​Gold Marches Higher on Iran Oil Tanker Attack

Precious Metals Commentary (week ending 14th June 2019)

Gold marched higher on news of two oil tankers being attacked in the Sea of Oman to USD$1,345 and silver to $14.95. 

This week, we look at insights from the Asia Pacific Precious Metals Conference:

  • Gold's role as a strategic asset in a portfolio
  • Increasing money manager allocations and Asian demand to support prices
  • Australian gold production and reserves
  • Bank analyst price outlooks 

Gold chart

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