Gold Targets $1,300 on Political Turmoil in the U.K., U.S.

News and Commentary

Gold at highest in nearly 2 weeks on political turmoil in the U.K., U.S. (MarketWatch.com)

Palladium prices hit record on supply deficit, gold firm on rate views (Reuters.com)

Theresa May’s government survives a no-confidence vote after its crushing Brexit defeat (CNBC.com)

Shutdown could delay trade talks with EU, Japan, Grassley warns (MarketWatch.com)

Pessimism About U.K. Housing Is at Its Worst in Two Decades (Bloomberg.com)

Turkey set to refine more Venezuelan gold as Maduro sends committee (AhvalNews.com)

South African Gold Output Has Longest Losing Streak Since 2012 (Bloomberg.com)

Geopolitical risks, including the U.S. government shutdown, loom large in investors minds,” said GoldCore
(MarketWatch.com)

Goldman Says Rich People Will Drag Down the U.S. Economy by Spending Less (Bloomberg.com)

London house prices:Brexit ‘horror show’ provokes fears of steeper decline (HomesAndProperty.co.uk)

‘Patron Saint’ of the Investing Business: Remembering Jack Bogle (Bloomberg.com)

Regulators Urge Deutsche Bank To Merge With European Rival (To Spread The Pain) (ZeroHedge.com)

Polgar: “World Is Comfortably Unaware Of Approaching Disaster” (ZeroHedge.com)

The Newmont-Goldcorp Deal Is Positive News for Gold Sector (GoldSeek.com)

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Gold Prices (LBMA PM)

16 Jan: USD 1,290.50, GBP 1,002.46 & EUR 1,130.99 per ounce
15 Jan: USD 1,289.35, GBP 1,002.99 & EUR 1,127.67 per ounce
14 Jan: USD 1,293.70, GBP 1,007.02 & EUR 1,129.27 per ounce
11 Jan: USD 1,298.80, GBP 1,012.91 & EUR 1,123.96 per ounce
10 Jan: USD 1,292.40, GBP 1,012.98 & EUR 1,121.54 per ounce
09 Jan: USD 1,281.30, GBP 1,006.41 & EUR 1,118.32 per ounce
08 Jan: USD 1,291.90, GBP 1,006.71 & EUR 1,121.62 per ounce

Silver Prices (LBMA)

16 Jan: USD 15.54, GBP 12.09 & EUR 13.66 per ounce
15 Jan: USD 15.60, GBP 12.13 & EUR 13.65 per ounce
14 Jan: USD 15.61, GBP 12.13 & EUR 13.61 per ounce
11 Jan: USD 15.68, GBP 12.23 & EUR 13.60 per ounce
10 Jan: USD 15.70, GBP 12.33 & EUR 13.63 per ounce
09 Jan: USD 15.62, GBP 12.27 & EUR 13.64 per ounce
08 Jan: USD 15.64, GBP 12.24 & EUR 13.64 per ounce

Recent Market Updates

– Gold Holds Steady Over €1,100/oz – Increased Possibility Of A Disorderly Brexit
– Turbulence and Brexit Make Safer Options Like Gold and Cash Essential
– Where Will The “Pending” Financial Crisis Originate?
– Gold and Silver Prices To Rise To $1,650 and $30 By 2020? Video Update
– Gold Outlook 2019: Uncertainty Makes Gold A “Valuable Strategic Asset” – WGC
– Blackrock Say Gold Will Be A “Valuable Portfolio Hedge” In 2019
– Financial Advice In 2019: Own Gold To Hedge $250 Trillion Global Debt Bubble – GoldCore In Irish Times
– China Adds 320,000 Ounces To Gold Reserves – First Central Bank Purchase Since October 2016
– Gold At 6 Month High At $1,300 and All Time Record Highs In Australian Dollars Over $1,870
– Gold Hedges Stock Market Falls In 2018 – Gains 2.7% In Euros and 3.8% In Pounds
– Hope For Best In 2019 But Prepare For Worst by Increased Allocations to Gold and Silver – Outlook 2019 Podcast

Mark O'Byrne

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