Daily Market Update

Gold Extends Gains After Dovish Fed Stance

Gold and Silver Bullion – News and Commentary

Gold prices extend gains after dovish Fed stance (Reuters.com)

Nikkei, Kospi slide as automaker stocks tumble on new Trump tariff threat (MarketWatch.com)

Fed indicates it will let inflation run above 2 percent goal for ‘temporary period’ (CNBC.com)

Stock market stages rebound after Fed minutes hint at gradual rate hikes (MarketWatch.com)

U.S.-China trade deal ‘too hard to get done,’ Trump says (Reuters.com)


Source: Bloomberg.com

American Default – U.S. government’s devaluation of the dollar, repudiation of debt, and confiscation of monetary gold in 1933 (Part II) (Bloomberg.com)

Gold miner AngloGold Ashanti to cut South Africa jobs as costs rise (Fin24.com)

Spanish Galleon Laden with L13 billion in Gold Found at Bottom of Caribbean Sea, 300 Years after Sinking (Independent.co.uk)

Marshall Islands replaces U.S. dollar with its own cryptocurrency (TheVerge.com)

Blockchain Will Completely Revolutionize How We Mine Gold and Precious Metals (USFunds.com)

 

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Gold Prices (LBMA AM)

23 May: USD 1,294.00, GBP 967.91 & EUR 1,102.88 per ounce
22 May: USD 1,293.90, GBP 961.24 & EUR 1,095.29 per ounce
21 May: USD 1,285.85, GBP 959.24 & EUR 1,095.67 per ounce
18 May: USD 1,287.20, GBP 954.20 & EUR 1,091.16 per ounce
17 May: USD 1,288.85, GBP 952.07 & EUR 1,090.50 per ounce
16 May: USD 1,291.75, GBP 958.61 & EUR 1,093.60 per ounce
15 May: USD 1,310.05, GBP 966.42 & EUR 1,098.35 per ounce

Silver Prices (LBMA)

23 May: USD 16.53, GBP 12.38 & EUR 14.11 per ounce
22 May: USD 16.58, GBP 12.32 & EUR 14.04 per ounce
21 May: USD 16.34, GBP 12.19 & EUR 13.91 per ounce
18 May: USD 16.39, GBP 12.16 & EUR 13.92 per ounce
17 May: USD 16.39, GBP 12.14 & EUR 13.90 per ounce
16 May: USD 16.26, GBP 12.07 & EUR 13.79 per ounce
15 May: USD 16.41, GBP 12.12 & EUR 13.77 per ounce


Recent Market Updates

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– Oil Price Is Going To Keep Rising And Inflation Is Coming
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– “Oil price highest in 3 years, gold ready to follow”, by Daniel March
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– “Money Is Gold — and Nothing Else”
– U.K. Home Prices Plunge 3.1% In April – Largest Monthly Drop Since Financial Crisis In 2011

Mark O'Byrne
Executive Director

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