Daily Market Update

Gold Rises In Euros To €1,125/oz As Investors “Fear For Euro”

Gold and Silver Bullion – News and Commentary

Gold steadies as political turmoil in Italy rocks financial markets (Reuters.com)

Euro dives to 6-month low versus dollar as Italian and Spanish political worries fester (MarketWatch.com)

Italy banker warns on political crisis as investors fear for euro (Reuters.com)

Euro zone money markets slash 2019 ECB rate-hike bets (Reuters.com)

Former IMF official becomes Italy’s interim prime minister (Gata.org)


Gold in euros (1 month)

Soros Sees New Global Financial Crisis Brewing, EU Under Threat (Bloomberg.com)

Saxo Bank: Precious metals gradually recovering (Trend.az)

Finance officials discuss use of Chinese yuan as reserve currency for Africa (Xinhuanet.com)

Turkey Repatriates All Gold From The US In Attempt To Ditch The Dollar (ZeroHedge.com)

Gold Production On The Cusp Of Peaking (GoldTelegraph.com)

 

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Gold Prices (LBMA AM)

29 May: USD 1,302.05, GBP 983.83 & EUR 1,130.57 per ounce
25 May: USD 1,303.95, GBP 976.53 & EUR 1,113.70 per ounce
24 May: USD 1,296.35, GBP 967.73 & EUR 1,104.88 per ounce
23 May: USD 1,294.00, GBP 967.91 & EUR 1,102.88 per ounce
22 May: USD 1,293.90, GBP 961.24 & EUR 1,095.29 per ounce
21 May: USD 1,285.85, GBP 959.24 & EUR 1,095.67 per ounce
18 May: USD 1,287.20, GBP 954.20 & EUR 1,091.16 per ounce

Silver Prices (LBMA)

29 May: USD 16.48, GBP 12.43 & EUR 14.26 per ounce
25 May: USD 16.67, GBP 12.49 & EUR 14.24 per ounce
24 May: USD 16.51, GBP 12.32 & EUR 14.09 per ounce
23 May: USD 16.53, GBP 12.38 & EUR 14.11 per ounce
22 May: USD 16.58, GBP 12.32 & EUR 14.04 per ounce
21 May: USD 16.34, GBP 12.19 & EUR 13.91 per ounce
18 May: USD 16.39, GBP 12.16 & EUR 13.92 per ounce


Recent Market Updates

– In Gold we Trust: 3 Important Factors Leading to the “Turning of the Monetary Tides”
– Silver Trading in Tight $1 Range As Pressure Builds For A Breakout
– Gold Back Above $1300 – Trump Cancels Historic Summit – Silver “Ready To Breakout”
– Gold Price Surges To Record In Turkey and Other Emerging Markets as Currencies Collapse
– Gold Rarity and Value Shown In Stunning Gold Visualisations
– Gold Looks A Better Investment Than UK Property
– Gold 2048: The Next 30 Years For Gold
– Beware “Snollygosters” and the Empty Promises of Pathological Politicians
– US 10-Year Surges, Emerging Markets Implode…Where Next for Gold?
– Welsh Gold Being Hyped Due To The Royal Wedding?
– Oil Price Is Going To Keep Rising And Inflation Is Coming
– Gold Price Manipulation – A Comprehensive Guide By James Rickards
– EU ‘Nightmare Scenario’ As Popular Anti-Euro and Anti-EU Government Takes Power In Italy

Mark O'Byrne
Executive Director

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