Gold Gains 3.3% In Week as Stocks Fall; S&P Fell 6% Yesterday and Is Down 4.5% In Week

1 Day Relative Asset Performance (Finviz)



Gold is 3.3% higher this week and acting as a hedge and safe haven again as stock markets globally see sharp selling pressure due to concerns about the appalling global economic outlook.

Gold has performed well despite the rout in stocks this week. U.S. stocks including the S&P 500 are down sharply with the S&P down 4.3%, the DAX and the Euro Stoxx 50 down more than 6%

Gold has seen similar gains in euros and pounds and silver is also higher but with a smaller 2% gain for the week.

With the risk of a U.S. and global depression increasing and U.S. stock indices near record highs, investors are being given another opportunity – potentially the last – to rebalance portfolios.


NEWS and COMMENTARY

Gold prices rise as global stocks sell off amid fears of a resurgence in U.S. coronavirus cases

Gold rises to near record high on grim Fed outlook

Stocks suffer their worst day since March, with the Dow plunging more than 1,800 points

UK Forecast To Suffer Worst COVID-Driven GDP Hit Of All Nations Worldwide

IMF says $10 TRILLION spent to combat pandemic, FAR MORE NEEDED

Federal Debt Tops $26 Trillion for First Time; Jumps $2 Trillion in Just 63 Days

Lebanese protesters shut down roadways with fires as currency collapses; threw petrol bombs at a central bank building





Watch Interview Here



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

11-Jun-20  1731.90 1738.25, 1361.79 1373.74 & 1519.57 1528.10
10-Jun-20  1717.65 1722.05, 1346.64 1350.26 & 1511.88 1515.23
09-Jun-20  1707.50 1713.50, 1350.46 1348.87 & 1515.41 1510.62
08-Jun-20  1692.00 1690.35, 1333.97 1331.32 & 1496.91 1494.61
05-Jun-20  1709.55 1683.45, 1353.79 1327.91 & 1510.22 1490.53
04-Jun-20  1706.45 1700.05, 1363.97 1353.58 & 1523.86 1507.77
03-Jun-20  1717.60 1705.35, 1364.80 1355.41 & 1531.41 1519.81
02-Jun-20  1740.25 1742.15, 1385.76 1386.58 & 1556.83 1556.44
01-Jun-20  1734.80 1730.60, 1398.77 1393.13 & 1559.76 1556.16
29-May-20 1725.65 1728.70, 1401.92 1399.73 & 1550.15 1554.97
28-May-20 1723.30 1717.35, 1403.28 1398.27 & 1564.93 1556.61
27-May-20 1705.15 1694.60, 1385.95 1382.12 & 1552.71 1541.92
26-May-20 1722.75 1720.25, 1399.22 1393.57 & 1571.32 1566.63


Access Our Most Popular Guide, the Essential Guide to Storing Gold in Switzerland here


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



Mark O'Byrne

Also on news-goldcore-com

Videos

China’s Digital Currency: A Warning to the World

Jerome Powell – The Hawk is back

The Black Friday Stock Market Crash – Gareth Soloway

Blog posts

China’s Digital Currency: A Warning to the World

New York Times bestseller author, investment advisor, and money manager Dr. Stephen Leeb is this week’s guest on GoldCore TV. He discusses the rise of China, the emergence of China’s Digital Currency, the transition from fossil fuels to green energy, and why a new monetary system is on the cards. The interview is in 2 […]

READ MORE

Jerome Powell – The Hawk is back

Ex Federal Reserve Advisor Danielle DiMartino Booth sees the new Jay Powell as the old Jay Powell. The Chair of the Federal Reserve has pivoted back to his hawkish stance. The “retiring” of the phrase “transitory inflation” signals Jerome Powell intends to tackle inflation head-on and speed up their plans to taper their bond purchase […]

READ MORE

The Black Friday Stock Market Crash – Gareth Soloway

Black Friday 2021 saw the largest stock market sell-off since 1931. Is this the start of a bigger crash, has the trend changed or is this just a one-time blip? We ask Gareth Soloway of InTheMoneyStocks.com what his charts are suggesting and why he is so bullish on gold Watch the Video to Learn More […]

READ MORE

Featured

How High is Too High for Rising Government Bond Yields?

READ MORE

Gold, the Tried-and-True Inflation Hedge for What’s Coming!

READ MORE

Silver – 7 Reasons it is Still Set to Soar

READ MORE
Newsletter
Category
Archives
Popular

No posts available

Videos

China’s Digital Currency: A Warning to the World

Jerome Powell – The Hawk is back

The Black Friday Stock Market Crash – Gareth Soloway

Blog posts

China’s Digital Currency: A Warning to the World

New York Times bestseller author, investment advisor, and money manager Dr. Stephen Leeb is this week’s guest on GoldCore TV. He discusses the rise of China, the emergence of China’s Digital Currency, the transition from fossil fuels to green energy, and why a new monetary system is on the cards. The interview is in 2 […]

READ MORE

Jerome Powell – The Hawk is back

Ex Federal Reserve Advisor Danielle DiMartino Booth sees the new Jay Powell as the old Jay Powell. The Chair of the Federal Reserve has pivoted back to his hawkish stance. The “retiring” of the phrase “transitory inflation” signals Jerome Powell intends to tackle inflation head-on and speed up their plans to taper their bond purchase […]

READ MORE

The Black Friday Stock Market Crash – Gareth Soloway

Black Friday 2021 saw the largest stock market sell-off since 1931. Is this the start of a bigger crash, has the trend changed or is this just a one-time blip? We ask Gareth Soloway of InTheMoneyStocks.com what his charts are suggesting and why he is so bullish on gold Watch the Video to Learn More […]

READ MORE

Featured

How High is Too High for Rising Government Bond Yields?

READ MORE

Gold, the Tried-and-True Inflation Hedge for What’s Coming!

READ MORE

Silver – 7 Reasons it is Still Set to Soar

READ MORE