Resources

Gold Price 9 April 2024

The price of gold today, as of 9:07am, was £1,859.50 per ounce. That’s up 0.64% on yesterday’s closing price of £1,847.61.

Compared to last week, the pr

[Andrew Sheng] Tech giants and social inequality

The Kennedy era guru on capitalism, John Kenneth Galbraith, presciently proclaimed in the “New Industrial State” (1967) that “the imperatives of technology and organization, not the images of ideology, are what determine the shape of economic society.” The cacophony of ideology, including religious fervor, is what is killing people in Ukraine, Gaza and other warring states. In the meantime, inv…

Does the gold rally have more steam left?

Gold rally defies norms amid US debt rise and stable Debt to GDP. Global geopolitics and de-dollarisation fuel surge. Central banks favor gold, affecting Fed. US interest expense rises, impacting treasury issuances and long gold positions.