Gold Bullion Up 1% In Week, Heads For 5th Weekly Gain As Bonds Sell Off

January 12, 2018

Gold bullion set for fifth week of gains as dollar slumps  (Reuters.com)

Asia Stocks Are Mixed as Euro Gains, Bonds, Gold Bullion Steady (Bloomberg.com)

U.S. runs December budget deficit of $23 billion – Treasury (MarketWatch.com)

Uproar over crackdown on cryptocurrencies divides South Korea (Reuters.com)

Wal-Mart Raises Hourly Wage to $11 in Wake of Tax Overhaul (Bloomberg.com)

Bill Gross of Janus: ‘Bonds, like men, are in a bear market’ (Reuters.com)

Gold Prices (LBMA AM)

12 Jan: USD 1,332.90, GBP 978.75 & EUR 1,099.78 per ounce
11 Jan: USD 1,319.85, GBP 978.14 & EUR 1,104.45 per ounce
10 Jan: USD 1,321.65, GBP 976.96 & EUR 1,103.31 per ounce
08 Jan: USD 1,314.95, GBP 972.01 & EUR 1,102.19 per ounce
08 Jan: USD 1,318.80, GBP 974.33 & EUR 1,099.09 per ounce
05 Jan: USD 1,317.90, GBP 973.40 & EUR 1,094.25 per ounce

Silver Prices (LBMA)

12 Jan: USD 17.12, GBP 12.56 & EUR 14.12 per ounce
11 Jan: USD 17.01, GBP 12.64 & EUR 14.24 per ounce
10 Jan: USD 17.13, GBP 12.64 & EUR 14.27 per ounce
09 Jan: USD 17.05, GBP 12.60 & EUR 14.30 per ounce
08 Jan: USD 17.17, GBP 12.68 & EUR 14.33 per ounce
05 Jan: USD 17.15, GBP 12.66 & EUR 14.24 per ounce

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Mark O'Byrne is executive and research director of www.GoldCore.com which he founded in 2003. GoldCore have become one of the leading gold brokers in the world and have over 4,000 clients in over 40 countries and with over $200 million in assets under management and storage.We offer mass affluent, HNW, UHNW and institutional investors including family offices, gold, silver, platinum and palladium bullion in London, Zurich, Singapore, Hong Kong, Dubai and Perth. 

The Incas thought gold represented the glory of their sun god and referred to the precious metal as “Tears of the Sun.”