Gold and Silver Prices and News

Dollar strength “likely to be fleeting given the poor fiscal situation of the U.S.” said GoldCore (Marketwatch)

Gold at 3-month low after Yellen hints at possible rate hike (Reuters)

Funds Step Back From Gold Before Yellen Says Rate Rise Is Coming (Bloomberg)

Australian gold output slips 2 pct as miners dig lower grade ore (Reuters)

1,400 Soldiers & 400 vehicles: US troops head to the Baltics for massive military drills (Newsweek)

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Expect gold at $2,200 per ounce gold – Ing (321Gold.com)

Why China’s Largest Bank Just Bought a Massive Gold Vault (Fool.com)

Trickle-Down Crash? Trophy Assets Suddenly Tanking (Dollar Collapse)

Gold has been a bubble for millennia? – (FT via GATA)

House prices compared with earnings ‘close to pre-financial crisis levels’ (The Guardian)

Gold Prices (LBMA AM)
30 May: USD 1,221.25, EUR 1,092.16 and GBP 833.50 per ounce (No fix as Spring Holiday in UK)
27 May: USD 1,221.25, EUR 1,092.16 and GBP 833.50 per ounce
26 May: USD 1,226.65, EUR 1,097.24 and GBP 834.37 per ounce
25 May: USD 1,220.75, EUR 1,094.77 and GBP 834.63 per ounce
24 May: USD 1,242.65, EUR 1,111.18 and GBP 852.71 per ounce

Silver Prices (LBMA)
30 May: USD 16.30, EUR 14.58 and GBP 11.12 per ounce (No fix as Spring Holiday in UK)
27 May: USD 16.30, EUR 14.58 and GBP 11.12 per ounce
26 May: USD 16.46, EUR 14.73 and GBP 11.20 per ounce
25 May: USD 16.21, EUR 14.54 and GBP 11.06 per ounce
24 May: USD 16.27, EUR 14.55 and GBP 11.14 per ounce

Recent Market Updates
– Gold Prices Should Rise Above $1,900/oz -“Get In Now!”
– World’s Largest Asset Manager Suggests “Perfect Time” For Gold
– Gold As “Extremely Low-Risk Asset” – Rogoff Advises Creditor Nations
– Silver – “Best Precious Metals Trade”
– Bank Bail-Ins Pose Risks To Depositors, Investors & Economies
– Take Delivery of Gold and Silver Coins, Store Gold Bars – Hobbs
– George Soros Buying Gold ETF And Gold Shares In Q1
– Hedge Funds Take Record Long Silver Position As Silver Bullion Deficit Surges