The Phaserl


FCA ‘observing’ Gold Fix

by Jan Skoyles,

The gold price appears to be creeping up somewhat, first overnight and into today. Despite Stacy Herbert’s claims that this was due to mine and Max’s conversation about gold (watch it here) it is far more realistic (!) that it is down to safe-haven buying as tensions escalate once again.

The climb back towards $1,300/oz may come as a relief to those in gold investment as the price of gold touched $1,268/oz yesterday, a two-and-a-half month low.

London Gold Fix: The London Gold Fix has very much been ‘the’ story in the gold market this year. Even when I attended a breakfast with Jim Rickards, all the top City financiers there were asking what it meant.

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