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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.

 

5 New Year Investment Resolutions

After an earlier sell-off, gold recovered back above $1,550 with silver trading just under $18. An Aussie dollar close to 0.69c gives gold and silver some stability around $2,250 and $26 respectively....

17 January 2020

Gold Spikes on Iran/US Escalation

Over the holidays, the metals broke out and Iran/US tensions put a rocket under that. Gold is holding above the crucial $1,550 level with silver getting dragged along to just under $18. Aussie gold re...

10 January 2020

2019 in Review

With the end of 2019 quickly approaching in this last update for the year we look back at 2019 for the events that caught our eye across the precious metals, financial markets and geopolitics....

20 December 2019

Debt Jubilees Good for Gold

A volatile week saw gold trade to a $1,486 high before a smack down to stabilise at $1,470 with silver at $16.95. Australian prices ended up much lower at $2,129 and $24.60 thanks to a spike in the AU...

13 December 2019

The Mathematical Case for Gold

Another range bound week. Despite US gold trading higher to $1,475 and silver flat at under $17, a rise in the AUD on a RBA rate hold saw local prices finishing much the same at $2,163 and $24.95 resp...

06 December 2019

Addicted to Lowe’s Love of Low Rates

Another quiet week with gold holding firmly above the key $1,446 level at $1,458 and silver trading just above $17. The Aussie continues its long-term downward trend, su...

29 November 2019

Housing Debt Double Century

A relatively quiet week for precious metals with gold trading lower to $1,466 and silver at $17.10 and local prices largely unchanged at $2,160 and $25. This week we dis...

22 November 2019

Gold Bounces Back from Oversold Levels

Volatility in precious metals prices continued this week with gold dropping as low as $1,446 before rallying back up to $1,470 at time of writing, with silver recovering most of the early week’s...

15 November 2019

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

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