The precious metals had a mixed performance that saw them dip ahead of the weekend. Gold traded near the $1850 level seeing the only significant change on the last day of the week. Silver stayed above the $25 level for the most part but couldn’t cut above $26. Overall, it was a dull week for
Week in Review: Gold and Silver markets plunge giving up early gains [4th to 8th January]
Gold and silver had a very bright start rallying on the first two days of the week. However, the precious metals. Both metals recorded their highest prices of the week on Tuesday before plummeting on the subsequent days. Gold sank to a three week low whereas silver saw a two-week low. Monday 4th The precious
Week in Review: Midweek gains for Silver and Gold to usher in 2021 [28th Dec to 1st Jan]
The precious metals posted fair performance in the last week of 2020. The most inspiring trading session happened on Wednesday as both metals recorded relatively significant gains. The silver market particularly spiked investor interest as silver nearly got to $27 heading into 2021. Main Street analysts believe it is the metal to keep tabs on
Week in Review: New COVID-19 strain provides support for the precious metals [21st to 25th December]
Silver and gold had a fairly good run this week starting with an explosive session for the former on Monday amid news of a more resistant COVID-19 strain. The metals pulled back on Tuesday before posting consecutive gains for the rest of the week except for Friday. Here’s the summary: Monday 21st Gold failed to
Week in Review: Silver outperforms gold as both metals post price gains [14th to 18th December 2020]
The precious metals had a good run in the week leading to Christmas. Gold prices rallied to a four-week high, with silver scoring a five-week high as the week came to an end. Despite the upward trend, silver did not test $26 and neither did gold break $1900. Analysts believe the metals are getting support
Week In Review: Gold and silver post modest gains [7th to 11th Dec 2020]
Gold and silver markets looked sharp at the start of the week. Both metals displayed positive upside momentum for the larger part of the week, hitting a three-week high on Tuesday. The only significant dip was on Wednesday, and neither metal could get on a strong recovery path. Monday 7th Gold and silver were trading
Week In Review: Gold and silver shows signs of strength in a new month [30th Nov to 4th Dec 2020]
The precious metals kicked off the new months with three consecutive gains before gold’s price dipped at the end of the week. The daily gains pushed both metals’ prices up after a poor session at the start of the week. The weak US dollar, which hit a two and half year low on Wednesday, was
Meteroic Resources makes spectacular strike!
‘Spectacular’ is how Chairman Pat Burke described the intersections discovered at its recently acquired Palm Springs Gold Project located in the Kimberley region in Western Australia, when referring to recent drilling results, in the company’s 2020 annual report. The project contains some spectacular historical intercepts beneath the existing Butchers Creek open pit, including 68 metres at
Week In Review: Gold drops below $1,800 USD as Silver sees intense pressure [23rd to 27th Nov 2020]
A rally in the stock market and the positive vaccine news set off a price slump in Gold and Silver markets. Both metals struggled to recover after a poor start on Monday. The weak US dollar barely provided enough support to keep the metals afloat. Gold suffered the biggest dip hitting a five-month low as
Australian Gold and Copper IPO [ASX:AGC] : Divestment to attract investment
A $10m divestment by Magmatic Resources (ASX: MAG) of three gold projects located on the best exploration address in NSW, the Lachlan Fold Belt, is quickly gaining a lot of investor attention. The Lachlan Fold Belt is a 700km-long structure running from central NSW to eastern Victoria and all three projects have geological similarities to
