Daily Market Update

Gold Surges 6% On Large Bar Shortage, Massive Demand and Unlimited Currency Creation

GoldCore remains open for business. Stocks of coins and bars have been depleted globally due to massive demand. We are buying coins and bars from clients and we are continuing to buy and sell gold and silver certificates. We are selling coins and bars when we receive stock from clients or directly from our government mint and large refinery suppliers. We are only selling to clients who have cleared funds on account and are on our buyers list.


NEWS and COMMENTARY

Gold up 6% in biggest climb for 11 years amid tight supplies and limitless monetary stimulus


Gold Faces Historic Squeeze With Virus Threatening N.Y. Shortage

Stocks, gold surge on new stimulus from Fed, others

Wall Street surges on hopes of $2 trillion rescue package

Goldman Sachs says it is time to buy gold — the ‘currency of last resort’

CME is asked to change gold delivery rules amid coronavirus lockdown, sources tell Reuters

LBMA acknowledges gold liquidity problems amid price volatility

Dutch bank ABN AMRO closing customer gold accounts

FT: Gold bars in short supply due to coronavirus disruption

Gold has surged nearly 10% from the recent low of $1,481/oz



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Gold in Euros (15 Years)


Gold in GBP (15 Years)

GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)

24-Mar-20 1599.50 1605.75, 1362.61 1371.47 & 1472.98 1489.49
23-Mar-20 1494.50 1525.40, 1288.86 1312.91 & 1399.60 1411.00
20-Mar-20 1504.45 1494.40, 1275.32 1258.28 & 1400.34 1391.59
19-Mar-20 1480.70 1474.25, 1285.54 1257.83 & 1369.94 1365.89
18-Mar-20 1506.00 1498.20, 1254.50 1271.22 & 1367.00 1378.04
17-Mar-20 1472.35 1536.20, 1212.04 1275.66 & 1331.00 1400.40
16-Mar-20 1504.65 1487.70, 1223.28 1210.54 & 1346.36 1338.93
13-Mar-20 1588.15 1562.80, 1258.61 1248.83 & 1422.66 1407.30
12-Mar-20 1636.65 1570.70, 1284.28 1246.35 & 1457.11 1410.96
11-Mar-20 1662.50 1653.75, 1284.78 1279.01 & 1468.65 1462.25



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Mark O'Byrne
Executive Director

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