Gold Holds Above $1,500 As Central Banks Lose Control and China Continues to Buy Gold Bullion

Gold Holds Above $1,500 As Central Banks Lose Control and China Continues to Buy Gold Bullion

] NEWS & COMMENTARY Gold and silver are 4% and 4.7% higher respectively for the week so far 1 Week Relative Performance (Finviz.com) Gold ends lower but holds firmly above $1,500; Silver loses grip on $17 Gold dips, taking a breather after surpassing key $1,500 level China Increases Gold Reserves & Diversifies From The Dollar … Read more

Gold Futures Fall On Trade Deal Hopes; Central Banks of China, Russia, Turkey Buy Gold Bullion

Gold Futures Fall On Trade Deal Hopes; Central Banks of China, Russia, Turkey Buy Gold Bullion

] NEWS and COMMENTARY Gold falls as trade-deal uncertainty cuts safe-haven demand China says it has agreed with the US to cancel existing trade tariffs in phases BOJ to continue massive monetary stimulus to hit 2% inflation Dow futures jump 100 points after China and US reportedly agree to remove existing tariffs Syria is lost, … Read more

Gold and Silver Prices Fall Despite Bullion Shortages and Rising Premiums

Gold and Silver Prices Fall Despite Bullion Shortages and Rising Premiums

] Gold in USD – 15 Years (including the brief Lehman sell off in October 2008) ◆ Gold and particularly silver prices have fallen sharply in recent days due to massive concerted selling in the futures market which is being attributed to margin call selling. ◆ Gold and silver prices are down by 4.5% and … Read more

Central Banks Were Diversifying Into Gold Bullion Prior to the Global Lockdown – Here Is Why

Central Banks Were Diversifying Into Gold Bullion Prior to the Global Lockdown – Here Is Why

] Gold in USD – 3 Days ◆ The global economy was flashing danger signs long before the pandemic… ◆ For one thing, many countries were clamouring to get hold of as much gold as possible. ◆ For the past decade they have been buying new reserves and bringing it home from overseas storage to … Read more

Heavy Metal Selling [Charts] – GoldCore Gold Bullion Dealer

Heavy Metal Selling [Charts] - GoldCore Gold Bullion Dealer

] Anxiety about an increase in Covid19 cases and fears of a second wave coupled with revelations of historic money laundering practices of major global banks weighed heavily on financial markets yesterday. Precious metals were not immune to the sell off which saw gold below $1,900 and silver off a whopping 12% during intraday trading. … Read more