Gold Monitoring Thread £ GBP only

[MrStacker]

Just now, SidS said:

Us freebies can't access this.

 

Just now, Bratnia said:

Upgrade to silver membership. It is definitely worth it. Become a bigger part of the forum community. 😇

[TheAnimist]

Trial memberships are available now as well! No better time to join the gang 😃

 

[stefffana]

4 minutes ago, Bratnia said:

😂😂😂

[James32]

9 minutes ago, SidS said:

Us freebies can't access this.

Didn't realise you were a freeloader. Never speak to me again.

#standards

[StackToCollect]

If anyone wants to know where the price is going, go and have a look at StoneX Bullion spot prices: https://stonexbullion.com/en/?gad_source=1&gclid=CjwKCAjw_e2wBhAEEiwAyFFFo5oSzBm4Kmspi4dqcrtM1pYm2zEvPPWlzOrOtC0jlovmYkmUuMnPRxoCMBEQAvD_BwE&gclsrc=aw.ds

 

Don't even get me started on their silver spot price!

[Bibbs]

On 12/04/2024 at 20:29, ZRPMs said:

just sorted supper out 

Nice, I use pitta breads cut in half. 

[Chronos]

7 minutes ago, Bibbs said:

Nice, I use pitta breads cut in half. 

The world renowned British cuisine, I see.

[Roy]

@treetop1280 tips for supper?

😁

[Chronos]

'Cuts This Year Are Optional Not Necessary' - Goldman Warns Long-End Rates More Likely Going Higher:

https://archive.is/nCLSn

[Chronos]

1 minute ago, Roy said:

@treetop1280 tips for supper?

😁

Haggis.

[Go65]

From IG 

Gold-Backed PAXG Token Spikes to $2.9K Amid Geopolitical Tensions

14 Apr 2024 19:05

• PAXG spiked as high as $2,923 on Saturday, trading at premium of over 20% to gold's per ounce price of $2,342.90 on Friday.
• Bitcoin traded at a perfect negative correlation to PAXG in a sign of weak demand as a geopolitical hedge.
  Prices for PAX Gold {{PAXG}}, a gold-backed digital asset created by Paxos, surged over the weekend as escalating geopolitical tensions in the Middle East catalyzed demand for haven assets.

PAXG rose as high as $2,923 on Saturday, trading at a premium of over 20% to the yellow metal's per-ounce price of $2,342.90 at Friday's New York close,
CoinDesk data show. As of writing, PAXG still drew a notable premium, trading at $2,471. 

Meanwhile, bitcoin and other major cryptocurrencies traded under pressure as
Iran fired explosives at Israel in retaliation for a suspected Israeli attack on its consulate in Syria on April 1. On Sunday, Iran warned (https://www.reuters.com/) Israel and the United States of a much larger response after Tel Aviv said it would respond to Iran's retaliatory aggression. 

With a market capitalization of over $446 million, PAXG is the world's second-largest tokenized gold coin. Leading the pack is tether gold (XAUT) with a market capitalization of $581.9 million. PAXG's weekend surge did not spill over into XAUT and other gold tokens. CoinDesk reached out to Paxos for comment and awaited a response at press time. 

Gold has surged over 8% in four weeks, while bitcoin has declined by 10%. On

[Chronos]

An immediate response with strikes within Iran was approved by a clear majority of the Israeli war cabinet but was called off at the last minute following Biden/Netanyahu phone call. The war cabinet still supports the planned response - but not necessarily immediately:

 

[DisplayName]

Imagine the old man making a call to the right people and declaring gold to be £5000/oz from now on. 

[Dalriada83]

1 minute ago, DisplayName said:

Imagine the old man making a call to the right people and declaring gold to be £5000/oz from now on. 

Imagine Her Britannic Majesty, Victoria, Queen by the Grace of God of the British Empire, her Dominions and Dependencies, Empress of India still graced the throne - and there was money to be made for adventurous traders across at least a quarter of the globe with gold and silver scattered about all over the place - hell, if your going to Imagine, Imagine Big!  

[Dalriada83]

1 hour ago, StackToCollect said:

If anyone wants to know where the price is going, go and have a look at StoneX Bullion spot prices: https://stonexbullion.com/en/?gad_source=1&gclid=CjwKCAjw_e2wBhAEEiwAyFFFo5oSzBm4Kmspi4dqcrtM1pYm2zEvPPWlzOrOtC0jlovmYkmUuMnPRxoCMBEQAvD_BwE&gclsrc=aw.ds

 

Don't even get me started on their silver spot price!

Where are they getting these numbers from?

[Gruff]

3 minutes ago, Dalriada83 said:

Where are they getting these numbers from?

Down the back of the CEOs sofa

[Dalriada83]

5 minutes ago, Gruff said:

Down the back of the CEOs sofa

Can I have a pint of what he's on please?

[Gruff]

2 minutes ago, Dalriada83 said:

Can I have a pint of what he's on please?

Certainly, 1sov per pint, no refunds

[StackToCollect]

13 minutes ago, Dalriada83 said:

Where are they getting these numbers from?

Wish I knew. Maybe a prediction of things to come? Guessing they can't hedge over the weekend so are trying to cover themselves this way. 

[Go65]

23 minutes ago, Dalriada83 said:

Imagine Her Britannic Majesty, Victoria, Queen by the Grace of God of the British Empire, her Dominions and Dependencies, Empress of India still graced the throne - and there was money to be made for adventurous traders across at least a quarter of the globe with gold and silver scattered about all over the place - hell, if your going to Imagine, Imagine Big!  

By the sounds of it you can’t be Albert cos he is😀

[dicker]

All of the usual nations who use the premise of worshipping different sky fairies as a reason for war are ready for a big one.  

I don’t relish it but gold is likely to be a beneficiary 

[BLOOMMAN101]

57 minutes ago, Go65 said:

 

From IG 

Gold-Backed PAXG Token Spikes to $2.9K Amid Geopolitical Tensions

14 Apr 2024 19:05

• PAXG spiked as high as $2,923 on Saturday, trading at premium of over 20% to gold's per ounce price of $2,342.90 on Friday.
• Bitcoin traded at a perfect negative correlation to PAXG in a sign of weak demand as a geopolitical hedge.
  Prices for PAX Gold {{PAXG}}, a gold-backed digital asset created by Paxos, surged over the weekend as escalating geopolitical tensions in the Middle East catalyzed demand for haven assets.

PAXG rose as high as $2,923 on Saturday, trading at a premium of over 20% to the yellow metal's per-ounce price of $2,342.90 at Friday's New York close,
CoinDesk data show. As of writing, PAXG still drew a notable premium, trading at $2,471. 

Meanwhile, bitcoin and other major cryptocurrencies traded under pressure as
Iran fired explosives at Israel in retaliation for a suspected Israeli attack on its consulate in Syria on April 1. On Sunday, Iran warned (https://www.reuters.com/) Israel and the United States of a much larger response after Tel Aviv said it would respond to Iran's retaliatory aggression. 

With a market capitalization of over $446 million, PAXG is the world's second-largest tokenized gold coin. Leading the pack is tether gold (XAUT) with a market capitalization of $581.9 million. PAXG's weekend surge did not spill over into XAUT and other gold tokens. CoinDesk reached out to Paxos for comment and awaited a response at press time. 

Gold has surged over 8% in four weeks, while bitcoin has declined by 10%. On

https://coinmarketcap.com/currencies/pax-gold/

https://coinmarketcap.com/currencies/tether-gold/

[Thelonerangershorse]

Surely Iran's attack was already factored into the price of gold, I mean, we all knew it was coming.

[Gruff]

Just now, Thelonerangershorse said:

Surely Iran's attack was already factored into the price of gold, I mean, we all knew it was coming.

We'll see in a couple hours at market open. I suspect it was, but you never know.

[Zhorro]

5 minutes ago, Thelonerangershorse said:

Surely Iran's attack was already factored into the price of gold, I mean, we all knew it was coming.

But we don't know what Israel's response will be...