GoldCore News

Gold ETFs See Holdings Reach All Time Record Highs In September

◆ Global gold ETF holdings reach all time record highs, increasing by 13.4% so far in 2019 on hedging and safe haven demand ◆ Global gold ETFs, ETCs and similar products had US$3.9bn of net inflows across all regions, increasing their collective gold holdings by 75.2 tonnes(t) to 2,808t, the highest levels of all time in September ◆ Gold ETF […]

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China’s Central Bank Buys 100 Tons Of Gold As Trade and Dollar Tensions With U.S. Escalate

◆ China has added more than 100 tons of gold bullion bars to its gold reserves since it resumed buying in December; China’s gold holdings rose to 62.64m ounces in September, an increase of 190,000 ounces in one month ◆ The People’s Bank of China (PBOC) increased it’s gold reserves for a 10th straight month […]

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Chinese Buy Gold In Volume In Holiday Week as Gold Jewellery Sales ‘Soar’

◆ Gold is marginally lower today at $1,503/oz and stocks are mixed ahead of what are set to be tense U.S. and China trade negotiations. ◆ Gold sales are expected to accelerate through the end of the year due to weakening global economic conditions, according to Mike McGlone, a Bloomberg Intelligence senior commodity strategist as […]

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Gold Recovers To $1,507/oz After Falling To $1,496/oz After Poor Jobs Report; Now Higher For The Week

◆ Gold prices recovered to $1,507/oz after falling to $1,496/oz despite a poor jobs number; this was expected to see gold make gains due to the likelihood of further Fed rate cuts ◆ U.S. job creation was less than forecast in September (September payrolls 136K, Exp. 145K) and wage gains cooled in yet another warning […]

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Gold Consolidates At $1,500/oz As Stocks Fall On Fragile Global Economy Vulnerable To Shocks

NEWS and COMMENTARY Gold rises as weak U.S. data fuels global slowdown worries Global stocks fall to lowest in month on U.S. growth worries Dow dropped more than 800 points in 2 days — here’s what’s going on Manhattan Resale Home Prices Drop Most Since 2011 Morgan Stanley, Mitsubishi fined for spoofing in gold and […]

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Gold Recovers To $1,482/oz As Stocks Globally Fall Sharply After U.S. Manufacturing ‘Shock’

NEWS and COMMENTARY Gold inches up as weak U.S. data reinforces economic slowdown fears Gold prices end higher as fall in U.S. manufacturing index spurs haven buying Gold Is Breaking Out as Oil May Be Ready to Move Higher, Fidelity’s Gagliardi Says Global shares at one-month low on U.S. manufacturing shock Too big to lend? […]

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Gold Falls To 2 Month Low At $1,460/oz; UBS Increases Forecast to $1,730 Next Year

NEWS and COMMENTARY Gold lingers near 2-month low, robust dollar weighs Gold drops below the key $1,500 mark to post lowest finish in 2 months Euro drops to 28-month low on growth concerns UBS Doubles Down On Gold — Ups Its Forecast Again, up to $1,730 in 2020 Oil falls, Brent posts biggest quarterly drop […]

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Video: Gold $16,000 and Silver $770 Per Ounce? Focus On Safe Haven Value, Not Price

– “The possibility of gold over $16,000 per ounce and silver over $770 per ounce … I hear people gasp in dismay when I say those figures and I will qualify them” – “There are a lot of important developments in the precious metals market … the outlook for gold and silver has never been […]

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Gold Imports Into China Surge 61% From 8 Year Low To 13 Tonnes

◆ Gold is 0.6% lower today at $1,497/oz and appears headed for a 1.1% fall this week after a 2% gain last week ◆ Gold looks set for a near 2% loss in September which will encourage bargain hunters buying on weakness; The dollar remains near multi-week highs despite poor U.S. economic data of late […]

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Gold Marginally Higher On ‘Bargain Hunting’ As World’s Largest Gold ETF Sees Holdings Rise 1.8% to 924.94 Tonnes In One Day

◆ Gold prices have inched 0.3% higher today as a sharp drop of nearly 2% yesterday has attracted bargain hunters ◆ Gold tested support at $1,500/oz after another peculiar sell off in the futures market saw prices fall $30 in two hours on the COMEX yesterday with most of the selling coming after European and […]

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Gold At 3 Week High As Stocks and Dollar Fall On Trump’s Hard Line Stance Against Iran and China

◆ Gold has edged higher to reach three week highs at $1,535/oz today after Trump took a hard-line stance on China and Iran during his U.N. speech ◆ Stocks fell in the U.S. yesterday and today in Europe on increasing political turmoil in the U.S. and the UK; Concerns about the global economy and the […]

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Gold Marginally Higher On ‘Bargain Hunting’ As World’s Largest Gold ETF Sees Holdings Rise 1.8% to 924.94 Tonnes In One Day

◆ Gold prices have inched 0.3% higher today as a sharp drop of nearly 2% yesterday has attracted bargain hunters ◆ Gold tested support at $1,500/oz after another peculiar sell off in the futures market saw prices fall $30 in two hours on the COMEX yesterday with most of the selling coming after European and […]

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Gold At 2 Week High At $1,523/oz On Global Economy Concerns; Palladium At All Time Nominal High

  NEWS and COMMENTARY Gold climbs as weak eurozone data underlines fears over global growth Gold hits 2-week high on growth fears, palladium scales new peak Global stocks sink on dismal economic data, mixed trade signals European Central Bank Pressures EU Countries To Stimulate The European Economy The Coming Currency War 2.0: Digital Money vs. […]

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Gold Gains 0.8%, Silver 3.4% As Stocks Fall on Bad EU Data and Oil Gains On Middle East Concerns

  NEWS and COMMENTARY Gold gains on Middle East tensions; palladium hits record high Gloomy European Data Hits Stocks as Bonds Advance Oil gains more than 1% on Saudi supply doubts, Mideast tensions Iran warns it will ‘destroy aggressors’ after US troop announcement UK households’ financial worries hit five-year high: IHS Markit German Industrial Recession […]

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‘Plumbing of the U.S. Financial System’ Under Pressure; NY Fed Providing Massive Liquidity and Potentially Permanent Repo and QE

◆ The ‘plumbing of the U.S. financial system’ is under pressure as liquidity dries up forcing New York Federal Reserve to provide massive liquidity and potentially they may be forced to move to permanent repo operations and renewed quantitative easing or QE ◆ The New York Fed appears to be set to do another $75 […]

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Gold Falls Despite President of the United States Attacking “Fail Again” Federal Reserve

NEWS and COMMENTARY Trump: Powell and the Federal Reserve Fail Again. No “guts,” no sense, no vision! A terrible communicator!  Federal prosecutors, commodity regulators broaden manipulation probe beyond precious metals JP Morgan’s ‘spoofing’ isn’t the big manipulation GATA has pursued, Official manipulation is BIS gold swaps rose in August but still lower than last year […]

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JPMorgan’s Gold and Silver Desk Was a Criminal Enterprise – U.S. Justice Department

◆ JPMorgan’s head of precious metals trading and senior traders have been charged by the U.S. Department of Justice with rigging precious metal prices in a “massive, multiyear scheme” ◆ The DOJ’s indictment said the scheme generated millions of dollars in profits for JPMorgan Chase and caused millions in losses for counter-parties, prosecutors said ◆ […]

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Central Bank Gold Buying Is “Sustainable and Indeed May Accelerate”

◆ Why central banks including China and Russia will keep buying gold due to concerns about the outlook for currencies, including the dollar and the euro, Mark O’Byrne, Research Director of GoldCore told Marketwatch ◆ While the gold tonnage demand from central banks in recent months has been significant and near records, gold remains a […]

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Oil Surges 10%, Gold Gains 1% and Silver 2.2% After Saudi Oil Attacks

◆ Oil surged over 15% after the attacks on the Saudi oil facilities; oil prices are now 10% higher with gold 1% higher and silver over 2% higher ◆ U.S. stock index futures dropped as oil prices surged the most on record; Brent crude soared as much as 19.5% and West Texas Intermediate added 15.5% […]

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Gold Gains 1.5% After ECB Unleashes Bazooka of -0.5% Interest Rate and QE Of €20 Billion A Month

◆ Gold gained 1.7% after the European Central Bank unleashed easy money measures by cutting deposit interest rates and relaunched QE “for as long as necessary” ◆ The ECB moved further into negative rates at -0.5% and will electronically create of €20 billion euros every month to buy bonds; gold rose from €1,362/oz to €1,394/oz […]

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