GoldCore Research Director Mark O’Byrne speaks on “Bloomberg Surveillance” about the factors behind the recent sharp fall in the gold price and as gold recovers above $2,000 per ounce, the very positive medium and long term outlook.
The outlook is positive due to significant economic uncertainty due to societal and economic lockdowns as the divisive U.S. election and Brexit loom, negative interest rates on deposits and bonds and looming currency devaluations globally.
NEWS and COMMENTARY
Gold Rebounds Above $2,000 Amid Escalating U.S.-China Tensions (Bloomberg)
Gold jumps 1% to surpass $2,000/oz as dollar dips (Reuters)
Barrick Gold Shares Surge After Berkshire Hathaway Stake Purchase
Dollar hovers near two-year low as traders push euro longs to record high
New U.S. curbs to slam Huawei, hurt suppliers in short term
Venezuelan central bank’s gold reserves fall to lowest level in 50 years
GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)
17-Aug-20 1949.85 1972.85 1488.13 1505.68 1645.87 1661.53
14-Aug-20 1948.30 1944.75 1491.42 1482.09 1653.33 1643.31
13-Aug-20 1931.00 1944.25 1476.06 1482.30 1632.47 1640.17
12-Aug-20 1931.70 1931.90 1479.10 1483.70 1642.14 1640.57
11-Aug-20 1996.60 1939.65 1524.40 1479.57 1694.51 1646.76
10-Aug-20 2030.30 2044.50 1552.98 1561.38 1725.35 1734.96
07-Aug-20 2061.50 2031.15 1574.37 1559.52 1743.82 1726.88
06-Aug-20 2049.15 2067.15 1555.30 1569.59 1728.87 1743.43
05-Aug-20 2034.45 2048.15 1553.30 1558.03 1718.09 1722.90
04-Aug-20 1972.25 1977.90 1508.77 1519.62 1671.09 1686.56
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The post There Is No “Gold Bubble” as Retail Investors Are Only Starting To Invest in Gold – Bloomberg Interview GoldCore appeared first on GoldCore News.
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