Britain has a new prime minister – here’s what that means for you

Theresa May is set to become the Prime Minister of Great Britain in the next few days. Will the new PM bring a degree of stability back to turbulent markets in a post-Brexit Britain or what does the future hold under a new Conservative leadership.

Theresa May © Getty Images

MoneyWeek’s John Stepak takes a look at the implications for investors and identifies why financial markets are relieved and considers what might be next for the British Pound.

That was surprisingly quick and painless.

Britain is about to have a new prime minister: Andrea Leadsom pulled out of the race yesterday, and Theresa May is going to be the new boss.

 
The full report can be read here 
 

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Gold and Silver Bullion – News and Prices

 

PRECIOUS-Gold steady after falling in the previous session (Reuters)

Gold miners expand hedge book by another 50 tonnes in first quarter: report (Reuters)

Citigroup Backs Commodities for ’17 in ‘Especially Bullish’ Call (Bloomberg)

S&P 500 poised for fresh record as Alcoa spurs earnings optimism (Marketwatch)

Citigroup Is ‘S&P 500 Climbs to Record High as Dollar Rallies; Treasuries Drop (Bloomberg)

Gold Prices (LBMA AM)

12 July: USD 1,352.85, EUR 1,217.84 & GBP 1,029.11 per ounce

 

11 July: USD 1,358.25, EUR 1,231.66 & GBP 1,059.95 per ounce

 

08 July: USD 1,356.10, EUR 1,224.83 & GBP 1,047.45 per ounce

 

07 July: USD 1,367.10, EUR 1,233.40 & GBP 1,052.80 per ounce

 

06 July: USD 1,370.00, EUR 1,239.71 & GBP 1,059.01 per ounce

 

05 July: USD 1,344.75, EUR 1,207.05 & GBP 1,023.89 per ounce

 

04 July: USD 1,348.75, EUR 1,213.07 & GBP 1,016.42 per ounce

 

Silver Prices (LBMA)

12 July: USD 20.35, EUR 18.35 & GBP 15.47 per ounce

 

11 July: USD 20.47, EUR 18.53 & GBP 15.78 per ounce

 

08 July: USD 19.72, EUR 17.82 & GBP 15.20 per ounce

 

07 July: USD 19.95, EUR 18.00 & GBP 15.31 per ounce

 

06 July: USD 20.43, EUR 18.46 & GBP 15.75 per ounce

 

05 July: USD 19.73, EUR 17.69 & GBP 14.99 per ounce

 

04 July: USD 20.36, EUR 18.31 & GBP 15.36 per ounce

 

 

 

Recent Market Updates

 

– Metals Caught Between Global Gloom, U.S. Job Gains as Gold Slips

 

– Central Bank Resumes Monthly Gold Buying in Bid to Diversify Reserves

 

– Property Fund Turmoil in the UK has Eerie Echoes of Bear Stearns

 

– “In Gold We Trust” Annual Report – New Bull Market “Emerging”

 

– 3 Charts Show “How Precious Brexit Is” for Gold and Silver Bullion

 

– Gold, Silver Best Performing Assets In H1, 2016 – Up 26% & 38%

 

– Gold Surges to $1,313/oz – Fed Concerned Re Outlook, BREXIT and May “Consider Using Helicopter Money”

 

– Gold Prices Higher For 5th Session On BREXIT and FED

 

– Soros Buying Gold On BREXIT, EU “Collapse” Risk

 

– UK Gold Demand Rises On BREXIT “Nerves”

 

– Pensions Timebomb in “Slow Motion Detonation” In UK, EU, U.S.

 

The post Britain has a new prime minister – here’s what that means for you appeared first on GoldCore Gold Bullion Dealer.

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