Daily Market Update

Gold Keeps Above 200 Day MA and 50% Retracement

Gold and Silver Bullion – News and Commentary

Stocks Mixed as 10 Year Yields Rise to 3%, Oil Climbs on Iran (Bloomberg.com)

Gold prices dip as dollar regains footing (Reuters.com)

Gold reports losses as DXY holds near 4.5-month high (FXStreet.com)

Trump announces withdrawal from Iran nuclear deal: recap (MarketWatch.com)

Trump pulls U.S. from Iran nuclear deal, to revive sanctions (Reuters.com)


Source: Michalowski via ForexLive

Gold keeps above 200 day MA and 50% retracement (ForexLive.com)

BIS gold derivatives down in March, back up in April (Gata.org)

The Big One Coming? Los Angeles Area Rocked By 4.5 Magnitude Earthquake (ZeroHedge.com)

The Fed Has Robbed the Future (DailyReckoning.com)

This mania for mergers is not how capitalism is meant to be (MoneyWeek.com)

 

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Gold Prices (LBMA AM)

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
01 May: USD 1,309.20, GBP 956.37 & EUR 1,087.68 per ounce
30 Apr: USD 1,316.25, GBP 958.62 & EUR 1,087.62 per ounce
27 Apr: USD 1,317.70, GBP 954.41 & EUR 1,090.79 per ounce

Silver Prices (LBMA)

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
01 May: USD 16.25, GBP 11.87 & EUR 13.51 per ounce
30 Apr: USD 16.38, GBP 11.93 & EUR 13.54 per ounce
27 Apr: USD 16.53, GBP 12.01 & EUR 13.68 per ounce


Recent Market Updates

– U.K. Home Prices Plunge 3.1% In April – Largest Monthly Drop Since Financial Crisis In 2011
– Weekly Gold Update – Gold In Dollars Lower Despite Poor US Jobs and Other Data
– Own Some Gold and Avoid Overvalued Assets
– Gold Demand Falls In Q1 Despite Robust Central Bank and Investment Demand and Surging Demand In Turkey and Iran
– Smart Money Diversifying Into Gold – One Billionaire Invests Half His Net Worth
– “Blood In The Streets” Of U.S. Gold Bullion Market As Sale Of Gold Coins Collapse
– Most Important Chart Of The Century For Investors?
– Gold Mining Shares Are Speculative Making Gold Bullion A Better Investment
– Gold Price Increasingly Influenced By Declining Dollar Rather Than Interest Rates
– Cash “Vanishes” From Bank Accounts In Ireland
– Russia Buys 300,000 Ounces Of Gold In March – Nears 2,000 Tons In Gold Reserves
– Family Offices and HNWs Invest In Gold Again
– New All Time Record Highs For Gold In 2019

Mark O'Byrne
Executive Director

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