Gold Consolidates After Surging To All Time Record High In Euros At €1,392.60/oz

27, August

* Gold in euros surged to a record high at €1,392.60/oz and gold in Australian dollars hit new record highs yesterday

* Gold surged to a more than six-year high in dollars yesterday surpassing $1,550/oz in early trade prior to falling to $1,530/oz

*Investors are seeking safety from a host of uncertainties including heightened U.S.-China and global trade tensions, a ‘No Deal’ Brexit and a sharply slowing global economy

Gold In Euros Reached Record At €1,392.60 Yesterday

News and Commentary

Gold steady as markets seek clarity on trade war direction

“Gold in euro and Australian dollar hit record levels”

U.S. business investment appears weak in third quarter

Gold is a “Traditional Safe Haven” and Will “Definitely Remain in Big Demand” – Commerzbank

UBS Says It’s Staying Long Gold as Price Now Destined for $1,600

How I discovered that gold and silver market rigging was real, not mere ‘conspiracy theory’

Gold Prices (LBMA – USD, GBP & EUR – AM/ PM Fix)

23-Aug-19 1495.50 1503.80, 1224.37 1228.91 & 1351.48 1357.63
22-Aug-19 1498.70 1502.05, 1234.63 1225.97 & 1351.98 1354.10
21-Aug-19 1499.65 1503.25, 1235.41 1238.53 & 1351.48 1354.43
20-Aug-19 1502.65 1504.55, 1242.69 1239.60 & 1356.44 1357.86
19-Aug-19 1499.35 1496.60, 1236.66 1235.29 & 1350.76 1348.89
16-Aug-19 1509.05 1515.25, 1242.55 1246.14 & 1361.46 1367.82
15-Aug-19 1517.65 1515.65, 1254.49 1250.26 & 1361.48 1363.78
14-Aug-19 1500.35 1513.25, 1241.69 1253.73 & 1341.61 1356.17
13-Aug-19 1527.20 1498.40, 1265.90 1240.38 & 1363.48 1338.67
12-Aug-19 1501.95 1504.70, 1244.82 1243.63 & 1343.64 1341.74
09-Aug-19 1503.50 1497.70, 1242.19 1240.99 & 1342.02 1338.05
08-Aug-19 1497.40 1495.75, 1230.26 1234.14 & 1335.08 1335.70
07-Aug-19 1487.65 1506.05, 1225.82 1239.33 & 1330.11 1341.44
06-Aug-19 1461.85 1465.25, 1199.59 1201.21 & 1304.85 1311.11
05-Aug-19 1457.45 1465.25, 1199.92 1203.85 & 1307.92 1310.23
02-Aug-19 1436.05 1441.75, 1184.17 1187.28 & 1294.02 1298.44

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Mark O'Byrne

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