GoldCore Note
Gold prices have moved higher today after hitting a one-week low yesterday. Renewed worries over the U.S.-China trade war and its impact on the global economy are pushing gold higher.
Stocks globally have fallen as risk aversion creeps back in as the trade war escalates, increasing the appeal of gold bullion as a hedge and safe haven.
Spot gold was up 0.8% at $1,337.10 by mid morning (GMT), after falling to its weekly low at $1,319.35 in the previous session.
Stock markets moved lower as the warring factions in the China U.S. trade tussle engaged in another round of very heated exchanges. A new front in the deepening tensions between the superpowers is the new tech cold war and this does not bode well for an amicable resolution.
LBMA Gold Prices (USD, GBP & EUR – AM/ PM Fix)
11-Jun-19 1322.65 1324.30, 1040.53 1041.30 & 1168.96 1170.42
10-Jun-19 1328.60 1328.60, 1046.94 1048.66 & 1175.41 1175.94
07-Jun-19 1334.30 1340.65, 1049.16 1052.14 & 1184.19 1184.60
06-Jun-19 1336.65 1335.50, 1053.15 1051.17 & 1189.62 1185.92
05-Jun-19 1337.75 1335.05, 1052.01 1049.22 & 1185.38 1184.99
04-Jun-19 1323.60 1324.25, 1045.51 1043.77 & 1177.47 1177.26
03-Jun-19 1313.95 1317.10, 1039.47 1042.35 & 1175.99 1175.38
30-May-19 1276.45 1280.95, 1010.44 1015.92 & 1146.25 1151.70
News
Gold recovers as US-China trade jitters sour risk appetite
Gold finishes higher as U.S. stock market weakens
Equities fall with yields as trade optimism fades
Russian banks mull exporting more gold on new broader policy
China Extends Hand to India to Fend Off US Trade ‘Bullying’
Commentary
Why Trump’s Tweets about the Dollar Might Soon Pack a Lot More Punch
China’s loans to other countries are causing ‘hidden’ debt. That may be a problem
ECB’s Rehn: Rates cut, more QE all on the table
Gold is always shiny but US dollar is a ‘hyperinflated bubble’ ready to pop
Put Your Trust in Gold – Frank Holmes
