Daily Market Update

GoldCore Precious Metals Update

Gold continues to hold steady in the face of continuing dollar weakness. The dollar has firmed up slightly this morning, resulting in gold dipping below the $950/oz mark, a level it sustained in trading yesterday. Activity in gold ETFs has been particularly positive with the ZKB ETF reporting the 4th consecutive week of positive inflows and news that bank vaults in Switzerland are having capacity issues due to the volumes of gold and silver being stored there.

Silver has followed suit, mirroring the fortunes of gold. After trading in the high $13.60s yesterday, silver has also been affected by the slight strengthening of the dollar and has dipped to $13.60/oz. A break above $14/oz could see silver quickly challenge the recent highs at the $16/oz mark.

Platinum group metals
Platinum is up in early morning trading, a small $2 to $1183/oz. A sustained hold above $1,200/oz would be a positive signal for this metal. Palladium pushed through $250/oz yesterday, an important benchmark and is currently trading at $252/oz. After a couple of weeks of downward momentum, rhodium has gained overnight and is currently trading at $1,375/$1,500/oz..

Mark OByrne


Gold’s Time Is Nigh

Gold and Silver Bullion - News and Commentary Gold little changed amid firm dollar (Reuters.com) Bitcoin Futures Trading Brings Crypto Into Mainstream (Reuters.com) Bitcoin exchange warns customers of system collapse if prices crash (CityAM.com) Investors Told to Brace for Steepest Rate[...]


98,750,067,000,000 Reasons to Be Worried About 2018

Gold and Silver Bullion - News and Commentary Gold inches up from near five-month low ahead of Fed meeting (Reuters.com) Gold slightly higher ahead of Fed meeting (Reuters.com) Asia shares take breather, Brent oil breaks above $65 (Reuters.com) Asia Stocks Mixed[...]


Gold and Silver Bullion – News and Prices

Gold and Silver Bullion - News and Commentary Asian Stocks Fall as Miners Decline; Yen Gains (Bloomberg.com) Gold prices ease despite slightly weaker dollar (Reuters.com) Bitcoin Hits New All-Time High Above $12,250 (GoldSeek.com) Don’t Expect Gold to Go Wild Next Year[...]