Gold And Silver Prices Resilient Over $1500 And $17 Despite Sharp Selling On COMEX Yesterday

August 14, 2019

* Gold is 0.8% higher to $15,14/oz and silver is 1.24% higher to $17.20/oz

* Gold has consolidated just over the $1,500 level finding support after mor poor economic data from China and Germany raised fears of a global recession

* CME raised gold margins from $4k to $4.5k or 12.5% yesterday

Silver in USD – 3 Days

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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. 

A single ounce of gold (about 28 grams) can be stretched into a gold thread 5 miles (8 kilometers) long.