Gold gained another 2% yesterday to hit its highest since late 2012 as investors rush to the safety of bullion as lockdowns ravage economies and see the rollout of huge stimulus and bailouts.
NEWS and COMMENTARY
Gold slips as investors lock in profits, recession fears cap losses
Gold’s Powerful Rally Brings $1,800 Into View
Gold rallies to over 7-year high as virus sparks depression fears
Goldman says downturn will be four times worse than the financial crisis
Asia shares take a breather, China cuts medium-term rates
Oil in the age of coronavirus: a U.S. shale bust like no other
Trump cuts WHO funding over coronavirus, global toll mounts
Three top Wall Street banks have $7.4 trillion in off-balance-sheet exposures
Gold Sparkles as “The Great Lockdown” Hammers the Global Economy
GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)
14-Apr-20 1715.85 1741.90, 1367.36 1383.07 & 1567.91 1588.26
09-Apr-20 1662.50 1680.65, 1339.48 1348.22 & 1529.00 1538.13
08-Apr-20 1649.05 1647.80, 1328.27 1330.27 & 1517.00 1513.14
07-Apr-20 1652.20 1649.25, 1344.23 1333.75 & 1519.53 1511.21
06-Apr-20 1636.60 1648.30, 1330.72 1341.06 & 1515.49 1526.66
03-Apr-20 1609.75 1613.10, 1310.66 1315.97 & 1490.47 1495.34
02-Apr-20 1588.05 1616.80, 1277.59 1307.02 & 1452.27 1489.72
01-Apr-20 1594.25 1576.55, 1288.95 1270.23 & 1457.94 1442.86
31-Mar-20 1604.65 1608.95, 1299.61 1296.81 & 1461.52 1468.81
30-Mar-20 1624.35 1618.30, 1312.56 1305.97 & 1466.88 1466.02
Editors Note: The shortage of gold bullion coins and bars continues and may deepen as prices move higher. It is not just smaller one ounce bullion coins and bars that are difficult to source but also larger gold and silver bars including gold kilo bars (32.15 ozs) worth and 1,000 oz silver bars. Due to our direct relationships with government mints and refineries we continue to source large bars and some gold coins and bars in 1 oz formats.
