Gold Tops $1,300/oz As Trade Wars Escalate and Increased Risk of U.S. War With Iran

Gold Tops $1,300/oz As Trade Wars Escalate and Increased Risk of U.S. War With Iran

] * Gold sees safe haven demand push it to highest in one month as it breaches key $1,300/oz and £1,000/oz levels * U.S. China trade wars escalates as China retaliates and imposes tariffs on $60 billion of U.S. goods * Increased risk of war in Middle East after U.S. alleges Iran bombed Saudi oil … Read more

Europe Circumvents U.S. Sanctions On Iran

PIMCO: "Currency Cold War" May See Gold Soar Higher

] Europe has found a way of circumventing U.S. sanctions on Iran. The governments of France, Germany and the United Kingdom have developed a special purpose vehicle (SPV) to enable European businesses to maintain non-dollar trade with Iran without breaking U.S. sanctions. That SPV, known as INSTEX, is now up and running. The three governments … Read more

Gold At 3 Week High As Stocks and Dollar Fall On Trump’s Hard Line Stance Against Iran and China

Gold At 3 Week High As Stocks and Dollar Fall On Trump’s Hard Line Stance Against Iran and China

] ◆ Gold has edged higher to reach three week highs at $1,535/oz today after Trump took a hard-line stance on China and Iran during his U.N. speech ◆ Stocks fell in the U.S. yesterday and today in Europe on increasing political turmoil in the U.S. and the UK; Concerns about the global economy and … Read more

Gold Down 0.6% In Week Despite Fed Injecting Another $88.1 Billion Overnight, Brexit Risks and Iran Missile Attack

Gold Down 0.6% In Week Despite Fed Injecting Another $88.1 Billion Overnight, Brexit Risks and Iran Missile Attack

] ◆ Gold is marginally higher today but 0.6% lower for the week at $1,499/oz despite a very positive back drop with increasing geopolitical, monetary and systemic risks ◆ Silver is again outperforming gold, recovering to $17.70/oz and is 0.5% higher for the week as smart money continues to accumulate undervalued silver; while palladium prices … Read more

Gold Reaches $1,610/oz Prior To Retreating, Oil Higher and Stocks Lower As Iran Attacks U.S. Bases

Gold Reaches $1,610/oz Prior To Retreating, Oil Higher and Stocks Lower As Iran Attacks U.S. Bases

] ◆ Gold surged to a seven year high at $1,610.90 overnight prior to retreating as markets experience volatility due to the risks of a U.S. retaliation after Iran’s attacks on U.S. bases in Iraq. ◆ The severe, but long expected, re-escalation of geopolitical tensions led to the gold price surging overnight as speculators go … Read more

Gold Steadies After Falls As U.S., Iran Stepping Back From the Brink

Gold Steadies After Falls As U.S., Iran Stepping Back From the Brink

] Source: Bloomberg ◆ Haven demand ebbs as stocks climb with easing Mideast tensions ◆ Palladium retreats from fresh record but holds near $2,100 ◆ There’s still very strong demand for gold “due to a host of financial, geopolitical and monetary risks,” said Mark O’Byrne, research director at GoldCore Full article on Bloomberg Gold Posts … Read more