Gold Holds Near Two-Week Low as Risk Appetite Rises on U.S. Data

Gold has consolidated near the low of the past two weeks following on from its Brexit rally.

Having increased by 25% since the beginning of the year the pause in its rally comes as Barnabas Gan, an economist at Singapore-based Oversea-Chinese Banking Corp observes that “Market risk-on sentiment seems to have gone back” on the table, as reported by Bloomberg today.

Recent positive economic data out of the U.S. including positive retails sales, consumer prices and employment statistics have lured investors back in to the equity markets and trimmed the rally in gold. However, this recent positive economic news needs to be viewed against the backdrop of it being an election year in the U.S. and the desire of the White House to create a connection between positive economic sentiment and the democratic administration.

You can read the full article here 

 

Gold and Silver Bullion – News and Prices

Gold holds on to overnight losses; central bank policies in focus (Reuters)

Gold Daily and Silver Weekly Charts – Same Old (24hgold)

Investors Pull Most Money Out of SPDR Gold in Eight Months (Bloomberg)

Gold holds on to overnight losses as risk-on mood drags (Reuters)

SP 500 and NDX Futures Daily Charts – The Dog Days of Summer (24hgold)

A warning from Turkey for emerging-market investors (Moneyweek)

The Greatest Lie Ever Told (Silverseek)

No U.S. rate hike until 2018 — and it’s the consumer to blame, Morgan Stanley says (Marketwatch)

Gold Prices (LBMA AM)

19 July: USD 1,332.20, EUR 1,203.376 & GBP 1,009.042 per ounce
18 July: USD 1,326.15, EUR 1,200.298 & GBP 1,000.050 per ounce
15 July: USD 1,330.50, EUR 1,194.789 & GBP 994.150 per ounce
14 July: USD 1,325.705, EUR 1,192.99 & GBP 1,001.96 per ounce
13 July: USD 1,340.25, EUR 1,211.45 & GBP 1,009.74 per ounce
12 July: USD 1,352.85, EUR 1,217.84 & GBP 1,029.11 per ounce
11 July: USD 1,358.25, EUR 1,231.66 & GBP 1,059.95 per ounce

Silver Prices (LBMA)

19 July: USD 19.99, EUR 18.07 & GBP 15.18 per ounce
18 July: USD 19.72, EUR 17.83 & GBP 14.89 per ounce
15 July: USD 20.14, EUR 18.08 & GBP 15.06 per ounce
14 July: USD 20.25, EUR 18.23 & GBP 15.15 per ounce
13 July: USD 20.29, EUR 18.31 & GBP 15.25 per ounce
12 July: USD 20.35, EUR 18.35 & GBP 15.47 per ounce
11 July: USD 20.47, EUR 18.53 & GBP 15.78 per ounce

Recent Market Updates

– Gold, Trump and Rates: Bank That Foresaw Rally Flags $1,500
– Gold Lower After Central Bank’s Surprise Move
– “We Are On the Cusp of an Explosion in the Silver Price” – John Embry

– Stocks Rally – Is Brexit Systemic Risks Contained?
– Britain has a new prime minister – here’s what that means for you
– Metals Caught Between Global Gloom, U.S. Job Gains as Gold Slips
– Central Bank Resumes Monthly Gold Buying in Bid to Diversify Reserves
– Property Fund Turmoil in the UK has Eerie Echoes of Bear Stearns
– “In Gold We Trust” Annual Report – New Bull Market “Emerging”
– 3 Charts Show “How Precious Brexit Is” for Gold and Silver Bullion
– Gold, Silver Best Performing Assets In H1, 2016 – Up 26% & 38%


Mark O'Byrne

Also on news-goldcore-com

Videos

Will Silver Prices Go Up to $300?

Brent Johnson Interview-The Dollar Milkshake Theory Explained

David Morgan Silver Guru – What’s going on with silver?

Blog posts

More energy blows are dealt to Europe, causing a cold chill to be even colder

When people ask why they should invest in gold or buy silver coins, we often explain that they should do so because they are a form of insurance. Many of us are taking steps right now to protect ourselves from the impact of inflation on our day-to-day spending, others are trying to manage the increase […]

READ MORE

Will Silver Prices Go Up to $300?

This week’s guest is so bullish on silver that he’s even written a best-selling book ‘The Great Silver Bull’ where he takes an in-depth look at why silver will outperform gold once again and even go as high as $300 an ounce. Author and investments editor Peter Krauth joins Dave Russell on GoldCore TV to […]

READ MORE

Brent Johnson Interview-The Dollar Milkshake Theory Explained

“It’s the dollar strength, which brings the system down.” This week GoldCore’s Dave Russell welcomes Brent Johnson of Santiago Capital onto GoldCore TV. Brent Johnson is the CEO and founder of Santiago Capital and the man behind the Dollar Milkshake Theory. Dave’s conversation with Brent is well-worth watching as they cover US dollar strength, if […]

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

Will Silver Prices Go Up to $300?

Brent Johnson Interview-The Dollar Milkshake Theory Explained

David Morgan Silver Guru – What’s going on with silver?

Blog posts

More energy blows are dealt to Europe, causing a cold chill to be even colder

When people ask why they should invest in gold or buy silver coins, we often explain that they should do so because they are a form of insurance. Many of us are taking steps right now to protect ourselves from the impact of inflation on our day-to-day spending, others are trying to manage the increase […]

READ MORE

Will Silver Prices Go Up to $300?

This week’s guest is so bullish on silver that he’s even written a best-selling book ‘The Great Silver Bull’ where he takes an in-depth look at why silver will outperform gold once again and even go as high as $300 an ounce. Author and investments editor Peter Krauth joins Dave Russell on GoldCore TV to […]

READ MORE

Brent Johnson Interview-The Dollar Milkshake Theory Explained

“It’s the dollar strength, which brings the system down.” This week GoldCore’s Dave Russell welcomes Brent Johnson of Santiago Capital onto GoldCore TV. Brent Johnson is the CEO and founder of Santiago Capital and the man behind the Dollar Milkshake Theory. Dave’s conversation with Brent is well-worth watching as they cover US dollar strength, if […]

READ MORE

Featured

Rick Rule- Should You Invest In Gold 2022

READ MORE

Jim Rogers- The Worst Bear Market is Coming

READ MORE