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
Week In Review: Gold & Silver markets struggle amid growing news of Covid-19 vaccine [16th to 20th Nov 2020]
The precious metals grappled with staying afloat this week. Gold struggled to hit $1,900 but couldn’t go beyond its price on Monday. Silver had a similar development throughout the week as it saw investors giving it the cold shoulder. Analysts believe the price dip was a result of the upcoming rollout of Covid-19 vaccines. Although
Week In Review: Gold & Silver AUD markets continue benefiting from a weaker US dollar [9th to 13th Nov 2020]
Silver started the week well before dipping briefly in response to the positive coronavirus vaccine news. Although silver posted a couple of slums, its price stayed above the $24 level all week. Gold started off poorly but managed to recover as the week came to an end. The metal couldn’t, however, get past the $1900
Perth Mint November 2020 Release: AUSTRALIAN LUNAR SERIES III: 2021 Year of the OX
The Perth Mint has released another immaculate set of coins to commemorate the upcoming year of the Ox next year. The auspicious year brings with it an ancient myth of how the Ox become the second zodiac animal. As the myth goes the Jade Emperor decreed that the order of the animals that represent the
Week In Review: Gold and silver markets benefit from a lower US dollar [2nd to 6th Nov 2020]
The precious metals posted massive gains at the end of the week despite some back and forth movement early in the week. The falling US dollar was the most notable driving force for the price rallying amid ongoing political turmoil in the US. Gold’s price trend seemingly suggests a new multi-month advance. Industry experts believe
Week In Review: Gold, silver prices plunge [26th to 30th Oct 2020]
The prices of the precious metals fell this week and despite a late upside momentum as the week came to an end, they couldn’t recover. Gold dipped below its key $1,900 level as silver struggled to stay above the $24 level. Market analysts attributed the slump mainly to the expiration of futures contracts. The price
Week In Review: Gold, silver prices lose momentum as the week ends [19th to 23rd Oct 2020]
It was another one of those weeks where gold and silver gained upward momentum at the start of the week but tumbled at the end. The prices of the metals were mainly influenced by the movement of the US dollar. No price surprises were witnessed this week as gold traded around the $1,900 mark and
Week In Review: Gold, silver see good rebounds before dipping [12th to 16th Oct 2020]
Gold and silver gained at mid-week but couldn’t stay the course. Both metals posted their highest prices this week on Monday and could not reach the same levels throughout the week. Brief recoveries during the midweek helped keep the precious metals afloat. Summary Monday 12th, 2020 Both metals had a solid start, with gold trading
Week In Review: Gold and silver post solid price gains [5th Oct – 9th Oct]
The precious metals market was an active one this week. After a fairly good start and dip during the week, both metals picked momentum towards the end. The metals traded at higher prices on Friday than they had on any other day. It was a week where the US vice-presidential candidates had a debate and
Perth Mint Precious Metal Collectors Coin Release [October 2020]
New Coin Releases by the Perth Mint The Perth Mint is well known for its high grade, high quality gold and silver coins since it was established on 22 June 1899. Up to this current day, the Perth Mint has managed to maintain an impeccable track record within the spectrum of gold coin, silver coin
