Daily Market Update

Gold Breaks Out From Trendline Resistance

News and Commentary

Gold books slight gain as stock-market bulls take a breather (MarketWatch.com)

Gold firms as U.S. stocks retreat; strong dollar caps gains (Reuters.com)

Italy to pass decree on Thursday to reimburse savers hit by bank rescues (Reuters.com)

U.S. new construction plunged about 53.9% (GoldReview.com)

Bitcoin’s Sudden Surge Propels It Above $5,000 (Bloomberg.com)


Source: Bloomberg

Gold Is Heading Towards $1,400, Not $1,200 — Bloomberg Intelligence (Bloomberg.com)

All the Reasons to Fret About the Global Economy, in Charts (Bloomberg.com)

How A ‘No Deal’ Brexit Could Lead To The “Lehmanization” Of Europe (ZeroHedge.com)

Brexit batters businesses and the economy as cliff edge looms (Independent.co.uk)

Ireland Property Rush Risks Repeat of Crisis (Bloomberg.com)

Gold breaks out from trendline resistance (IG.com)

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Gold Prices (LBMA PM)

02 Apr: USD 1,287.20, GBP 984.97 & EUR 1,148.95 per ounce
01 Apr: USD 1,291.90, GBP 987.27 & EUR 1,149.15 per ounce
29 Mar: USD 1,291.15, GBP 991.09 & EUR 1,151.19 per ounce
28 Mar: USD 1,306.90, GBP 995.20 & EUR 1,161.18 per ounce
27 Mar: USD 1,318.25, GBP 997.78 & EUR 1,168.23 per ounce
26 Mar: USD 1,315.25, GBP 993.15 & EUR 1,162.02 per ounce

Silver Prices (LBMA)

02 Apr: USD 15.02, GBP 11.51 & EUR 13.42 per ounce
01 Apr: USD 15.07, GBP 11.50 & EUR 13.42 per ounce
29 Mar: USD 15.10, GBP 11.52 & EUR 13.45 per ounce
28 Mar: USD 15.19, GBP 11.58 & EUR 13.53 per ounce
27 Mar: USD 15.40, GBP 11.65 & EUR 13.65 per ounce
26 Mar: USD 15.44, GBP 11.66 & EUR 13.65 per ounce

Recent Market Updates

– Central Banks Continue to Buy Gold at a Record Clip
– ItalExit and Cyber Risks in a Cashless World May Be Bigger Risks Than Brexit : Interview with GoldCore CEO
– Ireland and EU Countries Must Seek ECB Approval to Manage Gold Reserves – Draghi
– Global Risks Increasing – Underlining The Case For Gold in 2019 (GoldCore Video Presentation)
– Brexit and Learning To “Live With Boom and Bust Economic Cycles”
– ‘No Deal’ Brexit Risk Impacting UK and Irish Economies – Gold Gains On Recession Concerns
– America’s “Debt Crisis Is Coming Soon”
– Russia Buys 1 Million Ounces Of Gold In February – Become Your Own Central Bank

Mark O'Byrne
Executive Director

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