Daily Market Update

WESTERN DIGITAL GOLD MARKET IS BREAKING UP AS CHINA and ASIA ASSUME DOMINANCE


◆ Physical Gold Market Is Globalising As People and Institutions Globally but Particularly in Turkey, the Middle East, South East Asia, India, China Assume Dominance Over Banks in New York and London

The London and New York fractional, unallocated bank gold trading and digital gold market is breaking up

◆ “This wasn’t peak fear. We are in the foothills of the global changes coming … ”

◆ “Global political and economic fragmentation is leading to a long-term increase in the demand for monetary and financial gold”
from people and institutions in the Middle East and Asia.


“Increased energy on the buy side, though, will not bring back the dominance of the traditional banks and families that were the previous masters of gold” such as the Rothchilds …

Full article by John Dizard in the
Financial Times and GATA



NEWS and COMMENTARY

Gold slips as dollar firms despite second wave of coronavirus

Gold gains as dollar slips, new virus cases mount

Fed Warns of Significant Financial-Sector Vulnerabilities

Bond Traders Grasp Grim Reality of Economy’s Long Recovery Slog

Millions of Job Losses Are at Risk of Becoming Permanent

Chinese police have frozen several thousand accounts of Bitcoin traders

The American Press Is Destroying Itself

Dizard: The “gold market” is breaking up



Watch Interview Here



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

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
09-Jun-20  1707.50 1713.50, 1350.46 1348.87 & 1515.41 1510.62
08-Jun-20  1692.00 1690.35, 1333.97 1331.32 & 1496.91 1494.61
05-Jun-20  1709.55 1683.45, 1353.79 1327.91 & 1510.22 1490.53
04-Jun-20  1706.45 1700.05, 1363.97 1353.58 & 1523.86 1507.77
03-Jun-20  1717.60 1705.35, 1364.80 1355.41 & 1531.41 1519.81
02-Jun-20  1740.25 1742.15, 1385.76 1386.58 & 1556.83 1556.44
01-Jun-20  1734.80 1730.60, 1398.77 1393.13 & 1559.76 1556.16
29-May-20 1725.65 1728.70, 1401.92 1399.73 & 1550.15 1554.97
28-May-20 1723.30 1717.35, 1403.28 1398.27 & 1564.93 1556.61
27-May-20 1705.15 1694.60, 1385.95 1382.12 & 1552.71 1541.92

 


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Mark O'Byrne
Executive Director

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