Gold Hits 10 Week High At $1,328/oz as Trade Wars Spur Safe Haven Demand

Gold Hits 10 Week High At $1,328/oz as Trade Wars Spur Safe Haven Demand

] Gold has consolidated on yesterday’s gains and is marginally higher as risk aversion creeps back into markets. Gold rose 1.5% yesterday to its highest level in more than three months. Gold in USD – 1 week (GoldCore.com) Concerns that trade wars look set to escalate globally and fears that President Trump’s threat of tariffs … Read more

Gold Firm At $1,340/oz After 5 Days of Gains – Fed Takes It To 3 Month High

Gold Firm At $1,340/oz After 5 Days of Gains - Fed Takes It To 3 Month High

] Gold has moved marginally higher again today after 5 days of gains and remains firm near a three month high at $1,340/oz. Gold is being supported by the dovish comments from the Fed which have lifted expectations of an interest cut. The U.S. economy is slowing and this is putting the dollar under pressure … Read more

Gold To Reach 6 Year High Over $1,400 on Uncertain Outlook for Global Markets

Gold To Reach 6 Year High Over $1,400 on Uncertain Outlook for Global Markets

] by Bloomberg Gold is finally gaining the traction needed to boost prices to a level not seen since 2013 as concern mounts over increased trade war tensions and the global growth outlook. GoldCore.com Bullion may touch $1,400 an ounce this year as investors hedge risk, according to Rhona O’Connell, head of market analysis for … Read more

Gold Rises In All Currencies – Gains 1.6% To £1,079/oz In GBP, Near 7 Year High

Gold Rises In All Currencies - Gains 1.6% To £1,079/oz In GBP, Near 7 Year High

] GoldCore NoteGold prices have risen in all currencies today and especially in British pounds with gold having risen 1.5% to £1,078/oz. Concerns regarding the weak UK economy and Brexit fears continue to weigh on sterling. Gold in GBP – 1 Day More loose monetary policies are making gold attractive again as are the elevated … Read more

Gold Prices Surge Nearly 3% to 5 Year High At $1,385/oz After Fed Turns Dovish

Gold Prices Surge Nearly 3% to 5 Year High At $1,385/oz After Fed Turns Dovish

] GoldCore NoteGold prices surged nearly 3% to a high of $1,385/oz, their highest in more than five years today after the U.S. Federal Reserve adopted a more dovish tone. The Fed signaled possible interest rate cuts this year which sent risk assets higher, U.S. Treasury yields and the dollar lower. Gold gains in dollars … Read more

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

Gold At 6 Year High In Euros At €1,288 as ECB Says Outlook Is “Worse and Worse”

Gold At 6 Year High In Euros At €1,288 as ECB Says Outlook Is "Worse and Worse"

] Gold rose to a six and a half year high in euros at €1,288/oz yesterday prior to giving up the gains as it succumbed to profit taking in volatile trading during and after the ECB meeting. Gold in Euros – 10 Years – GoldCore.com Gold spiked to its highest level since 2013 in response … Read more

Gold Steadies After Surging To All Time Record High In Euros At €1,392.60/oz

Gold Steadies After Surging To All Time Record High In Euros At €1,392.60/oz

] * Gold in euros surged to a record high at €1,392.60/oz and the Australian dollar hit new record highs yesterday * Gold surged to a more than six-year high in dollars yesterday surpassing $1,550/oz in early trade prior to falling to $1,530/oz *Investors are seeking safety from a host of uncertainties including heightened U.S.-China … Read more