Daily Market Update

Gold Recommended As Asset Hedge and “Value Play” By BofAML

News and Commentary

Gold edges higher as political, economic concerns lend support (Reuters.com)

Trump calls Khashoggi murder ‘worst cover-up in history’ (BBC.com)

Miner Fresnillo trims silver output guidance (Reuters.com)

Euro zone businesses hit the brakes as trade war stalls growth (Reuters.com)

U.S. Stock Futures Decline as Europe Bucks Selloff (Bloomberg.com)

U.K. Cabinet at War Over Theresa May’s Brexit Plan (Bloomberg.com)

China will ‘compel’ Saudi Arabia to trade oil in yuan (CNBC.com)


Source: Capital & Conflict

The Global Dollar Shortage is Here – And It’s Becoming A Big Problem (ZeroHedge.com)

Italy Responds To EU Commission, Admits Deficit Breach But Refuses To Budge (ZeroHedge.com)

Gold – Opposite of Growth? (CapitalAndConflict.com)

Forget Russia. Here’s the Real Threat to American Elections… (BonnerAndPartners.com)

Starting to See ‘Cracks’ From Rate Hikes (Bloomberg.com)

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Gold Prices (LBMA AM)

22 Oct: USD 1,222.90, GBP 938.09 & EUR 1,062.21 per ounce
19 Oct: USD 1,228.25, GBP 942.44 & EUR 1,073.12 per ounce
18 Oct: USD 1,224.60, GBP 933.76 & EUR 1,062.83 per ounce
17 Oct: USD 1,226.75, GBP 933.68 & EUR 1,061.38 per ounce
16 Oct: USD 1,228.85, GBP 931.35 & EUR 1,061.73 per ounce
15 Oct: USD 1,233.00, GBP 937.70 & EUR 1,064.45 per ounce
12 Oct: USD 1,218.75, GBP 922.11 & EUR 1,052.15 per ounce

Silver Prices (LBMA)

22 Oct: USD 14.63, GBP 11.23 & EUR 12.72 per ounce
19 Oct: USD 14.61, GBP 11.21 & EUR 12.75 per ounce
18 Oct: USD 14.52, GBP 11.06 & EUR 12.60 per ounce
17 Oct: USD 14.65, GBP 11.16 & EUR 12.69 per ounce
16 Oct: USD 14.76, GBP 11.16 & EUR 12.74 per ounce
15 Oct: USD 14.74, GBP 11.19 & EUR 12.71 per ounce
12 Oct: USD 14.60, GBP 11.04 & EUR 12.60 per ounce


Recent Market Updates

– End Of The Financial World?
– Gold Reserves Surge 1,000% In Hungary As It Joins Poland, Russia, China and Other Central Banks Buying Gold
– How Do You Sell Your Digital Gold When the Internet Goes Down?
– IMF Issues Dire Warning – ‘Great Depression’ Ahead?
– Poland Raises Gold Holdings to Record High in September – IMF
– Why It’s Worth Holding Gold Bullion in Your Portfolio
– Gold’s Best Day In 2 Years Sees 2.5 Percent Gain As Global Stocks Sell Off – This Week’s Golden Nuggets
– Gold Up 2.5 Percent As Global Stock Rout Spreads To Europe
– “Gold Is On The Cusp” Of An “Explosion Higher” As Stock and Tech “Crash Is Coming”

Mark O'Byrne
Executive Director

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