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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.

 

Gold Confiscation – Feasible or Fantasy?

This week, Crispin Odey got a lot of headline coverage, when he said that gold ownership could become illegal if inflation spikes.

AUD strengthened this week to 65.6 US cents, s...

22 May 2020

Half the Aussie Workforce on Government Support

Officially unemployment only rose slight to 6.2% but we say realistically over 50% of the workforce is on government support.

We also look at trade tensions between China and Australia an...

15 May 2020

Wealth Destruction on a Catastrophic Scale

This week Harvard University professor Ken Rogoff called for deeply negative US interest rates; the market agrees with traders betting on negative US rates by early 2021. Freelance CEO said 74% of Aus...

08 May 2020

Inflation Bomb Set to Blow

JP Morgan says US money printing may ignite an inflation bomb. This week we also look at China's call for a new super-sovereign currency to counter the US dollar and why Scotiabank closed its bull...

01 May 2020

You Can’t Print Gold

Gold edged higher this week to $1,726 and silver is tracking sideways around the USD $15 per ounce level, yet to make up its mind on whether to join gold or remain uncoupled as the AUD/USD trades at 0...

24 April 2020

Gold Clears $1,700 As QE Returns

Gold reached a high of $1,747 this week and silver consolidated currently trading around the $15.40 level. With the Australian dollar trading within a 1.8 cent around 0.6354 the AUD metal prices chopp...

17 April 2020

Look Very Closely at Silver

Gold advanced to $1,648 this week on US dollar weakness and silver battled with the $15 level after adding around 7% from the start of the week. The USD index retreated, putting the AUD back above 62c...

09 April 2020

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

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