GoldCore, Local and International Market News

In summary, GoldCore believes that gold or silver may be affected by the risk factors. Gold is concerned about the resistance at 1308. Silver is concerned about the resistance at 16.74 (CNGold)

The settlement above $1,300 “may indicate the worst of the selling is over,” said Mark O’Byrne, research director at GoldCore.

Data from the U.S. Mint showed sales of 4,500 ounces of American Eagle gold coin sales last month, down 25% from the same month a year earlier. That was the weakest April sales level since 2007, according to GoldCore. (MarketWatch)

Mark O’Byrne, Research Director at Goldcore, talks to IGTV’s Victoria Scholar about the outlook for gold prices. (IG)

It was a similar story at GoldCore Ltd., where clients have been diversifying away from cryptocurrencies and into physical gold in both bars and coins, according to Director Mark O’Byrne. (BloombergQuint)

“I’m always a bit nervous when gold prices rise this much, this fast,” said Mark O’Byrne, marketing director of bullion dealer GoldCore Ltd. “But there certainly is healthy demand from China and the futures market — I think we should break highs above $1,400 later in the year.” (BloombergQuint)

Irish-based Goldcore said fears over a correction in London home prices have sparked more worries about overpriced markets, and some of its UK-based clients are buying gold to hedge as a result. (IrishExaminer)

Once the Fed “is out of the way, we expect people to start talking about the everything-bubble again, and about the implication for havens when it bursts…” said GoldCore (Bloomberg)

Russia continues stocking up on gold under Putin’s strategy (Russia Today)

An interview with GoldCore founder, Mark O’Byrne (Daily Reckoning)

The Sharia-compliant gold standard – one year on (The National UAE)

Irish Gold Broker GoldCore Tops Sales of $1bn (The Irish Times)


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