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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.

 

Dead Cat Bounce

A bit of a mixed week for the metals, with gold initially falling but recovering back above $1600 and silver to $14.56. The Aussie dropped to 60.5 cents this week helping local prices recover to trade...

03 April 2020

Another Week, Another New Gold Price High

A good week for the metals with gold staging a recovery above $1,600 and silver outperforming to over $14.50. For Aussie investors, we saw the $A gold price reach a new high of $2,766.9...

27 March 2020

Investors Go Crazy for Gold and Silver

Another tough week for precious metals with gold falling to the $1,450 level and silver near $12 however with the Aussie dollar also getting hit Australian gold prices have held up in th...

20 March 2020

Worst Crash Since 1987

Stock markets have seen the most vicious sell-off since the 1987 “Black Monday” crash and the precious metals were dragged down on liquidating longs. However, with the AUD taking a beating...

13 March 2020

Volatility is the New Normal

The metals recovered this week with equity market volatility sending gold to $1,670 and silver $17.45. The Aussie dollar’s recovery cut into local price gains but gold was still up from recent l...

06 March 2020

Markets Awaken: US Stocks Crash 11%

The US stock market finally woke up to coronavirus risk with the S&P 500 crashing 11.60% in less than a week, and gold jumping to highs of $1,687. Silver fell back this week to $17.80 given 18% of...

28 February 2020

World in a Silent Depression

Gold broke above the crucial $1,586 level this week, trading above $1,620;  silver moved above $18 into a resistance zone between $18.40 and $18.50. The Australian dollar busting down past 0.66 p...

21 February 2020

Corona Cramps China Supply Chains

US gold rallied to $1,577 and silver fell back to $17.66 this week. The AUD/USD was on struggle street last week, hitting an 11 year low and pushing AUD gold higher to $2,346.

This week, ...

14 February 2020

US Stocks Go Parabolic

The metals eased as markets accepted the official coronavirus numbers, with gold lower to $1,565 and silver to $17.80. A RBA rates hold pushed the AUD higher to 0.673 and the local gold price down to ...

07 February 2020

Worrying Trend for Aussie Retail

Gold continued higher on coronavirus concerns to $1,577 with silver reaching $17.90 while also sending the AUD/USD lower to 0.671c - resulting in an all-time high AUD gold price of $2,362 (silver $27....

31 January 2020

Davos: Green Swans and Inequality

A slow and steady week for the metals with gold tracking sideways to USD$1,560, silver falling back to $17.80 and platinum pulling back to $1,000. Australian prices also steady at $2,280 and $26.05.

24 January 2020

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