Daily Market Update

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)

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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
Executive Director

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