Gold Jumps To $1,345 Per Ounce As U.S. Only Created 75K Jobs In May – Weekly Gain Now 3%

Gold Jumps To $1,345 Per Ounce As U.S. Only Created 75K Jobs In May - Weekly Gain Now 3%

] Gold Is 3% Higher This Week As Dollar, U.S. and Global Economy Weaken GoldCore.com Gold prices jumped to $1,345 per ounce soon after the U.S. non farm payrolls showed that the U.S. created a meager 75,000 jobs in May, taking it’s weekly gain to 3%. Gold prices consolidated on this week’s 2.2% rise by … Read more

Gold At 6 Year Highs and Set For 7th Weekly Gain, Longest Stretch of Gains in 8 Years

Gold At 6 Year Highs and Set For 7th Weekly Gain, Longest Stretch of Gains in 8 Years

] by Bloomberg News Non-farm payrolls could provide clues on the Fed’s next move Gold bullion set for seventh weekly gain as looser policy expected Should put more than ‘5%-10% of your portfolio in gold’ today Gold is headed for the longest stretch of weekly gains since 2011 as investors count down to the release … Read more

Gold Consolidates Near All Time Highs in Euros; Set For Weekly Gain and Monthly Gain Of 4% In USD

Gold Consolidates Near All Time Highs in Euros; Set For Weekly Gain and Monthly Gain Of 4% In USD

] Gold in EUR – 5 Years (GoldCore,com) ◆ Gold has rallied 0.4% to $1,581.70/oz today and is at £1,204.60/oz and €1,431/oz, very close to the all time record high in euros seen on January 8th ◆ Concerns about the coronavirus are leading to risk aversion which is impacting economically sensitive, risk assets in the … Read more

Gold Falls 0.6% After Having A Seven Year Weekly High Close and 4% Gain In January

Gold Falls 0.6% After Having A Seven Year Weekly High Close and 4% Gain In January

] Gold falls from seven year high weekly close ◆ Gold prices fell 0.6% today after reaching a seven year weekly high close at $1587.90/oz on Friday, gold’s highest weekly price settlement since March 2013, a 4% gain in January and its second straight monthly climb. ◆ Chinese stocks crashed over 7.7% overnight as investors … Read more