Daily Market Update

Gold $1600 In 2020 as Case for Diversifying into Gold ‘as Strong as Ever’ – Goldman

Gold will climb to $1,600 over the next year – Goldman

Goldman is still forecasting that gold will climb to $1,600 over the next year due to investment demand.

Investors should diversify their long-term bond holdings with gold, citing “fear-driven demand” for the precious metal – Goldman Sachs Group Inc.

◆ “We still see upside in gold as late cycle concerns and heightened political uncertainty will likely support investment demand” for bullion as a defensive asset.

◆ “Gold cannot fully replace government bonds in a portfolio, but the case to reallocate a portion of normal bond exposure to gold is as strong as ever.”


Full article via Bloomberg here



NEWS & COMMENTARY

Gold inches up on US-China trade uncertainty

Gold loses over 1% as better-than-expected U.S. jobs report lifts stocks and the dollar

Gold falls 1% after robust U.S. jobs data; palladium soars

Gold has been on a round trip to nowhere this week, trader says

Sovereign Gold Bonds in 2019: Really?

China’s November foreign exchange reserves fall more than expected amid focus on trade deal


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

06-Dec-19 1474.85 1459.65, 1122.80 1112.40 & 1328.54 1320.25
05-Dec-19 1474.60 1475.95, 1122.76 1122.31 & 1329.65 1329.54
04-Dec-19 1475.85 1475.10, 1131.53 1125.94 & 1332.54 1327.89
03-Dec-19 1470.40 1477.30, 1132.50 1136.78 & 1328.51 1333.12
02-Dec-19 1457.50 1461.15, 1130.00 1130.05 & 1323.26 1321.17
29-Nov-19 1456.35 1460.15, 1129.55 1131.32 & 1323.24 1327.42
28-Nov-19 1457.55 1454.65, 1127.27 1127.35 & 1323.60 1321.84
27-Nov-19 1459.80 1454.35, 1134.12 1129.74 & 1326.23 1322.30
26-Nov-19 1457.65 1454.65, 1133.76 1131.86 & 1322.96 1321.11
25-Nov-19 1459.45 1458.40, 1133.41 1130.84 & 1325.33 1323.35


Watch Our Latest Video Update Here


SIGN UP FOR OUR AWARD WINNING MARKET UPDATES HERE


Mark O'Byrne
Executive Director

Read more...
Newsletter
Category
Archives
Popular

COMEX Halts Gold Trading Twice In One Day After $200 Million Sell Trades

Today’s AM fix was USD 1,248.50, EUR 929.64 and GBP 775.76 per ounce.
Yesterday’s AM fix was USD 1,271.50, EUR 939.69 and GBP 787.11 per ounce.

Gold fell $28.70 or 2.25% yesterday, closing at $1,244.70/oz. Silver slid $0.47 or 2.31% closing at $19.85/oz. Platinum dropped $22.80 or 1.6% to $1,389.00/oz, while palladium fell $9.75 or 1.4% to $708.25/oz.

READ MORE

UK House Prices 'On Brink' Of Massive 40% Collapse

- UK house prices on brink of massive 40% collapse - UK  at ‘edge of worst house price collapse since 1990s’ - Two leading economists warn of property crash - "We are due a significant correction in house prices" - Brexit and[...]

READ MORE