Daily Market Update

Gold Reaches 7 Month High as Chinese Tensions Spark Risk-off Sentiment

News and Commentary

Gold hits 7-month high as Huawei case sparks risk-off sentiment (Reuters.com)

US announces sanctions against Venezuela’s state oil company seizing $7 billion in assets (RT.com)

Powell faces early reckoning on Fed’s $4-trillion question (Reuters.com)

As growth slows, China cuts local government debt costs to spur investment (Reuters.com)

Huawei lawyer says CFO Meng a ‘hostage’ after U.S. presses charges (Reuters.com)

Decision on Venezuelan gold is for Bank of England, not government: UK junior minister (Reuters.com)


Source: Bloomberg

U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit (TheStar.com.my)

Ireland’s Fiscal Incontinence Is Deeply Worrying (DavidMCWilliams.ie)

John Williams – Flight From Dollar Will Spike Gold and Silver (Youtube.com)

If You Could Design A Perfect World For Gold… (DollarCollapse.com)

U.K. Leaves Fate of Venezuela’s Gold Up to the Bank of England (Bloomberg.com)

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Gold Prices (LBMA PM)

28 Jan: USD 1,301.00, GBP 987.98 & EUR 1,139.81 per ounce
25 Jan: USD 1,282.95, GBP 981.33 & EUR 1,132.08 per ounce
24 Jan: USD 1,279.75, GBP 981.70 & EUR 1,128.36 per ounce
23 Jan: USD 1,284.90, GBP 990.14 & EUR 1,131.74 per ounce
22 Jan: USD 1,284.75, GBP 994.14 & EUR 1,130.58 per ounce
21 Jan: USD 1,278.70, GBP 995.08 & EUR 1,124.11 per ounce
18 Jan: USD 1,285.05, GBP 993.34 & EUR 1,126.86 per ounce

Silver Prices (LBMA)

28 Jan: USD 15.68, GBP 11.93 & EUR 13.75 per ounce
25 Jan: USD 15.37, GBP 11.74 & EUR 13.55 per ounce
24 Jan: USD 15.30, GBP 11.75 & EUR 13.48 per ounce
23 Jan: USD 15.38, GBP 11.80 & EUR 13.54 per ounce
22 Jan: USD 15.26, GBP 11.84 & EUR 13.44 per ounce
21 Jan: USD 15.26, GBP 11.86 & EUR 13.42 per ounce
18 Jan: USD 15.47, GBP 11.96 & EUR 13.56 per ounce

Recent Market Updates

– Gold Bullion Will Protect From Politicians, Brexit and Increasing Market Volatility In 2019
– Brexit – The Pin That Bursts London Property Bubble
– Davos: David Attenborough Warns We Are Damaging The World ‘Beyond Repair’
– Gold May Return 25% In 2019 Given Brexit, Trump and Other Risks – IG TV Interview GoldCore
– Brexit, EU, Germany, China and Yellow Vests In 2019 – Something Wicked This Way Comes
– Three Reasons Gold May Embark On An Extended Rally
– Political Turmoil in UK & US Sees Gold Hit 2 Week High
– Gold Holds Steady Over €1,100/oz – Increased Possibility Of A Disorderly Brexit
– Turbulence and Brexit Make Safer Options Like Gold and Cash Essential
– Where Will The “Pending” Financial Crisis Originate?
– Gold and Silver Prices To Rise To $1,650 and $30 By 2020? Video Update
– Gold Outlook 2019: Uncertainty Makes Gold A “Valuable Strategic Asset” – WGC
– Blackrock Say Gold Will Be A “Valuable Portfolio Hedge” In 2019

Mark O'Byrne
Executive Director

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