Thursday is usually the day when we send out some market news and give you our thoughts on what’s been going on.
But it’s four days before Christmas and we wondered if anyone was really that focused on markets right now.
So we thought, what could we write about? We could do a summary of gold in 2023 and explain how it defied market expectations. We could explain this further by pointing to central bank gold demand, growing global instability or the fact that it hit a new all-time high and that it is likely to finish 2023 on a year-end high…but you know all that.
We could, instead, look forward to 2024 and speculate what is to come. Will central banks finally win the fight against inflation? Will peace come to all men? Will we start mining gold on asteroids? We think the answer is a hard no, to all three. But the truth is, no one knows what will happen in the future.
Chris Vermeulen on Gold: This Is A Super Cycle At Play
So we could then talk about how it’s not necessary to look to the immediate future or the immediate past and instead look at gold’s long term value – something which has been relatively consistent. That would link us nicely to how it is intrinsically connected to the Christmas story. One of the three gifts brought to Jesus by the biblical magi was, of course, gold. Along with frankincense and myrrh, gold was gifted to the newborn child as it was seen to be a gift ‘fit for a king’. The gold that was gifted on that day over 2,000 years ago would still hold value, unlike fiat currencies circulating just 20 years.
But, all that can wait. So instead we will just sign off and wish you a Merry Christmas and a very happy, prosperous New Year.
From,
Everyone at GoldCore.
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GOLD PRICES ( AM/ PM LBMA FIX– USD, GBP & EUR )
| USD $ AM | USD $ PM | GBP £ AM | GBP £ PM | EUR € AM | EUR € PM | |
|---|---|---|---|---|---|---|
| 20-12-2023 | 2036.35 | 2035.55 | 1608.92 | 1606.66 | 1859.59 | 1856.22 |
| 19-12-2023 | 2026.00 | 2041.35 | 1594.66 | 1602.87 | 1851.16 | 1859.87 |
| 18-12-2023 | 2020.95 | 2023.95 | 1594.93 | 1597.91 | 1851.80 | 1851.71 |
| 15-12-2023 | 2043.65 | 2032.30 | 1597.93 | 1598.81 | 1863.81 | 1861.79 |
| 14-12-2023 | 2034.10 | 2046.10 | 1606.94 | 1604.96 | 1864.86 | 1860.72 |
| 13-12-2023 | 1981.55 | 1982.50 | 1583.26 | 1583.62 | 1838.48 | 1837.18 |
| 12-12-2023 | 1986.90 | 1980.85 | 1580.18 | 1580.92 | 1839.27 | 1838.82 |
| 11-12-2023 | 1991.95 | 1986.65 | 1585.19 | 1580.78 | 1848.93 | 1847.39 |
| 08-12-2023 | 2030.00 | 2008.10 | 1614.05 | 1602.66 | 1882.01 | 1867.73 |
| 07-12-2023 | 2033.30 | 2026.90 | 1617.08 | 1614.43 | 1887.92 | 1881.37 |
| 06-12-2023 | 2021.40 | 2026.40 | 1603.98 | 1609.57 | 1873.84 | 1877.66 |
| 05-12-2023 | 2023.45 | 2023.35 | 1601.56 | 1600.27 | 1867.04 | 1867.75 |
| 04-12-2023 | 2066.95 | 2049.05 | 1632.68 | 1622.03 | 1902.83 | 1890.45 |
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