Theresa May Quits As PM – Gold In British Pounds Reaches £1,015 Per Ounce

Theresa May Quits As PM - Gold In British Pounds Reaches £1,015 Per Ounce

] Gold in British pounds consolidates over £1,000 per ounce after reaching £1,015 per ounce due to political uncertainty and concerns of a Hard Brexit Theresa May, in an emotional speech outside 10 Downing Street, said she had “done everything” she could to convince MPs to back the withdrawal agreement she had negotiated with the … Read more

Gold Reaches New Record Highs In GBP at £1,272 and EUR at €1,399 as Johnson Suspends UK Parliament

Gold Reaches New Record Highs In GBP at £1,272 and EUR at €1,399 as Johnson Suspends UK Parliament

] * UK political chaos, Brexit concerns and flight to safety propel gold in sterling and euros to new record nominal highs * Gold priced in sterling and euros soared to record highs today at £1,272 and €1,399 per ounce, spurred by increasing fears of a disorderly British exit from the European Union as PM … Read more

Gold In Japan Reaches Highest Since 1980 – Surging Demand Results In Delays To Buy Gold

Value of gold stored by Irish metals broker GoldCore surges past €100m

] ◆ Gold has reached its highest price in Japanese yen since 1980 at 165,045/oz (see charts below) as the yen depreciates amid “global economy jitters” ◆ A surge in demand in Japan is resulting in gold buyers needing to wait “2-3 hours to close deals” on gold bars according to Japan’s largest gold broker … 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

Silver BullionGold Reaches New All Time Record Over €1,500/oz, Breaks Over $1,600/oz and Silver Surges To $18.44/oz

Silver BullionGold Reaches New All Time Record Over €1,500/oz, Breaks Over $1,600/oz and Silver Surges To $18.44/oz

] Gold in Euros at All Time Record High ◆ Gold soared to new record highs in euros today at €1,500.11/oz and broke through the important $1,600 level to as high as $1,619.18 per ounce as traders and investors diversify out of more pandemic exposed risk assets to traditional safe havens ◆ Silver surged to … Read more

Gold Reaches $2,000/oz Prior to Two “Concerted Attacks” In Futures Market

Gold Reaches $2,000/oz Prior to Two "Concerted Attacks" In Futures Market

] The King Report “Anyone that’s been around the block a few times with gold knows that at some point ‘they’ will stage a concerted effort to drive gold lower.” December gold hit $2,000 at 21:19 ET Monday. It then retreated and traded sideways until 22:50 ET. Then someone slammed gold down to $1,955 in … Read more