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Precious Metals Commentary (week ending 17th May 2019)

Precious metals had an up and down week with gold briefly reaching $1,300 but consolidating above $1,280, with silver slightly lower at $14.50. With the AUD/USD knocking out fresh lows below 0.69c, we see gold in AUD continuing towards all-time highs.

This week, we look at the:

  • Flash crash in Bitcoin below USD$7,000
  • Impact of the trade war on the global economy
  • Australian employment and confidence
  • De-dollarisation by China and Russia

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