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?

Gold Demand Chart

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