◆ Gold has rallied 0.4% to $1,581.70/oz today and is at £1,204.60/oz and €1,431/oz, very close to the all time record high in euros seen on January 8th
◆ Concerns about the coronavirus are leading to risk aversion which is impacting economically sensitive, risk assets in the form of stocks and benefiting safe haven gold
◆ The risk that the epidemic becomes a global pandemic is leading to economic slowdown concerns, despite the World Health Organization’s confidence that the outbreak could be controlled
◆ A combination of technical and fundamental forces has gold hitting new seven-year highs in dollars and trading near all time record highs in euros and Australian dollars.
◆ Inflows into gold exchange-traded funds (ETFs) have hit seven-year highs as investors diversify into gold due to increasing financial and economic risks and the very uncertain outlook
NEWS and COMMENTARY
Gold inches higher on virus concerns; set for monthly gain
Gold prices settle at highest since 2013 as coronavirus worries feed haven demand
Investors flee to safe havens as virus burgeons
China’s December Net Gold Imports via Hong Kong Surge in December
Euro zone GDP falls short of expectations, rose 0.1% quarter-on-quarter, inflation picks up
Shares struggle for footing after virus-battered week
U.S. warns citizens against travel to China as virus toll tops 200
Coronavirus live updates: China says death toll hits 213, Britain reports first two cases
Gold Price Poised to Knock Out Another 7-Year High: 3 Reasons Why
In this special podcast to celebrate GoldCore’s appointment as an Approved Distributor of The Royal Mint, the GoldCore team discuss the ‘3 Key Things to Protect Your Finances in the 2020s’
Exclusive Gold Offer – For Retail, Pension and HNW Investors
To celebrate our appointment as a Royal Mint Approved Distributor, we are offering newly minted 2020 Gold Britannias and Gold Sovereigns at incredibly reduced premiums for all lump sum and pension investments worth more than £10,000, €12,000 or $14,000.
We are also giving 12 months of Secure Storage free of charge. Investors must trade before March 20th to qualify for the Exclusive Offer.
Key benefits and information here
GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)
30-Jan-20 1580.40 1578.25, 1213.75 1206.41 & 1435.16 1431.31
29-Jan-20 1571.20 1573.45, 1207.31 1209.20 & 1428.38 1429.95
28-Jan-20 1579.60 1574.00, 1212.19 1211.04 & 1433.33 1430.77
27-Jan-20 1583.45 1580.10, 1209.28 1210.04 & 1436.66 1433.94
24-Jan-20 1561.85 1564.30, 1192.63 1194.19 & 1415.04 1418.04
23-Jan-20 1554.05 1562.90, 1182.94 1191.24 & 1401.91 1411.77
22-Jan-20 1558.10 1556.90, 1193.19 1186.20 & 1404.78 1406.04
21-Jan-20 1556.25 1551.30, 1192.87 1188.14 & 1401.25 1397.26
20-Jan-20 1559.25 1560.15, 1200.93 1200.38 & 1406.76 1407.72
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