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...
03 April 2020
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Market Updates
Regular updates on global precious metal market movements.
Stay up to date with weekly price movements and the key financial, geopolitical, and economic factors shaping global and local precious metal markets.
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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 h...
26 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 AU...
13 March 2020
Volatility is the New Normal
The metals recovered this week with equity market volatility sending gold to $1,670 and silver $17.45. The Aussie dollar’s recovery cut into local price gains but gold wa...
06 March 2020
Markets Awaken: US Stocks Crash 11%
The US stock market finally woke up to coronavirus risk with the S&P 500 crashing 11.60% in less than a week, and gold jumping to highs of $1,687. Silver fell back this w...
27 February 2020
World in a Silent Depression
Gold broke above the crucial $1,586 level this week, trading above $1,620; silver moved above $18 into a resistance zone between $18.40 and $18.50. The Australian dollar...
20 February 2020
Corona Cramps China Supply Chains
US gold rallied to $1,577 and silver fell back to $17.66 this week. The AUD/USD was on struggle street last week, hitting an 11 year low and pushing AUD gold higher to $2...
13 February 2020
US Stocks Go Parabolic
The metals eased as markets accepted the official coronavirus numbers, with gold lower to $1,565 and silver to $17.80. A RBA rates hold pushed the AUD higher to 0.673 and...
06 February 2020
Worrying Trend for Aussie Retail
Gold continued higher on coronavirus concerns to $1,577 with silver reaching $17.90 while also sending the AUD/USD lower to 0.671c - resulting in an all-time high AUD gol...
31 January 2020
Davos: Green Swans and Inequality
A slow and steady week for the metals with gold tracking sideways to USD$1,560, silver falling back to $17.80 and platinum pulling back to $1,000. Australian prices also...
23 January 2020
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 aroun...
16 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...
09 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 ma...
19 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....
12 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, sup...
28 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 disc...
21 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...
14 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 o...
07 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...
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 fro...
17 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. Bull...
10 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...
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 Jo...
26 September 2019
Helicopter Money Gaining Altitude
Gold opened the week strongly with a flight to safety following the weekend attack which cut Saudi Arabia’s oil production by half. The market was range-bound during the...
20 September 2019
Endgame: Monetary Debasement
This week saw the metals falling on choppy trading, particularly yesterday following the European Central Bank’s monetary policy meeting. While the ECB’s multiple aggress...
12 September 2019
Government’s Financial Repression Toolkit
This week, gold had another crack at the $1,550 level on the back of negative manufacturing index figures, the continuing saga that is Brexit and commencement of tariff h...
05 September 2019