Theresa May Quits As PM – Gold In British Pounds Reaches £1,015 Per Ounce

  • Gold in British pounds consolidates over £1,000 per ounce after reaching £1,015 per ounce due to political uncertainty and concerns of a Hard Brexit
  • Theresa May, in an emotional speech outside 10 Downing Street, said she had “done everything” she could to convince MPs to back the withdrawal agreement she had negotiated with the EU
  • “I will shortly leave the job that it has been the honour of my life to hold” May said. She said that it was with “deep regret” that she had ultimately failed to reach a consensus on Brexit
  • Political fragmentation and divisiveness and the increasing risk of radical parties of the left and the right will create significant uncertainty and impact the pound in the coming weeks
  • The “elephant in the room” is the massive total UK debt which is completely unsustainable and yet is being ignored with all the focus on Brexit

Sterling wobbles after Theresa May quits

Pound briefly climbs after news U.K. Prime Minister Theresa May will step down

Gold settles at highest in a week as trade standoff contributes to drop in global stock markets

Wall Street tumbles over 1% on trade, growth fears

Oil plunges 5% as US-China trade dispute heats up, Iran tension cools  

WATCH VIDEO HERE

Theresa May resigns as UK prime minister amid Brexit crisis

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How to Unrig the Gold Market – Frank Holmes and GATA’s Chris Powell


LBMA Gold Prices (GBP AM/ PM Fix)
23-May-19 1009.79 1015.37
22-May-19 1005.44 1008.09
21-May-19 1004.85 998.62
20-May-19 1000.05 1003.22
17-May-19 1007.55 1005.17
16-May-19 1009.62 1009.46
15-May-19 1005.87 1011.87
14-May-19 1002.14 1005.48
13-May-19 985.95 994.89

Own Gold & Silver Coins (CGT Free in the UK) Stored In Zurich With Six Months Free Storage


LBMA Gold Prices (USD, GBP & EUR – AM/ PM Fix)
23-May-19 1275.95 1283.65, 1009.79 1015.37 & 1146.19 1152.46
22-May-19 1274.00 1273.80, 1005.44 1008.09 & 1141.12 1141.20
21-May-19 1276.00 1271.15, 1004.85 998.62 & 1144.19 1139.84
20-May-19 1275.25 1276.85, 1000.05 1003.22 & 1142.63 1143.42
17-May-19 1285.80 1280.80, 1007.55 1005.17 & 1152.08 1146.70
16-May-19 1295.55 1291.70, 1009.62 1009.46 & 1155.76 1154.78
15-May-19 1298.90 1299.10, 1005.87 1011.87 & 1158.75 1161.53
14-May-19 1297.60 1298.40, 1002.14 1005.48 & 1154.34 1158.04
13-May-19 1282.95 1295.60, 985.95 994.89 & 1142.47 1151.27


Mark O'Byrne

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