Gold Hedges Stock Market Falls In 2018 Gaining 2.7% In Euros and 3.8% In Pounds

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Published : January 03rd, 2019
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Category : Market Analysis

– Gold acts as hedge in 2018 – up 2.7% and 3.8% in euros and pounds (see tables & charts)
– Stocks fall sharply – S&P500, FTSE & Euro Stoxx 5o fall 6.25%, 12.5% & 15% respectively
– Worst year for most international equity indices since 2008
– Sharp falls in economically sensitive commodities: oil (WTI), gasoline and lumber down 24.2%, 27% & 23.8% respectively
– Volatility surges as seen in VIX rising over 110%
– Volatility continues in 2019 as stocks globally fall with Apple falling 8% overnight
– Gold and silver likely to outperform risk assets again in 2019 (see


Asset performance in 2018 (Finviz.com)


Gold performance in major currencies 2003 to 2018 (Goldprice.org)


Gold in USD In 2018 (GoldCore)


Gold in EUR In 2018 (GoldCore)


Gold in GBP In 2018 (GoldCore)


Silver performance in major currencies 2003 to 2018 (Goldprice.org)

News and Commentary


Source: Bloomberg

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Gold Prices (LBMA PM)

02 Jan: USD 1,287.20, GBP 1,014.44 & EUR 1,125.27 per ounce
31 Dec: USD 1,281.65, GBP 1,005.45 & EUR 1,120.03 per ounce
28 Dec: USD 1,277.25, GBP 1,009.16 & EUR 1,114.91 per ounce
27 Dec: USD 1,271.10, GBP 1,006.20 & EUR 1,115.26 per ounce
24 Dec: USD 1,261.25, GBP 996.26 & EUR 1,105.23 per ounce
21 Dec: USD 1,257.60, GBP 993.76 & EUR 1,101.53 per ounce

Silver Prices (LBMA)

02 Jan: USD 15.44, GBP 12.19 & EUR 13.51 per ounce
31 Dec: USD 15.47, GBP 12.11 & EUR 13.51 per ounce
28 Dec: USD 15.30, GBP 12.05 & EUR 13.34 per ounce
27 Dec: USD 15.06, GBP 11.92 & EUR 13.22 per ounce
24 Dec: USD 14.68, GBP 11.60 & EUR 12.88 per ounce
21 Dec: USD 14.69, GBP 11.59 & EUR 12.86 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.
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