Gold Consolidates Near All Time High In British Pounds

Gold Consolidates Near All Time High In British Pounds

] Sterling is under pressure today and gold near all time record highs in sterling (see chart) due to the likelihood that Britain’s ruling Conservative party will elect Boris Johnson (aka ‘BoJo’) as its new leader and Prime Minister today. Gold In Sterling Nears Record Nominal Highs The result of the weeks-long internal party election … 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

Gold Consolidates Near All Time Highs in Euros; Set For Weekly Gain and Monthly Gain Of 4% In USD

Gold Consolidates Near All Time Highs in Euros; Set For Weekly Gain and Monthly Gain Of 4% In USD

] Gold in EUR – 5 Years (GoldCore,com) ◆ Gold has rallied 0.4% to $1,581.70/oz today and is at £1,204.60/oz and €1,431/oz, very close to the all time record high in euros seen on January 8th ◆ Concerns about the coronavirus are leading to risk aversion which is impacting economically sensitive, risk assets in the … Read more

Gold Consolidates Near Six Year Record Highs At $1574/oz; WHO’s ‘Tip of the Iceberg’ Virus Warning

Gold Consolidates Near Six Year Record Highs At $1574/oz; WHO’s ‘Tip of the Iceberg’ Virus Warning

] via Bloomberg Gold climbed for a fourth day as investors weighed the unfolding coronavirus crisis, including a stark warning from the head of the World Health Organization about the potential for more cases beyond China and signs the disease is spreading in the key Asian trading hub of Singapore. Prices rose as the death … Read more