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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.

 

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

Gold - An Anchor of Trust

Not a very volatile week for precious metals prices in USD terms with gold trading into a tighter range this week, currently above $1,490 and silver $17.50, unchanged from Friday last week....

18 October 2019

Focus on Silver Fundamentals

The battle for gold to hold above the psychological USD$1,500 level continued this week with gold whipsawing around that level after failing to hold it convincingly. Bulls are currently losing the bat...

11 October 2019

Rates and IPOs - Approaching Zero

It looked like we were about to see a more sustained pullback in precious metals prices this week when gold traded lower into to the USD$1,460-$1,470 range, but this was short lived as equity market v...

04 October 2019

Gold Holds Purchasing Power – In Beer

Gold held within its $1,480-$1,550 channel during a headline driven week. The metals were initially supported with weak manufacturing data out of Europe and then Boris Johnson’s suspension of Br...

27 September 2019

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