Trump chatter, low rates fuel gold boom

Original article by William McInnes
The Australian Financial Review – Page: 27 : 27-Jun-19

The US spot gold price has gained more than per cent so far in June, amid falling bond yields, expectations of global monetary policy easing and ongoing trade tensions. Jasper Lawler of London Capital Group expects the price of gold to continue to rise, with the firm lifting its medium-term target for the precious metal to $US1,680 an ounce. Shares in Australian-listed gold producers have also rallied in June, but Morgan Stanley says the sector is now too expensive.

CORPORATES
LONDON CAPITAL GROUP, MORGAN STANLEY AUSTRALIA LIMITED, ST BARBARA LIMITED – ASX SBM, SARACEN MINERAL HOLDINGS LIMITED – ASX SAR, NEWCREST MINING LIMITED – ASX NCM, NORTHERN STAR RESOURCES LIMITED – ASX NST, REGIS RESOURCES LIMITED – ASX RRL, TF GLOBAL MARKETS, OANDA AUSTRALIA PTY LTD

Miners’ shares soar as $A gold price hits record high

Original article by Paul Garvey
The Australian – Page: 20 : 4-Jan-19

The price of gold in Australian dollar terms reached a record high of more than $1,859 an ounce on 3 January, eclipsing the previous peak of $1,819.44 an ounce in July 2016. The rally in turn boosted the share prices of local gold producers, with Newcrest Mining advancing 4.3 per cent and Evolution Mining, Northern Star Resources and Saracen Mineral Holdings rising to new highs.

CORPORATES
NEWCREST MINING LIMITED – ASX NCM, EVOLUTION MINING LIMITED – ASX EVN, NORTHERN STAR RESOURCES LIMITED – ASX NST, SARACEN MINERAL HOLDINGS LIMITED – ASX SAR, BARRICK GOLD CORPORATION, NEWMONT MINING CORPORATION

Gold company bosses expect more volatility

Original article by Tess Ingram
The Australian Financial Review – Page: 27 : 30-Nov-16

The gold price reached a nine-month low of $US1,182 an ounce in late November 2016, defying expectations of a rally following Donald Trump’s presidential election win. It was trading above $US1,300 prior to the election, and Resolute Mining CEO John Welborn expects further volatility in the gold price in the near-term. Meanwhile, Dacian Gold will partially finance its Mount Morgans project via a $A150m equity raising, while Northern Star Resources’ COO Stuart Tonkin will succeed CEO Bill Beament. The latter will become executive chairman.

CORPORATES
RESOLUTE MINING LIMITED – ASX RSG, DACIAN GOLD LIMITED – ASX DCN, NORTHERN STAR RESOURCES LIMITED – ASX NST

Demand rally seen as strong enough to withstand US rate rise

Original article by Jessica Sier
The Australian Financial Review – Page: 27 : 7-Sep-16

Cadence Capital’s Karl Siegling argues that a rise in US interest rates is likely to have only a short-term impact on the recent rebound in commodity prices. James Gerrish of Shaw & Partners notes that while the gold price is likely to be the most affected by a rate rise, the iron ore price is primarily influenced by supply and demand considerations. Siegling adds that base metal producers will be the hardest hit by a rise in US interest rates.

CORPORATES
CADENCE CAPITAL LIMITED – ASX CDT, SHAW AND PARTNERS LIMITED, UNITED STATES. FEDERAL RESERVE BOARD, MACQUARIE WEALTH MANAGEMENT, INDEPENDENCE GROUP NL – ASX IGO

US election a Trump card for gold price, says Beament

Original article by Peter Ker
The Australian Financial Review – Page: 19 : 21-Jul-16

Northern Star Resources’ gold production totalled 558,143 ounces in 2015-16, with sales of 561,153 ounces. MD Bill Beament remains bullish about the outlook for gold, forecasting that the recent rally in the price of the precious metal will be sustained. He notes that the UK’s vote to leave the European Union has had little impact on the gold price. He expects the gold price to rise further if Donald Trump wins the US presidential election, although he did not specifically name the Republican candidate.

CORPORATES
NORTHERN STAR RESOURCES LIMITED – ASX NST, UNITED STATES. FEDERAL RESERVE BOARD, REPUBLICAN PARTY (UNITED STATES)

‘Something’s gotta give’: rising stocks, bonds and gold sound alert

Original article by Michael Roddan
The Australian – Page: 19 & 27 : 13-Jul-16

The Australian sharemarket has gained six per cent since reaching its recent low in the wake of Great Britain’s vote to leave the European Union. Meanwhile, the S&P 500 has risen by 16 per cent since February 2016, and it reached a record high in mid-July. Traditional safe haven investment classes are also in strong demand, with the yield on 10-year Australian government bonds remaining close to a record low and the gold price testing its highest level in more than two years.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, STANDARD AND POOR’S 500 INDEX, MACQUARIE GROUP LIMITED – ASX MQG, PLATINUM ASSET MANAGEMENT LIMITED – ASX PTM, BAKER STEEL CAPITAL MANAGERS LLP, UNITED STATES. FEDERAL RESERVE BOARD, BELL POTTER SECURITIES LIMITED, PERPETUAL LIMITED – ASX PPT, JAPAN. OFFICE OF THE PRIME MINISTER, NIKKEI 225 INDEX

Brexit II pushes Aussie bonds to record low

Original article by Vesna Poljak, James Chessell
The Australian Financial Review – Page: 1 & 29 : 7-Jul-16

The yield on Australia’s 10-year government bond fell to a record low of 1.84 per cent on 6 July 2016. Bearish sentiment toward equities also prompted the yield on US Treasuries to fall to 1.34 per cent. The global shift to "safe haven" assets also prompted a rally in the gold price, which reached its highest level in two years. Meanwhile, the fallout from the UK’s vote to leave the European Union is continuing, with several British property funds moving to freeze redemptions.

CORPORATES
UBS GLOBAL ASSET MANAGEMENT (AUSTRALIA) LIMITED, BANK OF ENGLAND, STANDARD AND POOR’S ASX 200 INDEX, STANDARD AND POOR’S ASX 200 BANKS INDEX, AXA INVESTMENT MANAGERS PTY LTD, M&G INVESTMENT MANAGEMENT LIMITED, AVIVA PLC, STANDARD LIFE PLC, YOUGOV LIMITED, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, SPDR GOLD TRUST, COMMODITY EXCHANGE OF NEW YORK

US stocks rise on Fed rate hike

Original article by Chelsey Dulaney
The Australian – Page: Online : 17-Dec-15

The US Federal Reserve has increased the federal funds rate by 25 basis points at its monetary policy meeting in mid-December 2015. It is the first rise in US short-term interest rates since December 2008. Investors will now be seeking guidance from Federal Reserve chair Janet Yellen on the likely timing of further rate increases. The move to tighten monetary policy has bolstered Wall Street, while the gold price and the US dollar have also risen.

CORPORATES
UNITED STATES. FEDERAL RESERVE BOARD, DOW JONES INDUSTRIAL AVERAGE INDEX, STANDARD AND POOR’S 500 INDEX, NASDAQ COMPOSITE INDEX, O’NEILL SECURITIES, NEW YORK STOCK EXCHANGE, EURO STOXX 50 INDEX

Gold stocks take off after gloomy report on US jobs

Original article by Stephen Cauchi
The Australian Financial Review – Page: 31 : 6-Oct-15

Data showing that a lower-than-expected 142,000 jobs were created in the US during September 2015 has prompted a rally in the spot price of gold. It rose by 2.2 per cent to $US1,136 per ounce on 2 October, and in turn bolstered support for Australian-listed gold producers. Northern Star Resources rose by 5.9 per cent to a record $A2.85 on 5 October, while Newcrest Mining was 9.5 per cent higher at $A13.80. The jobs data has dampened expectations of a US interest rate rise in the near-term.

CORPORATES
NORTHERN STAR RESOURCES LIMITED – ASX NST, NEWCREST MINING LIMITED – ASX NCM, EVOLUTION MINING LIMITED – ASX EVN, BEADELL RESOURCES LIMITED – ASX BDR, UNITED STATES. FEDERAL RESERVE BOARD, RBC CAPITAL MARKETS, IG MARKETS LIMITED, STANDARD AND POOR’S ASX ALL ORDINARIES GOLD INDEX, BANK OF JAPAN, EUROPEAN CENTRAL BANK, SUMITOMO GLOBAL RESEARCH

Gold’s fair value is $US750: Deutsche

Original article by Stephen Cauchi
The Australian Financial Review – Page: 25 : 28-Jul-15

Gold was trading at about $US1,096 per ounce on 27 July 2015, although Deutsche Bank believes that the precious metal remains significantly overvalued. The investment bank has released a report which concludes that "fair value" for gold is around $US785 an ounce. However, the report also states that in real terms the gold price would have to fall to around $US750/ounce in order to be trading at its historical average.

CORPORATES
DEUTSCHE BANK AG, ABN AMRO BANK NV, UNITED STATES. FEDERAL RESERVE BOARD, CAPITAL ECONOMICS LIMITED, WORLD BANK