June Gold News 2017

Last night’s terror-related shooting in Paris has the potential to change the course of the upcoming French election. 

With a record number of voters still undecided, experts say the shooting of a police officer on the Champs Elysees could bolster support for National Front leader Marie Le Pen.

Last night’s …

The gold price fell sharply overnight after Emmanuel Macron won the first round of the French presidential election, with the National Front’s Marine Le Pen coming second. Gold plunged 2.16% (£-22/oz t) in less than three hours, taking the precious metal's weekly loss to 3.48% (£35.66/oz t).

With Le Pen arguably …

The Russian Central Bank (RCB) added a further 25 metric tonnes of gold bullion to their official reserves in March. The figure is up from the 9 metric tonnes bought in February, but well below the 31 metric tonnes bought in January.

Since 2016 the RCB has been the largest …

Spain’s sixth largest bank, Banco Popular, appears to be losing the confidence of its customers. In 2016, the troubled bank lost 6.5% of its total deposit base as the banks solvency came into question. The bank responded by offering attractive deposit rates up to 4%, but the outflow only accelerated …

Gold saw initial gains as a result of the shock election for investors in the UK.  Across the rest of the world the price hardly moved.

Gold priced in sterling rose as much as 2.2 percent to 1,007.52 pounds an ounce, a seven-week high. The move was driven by the …