Ideas and analysis on money, markets and the world around us.
We know that today’s macroeconomists are very confused about inflation, if only because despite all experience they think they can print money and increase bank credit with a view to generating price inflation at a…
Read the articleThis week has been all about currencies, with a weak euro grabbing the headlines. At one point yesterday morning, the euro was 3% down from last Friday's close, hitting a 12-year low against the US dollar. The yen was…
Read the articleGoldMoney has seen net buying of gold since the price dropped below the psychologically-significant $1,200 mark in the last seven days. Investors have also shown more interest in platinum and palladium in the last week,…
Read the articleThis month the physical gold market will undergo radical change when the four London fixing banks hand over the twice-daily fix to the International Commodity Exchange's trading platform on 20th March. From 1st April…
Read the articleCurrency wars have intensified this week driving the US dollar sharply higher against the euro, yen and pound. Minor currencies are also deliberately devaluing against the world's reserve currency. According to…
Read the articleThe decision by the Indian government to drop an expected reduction in gold import duties has left the market for the yellow metal static this week. The government was widely expected to follow-up an election issue by…
Read the articleFinance ministers in the Eurozone appear to have had a free lesson in game theory from Professor Yanis Varoufakis, the Greek finance minister. At the time of writing Greece's future in the Eurozone is far from secured,…
Read the articleThe US dollar eased this week when Janet Yellen of the Fed gave her semi-annual report on monetary policy to Congress. It was no surprise that Ms Yellen hinted at caution over interest rates due to external events, such…
Read the articleGold prices have risen this week before setting back to exactly the same price as they were this time last week. At GoldMoney, customers have been selling in a week that has seen their trading volumes fall by 45% on…
Read the articleIn last Friday's Market Update I commented that it is easy for bullion banks with deep pockets to move markets and change sentiment. This week's trading in precious metals was a text-book example, with all precious…
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