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Category Archives: Gold & Silver Markets

Week In Review: Gold drops below $1,800 USD as Silver sees intense pressure [23rd to 27th Nov 2020]

gold news week review 23 november 27 november 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

Week In Review: Gold & Silver markets struggle amid growing news of Covid-19 vaccine [16th to 20th Nov 2020]

gold news week review 16 november 20 november 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]

gold news week review 9 november 13 november 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

Week In Review: Gold and silver markets benefit from a lower US dollar [2nd to 6th Nov 2020]

gold news week review 2 november 6 november 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]

gold news week review 26 october 30 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]

gold news week review 19 october 23 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 news week review 12 october 16 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]

gold price news week review

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

Week In Review: Gold & silver struggle as experts foresee the end of correction [28th Sep to 02nd Oct 2020]

gold news week review 28 sep 2 oct 2020

The precious metals struggled to get to the right track after a poor start. The news about the US President Donald Trump testing positive for COVID-19 provided some support, but the impact was little as the US dollar strengthened against other currencies. Gold moved to $1900 at the end of the week as Silver managed

Week In Review: Gold holds relatively steady as silver dances around a consistent level [14th Sep to 18th Sep 2020]

gold news week review 14 sep 18 sep 2020

The price of precious metals this week remained relatively flat. Silver prices went back and forth during the week but remained around the $27 mark for the larger part. Gold saw a few movements as investors sought to react to the Fed’s monetary policy decision that was set for Wednesday. Monday 14th September 2020 Gold