Gold Gains on Powell Pronouncements
Precious Metals Commentary (week ending 12th July 2019)
Gold started the week under USD$1,400 but moved decisively up to $1,426 on the back of Fed chair Powell’s dovish comments. Aussie gold and silver prices held above $2,010 and $21.65 respectively as the dollar remained under 70 US cents.
This week, we look at:
- Wealth gap and interest rates
- Stretched US economic expansion
- Big trader bets on bullion
Read the full report by ABC Bullion's John Feeney and Bron Suchecki here.