$2,000 Gold Achieved, What’s Next?

Precious Metals Commentary (week ending 21st June 2019)

Our call for AUD$2,000 gold for 2019 was met a bit sooner than even we expected on the back of US gold breaking through a key resistance zone on its way above $1,400 as we write. This week, we review the decisive price action and look at:

  • Australian housing – flatlining but still overvalued
  • Why the US/China trade war is good for Australia
  • Zuck’s Bucks – aka Facebook’s Libra stablecoin

21st June 2019 Gold Price Chart

Read the full report by ABC Bullion's John Feeney and Bron Suchecki here.