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.

Gold Equities Charts 2008-2020