold drop

Gold's big drop

 

 

 

  •  Email us

Market Fundamentals

  • Central-Bank Gold Buying 'Moderate' But 'Highly Symbolic' in 2021
  • Green Energy: Platinum Key to New 'Hydrogen Catapult'
  • 2021 Gold Price to Rise 11.5%: LBMA Forecast
More...
  • Cost calculator
  • Cookies
  • Terms & conditions

©BullionVault Ltd 2005-

  • Twitter
  • Facebook
  • LinkedIn
  • YouTube

Save your cookie preferences

We use cookies to remember your site preferences, record your referrer and improve the performance of our site. For more information, see our cookie policy.

Please select an option below and 'Save' your preferences.

Save

You can update your cookie preferences at any time from the 'Cookies' link in the footer.

Secure auto-logout warning

You have not been active for some time.

For your security you will be logged out in   minutes unless you take action.