Bill Holter’s Commentary
It won’t be long before this will be true in all currencies…
Gold Surges To New All Time Record Highs In Euros At EUR 1,456 Per Ounce
February 14, 2020
Gold prices surged to new all time record highs in euros today at €1,456 per ounce as the single currency came under selling pressure.
The record highs are due to safe haven demand due to a weaker euro as the German and eurozone economies slow and on concerns about the impact of a slowing global economy on risk assets.
Gold prices are up over 7% in euro terms so far in 2020, building on the 22.7% gains in euros seen in 2019 (see table below).