Video Gold Should Probably Be $5000 CME Chairman Duffy

Fed has caused frustration and confusion in market place

If you adjust for inflation, you should have gold somewhere around 2 to 3,000 per ounce

If you look at what is going on the world, gold should probably be $5,000 to $6,000 per ounce

Lot of us are so jaded about what is going on in the world, it is like yesterday’s newspaper in five minutes

One day you will not be able to dismiss them and you will see a huge move in the precious metals

Gold coins are probably of more value than anything else CME President Duffy onBloomberg in 2013

Watch CME Chairman Duffy on markets and gold on Fox Business

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Gold Prices (LBMA AM)

13 Jul: USD 1,221.40, GBP 944.51 & EUR 1,071.05 per ounce

12 Jul: USD 1,219.40, GBP 947.60 & EUR 1,064.29 per ounce

11 Jul: USD 1,211.90, GBP 938.98 & EUR 1,063.68 per ounce

10 Jul: USD 1,207.55, GBP 938.63 & EUR 1,060.11 per ounce

07 Jul: USD 1,220.40, GBP 944.47 & EUR 1,068.95 per ounce

06 Jul: USD 1,224.30, GBP 946.14 & EUR 1,077.51 per ounce

05 Jul: USD 1,221.90, GBP 945.87 & EUR 1,078.45 per ounce

Silver Prices (LBMA)

13 Jul: USD 15.95, GBP 12.34 & EUR 14.00 per ounce

12 Jul: USD 15.83, GBP 12.31 & EUR 13.82 per ounce

11 Jul: USD 15.51, GBP 12.02 & EUR 13.61 per ounce

10 Jul: USD 15.22, GBP 11.82 & EUR 13.36 per ounce

07 Jul: USD 15.84, GBP 12.29 & EUR 13.88 per ounce

06 Jul: USD 16.01, GBP 12.36 & EUR 14.09 per ounce

05 Jul: USD 15.95, GBP 12.36 & EUR 14.09 per ounce

Recent Market Updates

India Gold Imports Surge To 5 Year High 220 Tons In May Alone