Gold Steady At $1,500 As Russia Buys Another 300,000 Ounces Of Gold In July

  • Russia increased it’s gold reserves by another 300,000 ounces in July and its gold reserves are now worth $101.9 billion
  • Total amount of Russian gold reserves rose 0.4% in July, reaching 71.3 million ounces or 2,218 tons as of August 1
  • Official figures show gold now accounts for 19.6% of the total reserves of the Russian Federation
  • Russia was the world’s largest gold buyer last year and bought nearly 275 tons, the largest amount ever purchased in a single year, according to the World Gold Council
  • Russia is en route to become the world’s fourth largest foreign exchange holder after China, Japan, and Switzerland



News and Commentary

Gold steady, focus on Jackson Hole summit for rate-cut direction

Fed debated bigger rate cut, wanted to avoid appearing on path for more cuts

Fed members affirm ‘mid-cycle adjustment,’ see no ‘pre-set course’ for cuts, minutes show

Surge in corporate debt with negative yields poses risk ‘unlike anything’ investors have ever seen

Russia Buys More Gold in July, Taking Reserves Well Above $100bn

Going for gold: Russia boosts bullion stockpile by 9 tons in July

Ira Epstein Precious Metals Update Video: Gold consolidating

Gold in USD – Last 3 Days



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

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


Gold in USD – Monthly – 10 Years



Listen and Watch Jim Rogers Interview Here

Click here to listen to the latest GoldCore Podcast


Receive our free Daily or Weekly Updates by signing up here and click here to subscribe to GoldCore’s You Tube Channel

Mark O'Byrne

Also on news-goldcore-com

Videos

Silver Price Prediction 2022: David Morgan

Gold In 2022- Very Bullish Chart Patterns Developing

Why Buy Gold In 2022

Blog posts

European Energy Crisis: 4 Things You MUST Know!

European Energy Crisis: 4 Reasons You MUST Know! European households are facing rising prices on many goods and services, but one particular standout is electricity and gas bills. According to Bank of America, European household gas bills are expected to rise to €1,850 in 2022 from €1,200 in 2020 (an ~55% increase). Natural gas prices […]

READ MORE

Silver Price Prediction 2022: David Morgan

This week, ‘The Silver Guru’ David Morgan of The Morgan Report joins Dave Russell to explore what might happen in the silver market in 2022, as well as what makes silver the world’s most undervalued metal. Watch the full episode to learn more. Click the Video Below to Watch Make sure you don’t miss a […]

READ MORE

Goldman Sachs Shades Gold For Bitcoin As Store Of Value

Goldman Sachs Shades Gold For Bitcoin As Store Of Value A Goldman Sachs (GS) research note published on January 5, 2022, has captured headlines on the major news websites along with Twitter. The note suggests that gold currently holds 80% of the market for money-seeking exposure to “store of value” markets whilst Bitcoin now holds […]

READ MORE

Featured

Gold, the Tried-and-True Inflation Hedge for What’s Coming!

READ MORE

How High is Too High for Rising Government Bond Yields?

READ MORE

Silver – 7 Reasons it is Still Set to Soar

READ MORE
Newsletter
Category
Archives
Popular

No posts available

Videos

Silver Price Prediction 2022: David Morgan

Gold In 2022- Very Bullish Chart Patterns Developing

Why Buy Gold In 2022

Blog posts

European Energy Crisis: 4 Things You MUST Know!

European Energy Crisis: 4 Reasons You MUST Know! European households are facing rising prices on many goods and services, but one particular standout is electricity and gas bills. According to Bank of America, European household gas bills are expected to rise to €1,850 in 2022 from €1,200 in 2020 (an ~55% increase). Natural gas prices […]

READ MORE

Silver Price Prediction 2022: David Morgan

This week, ‘The Silver Guru’ David Morgan of The Morgan Report joins Dave Russell to explore what might happen in the silver market in 2022, as well as what makes silver the world’s most undervalued metal. Watch the full episode to learn more. Click the Video Below to Watch Make sure you don’t miss a […]

READ MORE

Goldman Sachs Shades Gold For Bitcoin As Store Of Value

Goldman Sachs Shades Gold For Bitcoin As Store Of Value A Goldman Sachs (GS) research note published on January 5, 2022, has captured headlines on the major news websites along with Twitter. The note suggests that gold currently holds 80% of the market for money-seeking exposure to “store of value” markets whilst Bitcoin now holds […]

READ MORE

Featured

Gold, the Tried-and-True Inflation Hedge for What’s Coming!

READ MORE

How High is Too High for Rising Government Bond Yields?

READ MORE

Silver – 7 Reasons it is Still Set to Soar

READ MORE