* Deutsche bank’s new record low at €5.80 underscores German and European banking contagion risk* FTSE 100 opens slightly higher after trading delay of 90 minutes on trading trading services ‘issue’* GE falls the most in 11 years after Madoff whistleblower calls it a ‘bigger fraud than Enron’* Gold prices are marginally lower today but are currently set for another higher weekly close as safe-haven buying continues* The wider economic, monetary and geopolitical backdrop will support safe haven assets and investors without an allocation to the precious metal should cost average into physical gold
News and CommentaryGold heads for 3rd weekly gain on trade, growth concerns
Gold to Rise to $1,650 by 2Q 2020: UOB Private BankGerman banks are in a much worse position than the rest of Europe – CitiFTSE 100 opens after trading delay of 90 minutes on trading trading services ‘issue’GE falls the most in 11 years after Madoff whistleblower calls it a ‘bigger fraud than Enron’10-year Treasury yield falls to three-year low below 1.5%, 30-year rate declines to record lowMarket plunge sheds harsh light on big banks and their derivatives counterpartiesNomura: Yesterday Was A Complete Rout, Raising Odds Of September “Lehman Shock” “The End Of The World As We Know It” – China Going Nuclear Means There’s No Turning Back Now
Gold Prices via LBMA (AM/ PM Fix – USD, GBP & EUR) 14-Aug-19 1500.35 1513.25, 1241.69 1253.73 & 1341.61 1356.1713-Aug-19 1527.20 1498.40, 1265.90 1240.38 & 1363.48 1338.6712-Aug-19 1501.95 1504.70, 1244.82 1243.63 & 1343.64 1341.7409-Aug-19 1503.50 1497.70, 1242.19 1240.99 & 1342.02 1338.0508-Aug-19 1497.40 1495.75, 1230.26 1234.14 & 1335.08 1335.7007-Aug-19 1487.65 1506.05, 1225.82 1239.33 & 1330.11 1341.4406-Aug-19 1461.85 1465.25, 1199.59 1201.21 & 1304.85 1311.1105-Aug-19 1457.45 1465.25, 1199.92 1203.85 & 1307.92 1310.2302-Aug-19 1436.05 1441.75, 1184.17 1187.28 & 1294.02 1298.4401-Aug-19 1406.40 1406.80, 1161.12 1161.74 & 1273.35 1273.29
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