Media & Articles

Another Week, Another New Gold Price High

Precious Metals Commentary (week ending 27th March 2020) 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 high of $2,766.95 but …

Investors Go Crazy for Gold and Silver

Precious Metals Commentary (week ending 20th March 2020) Another tough week for precious metals with gold falling to the $1,450 level and silver near $12 however with the Aussie dollar also getting hit Australian gold prices have held up in the $2,…

Worst Crash Since 1987

Precious Metals Commentary (week ending 13th March 2020) 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 AUD taking a beating to…

Volatility is the New Normal

Precious Metals Commentary (week ending 6th March 2020) 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 was still up from recent…

Markets Awaken: US Stocks Crash 11%

Precious Metals Commentary (week ending 28th February 2020) 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 week to $17.80 …

World in a Silent Depression

Precious Metals Commentary (week ending 21st February 2020) 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 busting down past …

Corona Cramps China Supply Chains

Precious Metals Commentary (week ending 14th February 2020) 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 $2,346. This week, …

US Stocks Go Parabolic

Precious Metals Commentary (week ending 7th February 2020) 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 the local gold pri…

Worrying Trend for Aussie Retail

Precious Metals Commentary (week ending 31st January 2020) 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 gold price of $2,362 (…

Davos: Green Swans and Inequality

Precious Metals Commentary (week ending 24th January 2020) 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 steady at $2,280 an…

Five New Year Resolutions

Precious Metals Commentary (week ending 17th January 2020) 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 around $2,250 and $26 re…

Gold Spikes on Iran/US Escalation

Precious Metals Commentary (week ending 10th January 2020) 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 just under $18. Aus…

2019 in Review

20 December 2019 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 markets and geopolitics. Read the full report by ABC Bullion's…

Debt Jubilees Good for Gold

Precious Metals Commentary (week ending 13th December 2019) 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 $24.60 thanks to a spi…

The Mathematical Case for Gold

Precious Metals Commentary (week ending 6th December 2019) Another range bound week. Despite US gold trading higher to $1,475 and silver flat at under $17, a rise in the AUD on a RBA rate hold saw local prices finishing much the same at $2,163 and …

Addicted to Lowe's Love of Low Rates

Precious Metals Commentary (week ending 29th November 2019) 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, supporting AUD gold a…

Housing Debt Double Century

Precious Metals Commentary (week ending 22nd November 2019) 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 discuss: Australia…

Gold Bounces Back from Oversold Levels

Precious Metals Commentary (week ending 15th November 2019) Volatility in precious metals prices saw gold dropping as low as $1,446 before rallying to $1,470 at time of writing, with silver recovering to $17. A bad jobs number saw the AUD slammed b…

What Backs a Dollar?

Precious Metals Commentary (week ending 8th November 2019) A significant pullback in precious metals prices on the back of thawing US-China trade tensions, with gold dropping 2.9% and silver 5.5%. Combined with an Australian Dollar above 0.689, it …

Record Diwali Gold Demand

Precious Metals Commentary (week ending 1st November 2019) 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 ju…

Gold is Under-Owned

Precious Metals Commentary (week ending 25th October 2019) Gold popped back above $1,500 overnight, butting up against the pennant formation we noted last week. Silver followed and climbed to $17.80 and with the Aussie weakening, which sees $A gold…