Gold Gains as Financial Concerns See Safe Haven Diversification

◆ Gold rose 1% last week and had its second week of gains which is positive from a technical and a momentum perspective.

Spot gold was flat in late morning trading in Europe at $1,770.30 per ounce which is just $10 shy of a near eight year high of $1,779.06, hit last week.


NEWS and COMMENTARY

Gold gains as virus concerns boost safe-haven appeal

Gold ends higher to tally a second straight weekly gain

Gold prices slip again as U.S. dollar firms, despite rise COVID-19 cases

Gold firm as mounting virus cases drive safe haven demand

IMF warns disconnect in financial markets risks a correction in asset prices

Total of those receiving unemployment benefits falls below 20 million

The Second Great Depression



GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)

26-Jun-20 1762.10 1747.60, 1420.61 1414.51 & 1570.03 1559.91
25-Jun-20 1758.55 1756.55, 1412.64 1414.73 & 1565.29 1565.79
24-Jun-20  1775.70 1766.05, 1420.74 1416.90 & 1573.63 1567.55
23-Jun-20  1755.60 1768.90, 1409.85 1416.36 & 1556.17 1560.70
22-Jun-20  1745.45 1761.85, 1405.26 1418.11 & 1555.72 1567.17
19-Jun-20  1728.55 1734.75, 1392.17 1401.16 & 1541.18 1545.49
18-Jun-20  1732.65 1719.50, 1384.73 1383.51 & 1539.29 1532.93
17-Jun-20  1717.30 1724.35, 1368.69 1375.17 & 1527.88 1537.26
16-Jun-20  1728.35 1719.85, 1366.61 1361.78 & 1525.44 1526.54
15-Jun-20  1710.40 1710.45, 1365.58 1361.52 & 1520.72 1516.83
12-Jun-20  1735.85 1733.50, 1374.10 1378.13 & 1533.28 1534.15
11-Jun-20  1731.90 1738.25, 1361.79 1373.74 & 1519.57 1528.10

10-Jun-20  1717.65 1722.05, 1346.64 1350.26 & 1511.88 1515.23



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Mark O'Byrne

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