Daily Market Update

Gold Nearing Bullish Key Level Ahead of Powell Testimony

Gold and Silver Bullion – News and Commentary

Gold remains bid above key technical levels ahead of Powell testimony (FXStreet.com)

Gold prices rise for second session on softer dollar (Reuters.com)

Chicago Fed index points to stalled U.S. economic growth in January (MarketWatch.com)

U.S. new home sales drop to five-month low in January (Reuters.com)

Interest rate rise of 1% would cost average UK homeowner £930 a year (TheGuardian.com)

Snow in London: Government issues health warning as temperatures plummet (CityAM.com)

Source: Statista

Gold Nearing What Could Be An Ultra-Bullish Key Level (CNBC.com)

State of Inflationary Confusion – Mauldin (MauldinEconomics.com)

Where Corruption Is Raging Around The World (Statista.com)

Russia overtakes China in gold reserves race to end US dollar dominance (RT.com)

Warren Buffett isn’t buying. Why should anyone else? (SovereignMan.com)

Italian Elections: Brace for a bumpy ride in European stocks (CityAM.com)

Gold Prices (LBMA AM)

27 Feb: USD 1,332.75, GBP 954.78 & EUR 1,081.26 per ounce
26 Feb: USD 1,339.05, GBP 953.00 & EUR 1,085.30 per ounce
23 Feb: USD 1,328.90, GBP 951.09 & EUR 1,079.20 per ounce
22 Feb: USD 1,323.50, GBP 952.66 & EUR 1,076.40 per ounce
21 Feb: USD 1,328.60, GBP 952.87 & EUR 1,078.16 per ounce
20 Feb: USD 1,337.40, GBP 955.97 & EUR 1,083.83 per ounce

Silver Prices (LBMA)

27 Feb: USD 16.61, GBP 11.91 & EUR 13.48 per ounce
26 Feb: USD 16.67, GBP 11.88 & EUR 13.52 per ounce
23 Feb: USD 16.61, GBP 11.88 & EUR 13.50 per ounce
22 Feb: USD 16.47, GBP 11.86 & EUR 13.40 per ounce
21 Feb: USD 16.44, GBP 11.80 & EUR 13.35 per ounce
20 Feb: USD 16.57, GBP 11.85 & EUR 13.42 per ounce

Recent Market Updates

– Digital Gold Provide the Benefits Of Physical Gold?
– Weekly Briefing: Currency Wars – ECB Warns Re Trump, Russia and Turkey Buy Gold and BOE Bitcoin Warning
– Russian Central Bank Buys Gold – 600,000 Ounces Or 18.7 Tons In January As Venezuela Launches ‘Petro Gold’
– Bitcoin or British Pound ‘Pretty Much Failed’ As Currency?
– Bank Bail-In Risk In European Countries Seen In 5 Key Charts
– US-China Trade War Escalates As Further Measures Are Taken
– Gold Up 3.8% In Week – If Closes Above $1,360/oz Will Be Biggest Weekly Gain In Nearly 2 Years
– Is The Gold Price Heading Higher? IG TV Interview GoldCore
– Global Debt Crisis II Cometh
– Sovereign Wealth Funds Investing In Gold For “Long Term Returns” – PwC
– Bitcoin and Crypto Prices Being Manipulated Like Precious Metals?
– “This Is Where They Completely Lost Their Minds” – Hussman
– Brexit Risks Increase – London Property Market and Pound Vulnerable

Mark O'Byrne
Executive Director


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