Media & Articles

ABC Refinery Awarded CME Accreditation in USA

  ABC Refinery is proud to announce it has received accreditation from the CME Group for its premier gold product, the COMEX “GC” gold futures contract, effective 05 June 2020.  The accreditation sees ABC Refinery bars added to the COMEX good deliv…

Inflation Bomb Set to Blow

Precious Metals Commentary (week ending 1st May 2020) JP Morgan says US money printing may ignite an inflation bomb. This week we also look at the: China calls for new super-sovereign currency to counter the US Why Scotiabank closed its bullio…

You Can’t Print Gold

Precious Metals Commentary (week ending 24th April 2020) Gold edged higher this week to $1,726 and silver is tracking sideways around the USD $15 per ounce level, yet to make up its mind on whether to join gold or remain uncoupled as the AUD/USD tr…

Earth Day at ABC Refinery Everyday

Earth Day 2020 at ABC Refinery  Earth Day 2020 focuses on challenges associated with climate change, especially surrounding air and water pollution. At Pallion, we pride ourselves on instilling processes and practices to reduce our carbon footprint…

Gold Clears $1,700 As QE Returns

Precious Metals Commentary (week ending 17th April 2020) Gold reached a high of $1,747 this week and silver consolidated currently trading around the $15.40 level. With the Australian dollar trading within a 1.8 cent around 0.6354 the AUD metal pri…

Look Very Closely at Silver

Precious Metals Commentary (week ending 10th April 2020) Gold advanced to $1,648 this week on US dollar weakness and silver battled with the $15 level after adding around 7% from the start of the week. The USD index retreated, putting the AUD back …

Dead Cat Bounce

Precious Metals Commentary (week ending 3rd April 2020) 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 local prices recover …

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 …