Gold Breaks Above $1,350, €1,200 and £1,060 – Risk Of War In The Middle East

GoldCore Note

Gold prices jumped another 1% today, surpassing the key $1,350 level for the first time since April last year. Gold made strong gains in all currencies including the euro and the pound, rising above €1,200 and £1,060 per ounce respectively.

Gold in EUR – 1 Year


Poor economic data from China, the UK, the EU and the United States, and a significant escalation in tensions in the Middle East is seeing an increase in safe haven demand.

Spot gold climbed 1% to $1,356 per ounce by late morning in Europe. It reached its highest level since April 11, 2018 at $1,358.04 in early European trading.

Frequently, gold prices go lower as gold futures get sold in volume as U.S. markets open. However, as the drums of war with Iran bang louder and given the scale of the tensions in the Middle East, gold should see more hedging and safe haven demand today as we head into the weekend.

Gold bullion has gained another 1.2% so far this week and the precious metal is on track for its fourth consecutive weekly gain which bodes well technically.

Silver also gained 1% to $15.05, its highest in a week, while platinum gained 0.7% to $813.08.

Palladium has surged 7% this week and rose another 0.4% to $1,450/oz today. Palladium is on track for its best week in nearly 9 months.



LBMA Gold Prices (USD, GBP & EUR – AM/ PM Fix)

13-Jun-19 1335.80 1335.90, 1054.21 1052.69 & 1182.85 1184.81
12-Jun-19 1336.65 1332.35, 1049.27 1045.76 & 1179.99 1177.26
11-Jun-19 1322.65 1324.30, 1040.53 1041.30 & 1168.96 1170.42
10-Jun-19 1328.60 1328.60, 1046.94 1048.66 & 1175.41 1175.94
07-Jun-19 1334.30 1340.65, 1049.16 1052.14 & 1184.19 1184.60
06-Jun-19 1336.65 1335.50, 1053.15 1051.17 & 1189.62 1185.92
05-Jun-19 1337.75 1335.05, 1052.01 1049.22 & 1185.38 1184.99
04-Jun-19 1323.60 1324.25, 1045.51 1043.77 & 1177.47 1177.26
03-Jun-19 1313.95 1317.10, 1039.47 1042.35 & 1175.99 1175.38


News and Commentary

Gold Extends Advance to Third Straight Session on Fed Rate-cut View, Geopolitical Ripples

Gold Gains as Fed Rate Cut Expectations Provide Support

European Stocks Trade Lower Amid Middle East Tensions

Tanker Attacks Reignite Oil Fear Premium, Prices Could Spike to $80

U.S. Weekly Jobless Claims Rise; Imported Inflation Subdued


Watch video here

JEFFREY GUNDLACH : ‘I Am Certainly Long Gold’

Beijing May Face Consequences if Chinese President Refuses to Meet With Trump at G-20 Threatens Kudlow

The Fed Has No Choice But to Return to Ultra-Low Interest Rates

With Tariffs Trump is Destroying Dollar and U.S. Power – Salinas Price

A Morgan Stanley Economic Indicator Just Suffered a Record Collapse





Mark O'Byrne

Also on news-goldcore-com

Videos

Jim Rogers 2022- The Worst Bear Market is Coming

Silver Price Prediction 2022: David Morgan

Gold In 2022- Very Bullish Chart Patterns Developing

Blog posts

Jim Rogers 2022- The Worst Bear Market is Coming

Legendary investor and adventure capitalist Jim Rogers joins Dave Russell of GoldCore TV to discuss the next bear market, China’s decline, and his top investments. Watch the full episode to learn more. Click the Video Below to Watch Make sure you don’t miss a single episode… Subscribe to our YouTube channel Silver Price Prediction 2022Watch ‘Silver Guru’ […]

READ MORE

European Energy Crisis: 4 Things You MUST Know!

European Energy Crisis: 4 Reasons You MUST Know! European households are facing rising prices on many goods and services, but one particular standout is electricity and gas bills. According to Bank of America, European household gas bills are expected to rise to €1,850 in 2022 from €1,200 in 2020 (an ~55% increase). Natural gas prices […]

READ MORE

Silver Price Prediction 2022: David Morgan

This week, ‘The Silver Guru’ David Morgan of The Morgan Report joins Dave Russell to explore what might happen in the silver market in 2022, as well as what makes silver the world’s most undervalued metal. Watch the full episode to learn more. Click the Video Below to Watch Make sure you don’t miss a […]

READ MORE

Featured

Gold, the Tried-and-True Inflation Hedge for What’s Coming!

READ MORE

How High is Too High for Rising Government Bond Yields?

READ MORE

Silver – 7 Reasons it is Still Set to Soar

READ MORE
Newsletter
Category
Archives
Popular

No posts available

Videos

Jim Rogers 2022- The Worst Bear Market is Coming

Silver Price Prediction 2022: David Morgan

Gold In 2022- Very Bullish Chart Patterns Developing

Blog posts

Jim Rogers 2022- The Worst Bear Market is Coming

Legendary investor and adventure capitalist Jim Rogers joins Dave Russell of GoldCore TV to discuss the next bear market, China’s decline, and his top investments. Watch the full episode to learn more. Click the Video Below to Watch Make sure you don’t miss a single episode… Subscribe to our YouTube channel Silver Price Prediction 2022Watch ‘Silver Guru’ […]

READ MORE

European Energy Crisis: 4 Things You MUST Know!

European Energy Crisis: 4 Reasons You MUST Know! European households are facing rising prices on many goods and services, but one particular standout is electricity and gas bills. According to Bank of America, European household gas bills are expected to rise to €1,850 in 2022 from €1,200 in 2020 (an ~55% increase). Natural gas prices […]

READ MORE

Silver Price Prediction 2022: David Morgan

This week, ‘The Silver Guru’ David Morgan of The Morgan Report joins Dave Russell to explore what might happen in the silver market in 2022, as well as what makes silver the world’s most undervalued metal. Watch the full episode to learn more. Click the Video Below to Watch Make sure you don’t miss a […]

READ MORE

Featured

Gold, the Tried-and-True Inflation Hedge for What’s Coming!

READ MORE

How High is Too High for Rising Government Bond Yields?

READ MORE

Silver – 7 Reasons it is Still Set to Soar

READ MORE