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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.
Cash Ban Coming
The gold price consolidated this week with trading bouncing off $1,500 but being capped at $1,525. There was one sell-off mid-week in reaction to better US CPI figures and Trump delaying China tariffs...
16 August 2019
A Perfect Storm
Well, what a week! After consolidating during July between $1,380 and $1,450, this month, gold has made another break going above $1,500 (and holding) on more trade troubles and negative rates. Silver...
09 August 2019
Go, Aussie Debt, Go!
Just when you think gold prices are going to pull back and have a breather, Trump comes back into the spotlight with some fresh tariffs on Chinese imports, spiking gold to a high of USD$1,449 before p...
02 August 2019
Desperately Seeking Inflation
Gold pulled back to USD$1,417 this week on the back of a stronger US Dollar, with silver shining brightest at present, adding USD 10c since last week and trading at $16.45 at time of writing.
26 July 2019
Silver Spikes 7% - Here’s Why
We talked last week of gold consolidating in a range with a break up through $1,440 as potential indication of the next leg higher. We saw this on Thursday night with gold benefiting from some further...
19 July 2019
Gold Gains on Powell Pronouncements
Gold spent most of the week under $1,400 even though China added 10 tonnes to its reserves and Poland reported a large acquisition of 100 tonnes.Wednesday gold moved decisively up to $1,426 on the bac...
12 July 2019
Gold as First Step on Property Ladder
A wild week to end the financial year as both ABC Bullion’s trading volumes and number of transactions were higher than any other week this year. After pulling back on Friday night, gold started...
05 July 2019
Why Is Silver so Sluggish?
After such a sharp rally it only made sense for gold to consolidate somewhat, so we see a pullback to $1,405 this week with silver trading back to $15.25 per ounce. It has been a wild week at ABC Bull...
28 June 2019
$2,000 Gold Achieved, What’s Next?
Patience is beginning to pay off for precious metals bulls, as gold has managed to break through a key resistance zone of the past few years. Once the level of $1,350-$1,360 was broken on Thursday it ...
21 June 2019
Gold Marches Higher on Oil Tanker Attack
Gold marched higher as news filtered through of two oil tankers being attacked by torpedoes in the Sea of Oman. Gold rallied to USD$1,345 and silver to $14.95; with the AUD/USD back down to 0.690 US c...
14 June 2019
In Gold We Trust
A huge week for precious metals this week with gold rallying back up through the USD$1,300 level to $1,333 with silver following to USD$14.88. We warned investors in last week’s update to keep a...
07 June 2019
