PRECIOUS METALS

Gold To New All-time-high When Fed QT Fails

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If you’re looking for an erudite yet concise explanation as to why markets are yet to show much concern regarding the current state of global affairs then may we suggest you tune into this week’s interview. Host Dave Russell interviews Don Durrett, founder of goldsilverdata.com, his explanation for why sentiment is the biggest driver of markets is worth a listen. 

“The reason gold hasn’t broken out is because of the lack of belief in systemic failure. The big money will move gold higher.” 

And stick around to hear his thoughts on Ukraine, US-hegemony, and China. 

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GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)

06-06-2022 1851.50 1847.20 1473.05 1471.48 1723.01 1723.99
01-06-2022 1829.70 1844.90 1453.51 1473.52 1706.56 1726.46
31-05-2022 1854.40 1838.70 1470.54 1461.95 1727.93 1718.82
30-05-2022 1857.25 1854.95 1469.27 1467.82 1725.39 1721.76
27-05-2022 1858.95 1851.80 1474.71 1465.14 1733.47 1724.21
26-05-2022 1845.15 1848.25 1468.19 1469.54 1726.51 1724.79
25-05-2022 1859.05 1847.20 1486.68 1474.44 1742.86 1731.75
24-05-2022 1858.60 1867.10 1487.07 1492.19 1734.63 1738.83
23-05-2022 1864.30 1856.20 1481.37 1476.05 1746.48 1741.49
20-05-2022 1846.30 1834.20 1479.99 1468.64 1744.01 1736.44

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Stephen Flood

Stephen Flood is the CEO of GoldCore. He is a former Wall Street equity trader and FinTech expert. He has been involved in the precious metals markets since 2004 and has appeared as an expert contributor on CNBC, CNN, BBC, RTE & Bloomberg TV and has had articles published in the Irish Times, Irish Independent and The Sunday Business Post.

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