DAILY PRICES
Today’s Gold prices were USD 1,094.80, EUR 998.50 & GBP 707.74 per ounce.
Friday’s Gold prices were USD 1,091.35, EUR 998.99 & GBP 703.01 per ounce.
[LBMA AM prices]
Last week, gold and silver were mixed with gold marginally lower for the week – down 0.28% to $1,092.10 and silver up 0.4% to $14.77 per ounce.
Gold in USD – 1 Year
This morning, gold is 0.1% higher to $1,096 per ounce. Silver is up 0.74% to $15.02 per ounce. Platinum and palladium are 0.74% and 0.5% higher to $973 and $607 per ounce respectively.
Gold’s Artificial Lows – Price Surge Coming
- With gold languishing near deep secular lows, its technicals look hopelessly broken
- Sentiment is off-the-charts bearish, with traders universally convinced gold is doomed to spiral lower indefinitely
- But gold’s weakness this year is very deceiving, as it wasn’t the product of global fundamental supply-and-demand forces
- Extreme record shorting by American futures speculators spawned these artificial lows
- Gold’s imminent short-covering rally should be the largest ever, coming from record extremes
Continue reading about Gold’s Artificial Lows
Breaking News and Research Here
Follow GoldCore on Twitter, GoldCore on Facebook, GoldCore on LinkedIn