Central Banks to Increase Gold Buying for First Time Since 2013

News and Commentary

Central Banks to Increase Gold Buying for First Time Since 2013 (Bloomberg.com)

Gold hovers near 3-month peak as equities plunge (Reuters.com)

US official: Maduro ‘looting’ Venezuela’s gold amid crisis (KSL.com)

Dow erases gains for year, tumbles over 600 points and extends October swoon (CNBC.com)

Property asking prices slashed by £26,000 as UK housing market slows down (Independent.co.uk)

U.S. New-Home Sales Tumble to Lowest in Almost Two Years (Bloomberg.com)


Source: Bloomberg

Gold Is Becoming Cool Again (Gold-Eagle.com)

Sri Lanka calls for global coalition to tackle rising dollar (ArabNews.com)

Deutsche Bank Shares Tumble After Net Income Plunges 65% On Lowest Revenue In 8 Years (ZeroHedge.com)

Why the Information Revolution Failed (BonnerAndPartners.com)

Watching Palladium Make New All-Time Highs (ZeroHedge.com)

Gold prices on the move; pushing prices towards 1235.60 (FXStreet.com)

Listen on SoundCloud , Blubrry & iTunesWatch on YouTube below

Gold Prices (LBMA AM)

24 Oct: USD 1,231.65, GBP 952.80 & EUR 1,078.68 per ounce
23 Oct: USD 1,235.60, GBP 950.67 & EUR 1,076.45 per ounce
22 Oct: USD 1,222.90, GBP 938.09 & EUR 1,062.21 per ounce
19 Oct: USD 1,228.25, GBP 942.44 & EUR 1,073.12 per ounce
18 Oct: USD 1,224.60, GBP 933.76 & EUR 1,062.83 per ounce
17 Oct: USD 1,226.75, GBP 933.68 & EUR 1,061.38 per ounce

Silver Prices (LBMA)

24 Oct: USD 14.75, GBP 11.42 & EUR 12.92 per ounce
23 Oct: USD 14.71, GBP 11.33 & EUR 12.83 per ounce
22 Oct: USD 14.63, GBP 11.23 & EUR 12.72 per ounce
19 Oct: USD 14.61, GBP 11.21 & EUR 12.75 per ounce
18 Oct: USD 14.52, GBP 11.06 & EUR 12.60 per ounce
17 Oct: USD 14.65, GBP 11.16 & EUR 12.69 per ounce


Recent Market Updates

– Palladium Surges To All Time Record High On Russian Supply Concerns
– Happy Birthday GoldCore
– “IMF Warning Highlights Gold’s Importance As A Diversification and Happy Birthday GoldCore”
– End Of The Financial World?
– Gold Reserves Surge 1,000% In Hungary As It Joins Poland, Russia, China and Other Central Banks Buying Gold
– How Do You Sell Your Digital Gold When the Internet Goes Down?
– IMF Issues Dire Warning – ‘Great Depression’ Ahead?
– Poland Raises Gold Holdings to Record High in September – IMF
– Why It’s Worth Holding Gold Bullion in Your Portfolio

Mark O'Byrne

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