GoldCore News

Gold Consolidates Near All Time Highs in Euros; Set For Weekly Gain and Monthly Gain Of 4% In USD

◆ Gold has rallied 0.4% to $1,581.70/oz today and is at £1,204.60/oz and €1,431/oz, very close to the all time record high in euros seen on January 8th ◆ Concerns about the coronavirus are leading to risk aversion which is impacting economically sensitive, risk assets in the form of stocks and benefiting safe haven gold […]

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Gold Gains As Investors Eye Economic Impact Of Coronavirus

NEWS and COMMENTARY Gold gains as virus fuels economic worry Gold ends slightly higher as traders eye economic impact of coronavirusGlobal stocks tumble over China epidemic worries U.S. economy growing moderately in fourth quarter US will keep tariffs on China even if coronavirus starts hurting growth, Trump advisor Peter Navarro says How the coronavirus outbreak […]

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Silver Prices Likely To Go “Exponential” – Guggenheim Co-Founder

◆ Silver prices are likely to go “exponential again” according to Guggenheim Partners co-founder Scott Minerd, in an interview with Bloomberg at Davos (see silver chart and interview below) ◆ Silver is “the number one conviction trade in 2020” Minerd, who is also the Guggenheim Global Chief Investment Officer (CIO) told Bloomberg whose conviction trade […]

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Gold May Top $2,000 As “Prices Surge On Global Fear”

by Paul R. La Monica via CNN Business Gold was one of the few investments heading higher Monday as worries about the coronavirus outbreak led to a steep market slide. Gold is now up more than 20% in the past year, and trading near $1,600 an ounce, its highest level since 2013. Other precious metals, […]

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Gold At Record Highs In Euros on Concerns regarding the Euro zone and Global Economy as Virus Spreads

◆ Gold has risen to new all time record highs in euros at €1,437/oz today due to safe haven demand due to concerns about the Euro zone and the global economy ◆ Gold is consolidating near all time record highs in sterling at £1,210/oz and at seven year highs in dollars at $1,590/oz ◆ Stocks […]

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“Cash Is Trash” In 2020, Hold Gold In a Diversified Portfolio – Dalio at Davos

◆ “Cash is trash” and investors should diversify and own gold as part of a diversified portfolio, world’s largest hedge fund manager told CNBC (see news below) at Davos ◆ For the second time in as many weeks, the world’s largest hedge fund, Bridgewater and its founder Dalio is encouraging investors to diversify into gold […]

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“All You Need To Do Is Own Gold and Silver” To Make Money In 2020

If you want to make money from investing, it’s simple: find a bull market and go long. And in 2020 gold and silver are in a bull market. by Dominic Frisby via the UK’s best-selling financial magazine Money Week I ran into Jim Mellon at a party at the weekend, and we soon got talking […]

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3 KEY THINGS YOU CAN DO TO PROTECT YOUR FINANCES IN THE 2020s [VIDEO]

In this special podcast to celebrate GoldCore’s appointment as an Approved Distributor of The Royal Mint, the GoldCore team discuss the ‘3 Key Things to Protect Your Finances in the 2020s.’ What Are The 3 Key Things to Protect Your Finances in 2020? 1. Review your investments, savings and overall finances – your assets and […]

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GoldCore Appointed Approved Distributor for the Royal Mint – Special Video Podcast and Exclusive Offer

To celebrate GoldCore’s appointment as an Approved Distributor of The Royal Mint we have put together a special podcast and an Exclusive Offer for our clients and community. Exclusive CGT Gold Offer – For UK Retail, Pension and HNW Investors ◆ We are offering newly minted 2020 Gold Britannias and Gold Sovereigns at incredibly reduced […]

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Gold Falls From Two Week High As Safe Haven Bid On Virus and IMF Global Growth Concerns Evaporates

◆ Gold prices rose to a two-week high today prior to giving up the initial gains; Spot gold prices reached their highest since January 8th at $1,568.40/oz prior to falling to $1,550.60/oz ◆ The spread of a new virus in China stoked fears of a wider epidemic in Asia, sparking a sudden bout of risk […]

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Palladium Surges 9% In Week and 50% In Year To Record At $2,500/oz

◆ Palladium hits new all time record high after surging 9% in a week for its biggest weekly gain since 2001 (see chart below) ◆ Palladium soared over 9% and 50% for the year to power above the key $2,500 an ounce level for the first time on Friday, boosted by a chronic shortage of […]

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World’s Largest Hedge Fund Sees Gold Rising 30% To $2,000

◆ Bridgewater’s co-chief investment officer Greg Jensen told the Financial Times that gold prices could rally to $2,000 an ounce. ◆ The manager from the world’s biggest hedge fund cited increased income inequality in the U.S. and rising tensions with China and Iran as uncertainties that will prompt more safe-haven buying. ◆ Jensen also believes […]

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Why Do Prudent Indians Diversify Into Gold?

◆ Indians diversify into gold coins, bars and jewellery because it never fails them in an emergency ◆ Indians are simply very prudent and practical and believe in channeling some of their wealth and saving into physical gold ◆ “A woman’s gold is both her personal treasure and plays a functional role as the family’s […]

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World’s Most Precious Metal Surges Over 30% In 2 Weeks and 12 Fold In 4 Years On Supply Concerns

◆ Rhodium has surged 30% in January to the highest levels since 2008 and has risen more than 12 fold in less than four years from $575 per ounce to nearly $8,000 per ounce ◆ Rhodium is now 5 times more costly than safe haven gold and 440 times more expensive than the industrial and […]

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Demand For Gold Coins and Bars At The Perth Mint Surge To 3 Year High

by Reuters via Nasdaq.com The Perth Mint’s gold product sales in December rose 45% from the previous month and to their highest in more than three years, the refiner said. Sales of gold coins and minted bars in December climbed to 78,912 ounces – their highest since October 2016, and surged about 170% from the […]

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Wealthy Investors Are Buying Gold Coins and Bars and Storing Them In Secure Bunkers

CNN and Goldman Sachs via Russia Today The strategic case for owning gold remains strong, according to analysts at Goldman Sachs. They point to such factors as political uncertainty, recession fears and other worries among the global elite. Data from Goldman research showed that owning the physical metal seems to be the global elite’s preferred […]

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Here Is Why Gold Could Rise Above $7,000 An Ounce

by Charlie Morris via Money Week (Part II) In Part I, I reiterated that gold is in a bull market, and I suggested that a bullish target for $7,166 is both logical and plausible. So how did I reach that conclusion? Allow me to talk you through it, step by step below. How inflation could […]

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Gold Steadies After Falls As U.S., Iran Stepping Back From the Brink

◆ Haven demand ebbs as stocks climb with easing Mideast tensions ◆ Palladium retreats from fresh record but holds near $2,100 ◆ There’s still very strong demand for gold “due to a host of financial, geopolitical and monetary risks,” said Mark O’Byrne, research director at GoldCore Full article on Bloomberg Gold Posts First Loss in […]

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Gold Reaches $1,610/oz Prior To Retreating As Iran Attacks U.S. Bases

◆ Gold surged to a seven year high at $1,610.90 overnight prior to retreating as markets experience volatility due to the risks of a U.S. retaliation after Iran’s attacks on U.S. bases in Iraq. ◆ The severe, but long expected, re-escalation of geopolitical tensions led to the gold price surging overnight as speculators go long […]

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Gold’s New Bull Market and Why Over $7,000 Per Ounce Is “Logical” (Part I)

◆ Gold could rise to more than $7,000 an ounce according to respected MoneyWeek contributor and fund manager Charlie Morris (Part I today and Part II tomorrow) A year ago, in my occasional free newsletter, Atlas Pulse, I upgraded gold – which was trading at $1,239 an ounce at that point – to “bull market” […]

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Global Economic Growth To Half Due To Coronavirus; Ultra Loose Monetary and Fiscal Policies To Devalue Currencies

The coronavirus is now present on every continent except Antarctic. Source: Johns Hopkins CSSE ◆ The coronavirus may plunge the global economy into the worst downturn and crisis since 2009, the OECD has warned as the virus is now present[...]

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Gold Surges 3% After U.S. Fed’s First Emergency Rate Cut Since 2008

◆ Gold surged 3% yesterday and has consolidated on those gains today; it was gold's largest daily gain since June 2016 as the Fed delivered a surprise emergency rate cut, the first since the 2008 crisis ◆ Gold has gained[...]

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