Volatility is the New Normal
Precious Metals Commentary (week ending 6th March 2020)
The metals recovered this week with equity market volatility sending gold to $1,670 and silver $17.45. The Aussie dollar’s recovery cut into local price gains but gold was still up from recent lows to $2,520 and silver to $26.30.
This week we look at:
- How gold and silver brushed off their initial sell off
- A contrarian thought: monetary policy is not going to cure COVID-19
- Corona hitting Australian confidence, and toilet paper inventory
- Only five more years and central bank gold stocks back to 1971 “Nixon shock” levels
Read the full report by ABC Bullion's John Feeney and Bron Suchecki here.