Down Under Under-Employed
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