Daily Market Update

Gold Steadies After Falls As U.S., Iran Stepping Back From the Brink

Source: Bloomberg

◆ Haven demand ebbs as stocks climb with easing Mideast tensions

◆ Palladium retreats from fresh record but holds near $2,100

◆ There’s still very strong demand for gold “due to a host of financial, geopolitical and monetary risks,” said Mark O’Byrne, research director at GoldCore

Full article on Bloomberg


Gold Posts First Loss in 11 Sessions as Trump’s Speech Ebbs Iran War Worries

via Marketwatch

◆ Yellow metal falls from highest levels since 2013

◆ Gold prices fall after a 10-session run higher after a speech from President Donald Trump indicated that Iran may be “standing down”

◆ “From a trading perspective, gold is very overbought after the close to 10% move higher in the last 30 days,” said Mark O’Byrne, research director at GoldCore in Dublin. “However, given the scale of the geopolitical uncertainty could see gold stay overbought in the short term.”

Full article on Marketwatch


GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)
08-Jan-20 1582.85 1571.95, 1206.13 1197.35 & 1421.87 1412.87
07-Jan-20 1566.50 1567.85, 1190.85 1197.05 & 1402.80 1406.52
06-Jan-20 1576.85 1573.10, 1198.09 1197.29 & 1408.44 1406.51
03-Jan-20 1547.40 1548.75, 1182.37 1184.48 & 1389.57 1387.99
02-Jan-20 1520.55 1527.10, 1151.36 1161.51 & 1358.46 1366.91
31-Dec-19 1523.00,                1157.78 & 1358.06
30-Dec-19 1511.50 1514.75,  1152.37 1152.57 & 1350.22  1351.91
27-Dec-19 1510.60  1511.50, 1156.36 1152.67 & 1356.37  1353.85
24-Dec-19 1490.85                  1152.58 & 1345.94



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Mark O'Byrne
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