Gold at 3-Month Highs; Flirts With $1,250 as Stocks Tumble

News and Commentary

Gold edges higher as political, economic concerns lend support (Reuters.com)

Trump calls Khashoggi murder ‘worst cover-up in history’ (BBC.com)

Miner Fresnillo trims silver output guidance (Reuters.com)

Euro zone businesses hit the brakes as trade war stalls growth (Reuters.com)

U.S. Stock Futures Decline as Europe Bucks Selloff (Bloomberg.com)

U.K. Cabinet at War Over Theresa May’s Brexit Plan (Bloomberg.com)

China will ‘compel’ Saudi Arabia to trade oil in yuan (CNBC.com)


Source: Bloomberg

Brexit Bulletin: May Faces Open Conflict (Bloomberg.com)

Financial Extremes, The Everything Bubble and Gold (Gata.org)

Stock market faces ‘unlimited downside risk,’ warns veteran trader (Marketwatch.com)

We Have Far More Control Than They Want Us To Believe
(Sovereignman.com)

Trump says Fed Chairman Powell ‘almost looks like he’s happy raising interest rates’ (Zerohedge.com)

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Gold Prices (LBMA AM)

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
16 Oct: USD 1,228.85, GBP 931.35 & EUR 1,061.73 per ounce
15 Oct: USD 1,233.00, GBP 937.70 & EUR 1,064.45 per ounce

Silver Prices (LBMA)

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
16 Oct: USD 14.76, GBP 11.16 & EUR 12.74 per ounce
15 Oct: USD 14.74, GBP 11.19 & EUR 12.71 per ounce


Recent Market Updates

– “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
– Gold’s Best Day In 2 Years Sees 2.5 Percent Gain As Global Stocks Sell Off – This Week’s Golden Nuggets
– Gold Up 2.5 Percent As Global Stock Rout Spreads To Europe

Mark O'Byrne

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