by GoldCore
◆ State Street’s senior multi-asset strategist, Benjamin Jones, discusses the importance of gold in asset allocation today call on gold on “Bloomberg Daybreak: Europe”
◆ “Bitcoin or gold?” “I prefer gold. Bitcoin is interesting but would I suggest it to my clients … definitely no … but it might be a bit of fun to own on the side”
◆ Gold is a “hedge in an era of heightened geopolitical risk” and period of nations not wanting to rely on the U.S. and not relying on the dollar
◆ This is clearly seen in the amount of gold that central banks such as China, Russia and Poland are buying
◆ There is still a lot of capacity for central banks and investors to buy gold in 2020
NEWS and COMMENTARY
Why silver prices may climb to their highest yearly average since 2014
Gold poised for a weekly gain as virus fears lift safe-haven demand
White House considering tax incentive for more Americans to buy stocks
China quarantines cash in coronavirus-hit areas to prevent spread of deadly disease
Under China’s lockdown, millions have nowhere to go
Goldman ‘Bullish’ on Gold As Metals Gain on Stimulus Bet
GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)
14-Feb-20 1576.35 1581.40, 1209.60 1214.20 & 1453.08 1456.79
13-Feb-20 1575.00 1575.05, 1213.55 1207.59 & 1447.27 1450.94
12-Feb-20 1566.75 1563.70, 1206.55 1206.55 & 1434.83 1434.54
11-Feb-20 1567.70 1570.50, 1212.77 1211.33 & 1436.01 1438.26
10-Feb-20 1574.05 1573.20, 1219.26 1215.93 & 1437.11 1439.64
07-Feb-20 1568.30 1572.65, 1212.45 1214.56 & 1432.33 1433.63
06-Feb-20 1564.75 1563.30, 1205.95 1206.71 & 1421.89 1 422.45
05-Feb-20 1552.20 1553.30, 1189.30 1198.22 & 1407.53 1411.79
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