December 18th, 2015
Gold plunges to six-year low
Gold has plunged to a six-year low following the Federal Reserve’s decision to raise US interest rates.
The landmark move from the Federal Reserve was decided at a meeting on Wednesday 16th December, raising the benchmark rate by 25 basis points for the first time since the financial crisis. The pace, though, is set to remain “gradual”, with a projected growth rate of just 1.38 per cent in 2016.
The announcement was expected to hit the precious metals sector hard, as the US economy – and, more specifica…
December 11th, 2015
Jewellery highlighted as top alternative investment for 2016
Jewellery has been highlighted as a top alternative investment for 2016 by Knight Frank’s latest Luxury Index.
Art has dominated the headlines, thanks to a series of record-breaking sales, including Picasso’s The Women of Algiers, which fetched $179 million at Christie’s in May, while Modigliani and Twombly also scored personal bests of $170 million and $70.5 million respectively.
Art, though, is a mixed market, while cars are not performing as well as they did in 2014.
December 4th, 2015
Precious metals improve on back on ECB cut
Precious metals enjoyed a short-term lift on the back of the European Central Bank’s announcement of further stimulus efforts.
The ECB announced that it will cut rates by 10 basis points to -0.30 per cent from 9th December 2015, with quantitative easing extended to March 2017 – and even further beyond that date, if necessary.
The move was less severe than expected, causing the euro to surge against the dollar in its best performing month since 2009. At the same time, precious metals also ros…