Daily Market Update

Gold Is Acting As a “Hedge and Safe-haven Asset, Exactly When Investors Need One”

News and Commentary

Gold consolidates after fourth week of gains in a row (MarketWatch.com)

Gold to stage modest recovery from 19-month lows: Reuters poll ($1,300 in 2019) (Reuters.com)

Gold prices edge down despite fears trade war could ramp up (EconomicTimes)

LBMA to reveal size of London’s gold market on Nov. 20 (Reuters.com)

US may be planning tariffs on remaining $257 B in Chinese goods if Trump-Xi talks fail (CNBC.com)

“Safe-haven gold is again acting as a hedge and safe-haven asset, exactly when investors need one” said GoldCore (MarketWatch.com)

Gold Upleg Fuel Abounds (Zealllc.com)

Why Central Bank Buying Has the Gold Market Guessing (Bloomberg.com)

Monday’s fading stock-market rally is evidence that the worst is far from over for Wall Street (MarketWatch.com )

How much each U.S. president has contributed to the national debt (MarketWatch.com)

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Gold Prices (LBMA AM)

29 Oct: USD 1,230.75, GBP 958.88 & EUR 1,078.38 per ounce
26 Oct: USD 1,236.05, GBP 964.98 & EUR 1,087.23 per ounce
25 Oct: USD 1,232.15, GBP 954.67 & EUR 1,079.36 per ounce
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

Silver Prices (LBMA)

29 Oct: USD 14.65, GBP 11.42 & EUR 12.86 per ounce
26 Oct: USD 14.69, GBP 11.48 & EUR 12.94 per ounce
25 Oct: USD 14.74, GBP 11.43 & EUR 12.92 per ounce
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

Recent Market Updates

– Gold Gains Nearly 1% On Week As Global Stock Markets Fall Sharply
– Dublin Housing Boom Set To Bust?
– 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?

Mark O'Byrne
Executive Director


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