Central Bank Gold Buying Is “Sustainable and Indeed May Accelerate”

Central Bank Gold Buying Is “Sustainable and Indeed May Accelerate”

] Source: World Gold Council ◆ Why central banks including China and Russia will keep buying gold due to concerns about the outlook for currencies, including the dollar and the euro, Mark O’Byrne, Research Director of GoldCore told Marketwatch ◆ While the gold tonnage demand from central banks in recent months has been significant and … Read more

Gold ETF and Central Bank Gold Buying Supports Gold Demand In Q3

Gold ETF and Central Bank Gold Buying Supports Gold Demand In Q3

] Gold demand grew modestly to 1,107.9 tonnes (t) in Q3 thanks to the largest ETF inflows since Q1 2016 ◆ A surge in ETF inflows (258t) outweighed weakness elsewhere in the market to nudge gold demand 3% higher in Q3 ◆ Global central bank buying remained healthy but significantly lower than the record levels … Read more

Wealthy Investors Are Buying Gold Coins and Bars and Storing Them In Secure Bunkers

Wealthy Investors Are Buying Gold Coins and Bars and Storing Them In Secure Bunkers

] CNN and Goldman Sachs via Russia Today The strategic case for owning gold remains strong, according to analysts at Goldman Sachs. They point to such factors as political uncertainty, recession fears and other worries among the global elite. Data from Goldman research showed that owning the physical metal seems to be the global elite’s … Read more

Gold Buying Surge and “Massive Spike In Transactions” Seen By GoldCore

Gold Buying Surge and "Massive Spike In Transactions" Seen By GoldCore

] Source: Wikimedia Commons Gold prices surge as coronavirus fears impact on equities. Gold rose more than 2.5% to a seven-year high on Monday of $1,688 per ounce. (Irish Times) Irish gold brokers GoldCore said on Monday that it had witnessed a massive spike in transactions on foot of the jump in coronavirus cases outside … Read more

Gold Falls 4% As Futures Sold Aggressively While Buying of Coins and Bars Surges

Gold Falls 4% As Futures Sold Aggressively While Buying of Coins and Bars Surges

] Gold fell for a few days after the Lehman collapse but ended 2008 higher by 5.6% andit continued its gains in 2009, 2010 and in the sovereign debt crisis of 2011 and 2012 ◆ Stock markets around the world collapsed yesterday as market panic led to massive sell offs of over 10% on U.S. … Read more

No “Gold Rush” Yet Despite the Positive Outlook and How People Are Buying Gold in Ireland (GoldCore on RTE)

No "Gold Rush" Yet Despite the Positive Outlook and How People Are Buying Gold in Ireland (GoldCore on RTE)

] Interview on RTE Radio 1’s Morning Ireland with Mark O’Byrne From RTE: Gold has hit a record high, surging over $2,000 dollars an ounce for the first time in history, as increasing numbers of nervous investors seek a safe place to put their money.  Many investors avoid gold because it does not pay dividends … Read more