Daily Market Update

Gold Price Could Reach $2,800 to $3,500 in Two Years – Analysts

The FT briefly looks at gold on it’s front page today (28/07/20). Financial Times front page coverage of gold frequently coincides with intermediate price highs and
subsequent to profit taking and price corrections.


Gold and silver look overbought in the short term and corrections seem likely. For those who do not own precious metals, weakness should be used to dollar cost into physical.


NEWS and COMMENTARY

Dollar sinks to two-year low as gold rises on concern over US virus toll – FT

Gold prices could hit $3,500 in two years, analyst says – CNBC

Gold Loses Momentum After Touching Record as Silver Whipsaws – Bloomberg via YF

Gold beats a retreat from record peak as dollar bounces – Reuters

Gold hits record high as investor jitters spread – BBC

Gold forges record high as investors seek safety – RTE

Amid Record Gold Prices, Smart Money Taking Big Deliveries – Bloomberg

Gold prices could hit $3,500 in two years, analyst says – CNBC

China’s Move to Buy Arctic Gold Mine Draws Fire in Canada – WSJ


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

24-Jul-20 1893.85 1902.10, 1486.67 1490.30 & 1631.55 1638.09
23-Jul-20 1882.35 1878.30, 1480.28 1477.47 & 1624.47 1621.54
22-Jul-20 1851.00 1852.40, 1462.85 1456.91 & 1604.82 1598.44
21-Jul-20 1823.20 1842.55, 1436.86 1449.35 & 1594.21 1608.36
20-Jul-20 1810.30 1815.65, 1437.92 1438.18 & 1580.21 1590.87
17-Jul-20 1802.90 1807.35, 1435.47 1442.45 & 1578.98 1581.07
16-Jul-20 1804.60 1807.70, 1438.09 1436.04 & 1583.72 1581.56
15-Jul-20 1809.30 1804.60, 1436.22 1441.31 & 1582.96 1579.57
14-Jul-20 1798.20 1801.90, 1436.58 1440.62 & 1583.14 1581.71
13-Jul-20 1808.05 1807.50, 1435.23 1432.26 & 1598.32 1591.68
10-Jul-20 1805.75 1803.10, 1433.40 1427.33 & 1599.35 1594.84
09-Jul-20 1812.45 1812.10, 1434.01 1431.74 & 1600.57 1600.08
08-Jul-20 1799.35 1811.10, 1438.40 1438.74 & 1596.38 1598.48

 


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Mark O'Byrne
Executive Director

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