GoldCore News

Gold Holds Steady Near $1,300/oz As Geopolitical Risks Including Brexit Loom Large

Gold Holds Steady Over £1,000 – Increased Likelihood Of A Disorderly Brexit – Gold supported near $1,300/oz ahead of important British Brexit no-confidence vote – Gold is consolidating in range between $1,280 and $1,300/oz (over £1,000/oz and €1,100/oz) – A break of resistance at $1,300 will likely see gold rise rapidly in all currencies – Physical demand […]

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Gold Firm As EU Expresses Horror at Brexit Vote, Refuses to Reopen Deal

News and Commentary Gold holds firm on failed Brexit vote, Fed rate hike pause hopes (CNBC.com) UK leader Theresa May suffers resounding defeat on her Brexit divorce deal (CNBC.com) China Stimulus Talk Clip’s Gold’s Bid For $1,300 (Investing.com) Fed’s George, often hawkish, says it might be good time for interest-rate pause (MarketWatch.com) Empire State manufacturing index […]

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Turbulence and Brexit Make Safer Options Like Gold and Cash Essential

Turbulence and Brexit Make Safer Options Like Gold and Cash Essential – Turbulent markets and Brexit mean it is essential to consider safer options like gold – You need to take some risk in a portfolio – cash, gold and planning are essential – To build a financial fortune & long-term wealth one must diversify […]

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Turbulence and Brexit Make It Essential to Consider Safer Options Like Gold

News and Commentary May Faces Worst Government Defeat in 95 Years in Brexit Vote (Bloomberg.com) Gold steady as dollar gains on fears of economic slowdown (Reuters.com) Gold prices finish higher, but $1,300 remains just out of reach (MarketWatch.com) Newmont takes top gold producer spot with $10 billion Goldcorp buy (Reuters.com) Wall Street falls as China prompts […]

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Where Will The “Pending” Financial Crisis Originate?

– Case for a pending financial collapse is well grounded warns Rickards – “Ticking time bomb” the Federal Reserve has created is set to go off… – Economist warns U.S. high-yield debt, default of “junk bonds” could cause next crisis – Systemic risk is “more dangerous than ever” as “entire system is larger than before” […]

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“Swimming In An Ocean Of Debt”: Gundlach Sounds The Alarm Over $122 Trillion In Unfunded Liabilities

News and Commentary Stocks Fall, Bonds Climb as China Data Disappoints: Markets Wrap (Bloomberg.com) May to Set Out EU Assurances to Try to Save Deal: Brexit Update (Bloomberg.com) Gold prices edge higher on expectations of Fed pause (Reuters.com) Gold Prices Aim Higher as Viacom Exits China, Souring Risk Appetite (DailyFX.com) Goldman Predicts Gold Prices to Climb […]

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Gold and Silver Prices To Rise To $1,650 and $30 By 2020? Video Update

– Gold to outperform stocks again in 2019 as seen in 2018 and last 15 years – 15% to 20% gains for gold and 30% to 40% gains for silver quiet likely – Given scale of under valuation, strong fundamentals including robust demand and anemic supply and high level of risk, both precious metals are […]

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Goldman Predicts Gold Prices to Climb to Highest Since 2013

News and Commentary Goldman Predicts Gold Prices to Climb to Highest Since 2013 (Finance.Yahoo.com) Gold prices inch up as dollar softens on Fed rate outlook (Reuters.com) Asia stocks reach five-week high, yuan makes big weekly gains (Reuters.com) Newmont cuts 120 jobs at Nevada gold mining operation (Reuters.com) Wall Street inches lower on Powell’s comments, retail weakness […]

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Gold Outlook 2019: Uncertainty Makes Gold A “Valuable Strategic Asset” – WGC

Gold Outlook 2019 – World Gold Council As we look ahead, we expect that the interplay between market risk and economic growth in 2019 will drive gold demand. And we explore three key trends that we expect will influence its price performance: financial market instability monetary policy and the US dollar structural economic reforms. Against […]

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Palladium Hits Record High on China Impetus; Lower Dollar Lifts Gold

News and Commentary Palladium hits record high on China impetus; lower dollar lifts gold (Reuters.com) Gold lifted by weaker dollar as market ponders pace of Fed interest-rate hikes (MarketWatch.com) Bank of England’s Carney sees China’s yuan as possible reserve currency (Reuters.com) ISIS ‘kills’ five UK soldiers in Syria rocket attack (RT.com) Stock Rally Takes a Break […]

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Blackrock Say Gold Will Be A “Valuable Portfolio Hedge” In 2019

– “We’re experiencing a slowdown,” says Blackrock fund manager – Global Allocation Fund adding to gold exposure through ETFs –  Gold “has had a very consistent record of helping mitigate equity risk when volatility is rising” – Gold bullion has been a “store of value for a very long time” by Bloomberg News Gold may extend […]

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Global Gold-Backed ETF Holdings Grew 3% In 2018

News and Commentary Stocks Advance on Renewed Trade Hopes; Oil Climbs: Markets Wrap (Bloomberg.com) Gold steady as market awaits news on trade deal (Reuters.com) World Bank sees global growth slowing in 2019 to 2.9% (Reuters.com) Gold prices end with a loss as stocks, dollar advance (MarketWatch.com) World stocks rise on U.S.-China trade talk hopes (Reuters.com) Global […]

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Financial Advice In 2019: Own Gold To Hedge $250 Trillion Global Debt Bubble – GoldCore In Irish Times

– Financial advice needed in 2019? Let six experts guide you – Save regularly, switch your mortgage, check up on tax reliefs & hedge risks in 2019 by diversifying into gold – “There are also very real risks posed by the global debt bubble as the world nears $250 trillion in debt and the global debt-to-GDP […]

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10 Biggest Risks in the World according to Eurasia Group

News and Commentary U.S. Stock Futures Climb With Europe; Dollar Gains (Bloomberg.com) Gold falls on improved risk sentiment, dollar recovery (Reuters.com) Perth Mint’s Dec gold sales slump 55 pct m/m, silver sales drop (Reuters.com) Asian shares propped up by hopes for Sino-US trade deal, cautious Fed (Reuters.com) Fed pause expectations keep lid on dollar (Reuters.com) SNB’s […]

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China Adds 320,000 Ounces To Gold Reserves – First PBOC Purchase Since October 2016

– China increases gold holdings by large 320,000 ounces – Gold bullion remains a tiny component of the People’s Bank of China massive foreign exchange (FX) reserves which rose to $3.073 trillion – China’s gold reserves rose for first time since October 2016 to 59.56 million ounces by the end of December (1,853 metric tons) from 59.24 […]

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Gold Could Climb to $1,400 Amid Slowdown Concerns

News and Commentary Traders and Analysts Bullish for 8th week in Bloomberg Survey (Bloomberg.com) Gold up as Fed stance pricks dollar, stocks rally cap gains (Reuters.com) Gold smuggling to Japan falls; Concerns remain ahead of October tax hike to 10% (JapanTimes.co.jp) Trump, Democrats hold ‘contentious’ talks, fail to end shutdown (Reuters.com) Gold falls Friday, edges up […]

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Gold At 6 Month High At $1,300 and All Time Record Highs In Australian Dollars Over $1,870

– Gold over 6-month high at $1,300 on global slowdown fears – Bullion surges 5% in December and consolidates on gains this week – Gold surges to all time record highs in Australian dollars ($1,871) – Safe haven demand for safe havens as risk assets sold – Apple’s poor outlook sees stocks fall; Markets now wagering on […]

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Gold Bursts Above $1,300 as Slowdown Tremors Spur New Year Rally

News and Commentary Gold Bursts Above $1,300 as Slowdown Tremors Spur New Year Rally (Bloomberg.com) Gold climbs to over 6-month peak on global slowdown fears (Reuters.com) House passes bill to end government shutdown without border wall money (CNBC.com) Markets now wagering on Fed rate cut, China-U.S. trade talks calm nerves (Reuters.com) Apple Woes Send Stocks Swooning […]

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Gold Hedges Stock Market Falls In 2018 Gaining 2.7% In Euros and 3.8% In Pounds

– Gold acts as hedge in 2018 – up 2.7% and 3.8% in euros and pounds (see tables & charts) – Stocks fall sharply – S&P500, FTSE & Euro Stoxx 5o fall 6.25%, 12.5% & 15% respectively – Worst year for most international equity indices since 2008 – Sharp falls in economically sensitive commodities: oil (WTI), […]

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Gold Highest Since June Amid Wobbly 2019 Start For Stocks

News and Commentary Gold futures settle at highest since June (MarketWatch.com) Gold Opens 2019 With Fanfare as Warning Signs Flash on Growth (Bloomberg.com) Gold gains on global growth fears, falling Asian stocks (Reuters.com) Dow futures drop more than 300 points as tech shares get hit after hours on a warning from Apple (CNBC.com) Brexit ‘bad or […]

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