Gold Hits 10 Week High At $1,328/oz as Trade Wars Spur Safe Haven Demand

IMG Auteur
Published : June 04th, 2019
411 words - Reading time : 1 - 1 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
Our Newsletter...
Category : Market Analysis

Gold has consolidated on yesterday’s gains and is marginally higher as risk aversion creeps back into markets. Gold rose 1.5% yesterday to its highest level in more than three months.

Gold in USD – 1 week (

Concerns that trade wars look set to escalate globally and fears that President Trump’s threat of tariffs on Mexico will hurt the global economy are spurring safe haven demand.

Gold had a fourth straight session gain yesterday, settling at their highest in more than three months, as investors fled to the safety of havens like precious metals and bonds amid persistent tariff tensions between the U.S. and its global trade partners.

“Gold is looking good here—responding to the rise in economic wars via tariffs to the global economic slowdown,” said Peter Spina, president and chief executive officer of

“Bonds are surging and gold should too … There are good reasons to believe the breakout in gold is developing as we speak and by the end of this year we will see it explode towards $1,400-$1,500,” he told MarketWatch.

Global Risks Increasing – Underlining The Case For Gold – Watch Video Here  

News and Commentary

Gold Extends Win Streak to Fourth Day, Ending at More Than 3-month High

Gold Hits 10 Week ‘Peak’ as Trade Fears Spur Safe-haven Interest

Dollar Dips on Increased Expectations of a 2019 Fed Rate Cut

U.S. Manufacturing Activity Grows at Slowest in Two-and-a-half Years: ISM

‘Flight to Quality’ and Gains for Safe Haven Gold – GoldCore

Internet Shutdowns Don’t Make Anyone Safer

Feds Target Four of the Biggest Tech Companies in U.S., and Their Stocks Are Getting Slammed

Goldman Sachs Is Predicting an Escalation of Global Trade Wars

Morgan Stanley Tells Investors to Play Defense as Cycle Indicator Flashes ‘downturn’

This Cycle’s Most Dangerous Bubble, In Three Charts

They Ditched America to Retire by a Lake in Chile on About $3,000 a Month — and Rarely Come Back

LBMA Gold Prices (USD, GBP & EUR – AM/ PM Fix)
03-Jun-19 1313.95 1317.10, 1039.47 1042.35 & 1175.99 1175.38
30-May-19 1276.45 1280.95, 1010.44 1015.920 & 1146.25 1151.70
29-May-19 1283.50 1281.65, 1016.02 1013.27 & 1151.04 1150.67
28-May-19 1283.90 1278.30, 1012.87 1008.20 & 1146.91 1142.29
27-May-19 Closed for UK Holiday
24-May-19 1281.50 1282.50, 1011.36 1011.89 & 1145.92 1145.40
23-May-19 1275.95 1283.65, 1009.79 1015.37 & 1146.19 1152.46
22-May-19 1274.00 1273.80, 1005.44 1008.09 & 1141.12 1141.20

Swiss Gold Investment – Own Gold Coins (CGT Free in UK) Stored In Zurich With Six Months Free Storage

<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Mark O'Byrne is executive and research director of 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.
WebsiteSubscribe to his services
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
World PM Newsflow