Market Updates
Keep up-to-date in the past week’s price action and the current geopolitical and economic factors driving the international and local precious metal markets.
Silver on verge of break out as sales surge
Gold prices steadied this week, with the precious metal last trading at USD $2,162 per troy ounce (oz). Silver continued to rally, +2% in USD terms, and last trading at USD $24.90oz. In the past month...
15 March 2024
A billion reasons to buy silver as gold joins the party
Gold prices surged to all-time highs this week, with the price breaking out above USD $2,150oz. The 5% rally in USD gold now sees the precious metal trading 18% higher than where it was one year ago, ...
08 March 2024
Gold vs Bitcoin, here we go again!
Precious metal prices have continued to trade in a narrow range over the last week, with gold edging to the upside, and again looking like it may push back above USD $2,050oz. The movements in gold ar...
01 March 2024
Precious metals steady as markets melt up!
Precious metal prices are essentially unchanged over the past month, with gold trading just above USD $2,000 and just below AUD $3,000oz. Silver is also flat, trading just below USD $23oz and AUD $35o...
23 February 2024
Precious metals bounce back as silver set to surge!
Precious metal prices moved sharply higher this week, with both gold and silver rallying by 2% in USD terms, with gold currently trading above USD $2,050oz. The move higher has occurred against a back...
02 February 2024
Silver: A once in a lifetime opportunity
Precious metal markets continued to confound investors in the last week, with gold at one point charging above USD $2,050oz and looking like it was set to break out.
It then abruptly changed co...
19 January 2024
Go for gold: The time is now
Gold and precious metal prices eased this week, falling by 1% and 2% respectively in USD terms. The price action is a continuation of a corrective or steadying period that dates back a month, after bo...
12 January 2024
Precious metals rock solid in 2023
With Christmas fast approaching and the New Year just over a week away, it looks like being another good year for the precious metal sector, with gold up 10% for the year so far....
22 December 2023
New highs for gold before market consolidates
The gold market started this week on extremely strong footing, with news of a Houthi rebel
08 December 2023
Silver breaking out as metals rally!
Precious metal prices strongly rallied this week, led by silver, which surged by 7% in USD terms, and is now trading back above USD $25oz.
This recent price move puts momentum firmly on the sid...
01 December 2023