Daily Market Update

Gold Prices Gain as Split Congress Pushes Dollar Lower

News and Commentary

Gold prices hold steady, eyes on Fed meeting (Reuters.com)

Asian markets make strong gains, led by export-heavy stocks (MarketWatch.com)

Gold posts first climb in 4 sessions as dollar weakens after midterm election (MarketWatch.com)

More candidates, more money and a big bet: How Democrats won the House (Reuters.com)

Housing sentiment tumbles to lowest in year – Polled say now is not a good time to buy (CNBC.com)

Gold Prices Gain as Split Congress Pushes Dollar Lower (Investing.com)

Source: KingWorldNews

Capital Economics – What will cause the next global downturn? (CapitalEconomics.com)

White House Pulls CNN’s Jim Acosta’s Media Credentials (ZeroHedge.com)

Bank Run In Southwestern Chinese City Could Signal “Impending Financial Crisis” (ZeroHedge.com)

Gold/Oil Ratio Now Moving Strongly In Favor Of Gold (KingWorldNews.com)

Dumping the dollar, Iran and South Korea agree to cross-currency trade (RT.com)

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Gold Prices (LBMA AM)

07 Nov: USD 1,235.05, GBP 938.64 & EUR 1,074.62 per ounce
06 Nov: USD 1,234.85, GBP 947.75 & EUR 1,083.58 per ounce
05 Nov: USD 1,231.60, GBP 946.61 & EUR 1,081.96 per ounce
02 Nov: USD 1,235.50, GBP 948.00 & EUR 1,079.83 per ounce
01 Nov: USD 1,223.25, GBP 950.47 & EUR 1,075.85 per ounce
31 Oct: USD 1,217.70, GBP 955.77 & EUR 1,074.25 per ounce

Silver Prices (LBMA)

07 Nov: USD 14.67, GBP 11.15 & EUR 12.77 per ounce
06 Nov: USD 14.70, GBP 11.25 & EUR 12.89 per ounce
05 Nov: USD 14.74, GBP 11.33 & EUR 12.96 per ounce
02 Nov: USD 14.82, GBP 11.38 & EUR 12.95 per ounce
01 Nov: USD 14.45, GBP 11.19 & EUR 12.68 per ounce
31 Oct: USD 14.34, GBP 11.23 & EUR 12.64 per ounce

Recent Market Updates

– Gold ETFs See Strong Demand In Volatile October After Robust Global Gold Demand In Q3
– Venezuela Seeks To Repatriate $550 Million Of Gold From London
– Big Short’s Eisman Is Shorting Two U.K. Banks on Brexit
– “Red October” Highlights Importance of Rebalancing Portfolios and Gold’s “Very Positive” Outlook
– Alarm Bells Ring and Gold Rises In October As Stocks and Property Fall Globally
– Gold Analysts At LBMA See 25% Return To $1,532/oz In 12 months
– Gold Improves Investment, Pension and Central Bank Portfolio’s Risk-Adjusted Returns
– Gold Gains Nearly 1% On Week As Global Stock Markets Fall Sharply
– Dublin Housing Boom Set To Bust?
– Palladium Surges To All Time Record High On Russian Supply Concerns

Mark O'Byrne
Executive Director


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