Gold Surges To New All Time Record Highs in Euros, Pounds and Most Currencies

Gold in EUR – Monthly Close – 10 Years


◆ Gold prices surged to new all time record highs in euros and pounds at 1,614/oz and £1,406/oz respectively on Friday due to concerns about the outlook for both the UK and EU economies and concerns about the outlook for both sterling and the single currency in an era of unprecedented economic and monetary risk.

◆ Growing fears of central bank currency debasement and government deficit spending globally on a scale never before seen in history is seeing investors diversify into finite physical gold.

◆ Gold prices rose to a more than seven-year high at $1,736/oz in dollars too prior to gold correcting lower in all currencies as futures market participants took profits.

Gold in EUR – 3 Days

◆ Gold surged to €1,614/oz (see chart above) as the single currency came under selling pressure as concerns deepen about Italy and other periphery nation’s banks and economies and due to increased risks to the euro and the monetary union.

◆ Gold surged to new record all time highs in sterling at £1,406/oz in pounds (see chart above) as the embattled pound continued to lose value versus gold due to concerns about the UK economy and the outlook for sterling.

Gold in GBP – 3 Days

◆ Strong safe haven demand for gold continues due to concerns about the outlook for the UK, EU and global economy, the unprecedented monetary response of the ECB, the BoE and the other central banks and growing concerns that national currencies will be devalued by governments in the coming months and years.

◆ Gold remains one of the best performing assets in 2020 year to date, having risen 12.8% in dollar terms, 16.5% in euro terms, 20% in pounds and by more in other currencies.

This outperformance is likely to continue as the pandemic and the government lockdown “pins” burst the massive global debt bubble.



NEWS and COMMENTARY

Gold prices end lower as easing coronavirus lockdowns spark optimism

Gold bars are flying from Perth Mint to New York to ease COMEX supply squeeze

Gold Buyers Are Forking Over Lofty $135 Premiums for U.S. Coins

Physical Gold Premiums Soar As Congressman Questions COMEX About a Default

U.S. economy faces historic shock, with 16% joblessness possible – Trump adviser

Oil plunges 25%, extending recent losses as storage fills

Shares up on lockdown easing hopes; oil drops further

The persistent gold and silver price illusion – Kim

Gold Will be Revalued Higher and How to Defend Your Wealth During Global Crisis → Rickards



“Yes It Will. The Only Question Is When” – WATCH HERE




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

27-Apr-20 1717.25 1714.95 1381.36 1380.19 1582.96 1581.18
24-Apr-20 1727.25 1715.90 1401.32 1391.59 1604.96 1589.09
23-Apr-20 1727.55 1736.25 1399.49 1405.84 1601.78 1608.64
22-Apr-20 1702.65 1710.55 1377.95 1388.28 1567.46 1576.44
21-Apr-20 1678.60 1682.05, 1328.16 1364.82 & 1548.00 1547.82
20-Apr-20 1684.95 1686.20, 1349.14 1355.70 & 1547.63 1551.98
17-Apr-20 1693.15 1692.55, 1362.48 1354.04 & 1564.47 1555.79
16-Apr-20 1717.85 1759.50, 1378.57 1382.91 & 1581.45 1589.06
15-Apr-20 1712.25 1718.65, 1367.92 1377.33 & 1566.02 1580.99
14-Apr-20 1715.85 1741.90, 1367.36 1383.07 & 1567.91 1588.26
09-Apr-20 1662.50 1680.65, 1339.48 1348.22 & 1529.00 1538.13
08-Apr-20 1649.05 1647.80, 1328.27 1330.27 & 1517.00 1513.14
07-Apr-20 1652.20 1649.25, 1344.23 1333.75 & 1519.53 1511.21
06-Apr-20 1636.60 1648.30, 1330.72 1341.06 & 1515.49 1526.66




Receive Our Award Winning Market Updates In Your Inbox – Sign Up Here

Mark O'Byrne

Also on news-goldcore-com

Videos

Jim Rickards – Don’t Trust the Fed’s Narrative

[Video] It’s here! Jim Rickards on The M3 Report – Episode 1 is Live Now

How Long Will Inflation Last 2022 – Charles Nenner

Blog posts

Jim Rickards – Don’t Trust the Fed’s Narrative

“Don’t underestimate the power of a narrative” says our guest on GoldCore TV this week. Jim Rickards joins Dave Russell to talk about perception, the Putin Price Hike and why he believes Ukraine cannot win the war. If you enjoyed the interview, look out for our new look GoldCore TV show, The M3 Report, when […]

READ MORE

Inflation is now out of the control of central banks

When “whatever it takes” means confiscation of wealth One of the reasons people decide to buy gold bullion or add silver coins to their portfolio is because they cannot be devalued. No one can suddenly decide to print more gold or silver! Sadly, this is exactly what happens with currencies around the world. And the […]

READ MORE

[Video] It’s here! Jim Rickards on The M3 Report – Episode 1 is Live Now

Jim Rickards! Chart analysis! The Wizard of Oz! What on earth are we talking about? Our brand new show, The M3 Report! Click Here to Watch It Now Today we are launching The M3 Report. Tune in for all things Metals, Markets and Money. With all the best bits of previous GoldCore TV offerings we now […]

READ MORE

Featured

Rick Rule- Should You Invest In Gold 2022

READ MORE

Jim Rogers- The Worst Bear Market is Coming

READ MORE
Newsletter
Category
Archives
Popular

No posts available

Videos

Jim Rickards – Don’t Trust the Fed’s Narrative

[Video] It’s here! Jim Rickards on The M3 Report – Episode 1 is Live Now

How Long Will Inflation Last 2022 – Charles Nenner

Blog posts

Jim Rickards – Don’t Trust the Fed’s Narrative

“Don’t underestimate the power of a narrative” says our guest on GoldCore TV this week. Jim Rickards joins Dave Russell to talk about perception, the Putin Price Hike and why he believes Ukraine cannot win the war. If you enjoyed the interview, look out for our new look GoldCore TV show, The M3 Report, when […]

READ MORE

Inflation is now out of the control of central banks

When “whatever it takes” means confiscation of wealth One of the reasons people decide to buy gold bullion or add silver coins to their portfolio is because they cannot be devalued. No one can suddenly decide to print more gold or silver! Sadly, this is exactly what happens with currencies around the world. And the […]

READ MORE

[Video] It’s here! Jim Rickards on The M3 Report – Episode 1 is Live Now

Jim Rickards! Chart analysis! The Wizard of Oz! What on earth are we talking about? Our brand new show, The M3 Report! Click Here to Watch It Now Today we are launching The M3 Report. Tune in for all things Metals, Markets and Money. With all the best bits of previous GoldCore TV offerings we now […]

READ MORE

Featured

Rick Rule- Should You Invest In Gold 2022

READ MORE

Jim Rogers- The Worst Bear Market is Coming

READ MORE