Daily Market Update

“We Need Gold” To Protect Us From Inflation As Central Banks Bail Out Indebted Zombie Banks, Corporations and Governments





Editors Note: Astute people of the left and right, liberals and conservatives and of no political persuasion at all, have recognised gold’s importance as a way to protect people from political and economic stupidity and corruption. Alas, there is plenty of that today and people need to protect themselves, their families and their companies by owning physical gold in the safest ways possible.



RELATED COMMENTARY

Gold Will Reach $3,000/oz: “Fed Can’t Print Gold” and Is “Ultimate Store Of Value” – Bank of America

“Gold Is A Great Hedge Against Politicians” – Goldman Sachs

Central Banks ‘Vote For Gold’ Due To Government Bonds And Currency Concerns


NEWS and COMMENTARY

Gold gains as equity rally pauses ahead of Fed verdict

Stocks, dollar stumble ahead of Fed

With crisis response in place, Fed looks to long term

ECB prepares ‘bad bank’ plan for wave of coronavirus toxic debt

Germany eyes additional debt of up to 50 billion euros for stimulus push

Why banks are promoting gold loans (India)



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

09-Jun-20  1707.50 1713.50, 1350.46 1348.87 & 1515.41 1510.62
08-Jun-20  1692.00 1690.35, 1333.97 1331.32 & 1496.91 1494.61
05-Jun-20  1709.55 1683.45, 1353.79 1327.91 & 1510.22 1490.53
04-Jun-20  1706.45 1700.05, 1363.97 1353.58 & 1523.86 1507.77
03-Jun-20  1717.60 1705.35, 1364.80 1355.41 & 1531.41 1519.81
02-Jun-20  1740.25 1742.15, 1385.76 1386.58 & 1556.83 1556.44
01-Jun-20  1734.80 1730.60, 1398.77 1393.13 & 1559.76 1556.16
29-May-20 1725.65 1728.70, 1401.92 1399.73 & 1550.15 1554.97
28-May-20 1723.30 1717.35, 1403.28 1398.27 & 1564.93 1556.61
27-May-20 1705.15 1694.60, 1385.95 1382.12 & 1552.71 1541.92
26-May-20 1722.75 1720.25, 1399.22 1393.57 & 1571.32 1566.63


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Mark O'Byrne
Executive Director

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