Daily Market Update

Why the Gold Rally Is Set to Run

A confluence of factors is leading to a rally in gold prices that could last for several years.

It’s all systems go for gold investors.

The bullion market is stirring from a multiyear slumber and looks set to enter a sustained rally, experts say. Double-digit increases within the next 18 months may be only the start of the price surge.

“[W]e believe there is a very good chance that this marks the beginning of a new gold bull market,” says gold market veteran Joe Foster, portfolio manager for the VanEck International Investors Gold Fund. Foster says the run is “likely to last several years.” 

Full article via The Street here

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

09-Jul-19 1387.90 1391.55, 1113.51 1115.61 & 1239.39 1241.54
08-Jul-19 1404.90 1400.10, 1121.11 1119.38 & 1251.20 1248.19
05-Jul-19 1414.40 1388.65, 1126.43 1110.92 & 1255.99 1237.70
04-Jul-19 1415.25 1414.90, 1125.41 1125.55 & 1254.19 1254.59
03-Jul-19 1425.10 1413.50, 1133.52 1123.31 & 1262.78 1251.65
02-Jul-19 1393.10 1391.05, 1105.01 1101.02 & 1233.59 1231.77
01-Jul-19 1390.05 1390.10, 1099.81 1099.99 & 1227.41 1227.74
28-Jun-19 1413.20 1409.00, 1114.87 1108.18 & 1241.07 1237.81




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Mark O'Byrne
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