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Gold spot back over $3400

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Re: Gold spot back over $3300

Postby tdtwedt » Fri May 23, 2025 7:25 am

Gold up to $3347 on tariff news...

:geek:
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Re: Gold spot back over $3300

Postby tdtwedt » Mon Jun 02, 2025 6:27 am

Gold dipped and now back to $3345.

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Re: Gold spot back over $3300

Postby 68Camaro » Mon Jun 02, 2025 5:04 pm

Let's make it $3380 now... And silver approaching $35, finally. However, it's on bad news - the USD is caving in. It's down to, let's see... below 98.8. Had been up to 110 not long ago. Not sure I want to cheer this on, but at least I feel protected.
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Re: Gold spot back over $3300

Postby Cu Penny Hoarder » Tue Jun 03, 2025 7:08 am

68Camaro wrote:Let's make it $3380 now... And silver approaching $35, finally. However, it's on bad news - the USD is caving in. It's down to, let's see... below 98.8. Had been up to 110 not long ago. Not sure I want to cheer this on, but at least I feel protected.


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Re: Gold spot back over $3300

Postby 68Camaro » Thu Jun 05, 2025 7:30 am

Spot crossed $3400 (bid, not offer) and fell back. Futures still in the 3400s.
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
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Re: Gold spot back over $3300

Postby tdtwedt » Wed Jun 11, 2025 11:27 am

Gold passes euro as second-largest reserve asset, central bank demand likely to impact future supply, prices – ECB

Gold has now surpassed the euro to become the number two reserve asset held by central banks, and sustained sovereign buying will likely impact the growth of the global gold supply going forward, according to new data published by the European Central Bank (ECB) on Wednesday.


https://www.kitco.com/news/article/2025 ... and-likely
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Re: Gold spot back over $3300

Postby tdtwedt » Wed Jun 11, 2025 5:55 pm

Image
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Re: Gold spot back over $3300

Postby 68Camaro » Wed Jun 11, 2025 8:11 pm

That's a futures price, but it definitely went up 30ish bucks this afternoon. Was it that news above?
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
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Re: Gold spot back over $3400

Postby 68Camaro » Thu Jun 12, 2025 8:48 pm

And, after Israel attacks Iran, we're back over $3400
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
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Re: Gold spot back over $3400

Postby thecrazyone » Fri Jun 13, 2025 10:29 am

Ugh
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