Gold prices have inched 0.3% higher today as a sharp drop of nearly 2% yesterday has attracted bargain hunters.
Gold tested support at $1,500/oz after another peculiar sell-off in the futures market saw prices fall $30 in two hours on the COMEX yesterday with most of the selling coming after European and London's markets had closed.
The sell-off came despite robust demand for gold globally as seen in the world’s largest gold ETF seeing its holdings rose 1.81% to 924.94 tonnes yesterday alone.
The smart prudent money continues to diversify into safe haven gold in the form of fully segregated gold coin and bar ownership outside of the banking system.
Gold Prices (LBMA – USD, GBP & EUR – AM/ PM Fix)
24-Sep-19 1520.25 1520.65, 1220.76 1216.67 & 1382.36 1381.36
23-Sep-19 1519.50 1522.10, 1222.13 1225.90 & 1385.48 1385.11
20-Sep-19 1504.10 1501.90, 1199.07 1203.62 & 1361.06 1362.52
19-Sep-19 1498.40 1500.70, 1200.67 1201.76 & 1354.85 1357.08
18-Sep-19 1502.20 1503.50, 1206.27 1204.90 & 1360.39 1359.92
17-Sep-19 1499.30 1502.10, 1208.89 1207.24 & 1361.51 1360.45
16-Sep-19 1502.05 1497.20, 1207.35 1203.30 & 1357.25 1359.46
13-Sep-19 1506.30 1503.10, 1209.41 1208.19 & 1356.88 1358.35
12-Sep-19 1502.95 1515.20, 1219.94 1227.46 & 1362.88 1373.53
11-Sep-19 1493.65 1490.65, 1208.21 1209.07 & 1354.74 1355.90
![]()

Hard currencies are outperforming the dollar, euro, pound & all digital fiat currencies.
Source: Bloomberg via James Henry Anderson @jameshenryand




Comments
Log in or sign up to join the conversation.