Iran’s Gold Demand Set for Surge Before Trump Sanctions Bite

Gold and Silver Bullion – News and Commentary

Iran’s Gold Demand Set for Spurt Before Trump Sanctions Bite (Bloomberg.com)

Dollar Drops as Treasuries Climb; Oil Extends Gain: Markets Wrap (Bloomberg.com)

Gold edges down on firm dollar, US bond yields (Reuters.com)

Gold recovers a major part of early losses to 200-DMA support (FXStreet.com)

Oil soars after Trump nixes Iran nuclear deal, stocks rally (Reuters.com)


Source: Bloomberg

Israel Unleashes Airstrikes, Shelling On Syria In Retaliation For Alleged Iran Attack (Zerohedge.com)

Month of May Has Been a Great Time to Buy Gold (Goldseek.com)

Oil and the dollar are doing something they have only done 11 times in the past 35 years (MarketWatch.com)

Is the Supply of Gold Depleting? (GoldTelegraph.com)

Gold Mining Supply Is Collapsing (TheDailyCoin.com)

 

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Gold Prices (LBMA AM)

09 May: USD 1,306.85, GBP 965.11 & EUR 1,102.07 per ounce
08 May: USD 1,310.05, GBP 969.44 & EUR 1,101.88 per ounce
04 May: USD 1,309.35, GBP 965.78 & EUR 1,094.09 per ounce
03 May: USD 1,313.30, GBP 966.19 & EUR 1,094.64 per ounce
02 May: USD 1,310.75, GBP 960.52 & EUR 1,091.99 per ounce
01 May: USD 1,309.20, GBP 956.37 & EUR 1,087.68 per ounce
30 Apr: USD 1,316.25, GBP 958.62 & EUR 1,087.62 per ounce

Silver Prices (LBMA)

09 May: USD 16.44, GBP 12.12 & EUR 13.84 per ounce
08 May: USD 16.45, GBP 12.17 & EUR 13.85 per ounce
04 May: USD 16.42, GBP 12.10 & EUR 13.72 per ounce
03 May: USD 16.47, GBP 12.12 & EUR 13.74 per ounce
02 May: USD 16.35, GBP 11.98 & EUR 13.62 per ounce
01 May: USD 16.25, GBP 11.87 & EUR 13.51 per ounce
30 Apr: USD 16.38, GBP 11.93 & EUR 13.54 per ounce


Recent Market Updates

– “Money Is Gold — and Nothing Else”
– U.K. Home Prices Plunge 3.1% In April – Largest Monthly Drop Since Financial Crisis In 2011
– Weekly Gold Update – Gold In Dollars Lower Despite Poor US Jobs and Other Data
– Own Some Gold and Avoid Overvalued Assets
– Gold Demand Falls In Q1 Despite Robust Central Bank and Investment Demand and Surging Demand In Turkey and Iran
– Smart Money Diversifying Into Gold – One Billionaire Invests Half His Net Worth
– “Blood In The Streets” Of U.S. Gold Bullion Market As Sale Of Gold Coins Collapse
– Most Important Chart Of The Century For Investors?
– Gold Mining Shares Are Speculative Making Gold Bullion A Better Investment
– Gold Price Increasingly Influenced By Declining Dollar Rather Than Interest Rates
– Cash “Vanishes” From Bank Accounts In Ireland
– Russia Buys 300,000 Ounces Of Gold In March – Nears 2,000 Tons In Gold Reserves
– Family Offices and HNWs Invest In Gold Again

Mark O'Byrne

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