Market Updates

Precious Metals News Update - 20 April 2018

A spike in US Treasury yields overnight on increasing expectations of a fourth interest rate hike by the US central bank in 2018, lent support to the Greenback, drove US...

Gold - Time to Break Out?

Gold prices have rallied this week, with the price of the yellow metal currently trading near USD $1,350oz. Silver, which has slightly lagged gold since the beginning of...

Precious Metals News Update - 19 April 2018

A sterling performance from silver saw the white metal marginally edge out palladium as the star performer from amongst the precious metals complex on the day, as sanctio...

Precious Metals News Update - 18 April 2018

Gold and silver were buffeted around within recent ranges predominantly on headline risk. Weakness during the Far Eastern and European sessions was largely reversed by th...

Precious Metals News Update - 17 April 2018

Precious metals were sent lower at the open of Far Eastern trading on Monday on a “buy the rumour, sell the fact” reaction, after a coalition comprising France, the UK an...

Precious Metals News Update - 13 April 2018

Ladders and snakes – ladders give, snakes take. Gold and silver gave up the entirety (and a touch more) of Wednesday’s gains yesterday, as expectations of the US and its...

Gold Faces the Music!

Gold prices pulled back sharply overnight, with the yellow metal declining back toward USD $1330oz. Earlier in the week, gold had briefly pushed through USD $1360oz, thou...

Precious Metals News Update - 12 April 2018

Safe haven buying on the back of unfolding developments from the Middle East had kept a steady bid tone to the precious metals throughout Asian and European trading as ex...

Precious Metals News Update - 11 April 2018

When the newswires carried comments from Chinese President Xi Jinping during the early part of Far Eastern trading that China was prepared to lower tariffs on motor vehic...

Precious Metals News Update - 9 April 2018 (Trade date: April 6th)

Hello everyone. COMMENTS / HIGHLIGHTS:

Trade War Boosts Gold!

Precious metal prices have had a minor rally this week, with the price of gold currently sitting at USD $1,331oz. In AUD terms, gold is sitting at $1,737oz, up nearly 1%...

Weekly Technical and Precious Metals Positioning Report - Gold - 4th April 2018

Gold takes support from the Weekly Ichimoku Standard Line (US$1301) but has yet to overcome the important US$1366 level. Protectionism is the theme for gold’s current str...

Gold Loves Rate Hikes!

Gold prices have bounced this week, with the yellow metal currently trading just over USD $1,330oz, up over 1.5% since last Friday. In Australian dollar terms, the yellow...

Property set to drop by 60%?

The Australian Bureau of Statistics yesterday released its latest housing statistics, which showed that, nationwide, property prices rose by 1% in the final quarter of 20...

Is Gold too Boring?

“Bull Markets are born on pessimism, grow on scepticism, mature on optimism and die on euphoria.” – Sir John TempletonGold prices are treading water this week, currently...

Weekly Technical and Precious Metals Positioning Report - Gold - 13th March 2018

After hitting the US$1361 target, gold tested the US$1301 support at the Weekly Standard line on the Ichimoku/the base of the Daily cloud, and recovers.Targets: medium te...

Silver Stirs, Bitcoin Battered, and More Trouble Down Under

Precious metal prices are on track to end this week largely unchanged, having pulled back from mid-week highs. Gold is currently trading at USD $1318oz, where silver is a...

Precious Metals News Update - 7 March 2018

Hello everyone, Where to begin? Markets have been roiled over the past few days by a handful of events but arguably the one causing the most consternation amongst investo...

Gold Steady as Markets Spooked by Trump's Tariffs

Gold and silver continued their pullback this week, with the price of the metals declining to USD $1315oz (gold), and USD $16.50oz (silver). Overnight, the yellow metal f...

Precious Metals News Update - 28 February 2018

Hello everyone. The markets’ verdict on the prepared Testimony and subsequent Q&A of US Federal Reserve Chairman Jerome Powell before the House Financial Services Committ...

Precious Metals News Update - 27 February 2018

​Hello everyone. Precious metals commenced the week with price action driven by the US dollar which itself was hoofed around like a football, initially on comments from B...

Presentation from ABC Bullion Seminar

Gold prices have corrected slightly this week, with the price of the yellow metal falling 1.5% to the USD $1330oz level. Silver has been affected too, with a similar fall...

Precious Metals News Update - 21 February 2018

​Chinese New Year and US Presidents Day holidays have impacted market liquidity during the early part of this week.The return of US investors on Tuesday saw the precious...

Gold and Bitcoin Pop as Inflation Beast Stirs!

Precious metal prices have rallied this week, with both gold and silver up by close to 3% in USD terms, trading at USD $1354oz (gold), and USD $16.96oz (silver). In local...

Weekly Technical and Precious Metals Positioning Report - Gold - 15th February 2018

Precious Metals News Update - 15 February 2018

Hello everyone. Since the last missive a week ago, extremely choppy ‘rinse and spin’ price action has been seen across the precious metals complex (particularly gold), as...

South African Politics and Platinum and Palladium Prices

To bastardise Hemingway, Jacob Zuma’s political demise appears to have come about “slowly, then all at once”. Years of the ANC governing as the party of liberation, and t...