Gold Clears $1,700 As QE Returns

Precious Metals Commentary (week ending 17th April 2020)

Gold reached a high of $1,747 this week and silver consolidated currently trading around the $15.40 level. With the Australian dollar trading within a 1.8 cent around 0.6354 the AUD metal prices chopped around the $2,700 level and between $23.80 and $24.75 for silver.

This week we look at the:

  • Economic impact of the Great Lockdown
  • Return of quantitative easing
  • Is Australia seeing another silent bank run?

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

Roy Morgan Unemployment & Under-employment Chart