Gold Falls To 2 Month Low At $1,460/oz; UBS Increases Forecast to $1,730 Next Year

1, October

NEWS and COMMENTARY

Gold lingers near 2-month low, robust dollar weighs

Gold drops below the key $1,500 mark to post lowest finish in 2 months

Euro drops to 28-month low on growth concerns

UBS Doubles Down On Gold — Ups Its Forecast Again, up to $1,730 in 2020

Oil falls, Brent posts biggest quarterly drop this year on demand fears

Saudi Crown Prince Says Iran War Would Bring Down Global Economy

U.S. dollar share of global currency reserves (61.63%) at lowest since 2013

Watch latest GoldCore video here

Watch Video Here

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

30-Sep-19 1487.60 1485.30, 1208.38 1206.06 & 1361.75 1362.17
27-Sep-19 1496.15 1489.90, 1218.17 1209.05 & 1369.58 1362.51
26-Sep-19 1507.05 1506.40, 1223.72 1219.28 & 1378.50 1374.89
25-Sep-19 1530.85 1528.75, 1231.11 1234.62 & 1391.24 1391.77
24-Sep-19 1520.25 1520.65, 1220.76 1216.67 & 1382.36 1381.36
23-Sep-19 1519.50 1522.10, 1222.13 1225.90 & 1385.48 1385.11
20-Sep-19 1504.10 1501.90, 1199.07 1203.62 & 1361.06 1362.52
19-Sep-19 1498.40 1500.70, 1200.67 1201.76 & 1354.85 1357.08
18-Sep-19 1502.20 1503.50, 1206.27 1204.90 & 1360.39 1359.92
17-Sep-19 1499.30 1502.10, 1208.89 1207.24 & 1361.51 1360.45
16-Sep-19 1502.05 1497.20, 1207.35 1203.30 & 1357.25 1359.46
13-Sep-19 1506.30 1503.10, 1209.41 1208.19 & 1356.88 1358.35
12-Sep-19 1502.95 1515.20, 1219.94 1227.46 & 1362.88 1373.53
11-Sep-19 1493.65 1490.65, 1208.21 1209.07 & 1354.74 1355.90

SIGN UP FOR OUR AWARD WINNING MARKET UPDATES HERE

Mark O'Byrne

Also on news-goldcore-com

Videos

When will Silver Break Out? Is Triple Digit Silver Still on the Cards?

2 days ago

Is Gold Still in a Bull Market?

1 month ago

Gold Mining Operation Supply Issues Points to a Sustained Bull Market for Gold

1 month ago

Blog posts

Quantitative Easing: A Boon or Curse?

1 week ago

Central banks’ massive Quantitative Easing (QE) programs have come under scrutiny many times since the central banks fired up the printing press and began quantitative easing programs en masse after the 2008-09 Great Financial Crisis. However, the increase in central bank assets due to quantitative easing programs during the crisis pale in comparison to the […]

The Fed’s Inflation Gamble Continues

1 month ago

The fed’s inflation gamble continues… Are central banks trapped? Last week’s Fed statement and the press conference that followed proved to be the start of a US$90 (4.8%) decline in the gold price. Fed on Economic Recovery The Summary of Economic Projections (known as the dot-plots) released with the statement showed that committee members changed […]

Gold to Gain Momentum in 2021 – Here’s Why

2 months ago

Big ideas are like supertankers filled with oil; both take forever to get moving. The move from one state to another is a boring form of entertainment. However, each is impossible to stop once the momentum has built. Substantial progress can be seen over a period of time and one can notice and understand the […]

Featured

2 months ago

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

2 months ago

How High is Too High for Rising Government Bond Yields?

2 months ago

Silver – 7 Reasons it is Still Set to Soar