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.