All-time highs for #gold – a thread
Gold hit a new all-time high this morning, posting $1944.71/oz during late Asian trading and is currently near that level.
There has been a LOT of coverage of the all-time-high on social media – who knew there were so many #gold experts??? https://t.co/OfjfFhoa7R
Gold at $1800/oz: a short thread.
Gold is trading just above $1800/oz after hitting a fresh 8-year high this week. Not much appears to stand in the way of #gold challenging the all-time high of $1921/oz set in September 2011. https://t.co/aoJYd8gmhR
What a ride it has been for GCM0, the June-expiry Comex #gold contract.
One month ago it was trading at a $15/oz premium to the spot gold price.
Now it's trading at a $10/oz discount.
(short thread) https://t.co/X4Xy8kwOtO
One sided, in more ways than one.
It’s been a frustrating to be away from the office at a conference even one as good as the @ThePLSA.
Now that I’m back at my desk and in front of my spreadsheets I’d like to share some thoughts about #gold https://t.co/BJ5AhYQUFM
“So why didn’t gold go up yesterday with all the market turmoil?”
That’s a question I’ve been asked quite a lot over the past day and a three-day chart of #gold shows why its being asked. https://t.co/eU0ig1V8SY
Gold: Trading at $1676/oz at the time of writing in what has been a very choppy start to the week.
$1700/oz traded in Asia early on Monday as global equity markets opened (and have stayed) sharply lower.
But #gold couldn't hold these gains. https://t.co/MJL3X6Vd0V
#Gold ETFs have seen net redemptions so far this month, totalling about 43t so far this month with European outflows seeing more selling than North American list funds. This contrasts with what we’ve seen over the past few months. https://t.co/LcUzpeQxUM
#gold under some moderate pressure on Thursday during European morning trading, last around $1537/oz https://t.co/EIPvskPyEh
#Gold is just above $1530/oz in Tuesday morning trading, slightly higher than the US close on Monday and today’s Asian range.
With London out for a (sunny) bank holiday, I missed the extraordinary Asian range on Monday. https://t.co/XxAOPRdGEN
$Gold: consolidating above $1500/oz at the start of the week - last around $1502.80 following some volatility in early European trading. https://t.co/LdcEYztgbv
Gold: Steady at the start of the week and trading around $1427/oz. #Gold had a volatile week but posted some decent gains despite trading down to $1400/oz on Wednesday 17th July. https://t.co/RaQNhTJyaD
#Gold: currently trading around $1393/oz in European morning trading, failing to hold the $1400/oz level yesterday following renewed US dollar strength and a slight recovery in real yields. https://t.co/rIrc8tDXz6
Gold: Trading at about $1407/oz after failing to hold onto the highs just shy of $1440/oz seen on Tuesday. The slightly firmer US dollar and modestly higher real US yields contributing to lower #gold prices in Europe on Wednesday. https://t.co/ebyOYBgRPd
Gold: Yesterday, India’s Ministry of Commerce released May trade data. India’s gold imports in May 2019 was 115.8 tonnes compared with 82.8 tonnes in May 2018.
This is this is the largest one-month import since August 2015. https://t.co/gPXIYpkrQ4
Gold: At $1326.50 in early European trading on Monday, #gold is some $20+ off Friday's intraday high. https://t.co/2DBPBVAbYq
After spending the preceding month around $1285/oz, #gold has moved quickly higher since 31 May, currently trading around $1322/oz after approaching $1330/oz earlier today. https://t.co/yWuhsY9vvg
#Gold: There is an interesting story on Bloomberg suggesting that China could dump Treasuries, not as part of the #TradeWar but to defend its currency.
https://t.co/9m2TExHRK2?
Gold: Our team in India, led by @SomPR_WGC , have reported tremendous interest in #gold over the past few days.
https://t.co/LyUcWQEz4e via @economictimes
Short thread
Gold: I promised to send some better-quality highlights from our #GoldDemandTrends breakfast yesterday:
Firstly, this chart from Charles Cooper of @MetalsFocus. Artisanal Mining contributed 540t of #gold mined in 2018, 15% of global new mine supply. #goldhub + #blog https://t.co/LmMPv9Nuj2