LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

COT Gold, Silver and US Dollar Index Report - May, 24, 2019
By: GoldSeek.com

BIS reduces its gold swaps by two-thirds over last two months
By: Robert Lambourne

Gold Mid-Tiers’ Q1’19 Fundamentals
By: Adam Hamilton, Zeal Research

China Threatens to Stop Exports of Vital “Rare Earth” Metals to U.S
By: Mike Gleason

Every Bounce In Tesla Stock Can Be Shorted
By: Dave Kranzler

Another Gold Buyout Takes Center Stage
By: Marin Katusa

GoldSeek Radio Nugget: Laurence J. Kotlikoff
By: Chris Waltzek Ph.D., GoldSeek Radio

Does Ray Dalio really not know better than to invest in GLD?
By: Chris Powell, GATA

Precious Metals Update Video: Run for the safe havens!
By: Ira Epstein

Why Microsoft Shares Have Become a Safe Haven
By: Rick Ackerman, Rick's Picks

 
Search

GoldSeek Web

 
Gold Up 2.5 Percent As Global Stock Rout Spreads To Europe


 -- Published: Thursday, 11 October 2018 | Print  | Disqus 

– Gold gains 2.5% as stock markets fall globally
– EuroStoxx -2%, FTSE -1.9%, Nikkei -4%, Shanghai -5.3%
– Gold, silver outperform all assets in stock market rout
– Trump accuses Fed of going “crazy” by continuing to raise rates
– Huge spike in VIX and volatility on deepening concerns of market correction or crash

1 Day Relative Performance (Finviz)

Gold has gained 2.5% today on safe-haven demand as sharp declines on Wall Street spread throughout Asia and Europe.

Stocks in Europe have slumped to a more than 18-month low after sharp losses on Wall Street, centered on tech stocks and the Nasdaq.

The worst losses in eight months triggered a significant sell-off in stocks in Asia. China’s main stock indexes slumped over 5 percent and MSCI’s broadest index of Asian shares not including Japan ended down 3.6 percent, having struck its lowest level since March 2017.

It meant MSCI’s 24-country emerging market index had its worst day since early 2016, after Wall Street’s swoon had given the 47-country world index equivalent its worst day since February.

The losses were not helped by President Donald Trump accusing the  Federal Reserve of going “crazy and “loco” as trade wars appear to be intensifying.

The VIX or Cboe Volatility Index has more than doubled in the last week. The huge spike in volatility comes as there are deepening concerns of a major market correction – particularly in the U.S.

Gold and silver, the traditional havens in times of volatility, are again displaying their lack of correlation and frequent inverse correlation (over the long term) with risk assets. The precious metals’ hedging benefits to investors portfolios are being seen as they again benefit from a safe haven bid exactly when investors need it. 

News and Commentary

Stock Rout Spreads as Bonds, Currencies Stay Calm for Now (Bloomberg.com)

Gold prices edge higher as global stocks sag, U.S. dollar slips (Reuters.com)

India’s Sept gold imports drop 14 pct on weak rupee-GFMS (Reuters.com)

Dow plunges more than 800 points in worst drop since February (CNBC.com)

U.S. bond yields near seven-year high stymie world stocks’ recovery (Reuters.com)


Source: Bloomberg

Trump says the Federal Reserve has ‘gone crazy’ by continuing to raise interest rates (CNBC.com)

Major Event Looms As Italy’s Lega Popularity Rises With Each EU Confrontation (ZeroHedge.com)

We Are In Uncharted Junk Terrain: Corporate Credit Quality Is Far Weaker Than In 2000 And 2007 (ZeroHedge.com)

US-Russia tensions threaten nuclear arms race and tensions (FT.com)

Crypto theft hits nearly $1 billion in first nine months, report says (Reuters.com)

Gold Prices (LBMA AM)

10 Oct: USD 1,186.40, GBP 902.02 & EUR 1,033.00 per ounce
09 Oct: USD 1,187.40, GBP 910.26 & EUR 1,036.01 per ounce
08 Oct: USD 1,194.80, GBP 914.86 & EUR 1,040.67 per ounce
05 Oct: USD 1,201.10, GBP 921.48 & EUR 1,045.08 per ounce
04 Oct: USD 1,199.45, GBP 925.02 & EUR 1,043.28 per ounce
03 Oct: USD 1,203.50, GBP 925.73 & EUR 1,040.55 per ounce

Silver Prices (LBMA)

10 Oct: USD 14.38, GBP 10.92 & EUR 12.50 per ounce
09 Oct: USD 14.33, GBP 10.98 & EUR 12.51 per ounce
08 Oct: USD 14.47, GBP 11.10 & EUR 12.61 per ounce
05 Oct: USD 14.64, GBP 11.23 & EUR 12.73 per ounce
04 Oct: USD 14.63, GBP 11.27 & EUR 12.72 per ounce
03 Oct: USD 14.74, GBP 11.36 & EUR 12.75 per ounce

https://news.goldcore.com/

 


| Digg This Article
 -- Published: Thursday, 11 October 2018 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2019



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.