by GoldCore
* Gold has consolidated on recent gains this week and has crept higher in all major currencies (see LBMA prices below) and is nearing all time record nominal highs in euros
* Deutsche bank’s new record low at €5.80 underscores German and European banking contagion risk
* FTSE 100 opens slightly higher after trading delay of 90 minutes on trading trading services ‘issue’
* GE falls the most in 11 years after Madoff whistleblower calls it a ‘bigger fraud than Enron’
* Gold prices are marginally lower today but are currently set for another higher weekly close as safe-haven buying continues
* The wider economic, monetary and geopolitical backdrop will support safe haven assets and investors without an allocation to the precious metal should cost average into physical gold
News and Commentary
Gold heads for 3rd weekly gain on trade, growth concerns
Gold to Rise to $1,650 by 2Q 2020: UOB Private Bank
Deutsche Bank’s New Record Low Underscores European Banking’s Decline
German banks are in a much worse position than the rest of Europe – Citi
FTSE 100 opens after trading delay of 90 minutes on trading trading services ‘issue’
GE falls the most in 11 years after Madoff whistleblower calls it a ‘bigger fraud than Enron’
10-year Treasury yield falls to three-year low below 1.5%, 30-year rate declines to record low
Market plunge sheds harsh light on big banks and their derivatives counterparties
Nomura: Yesterday Was A Complete Rout, Raising Odds Of September “Lehman Shock”
“The End Of The World As We Know It” – China Going Nuclear Means There’s No Turning Back Now
Gold has been acting as a safe-haven – Ira Epstein
Listen and Watch Jim Rogers Interview Here
Gold Prices via LBMA (AM/ PM Fix – USD, GBP & EUR)
14-Aug-19 1500.35 1513.25, 1241.69 1253.73 & 1341.61 1356.17
13-Aug-19 1527.20 1498.40, 1265.90 1240.38 & 1363.48 1338.67
12-Aug-19 1501.95 1504.70, 1244.82 1243.63 & 1343.64 1341.74
09-Aug-19 1503.50 1497.70, 1242.19 1240.99 & 1342.02 1338.05
08-Aug-19 1497.40 1495.75, 1230.26 1234.14 & 1335.08 1335.70
07-Aug-19 1487.65 1506.05, 1225.82 1239.33 & 1330.11 1341.44
06-Aug-19 1461.85 1465.25, 1199.59 1201.21 & 1304.85 1311.11
05-Aug-19 1457.45 1465.25, 1199.92 1203.85 & 1307.92 1310.23
02-Aug-19 1436.05 1441.75, 1184.17 1187.28 & 1294.02 1298.44
01-Aug-19 1406.40 1406.80, 1161.12 1161.74 & 1273.35 1273.29