Daily Gold Market Report

No DGMR today through Friday. Back Monday. Below is yesterday’s report.

Golf trades to the upside in advance of tomorrow’s inflation report
Kentucky farmer unearths valuable hoard of US gold coins

(USAGOLD – 7/11/2023) – Gold is trading to the upside this morning before tomorrow’s inflation report. It is up $11 at $1939. Silver is up 9¢ at $23.26.Trading Economics puts the consensus expectation at 3.1% following May’s 4% reading. Core inflation is expected to come in at 5%, and that is the number that has policymakers worried. May’s reading was 5.2%. One very lucky Kentucky farmer recently unearthed a valuable hoard of 700 Civil War-era gold coins in his cornfield. Though the hoard has not been precisely valued, it includes eighteen 1863 $20 Liberty gold coins that could be worth as much as $100,000 each at auction. “The man whose name and location have not been revealed,” reports the National Post, “can be heard on a short video breathlessly exclaiming ‘this is the most insane thing ever,’ while digging the coins out of the dirt.”

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