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 1% Lower At $1,497 After Third Week Of Gains

Gold 1% Lower At $1,497 After Third Week Of Gains

] Gold prices dip on firmer dollar, stocks Gold prices fall on stronger dollar, equities Papua New Guinea Aims to Retain 30% of Exported Gold, May Change Currency Pegs India’s central bank demands more enthusiasm for gold paperizing campaign Blenheim Palace ‘installs £1million 18-carat gold toilet for visitors’ How modern monetary theory could spike a … Read more

Interview with Mark O’Byrne: Gold Down 1% In Week; Up 6% In August and Up 17% YTD; ‘Most Probably Correct’ So Cost Average

Interview with Mark O'Byrne: Gold Down 1% In Week; Up 6% In August and Up 17% YTD; 'Most Probably Correct' So Cost Average

] Interview with Mark O’ByrneGold Up 17% YTD and Best Performing Asset In 2019Correction Possible In Short Term So Cost Average Dale Pinkert interviews Mark O’Byrne about GoldCore, gold’s outlook, bank and electronic risk, bitcoin and cryptos and Swiss storage “Don’t just count your pips, bullion coins and bars … count your blessings” Gold is … Read more

Silver Gains 6% To $18.40/oz and Gold Consolidates Over $1,500/oz This Week

Silver Gains 6% To $18.40/oz and Gold Consolidates Over $1,500/oz This Week

] The Fed’s Inflation Gamble Continues 19 hours ago The fed’s inflation gamble continues… Are central banks trapped? Last week’s Fed statement and the press conference that followed proved to be the start of a US$90 (4.8%) decline in the gold price. Fed on Economic Recovery The Summary of Economic Projections (known as the dot-plots) … Read more

Gold At 2 Week High At $1,523/oz On Global Economy Concerns; Palladium At All Time Nominal High

Gold At 2 Week High At $1,523/oz On Global Economy Concerns; Palladium At All Time Nominal High

] Gold climbs as weak eurozone data underlines fears over global growth Gold hits 2-week high on growth fears, palladium scales new peak Global stocks sink on dismal economic data, mixed trade signals European Central Bank Pressures EU Countries To Stimulate The European Economy The Coming Currency War 2.0: Digital Money vs. the Dollar Fed’s … 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

Chinese Buy Gold In Large Volume In Holiday Week as Gold Jewelry Sales ‘Soar’

Chinese Buy Gold In Large Volume In Holiday Week as Gold Jewelry Sales ‘Soar’

] ◆ Gold is marginally lower today at $1,503/oz and stocks are mixed ahead of what are set to be tense U.S. and China trade negotiations. ◆ Gold sales are expected to accelerate through the end of the year due to weakening global economic conditions, according to Mike McGlone, a Bloomberg Intelligence senior commodity strategist … 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 Falls 3% In Week to One-Month Low At $1,464/oz As Banks and Hedge Funds Sell COMEX Futures Aggressively

Gold Falls 3% In Week to One-Month Low At $1,464/oz As Banks and Hedge Funds Sell COMEX Futures Aggressively

Gold Falls 3% In Week ◆ Gold is down 3% this week on concentrated selling of gold futures on the COMEX in New York. ◆ Stocks in Asia fell and European indices were mixed today due to conflicting signals between China and the U.S. regarding progress in resolving the trade war which is damaging global … Read more