Gold Jumps To $1,345 Per Ounce As U.S. Only Created 75K Jobs In May – Weekly Gain Now 3%

Gold Jumps To $1,345 Per Ounce As U.S. Only Created 75K Jobs In May - Weekly Gain Now 3%

] Gold Is 3% Higher This Week As Dollar, U.S. and Global Economy Weaken GoldCore.com Gold prices jumped to $1,345 per ounce soon after the U.S. non farm payrolls showed that the U.S. created a meager 75,000 jobs in May, taking it’s weekly gain to 3%. Gold prices consolidated on this week’s 2.2% rise by … Read more

Gold At 6 Year Highs and Set For 7th Weekly Gain, Longest Stretch of Gains in 8 Years

Gold At 6 Year Highs and Set For 7th Weekly Gain, Longest Stretch of Gains in 8 Years

] by Bloomberg News Non-farm payrolls could provide clues on the Fed’s next move Gold bullion set for seventh weekly gain as looser policy expected Should put more than ‘5%-10% of your portfolio in gold’ today Gold is headed for the longest stretch of weekly gains since 2011 as investors count down to the release … 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 Falls 0.6% After Having A Seven Year Weekly High Close and 4% Gain In January

Gold Falls 0.6% After Having A Seven Year Weekly High Close and 4% Gain In January

] Gold falls from seven year high weekly close ◆ Gold prices fell 0.6% today after reaching a seven year weekly high close at $1587.90/oz on Friday, gold’s highest weekly price settlement since March 2013, a 4% gain in January and its second straight monthly climb. ◆ Chinese stocks crashed over 7.7% overnight as investors … Read more

Silver Prices To Gain Due To Expanded Industrial and Investment Demand for ETFs, Coins and Large Bars

Silver Prices To Gain Due To Expanded Industrial and Investment Demand for ETFs, Coins and Large Bars

] Source: Silverprice.org Macroeconomic and geopolitical conditions will remain broadly supportive for precious metals, encouraging investors to remain buyers of silver, a development that should lift silver prices higher this year, according to officials of the Silver Institute.The Institute provides the following insights on 2020 silver market trends. Silver Demand The Silver Institute foresees a … Read more

Gold Heads for 17% Gain In First Half 2020 and Biggest Quarterly Gain Since 2016

Gold Heads for 17% Gain In First Half 2020 and Biggest Quarterly Gain Since 2016

] ◆ Gold bullion appears set for the biggest quarterly advance since 2016 amid a surge in demand for gold bullion and other safe haven assets due to the ongoing coronavirus outbreak and economic lockdowns, which show little signs of abating. Gold bullion has gradually eked out a 17% gain in dollars so far in … Read more