Daily Market Update

Goldman Predicts Gold Prices to Climb to Highest Since 2013

News and Commentary

Goldman Predicts Gold Prices to Climb to Highest Since 2013 (Finance.Yahoo.com)

Gold prices inch up as dollar softens on Fed rate outlook (Reuters.com)

Asia stocks reach five-week high, yuan makes big weekly gains (Reuters.com)

Newmont cuts 120 jobs at Nevada gold mining operation (Reuters.com)

Wall Street inches lower on Powell’s comments, retail weakness (Reuters.com)

Azerbaijan’ $39 Billion State Fund to increase gold holdings from 5 to 10% in 2019 (Reuters.com)

Russia dumps $101 billion in U.S. bonds and Buys 25% of World Chinese yuan reserves (Bloomberg.com)

Yellow vest protesters aim to crash French banking system (News.com.au)


Source: Bloomberg


Source: Bloomberg

France’s Yellow Vest Protesters: Unleash Chaos by Withdrawing All Money From Banks (MoneyMarkets.com)

From Jaguar to Macy’s, Global Gloom Spreads Across Industries (Bloomberg.com)

Silver Manipulation Questions – Only the U.S. Justice Department Can Get Answers (SilverSeek.com)

The Chart That Convinced Albert Edwards A Recession Is “Imminent” (ZeroHedge.com)

China Car Sales Collapse: First Annual Drop In Over 20 Years (ZeroHedge.com)

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Gold Prices (LBMA PM)

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
07 Jan: USD 1,291.50, GBP 1,013.83 & EUR 1,129.03 per ounce
04 Jan: USD 1,290.35, GBP 1,016.80 & EUR 1,131.24 per ounce
03 Jan: USD 1,287.95, GBP 1,024.05 & EUR 1,132.62 per ounce
02 Jan: USD 1,287.20, GBP 1,014.44 & EUR 1,125.27 per ounce

Silver Prices (LBMA)

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
07 Jan: USD 15.75, GBP 12.35 & EUR 13.77 per ounce
04 Jan: USD 15.70, GBP 12.40 & EUR 13.76 per ounce
03 Jan: USD 15.53, GBP 12.37 & EUR 13.70 per ounce
02 Jan: USD 15.44, GBP 12.19 & EUR 13.51 per ounce

Recent Market Updates

– 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
– Prepare For Global Debt Bubble Collapse – Outlook 2019
– Happy Christmas From All The Team in GoldCore
– Gold Prices Likely To Go Higher In 2019 After 4% Gain In Q4 2018
– Everything Bubble Started Bursting In 2018 – GoldCore Video

Mark O'Byrne
Executive Director

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