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Market Updates

Each Friday, ABC Bullion’s Sales and Business Development Manager, John Feeney, and Senior Precious Metals Project Analyst, Bron Suchecki, review the past week’s price action and discuss the current geopolitical and economic factors driving the precious metal markets.

 

What Backs a Dollar?

This week saw a significant pullback in precious metals prices, with gold dropping 2.9% to USD$1,468 and silver dropping 5.5% to USD$17.10 per ounce, mainly on the back of thawing tensions between Chi...

08 November 2019

Record Diwali Gold Demand

Gold bulls had a win in the ongoing battle for the USD$1,500 level with a break north to $1,512 and silver following just above $18. Local prices were somewhat unchanged with the AUD/USD jumping to 69...

01 November 2019

Gold is Under-Owned

Gold and silver continued to trade in a tight range and are holding within the pennant formation we noted last week....

25 October 2019

Gold - An Anchor of Trust

Not a very volatile week for precious metals prices in USD terms with gold trading into a tighter range this week, currently above $1,490 and silver $17.50, unchanged from Friday last week....

18 October 2019

Focus on Silver Fundamentals

The battle for gold to hold above the psychological USD$1,500 level continued this week with gold whipsawing around that level after failing to hold it convincingly. Bulls are currently losing the bat...

11 October 2019

Rates and IPOs - Approaching Zero

It looked like we were about to see a more sustained pullback in precious metals prices this week when gold traded lower into to the USD$1,460-$1,470 range, but this was short lived as equity market v...

04 October 2019

Gold Holds Purchasing Power – In Beer

Gold held within its $1,480-$1,550 channel during a headline driven week. The metals were initially supported with weak manufacturing data out of Europe and then Boris Johnson’s suspension of Br...

27 September 2019

Helicopter Money Gaining Altitude

Gold opened the week strongly with a flight to safety following the weekend attack which cut Saudi Arabia’s oil production by half. The market was range-bound during the week waiting for the US ...

20 September 2019

Endgame: Monetary Debasement

This week saw the metals falling on choppy trading, particularly yesterday following the European Central Bank’s monetary policy meeting. While the ECB’s multiple aggressive easing measure...

13 September 2019

Government’s Financial Repression Toolkit

This week, gold had another crack at the $1,550 level on the back of negative manufacturing index figures, the continuing saga that is Brexit and commencement of tariff hikes. However, the resumption ...

06 September 2019

Fear and Uncertainty Drive Gold

A constructive week for precious metals. After trading between $1,490 and $1,510 last week, gold jumped $30 Friday US time on tit for tat tariff increases from both the US and China. Then followed Fed...

30 August 2019

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