Daily Market Update

There Is No “Gold Bubble” as Retail Investors Are Only Starting To Invest in Gold – Bloomberg Interview GoldCore

Watch on YouTube here and on Bloomberg here

GoldCore Research Director Mark O’Byrne speaks on “Bloomberg Surveillance” about the factors behind the recent sharp fall in the gold price and as gold recovers above $2,000 per ounce, the very positive medium and long term outlook.

The outlook is positive due to significant economic uncertainty due to societal and economic lockdowns as the divisive U.S. election and Brexit loom, negative interest rates on deposits and bonds and looming currency devaluations globally.


NEWS and COMMENTARY

Gold Rebounds Above $2,000 Amid Escalating U.S.-China Tensions (Bloomberg) 

Gold jumps 1% to surpass $2,000/oz as dollar dips (Reuters)


Barrick Gold Shares Surge After Berkshire Hathaway Stake Purchase

Dollar hovers near two-year low as traders push euro longs to record high


New U.S. curbs to slam Huawei, hurt suppliers in short term

Venezuelan central bank’s gold reserves fall to lowest level in 50 years

GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)

17-Aug-20 1949.85 1972.85 1488.13 1505.68 1645.87 1661.53
14-Aug-20 1948.30 1944.75 1491.42 1482.09 1653.33 1643.31
13-Aug-20 1931.00 1944.25 1476.06 1482.30 1632.47 1640.17
12-Aug-20 1931.70 1931.90 1479.10 1483.70 1642.14 1640.57
11-Aug-20 1996.60 1939.65 1524.40 1479.57 1694.51 1646.76
10-Aug-20 2030.30 2044.50 1552.98 1561.38 1725.35 1734.96
07-Aug-20 2061.50 2031.15 1574.37 1559.52 1743.82 1726.88
06-Aug-20 2049.15 2067.15 1555.30 1569.59 1728.87 1743.43
05-Aug-20 2034.45 2048.15 1553.30 1558.03 1718.09 1722.90
04-Aug-20 1972.25 1977.90 1508.77 1519.62 1671.09 1686.56

 


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Mark O'Byrne
Executive Director

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