Daily Market Update

Gold Steadies After Falls As U.S., Iran Stepping Back From the Brink

Source: Bloomberg

◆ Haven demand ebbs as stocks climb with easing Mideast tensions

◆ Palladium retreats from fresh record but holds near $2,100

◆ There’s still very strong demand for gold “due to a host of financial, geopolitical and monetary risks,” said Mark O’Byrne, research director at GoldCore

Full article on Bloomberg


Gold Posts First Loss in 11 Sessions as Trump’s Speech Ebbs Iran War Worries

via Marketwatch

◆ Yellow metal falls from highest levels since 2013

◆ Gold prices fall after a 10-session run higher after a speech from President Donald Trump indicated that Iran may be “standing down”

◆ “From a trading perspective, gold is very overbought after the close to 10% move higher in the last 30 days,” said Mark O’Byrne, research director at GoldCore in Dublin. “However, given the scale of the geopolitical uncertainty could see gold stay overbought in the short term.”

Full article on Marketwatch


GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)
08-Jan-20 1582.85 1571.95, 1206.13 1197.35 & 1421.87 1412.87
07-Jan-20 1566.50 1567.85, 1190.85 1197.05 & 1402.80 1406.52
06-Jan-20 1576.85 1573.10, 1198.09 1197.29 & 1408.44 1406.51
03-Jan-20 1547.40 1548.75, 1182.37 1184.48 & 1389.57 1387.99
02-Jan-20 1520.55 1527.10, 1151.36 1161.51 & 1358.46 1366.91
31-Dec-19 1523.00,                1157.78 & 1358.06
30-Dec-19 1511.50 1514.75,  1152.37 1152.57 & 1350.22  1351.91
27-Dec-19 1510.60  1511.50, 1156.36 1152.67 & 1356.37  1353.85
24-Dec-19 1490.85                  1152.58 & 1345.94



Is Your Gold and Silver Bullion S.A.F.E. ?
Segregated, Actionable, Flexible and what are the total Expenses?


Watch Our Latest Video Update Here


SIGN UP FOR OUR AWARD WINNING MARKET UPDATES HERE


Mark O'Byrne
Executive Director

Read more...
Newsletter
Category
Archives
Popular

Global Economic Growth To Half Due To Coronavirus; Ultra Loose Monetary and Fiscal Policies To Devalue Currencies

The coronavirus is now present on every continent except Antarctic. Source: Johns Hopkins CSSE ◆ The coronavirus may plunge the global economy into the worst downturn and crisis since 2009, the OECD has warned as the virus is now present[...]

READ MORE

Gold Surges 3% After U.S. Fed’s First Emergency Rate Cut Since 2008

◆ Gold surged 3% yesterday and has consolidated on those gains today; it was gold's largest daily gain since June 2016 as the Fed delivered a surprise emergency rate cut, the first since the 2008 crisis ◆ Gold has gained[...]

READ MORE