Daily Market Update

Weak Gold Hands Push for the Exits on Strong Dollar and Lack of Fear

Gold and Silver Bullion – News and Commentary

Weak Gold Hands Push for the Exits on Strong Dollar and Lack of Fear (Bloomberg.com)

Gold slips as U.S-China trade war put ‘on hold’ (Reuters.com)

U.S. Puts ‘Trade War’ Against China on Hold, Mnuchin Says (Bloomberg.com)

Turkey Repatriates All Gold From The US In Attempt To Ditch The Dollar (ZeroHedge.com)

America, Beware — Dollar Supremacy Is Not Forever (FT.com)

Central Bank Russia added 17 tons of gold to its reserves in April (Twitter.com)

Strong dollar is a stock-market drag and poses a threat to earnings growth (MarketWatch.com)

End of a Fiat Era Will Birth Beautiful Prosperity Worldwide (BusinessInsider.com)

Credit Card Delinquencies Spike Past Financial-Crisis Peak (WolfStreet.com)

 

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Gold Prices (LBMA AM)

18 May: USD 1,287.20, GBP 954.20 & EUR 1,091.16 per ounce
17 May: USD 1,288.85, GBP 952.07 & EUR 1,090.50 per ounce
16 May: USD 1,291.75, GBP 958.61 & EUR 1,093.60 per ounce
15 May: USD 1,310.05, GBP 966.42 & EUR 1,098.35 per ounce
14 May: USD 1,320.70, GBP 972.30 & EUR 1,101.86 per ounce
11 May: USD 1,324.80, GBP 978.23 & EUR 1,110.45 per ounce

Silver Prices (LBMA)

18 May: USD 16.39, GBP 12.16 & EUR 13.92 per ounce
17 May: USD 16.39, GBP 12.14 & EUR 13.90 per ounce
16 May: USD 16.26, GBP 12.07 & EUR 13.79 per ounce
15 May: USD 16.41, GBP 12.12 & EUR 13.77 per ounce
14 May: USD 16.65, GBP 12.25 & EUR 13.89 per ounce
11 May: USD 16.76, GBP 12.35 & EUR 14.04 per ounce


Recent Market Updates

– US 10-Year Surges, Emerging Markets Implode…Where Next for Gold?
– Welsh Gold Being Hyped Due To The Royal Wedding?
– Oil Price Is Going To Keep Rising And Inflation Is Coming
– Gold Price Manipulation – A Comprehensive Guide By James Rickards
– EU ‘Nightmare Scenario’ As Popular Anti-Euro and Anti-EU Government Takes Power In Italy
– “Oil price highest in 3 years, gold ready to follow”, by Daniel March
– Gold Mining Supply Globally Looks Set To Decline
– Gold Bullion Demand In Iran May Surge On Trump Sanctions
– “Money Is Gold — and Nothing Else”
– U.K. Home Prices Plunge 3.1% In April – Largest Monthly Drop Since Financial Crisis In 2011
– Weekly Gold Update – Gold In Dollars Lower Despite Poor US Jobs and Other Data
– Own Some Gold and Avoid Overvalued Assets
– Gold Demand Falls In Q1 Despite Robust Central Bank and Investment Demand and Surging Demand In Turkey and Iran

Mark O'Byrne
Executive Director

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