Gold Bounces Back from Oversold Levels
Precious Metals Commentary (week ending 15th November 2019)
Volatility in precious metals prices saw gold dropping as low as $1,446 before rallying to $1,470 at time of writing, with silver recovering to $17. A bad jobs number saw the AUD slammed back to 0.68, minimising local metal price losses.
This week, we look at:
- Different investor behaviour between West and East
- Gen Z “dystopian socialists” attitudes towards gold
- Has the world gone mad?
- Is gold at risk of becoming instantly worthless?
Read the full report by ABC Bullion's John Feeney and Bron Suchecki here.