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 and silver at $2,155 and $25.15 respectively.
This week we discuss:
- The RBA’s quantitative easing plans to keep rates low
- Australian gold exports and Asian demand
- A call option bet on a $4,000 gold price
Read the full report by ABC Bullion's John Feeney and Bron Suchecki here.