Published in Market Update  Precious Metals Update 


Happy Christmas from GoldCore

GoldCore has decided to send a Christmas e-card this year and made charitable donations to Saint Vincent de Paul and Self Help Africa.  


Published in Market Update  Precious Metals Update 


2012 Outlook for Gold – Positive Fundamentals Remain and Crucial Diversification

• Introduction – Gold in 2011 • Money Creating Central Banks May Push Gold to New Nominal Record in 2012  • Central Banks Will Continue To Be Net Buyers of Gold • China Foreign Exchange Diversification Should Support Demand • PIIGS Lesson: Iceland Shows How Gold Protects From FX Crises


Published in Market Update  Precious Metals Update 


Robust Demand for Bullion in Europe, Middle East and China Again - Very Little Selling

Gold is trading at USD 1,604.2, EUR 1,227.90, GBP 1,026.40, CHF 1,495.0, JPY 124,984 and AUD 1,606.40 per ounce.

Gold’s London AM fix this morning was USD 1,593.00, GBP 1,028.34, and EUR 1,222.94 per ounce.

Yesterday's AM fix was USD 1,605.00, GBP 1,027.003 and EUR 1,227.91 per ounce.

Cross Currency Table


Published in Market Updates  Precious Metals Update 


2012 Gold Averages: Goldman $1,810/oz, Barclays $2,000/oz and UBS $2,050/oz

Gold is trading at USD 1,592, EUR 1,223.30, GBP 1,028.00, CHF 1,491, JPY 124,067 and AUD 1,600.50 per ounce.

Gold’s London AM fix this morning was USD 1,593.00, GBP 1,028.34, and EUR 1,222.94 per ounce.

Friday's AM fix was USD 1,589.50, GBP 1,022.84 and EUR 1,218.94 per ounce.

Cross Currency Rates


Published in Market Update  Precious Metals Update 


Gold Oversold and “Buying Opportunity” as “Protection Against Currency Debasement”

Gold is trading at USD 1,599.20, EUR 1,222.20, GBP 1,028.30, CHF 1,498.40, JPY 124,340 and AUD 1,595.0 per ounce.

Gold’s London AM fix this morning was 1,589.50, GBP 1,022.84, and EUR 1,218.94 per ounce.

Yesterday's AM fix was USD 1,590.00, GBP 1,026.54 and EUR 1,223.64 per ounce.


Published in Market Updates  Precious Metals Update 


Gold Falls due to Re-Hypothecation, Counter Party, Liquidity and Contagion Risk

Gold is trading at USD 1,591.10, EUR 1,224.20, GBP 1,026.30, CHF 1,501.40, JPY 123,940 and AUD 1,602.0 per ounce.

Gold’s London AM fix this morning was 1,590.00, GBP 1,026.535 and EUR 1,223.64  per ounce.

Yesterday's AM fix was USD 1,635.00, GBP 1,055.32 and EUR 1,255.18 per ounce.


Published in Market Update  Precious Metals Update 


Roubini Asks of ‘Goldbugs’ on Twitter “Where is 2,000?” - Ignores Academic Research

Gold is trading at USD 1,614.10, EUR 1,242.20, GBP 1,045.30, CHF 1,533.40, JPY 126,100 and AUD 1,623.0 per ounce.

Gold’s London AM fix this morning was USD 1,635.00, GBP 1,055.32, and EUR 1,255.18 per ounce.

Yesterday's AM fix was USD 1,665.00, GBP 1,068.75, and EUR 1,262.22 per ounce.


Published in Market Updates  Precious Metals Update 


Gold Support at 200 DMA at $1618/oz, Massive Chinese Demand and Gartman Flip Flops

Gold is trading at USD 1,665.10, EUR 1,261.20, GBP 1,067.30, CHF 1,557.40, JPY 129,550 and AUD 1,643.0 per ounce.

Gold’s London AM fix this morning was USD 1,665.00, GBP 1,068.75, and EUR 1,262.22 per ounce.

Yesterday's AM fix was USD 1,680.00, GBP 1,077.06, and EUR 1,266.49 per ounce.


Published in Market Updates  Precious Metals Update 


ETF and Central Bank Gold Lent to Banks Being Relent Into Market?

Gold is trading at USD 1,680.90, EUR 1,267.70, GBP 1,075.30, CHF 1,564.40, JPY 130,750 and AUD 1,659.0 per ounce.

Gold’s London AM fix this morning was USD 1,680.00, GBP 1,077.06, and EUR 1,266.49 per ounce.

Friday's AM fix was USD 1,712.00, GBP 1,094.49, and EUR 1,281.34 per ounce.


Published in Market Updates  Precious Metals Update 


Euro Fudge Distracts From Global Debt Titanic; Intervention in Gold Market?

Gold is trading at USD 1,719.00, EUR 1,283.70, GBP 1,095.30, CHF 1,582.40, JPY 135,510 and AUD 1,689.0 per ounce.

Gold’s London AM fix this morning was USD 1,712.00, GBP 1,094.49, and EUR 1,281.34 per ounce.

Yesterday's AM fix was USD 1,739.00, GBP 1,105.81, and EUR 1,297.28 per ounce.

Cross Currency Table


Published in Market Updates  Precious Metals Update 


Real Interest Rates Negative (Base ECB 1.0%, BOE 0.5%) - Central Banks Prepare For Life After Euro

Gold is trading at USD 1,719.40, EUR 1,302.70, GBP 1,109.30, CHF 1,608.40, JPY 135,050 and AUD 1,689.4 per ounce.

Gold’s London AM fix this morning was USD 1,739.00, GBP 1,105.81, and EUR 1,297.28 per ounce.

Yesterday's AM fix was USD 1,731.00, GBP 1,108.20, and EUR 1,289.96 per ounce.


Published in Market Updates  Precious Metals Update 


New Independent Research: Gold Is Crucial Diversification - Hedge Against Monetary and Systemic Risk

Gold is trading at USD 1,724.70, EUR 1,289.70, GBP 1,099.30, CHF 1,105.5, JPY 134,050 and AUD 1,679.4 per ounce.

Gold’s London AM fix this morning was USD 1731.00, GBP 1108.20, and EUR 1,289.96 per ounce.


Published in Market Updates  Precious Metals Update 


‘Gold For Bonds’ in Japan as Bond Buyers Get Gold Coins - May Enhance Returns 5.9 Times

Gold is trading at USD 1,718.90, EUR 1,282.70, GBP 1,099.30, CHF 1,587.50, JPY 133,650 and AUD 1,679.40 per ounce.

Gold’s London AM fix this morning was USD 1,720.00, GBP 1,098.76, and EUR 1,284.54 per ounce.

Yesterday's AM fix was USD 1,744, GBP 1,114.88, and EUR 1,296.08 per ounce.

Cross Currency Rates


Published in Market Updates  Precious Metals Update 


2012 Top Trades of BOA - Buy Gold Versus Euro; Iran Warns of Oil at $250

Gold is trading at USD 1,740.10, EUR 1,295.90, GBP 1,114.30, CHF 1,604.5, JPY 135,900 and AUD 1,700.4 per ounce.

Gold’s London AM fix this morning was USD 1,744, GBP 1,114.88, and EUR 1,296.08 per ounce.

Friday's AM fix was USD 1,751.00, GBP 1,116.50, and EUR 1,298.29 per ounce.

Cross Currency Rates


Published in Market Updates  Precious Metals Update 


Bank of Korea Increases Gold Reserves by Massive Nearly $1 Billion or 39% in November Alone

Gold is trading at USD 1,752.90, EUR 1,298.30, GBP 1,116.10, CHF 1,604, JPY 136,700 and AUD 1,706.4 per ounce.

Gold’s London AM fix this morning was USD 1,751.00, GBP 1,116.50, and EUR 1,298.29 per ounce.

Yesterday's AM fix was USD 1,750.00, GBP 1,113.02, and EUR 1,298.03 per ounce.

Cross Currency Rates


Published in Market Updates  Precious Metals Update 


Gold Rises 1.8% As Central Banks Further Debase Currencies – Gold Safe Haven in November

Gold is trading at USD 1,746.90, EUR 1,295.30, GBP 1,111.10, CHF 1,589, JPY 135,700 and AUD 1,706.4 per ounce.

Gold’s London AM fix this morning was USD 1,750.00, GBP 1,113.02, and EUR 1,298.03 per ounce.

Yesterday's AM fix was USD 1,704.00, GBP 1,095.61, and EUR 1,282.46 per ounce.

Cross Currency Rates