Gold Spikes on Iran/US Escalation

Precious Metals Commentary (week ending 10th January 2020)

Over the holidays, the metals broke out and Iran/US tensions put a rocket under that. Gold is holding above the crucial $1,550 level with silver getting dragged along to just under $18. Aussie gold reached a high of $2,352 and is currently $2,262 with silver at $26.17.

This week, we look at:

  • Should you trade like George Costanza – opposite to what your instincts say?
  • The continuing war on cash in Greece, China and Sweden
  • Is the greenest gold that which is kept in the ground?

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

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