Daily Market Update

Gold Futures Suggest Gold Has Bottomed

Gold and Silver Bullion – News and Commentary

PRECIOUS-Gold rises as U.S. rate-hike view grounds dollar (Reuters.com)

Gold prices rise as U.S. rate hike view grounds dollar (Reuters.com)

U.S. Retreat From Trade Deals Poses a New Threat to Dollar (WSJ.com)

Stock Markets Flashing Green, Dollar Slips While Gold Shines (Investing.com)

Consumer sentiment is unchanged in early May – University of Michigan (MarketWatch.com)


Source: Bloomberg

Gold Futures Suggest Gold Has Bottomed (BloombergQuint.com)

The Truth About Gold That Neither Bugs Nor Bulls Like to Admit (ZeroHedge.com)

An “Audible Gasp” Was Heard When The Chicago Fed Unveiled Its “Solution” To The Pension Problem (ZeroHedge.com)

Who will win the battle of the tech firms – America’s west or China’s east? (MoneyWeek.com)

The charts that matter: some respite from the rising dollar (MoneyWeek.com)

 

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Gold Prices (LBMA AM)

11 May: USD 1,324.80, GBP 978.23 & EUR 1,110.45 per ounce
10 May: USD 1,314.80, GBP 969.27 & EUR 1,106.80 per ounce
09 May: USD 1,306.85, GBP 965.11 & EUR 1,102.07 per ounce
08 May: USD 1,310.05, GBP 969.44 & EUR 1,101.88 per ounce
04 May: USD 1,309.35, GBP 965.78 & EUR 1,094.09 per ounce
03 May: USD 1,313.30, GBP 966.19 & EUR 1,094.64 per ounce
02 May: USD 1,310.75, GBP 960.52 & EUR 1,091.99 per ounce

Silver Prices (LBMA)

11 May: USD 16.76, GBP 12.35 & EUR 14.04 per ounce
10 May: USD 16.60, GBP 12.24 & EUR 13.97 per ounce
09 May: USD 16.44, GBP 12.12 & EUR 13.84 per ounce
08 May: USD 16.45, GBP 12.17 & EUR 13.85 per ounce
04 May: USD 16.42, GBP 12.10 & EUR 13.72 per ounce
03 May: USD 16.47, GBP 12.12 & EUR 13.74 per ounce
02 May: USD 16.35, GBP 11.98 & EUR 13.62 per ounce


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Mark O'Byrne
Executive Director

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