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​Gold Marches Higher on Iran 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

​Westpac’s Call = $2,000 Gold

This week saw gold trading back above USD$1,290 and silver relatively unchanged at USD$14.50. After such a consolidation in price, it seems like gold has formed a base in USD terms, so keep an eye out...

31 May 2019

​Sell Stocks in May and Go Away

Gold drifted lower this week before catching a bid Thursday night on the back of US stock markets selling off. We remain at the USD$1,280 level as per last week, with silver trading not too far off mu...

24 May 2019

Down Under Under-Employed

Precious metals had an up and down week this week with gold in USD trading back above $1,300 ever so briefly, before consolidating just above $1,280 per ounce. Silver slightly lower at $14.50 per ounc...

17 May 2019

China Buys Gold as Trade Wars Escalate

Gold added $10 per ounce this week, rallying back above USD$1,280 and has managed to successfully hold above the trendline from September 2018. Silver is slightly higher than last week at USD$14.80. G...

10 May 2019

Drop Gold, Buy Bitcoin?

It was a rather boring week for the precious metals until Fed Chair Powell’s comments at a press conference were interpreted as meaning less of a chance the Fed would cut interest rates. It caus...

03 May 2019

Risk On/Off, Gold Off/On

The gold price was under pressure the first half of this week, falling from $1,279.88 to $1,266.42 with silver breaking below $15 to get as low as $14.75. The $6 “slam” overnight Tuesday n...

26 April 2019

Gold Hits 2019 Bottom - What’s Up?

Gold failed to hold the recent support level of USD$1,280 this week so we saw some selling purely on the back of the technical setup, as news was fairly absent this week. Stop losses aplenty would hav...

18 April 2019

​Is the Lucky Country out of Luck?

Gold continued to dance around the USD$1,300 per ounce mark, before trading lower to the exact price of this time last week ($1,292 per ounce). Silver trades just below $15 per ounce at time of writin...

12 April 2019

Fairy Tale Budget

Precious metals stabilised this week in USD after the sharp decline last Thursday night that would have triggered cascading stop losses, as gold failed to hold above $1,300. Gold is trading at USD$1,2...

05 April 2019