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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.

These essential reports are ideal for first-time investors though to SMSF trustees and financial intermediaries allocating to gold on behalf of their clients. They are available via our website or can be delivered straight to your inbox. Subscribe here.

Gold Gains on Powell Pronouncements

Gold spent most of the week under $1,400 even though China added 10 tonnes to its reserves and Poland reported a large acquisition of 100 tonnes.Wednesday gold moved deci...

11 July 2019

Gold as First Step on Property Ladder

A wild week to end the financial year as both ABC Bullion’s trading volumes and number of transactions were higher than any other week this year. After pulling back on Fr...

04 July 2019

Why Is Silver so Sluggish?

After such a sharp rally it only made sense for gold to consolidate somewhat, so we see a pullback to $1,405 this week with silver trading back to $15.25 per ounce. It ha...

28 June 2019

$2,000 Gold Achieved, What’s Next?

Patience is beginning to pay off for precious metals bulls, as gold has managed to break through a key resistance zone of the past few years. Once the level of $1,350-$1,...

20 June 2019

Gold Marches Higher on 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 A...

13 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...

06 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...

30 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 sil...

23 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 sli...

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...

09 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” o...

25 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....

17 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 $...

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 $1,3...

05 April 2019

‘Trade of the Century’

The battle for US$1,300 continued this week with the bulls taking the win for now – gold traded higher at $1,309 per ounce and silver was up slightly to USD$15.14. Fed ch...

21 March 2019

Merger Mania and Free Money

After a week of consolidation, gold showed some strength this week moving up from the USD$1,280s and trading above the “13” handle briefly before encountering resistance...

15 March 2019

The Growing Trend of Chinese Corporate Defaults

Precious metals eased lower this week with gold retreating to USD$1,313 on the back of a stronger US GDP print, and silver dropped to USD$15.60 per ounce. Palladium looks...

28 February 2019

Gold Hits All Time High of $1,880

The rally continued this week with gold breaking out north of USD$1,320 and quickly running to a high of $1,346 per ounce, before retreating back to $1,327 currently. Sil...

21 February 2019

Australia’s House of Cards

Gold had a relatively uneventful week this week, pulling back slightly to USD$1,312 as did silver to $15.62 per ounce. After a terrible performance last week, the AUD/USD...

14 February 2019

Slow and Steady Wins the Race

Gold in USD terms has managed to crack through the $1,300 resistance level this week, trading at USD$1,320, with silver rallying up through USD$16.00 per ounce at time of...

01 February 2019

Overbought Equities and Record Inequality

Gold was relatively flat this week after failing to break through the key US$1,300 level mentioned in last week’s commentary. We currently trade at US$1,283 per ounce and...

24 January 2019

All Eyes On $1,300

Waiting and watching in anticipation to see if gold is able to crack through near term resistance at the $1,300 level. We are currently trading around USD$1,292 and silve...

18 January 2019

2019 Starts With a Bang!

Volatility in financial markets continued in December, leading to some pretty amazing moves in forex, equities and precious metals during the break. After recent consolid...

11 January 2019

The Charts that Defined Financial Markets in 2018

With the end of 2018 quickly approaching, this will be our last market update for the year. So something a little different, we will take a look back on 2018 with some of...

20 December 2018

Silver’s Time to Shine

After a sharp rally Friday night, gold continued to edge higher this week before encountering some resistance at the USD$1,250 level. Overall, short-term trend appears p...

14 December 2018

Markets Crash as Treasury Yields Invert

Gold staged a breakout this week as panic struck equity markets on Tuesday night. Gold jumped to USD $1,238 and silver hit USD$14.50. In local currency terms, the rally i...

06 December 2018

Why 2019 Could Get Very Interesting

Gold held a relatively tight trading range this week as we currently trade slightly lower at USD $1,221 per ounce, with silver sitting around USD $14.30 per ounce at time...

29 November 2018