Gold Surges Over $1,500/oz as Investors Seek Shelter From Gathering Storm

Gold Surges Over $1,500/oz as Investors Seek Shelter From Gathering Storm

] FX – 1 Day Relative Performance (Finviz) via Bloomberg Gold futures rallied above $1,500 an ounce on sustained demand for the traditional haven as the U.S.-China trade war festers, global growth slows and central banks around the world ease monetary policy. The metal advanced as much as 1.3% to $1,503.30 an ounce on the … Read more

Silver Gains 6% To $18.40/oz and Gold Consolidates Over $1,500/oz This Week

Silver Gains 6% To $18.40/oz and Gold Consolidates Over $1,500/oz This Week

] The Fed’s Inflation Gamble Continues 19 hours ago The fed’s inflation gamble continues… Are central banks trapped? Last week’s Fed statement and the press conference that followed proved to be the start of a US$90 (4.8%) decline in the gold price. Fed on Economic Recovery The Summary of Economic Projections (known as the dot-plots) … Read more

Silver BullionGold Reaches New All Time Record Over €1,500/oz, Breaks Over $1,600/oz and Silver Surges To $18.44/oz

Silver BullionGold Reaches New All Time Record Over €1,500/oz, Breaks Over $1,600/oz and Silver Surges To $18.44/oz

] Gold in Euros at All Time Record High ◆ Gold soared to new record highs in euros today at €1,500.11/oz and broke through the important $1,600 level to as high as $1,619.18 per ounce as traders and investors diversify out of more pandemic exposed risk assets to traditional safe havens ◆ Silver surged to … Read more