Gold Marginally Higher; China Buys 100 Tons of Gold For Its Reserves In 2019

◆ Gold eked out small gains of 0.4% to $1,512/oz after falling nearly 1% last week; Improved risk appetite are capping gains for now

◆ Gold may go lower in the short term and support is at $1,500 and $1,450 per ounce but strong global safe haven demand from investors, family offices and central banks including China and Russia (see News below) should lead to further gains

◆ China has raised it gold holdings for ninth straight month, with the PBOC buying another 5.9 tons in August and adding nearly 100 tons of gold to its reserves since it resumed declaring purchases in December

◆ Russia’s massive gold stash is now worth more than $100 billion and the value of Russia’s gold reserves climbed 42% in the past year



 

News and Commentary

Gold inches higher, but improved risk appetite caps gains

Gold fell 0.7% on Friday and fell 0.9% last week

Gold Investments Hit Record High As Family Offices Seek Safe Haven

China Has Added Nearly 100 Tons of Gold to Its Reserves

Russia’s Massive Gold Stash Is Now Worth More Than $100 Billion

Global stocks gain on hopes of central bank stimulus

China will not tolerate attempts to separate Hong Kong from China

China’s exports to US fell 16% in August as Trump escalates trade war

More Americans will die after U.S. abruptly ends Afghan talks, Taliban say

UK’s Royal Mint plans first stock exchange product with gold ETF

‘Gold is the way to go’ as interest rates fall, says Mark Mobius

Gold At $10,000 Isn’t Crazy – Frank Holmes

 

 

Gold Prices (LBMA – USD, GBP & EUR – AM/ PM Fix)

06-Sep-19 1504.95 1523.70, 1223.52 1237.09 & 1363.94 1378.49
05-Sep-19 1542.60 1529.10, 1257.06 1238.72 & 1397.44 1380.78
04-Sep-19 1538.80 1546.10, 1265.05 1269.97 & 1397.69 1403.86
03-Sep-19 1532.45 1537.85, 1278.06 1277.80 & 1400.35 1403.44
02-Sep-19 1523.35 1525.95, 1260.42 1265.01 & 1388.69 1391.51
30-Aug-19 1526.55 1528.40, 1253.14 1251.15 & 1382.75 1383.51
29-Aug-19 1536.65 1540.20, 1260.51 1262.96 & 1387.29 1392.03


Click here to listen to the latest GoldCore Podcast


Receive our free Daily or Weekly Updates by signing up here and click here to subscribe to GoldCore’s You Tube Channel




Mark O'Byrne

Also on news-goldcore-com

Videos

Are We In A Financial Bubble? Peter Grandich Interview

Marc Faber Interview 2021: Don’t Sell Your Gold

Buy Physical Silver Now- Gary Savage

Blog posts

Central Banking Is A Joke, And You Are The Punchline

British Prime Minister Boris Johnson gets paid less than Canadian Prime Minister Justin Trudeau. Each of them is getting less salary than US President Joe Biden’s US$400,000. Why do we want you to know this?  Because each is paid well enough already. And each of them holds a job that contains implied fiduciary duties to […]

READ MORE

Are We In A Financial Bubble? Peter Grandich Interview

Peter Grandich is Dave Russell’s guest on GoldCore TV this week and talks about how he believes that the US financial, political, and military reputation has been seriously damaged. Watch the Video to Learn More Make sure you don’t miss a single episode… Subscribe to our YouTube channel Don’t Sell Your Gold!Watch Dr. Marc Faber on GoldCore […]

READ MORE

Money printing is worse than bad sushi!

Today we watched a video of the Chinese demolishing dozens of high-rise apartment blocks per government mandate, the video is here. This implosion video reached us on the same day that China’s largest real estate development company Evergrande seems ready to also implode its balance sheet.  Here is a story from Reuters with a video […]

READ MORE

Featured

Gold posts its first loss in 11 sessions as Trump’s speech ebbs Iran war worries

READ MORE

China and Russia Are Buying Gold and They Don’t Care How Much It Costs

READ MORE

Gold Is Overvalued in Short-Term, Says Goldcore’s O’Byrne

READ MORE
Newsletter
Category
Archives
Popular

No posts available

Videos

Are We In A Financial Bubble? Peter Grandich Interview

Marc Faber Interview 2021: Don’t Sell Your Gold

Buy Physical Silver Now- Gary Savage

Blog posts

Central Banking Is A Joke, And You Are The Punchline

British Prime Minister Boris Johnson gets paid less than Canadian Prime Minister Justin Trudeau. Each of them is getting less salary than US President Joe Biden’s US$400,000. Why do we want you to know this?  Because each is paid well enough already. And each of them holds a job that contains implied fiduciary duties to […]

READ MORE

Are We In A Financial Bubble? Peter Grandich Interview

Peter Grandich is Dave Russell’s guest on GoldCore TV this week and talks about how he believes that the US financial, political, and military reputation has been seriously damaged. Watch the Video to Learn More Make sure you don’t miss a single episode… Subscribe to our YouTube channel Don’t Sell Your Gold!Watch Dr. Marc Faber on GoldCore […]

READ MORE

Money printing is worse than bad sushi!

Today we watched a video of the Chinese demolishing dozens of high-rise apartment blocks per government mandate, the video is here. This implosion video reached us on the same day that China’s largest real estate development company Evergrande seems ready to also implode its balance sheet.  Here is a story from Reuters with a video […]

READ MORE

Featured

Gold posts its first loss in 11 sessions as Trump’s speech ebbs Iran war worries

READ MORE

China and Russia Are Buying Gold and They Don’t Care How Much It Costs

READ MORE

Gold Is Overvalued in Short-Term, Says Goldcore’s O’Byrne

READ MORE