Daily Market Update

IMF Warns of Global Economic ‘Storm’

News and Commentary

Gold firms as dollar eases on U.S.-China trade hopes (Reuters.com)

Gold settles higher with dollar’s win streak in jeopardy (MarketWatch.com)

Lawmakers reach tentative deal to avert shutdown (Reuters.com)

IMF warns of global economic ‘storm’ as growth undershoots (RTE.ie)

Russia may eliminate gold tax to boost investment (RT.com)

Deutsche Bank to pay C$5.5 million to settle Canadian gold and silver market-rigging cases (SotosClassActions.com)

Canadian class action against gold and silver market rigging continues against other banks (Gata.org)

Gold’s role is likely to increase as cash fades (Gold.org)

Governments saved the rich and screwed the young (DAvidMCWilliams.ie)

Only a higher gold price can finance the necessary environmental remediation (Gata.org)

We’re Overdue For A Sell-Everything/No-Fed-Rescue Recession (SeekingAlpha.com)

Central banks are buying the most gold since the end of World War II — here’s why | (BusinessInsider.com)

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Gold Prices (LBMA PM)

12 Feb: USD 1,311.60, GBP 1021.21 & EUR 1,163.00 per ounce
11 Feb: USD 1,306.40, GBP 1014.81 & EUR 1,157.08 per ounce
08 Feb: USD 1,311.10, GBP 1012.04 & EUR 1,156.65 per ounce
07 Feb: USD 1,310.00, GBP 1009.49 & EUR 1,154.11 per ounce
06 Feb: USD 1,313.35, GBP 1013.51 & EUR 1,152.86 per ounce
05 Feb: USD 1,314.00, GBP 1009.15 & EUR 1,150.67 per ounce
04 Feb: USD 1,311.00, GBP 1004.36 & EUR 1,145.55 per ounce

Silver Prices (LBMA)

12 Feb: USD 15.81, GBP 12.30 & EUR 14.01 per ounce
11 Feb: USD 15.70, GBP 12.16 & EUR 13.88 per ounce
08 Feb: USD 15.78, GBP 12.18 & EUR 13.92 per ounce
07 Feb: USD 15.71, GBP 12.20 & EUR 13.87 per ounce
06 Feb: USD 15.73, GBP 12.15 & EUR 13.82 per ounce
05 Feb: USD 15.86, GBP 12.19 & EUR 13.89 per ounce
04 Feb: USD 15.74, GBP 12.05 & EUR 13.75 per ounce

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– Gold Bullion Will Protect From Politicians, Brexit and Increasing Market Volatility In 2019

Mark O'Byrne
Executive Director

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