Gold Surges To All Time Record Highs At $1,974/oz In Australian Dollars

Gold Surges To All Time Record Highs At $1,974/oz In Australian Dollars

] GoldCore NoteGold is lower in dollars today despite increasingly dovish signals from the Federal Reserve, ECB, Australian central bank and other central banks as economies slow. Gold has surged higher in Australian dollars again this week and reached a new all time record high in the Aussie dollar yesterday at $1,974/oz. This is due … Read more

Gold Surges To £1,175/oz, Near Record £1,179/oz In GBP, As Sterling Falls Sharply

Gold Surges To £1,175/oz, Near Record £1,179/oz In GBP, As Sterling Falls Sharply

] Gold prices have surged in British pounds today as sterling fell sharply on concerns that Boris Johnson may lead the UK and EU into a “hard Brexit.” Gold surged to 1,175/oz and nearly touched the all time record nominal high of £1,179/oz as the pound fell on international markets. Gold gained nearly 0.5% in … Read more

Gold Surges To $1,475/oz and All Time Record Highs In Pounds, Yen, Canadian and Australian Dollars

Gold Surges To $1,475/oz and All Time Record Highs In Pounds, Yen, Canadian and Australian Dollars

] Gold prices have surged in dollars and all currencies due to the escalation in the trade wars and a return to currency wars between China and the U.S. Gold in USD – 10 Years – GoldCore.com Gold surged as much as 2% in dollars yesterday and has consolidated on those gains today. It is … Read more

Gold Surges Over $1,500/oz as Investors Seek Shelter From Gathering Storm

Gold Surges Over $1,500/oz as Investors Seek Shelter From Gathering Storm

] FX – 1 Day Relative Performance (Finviz) via Bloomberg Gold futures rallied above $1,500 an ounce on sustained demand for the traditional haven as the U.S.-China trade war festers, global growth slows and central banks around the world ease monetary policy. The metal advanced as much as 1.3% to $1,503.30 an ounce on the … Read more

Gold Surges To $1,512 At Open In Asia, Falls To $1,488 At Open In London, Then Moves Over $1,500 Again

Gold Surges To $1,512 At Open In Asia, Falls To $1,488 At Open In London, Then Moves Over $1,500 Again

] * Gold up nearly 6% so far in August after 3% gain last week * Gold futures traders increase net longs in COMEX gold * Volatile trading overnight saw gold go higher, lower and then higher again as gold seeks to consolidate at $1,500/oz (see gold in yellow in chart above) NEWS & COMMENTARY … Read more

Silver Surges 3% To $18.30oz; Next Resistance At $20/oz and Then $50/oz

Silver Surges 3% To $18.30oz; Next Resistance At $20/oz and Then $50/oz

] * Silver has breached the resistance level of $18 an ounce for the first time in two years after surging 3% yesterday * Spot silver extended gains for a third straight session, jumping 3% to $18.15 per ounce. It reached $18.34, its highest level since September 2017 and is up 11.5% in August, making … Read more

Silver Rally Is ‘Stealing the Show’ Even as Gold Surges to 6-Year High

Silver Rally Is 'Stealing the Show' Even as Gold Surges to 6-Year High

] News and Commentary Gold rises as U.S., China begin new round of tariffs Silver rally is stealing the show even as gold surges to 6-year high Return to capital controls sends Argentina assets tumbling Argentina central bank tightens FX market access as peso plunge burns through reserves China, U.S. kick off new round of … Read more

Gold Gains 1.7% and Silver Surges 4.9% After Weak U.S. Data Compounds Global Recession Fears

Gold Gains 1.7% and Silver Surges 4.9% After Weak U.S. Data Compounds Global Recession Fears

] * Gold gained 1.7% and silver surged 4.9% yesterday after weak U.S. manufacturing data reinforced fears of a U.S. and global recession * The escalation in the U.S.-China trade war and the political shambles in the UK and Brexit further bolstered gold bullion’s safe-haven appeal * U.S. manufacturing activity contracted for the first time … Read more

Gold Surges To Test $1,600/oz, Oil Over $70, Stocks Fall on Risks of World War In Middle East

Gold Surges To Test $1,600/oz, Oil Over $70, Stocks Fall on Risks of World War In Middle East

] ◆ Gold has surged to test $1,600 per ounce, up 4% so far in 2020 and building on the stellar near 18.9% gain in 2019 ◆ Gold is testing it’s highest levels since 2013 as investors diversify into gold; Goldman, Citi and other gold analysts are advocating gold bullion as important hedge in crisis … Read more