Current Live World Spot Prices
Last update: Sat 19th September 2020 06:59 (Melbourne)
Gold: $2,674.72 AUD     $1,950.52 USD Silver: $36.71 AUD     $26.77 USD

Category Archives: Gold & Silver Markets

Week In Review: Gold and silver prices weaken as global equities gain [7th Sep to 11th Sep 2020]

gold news week review 7 sep 11 sep 2020

The haven metals traded at moderately low prices this week. Risk appetite took an upswing especially late in the week as indicated by global stocks markets that saw an upswing at the end of the trading week. Although daily equities market volatility picked up, it couldn’t quite shake the marketplace. Keeping in mind, it is

Week In Review: Gold & silver rebound after the Fed’s inflation announcement [24th to 28th Aug 2020]

gold news week review 24 28 aug 2020

Gold and silver saw strong price rebounds this week following Fed Chair Jerome Powell’s announcement.  The Fed introduced a new policy that would allow inflations running above the 2% mark.   Although the news created a favourable ground for both metals, gold didn’t respond as most traders expected. The precious metal rallied to a new

Week In Review: The price correction continues [17th to 21st Aug 2020]

gold news week review 17 to 21 august 2020

The rapid movement of the US dollar this week has put some pressure on both gold and silver. The precious metals temporarily recovered from their lows as a result of investors wanting to buy the pull-back. Silver and gold prices went back and forth during the week, with silver almost managing the $28 mark. The

Week In Review: Price correction begins [10th to 14th Aug 2020]

gold news week review 10 14 aug 2020

After the phenomenal runs witnessed last week, price correction of gold and silver kicked in.  Both precious metals had similar price patterns this week- starting on a high note and falling midweek before getting on an upward trajectory as the week came to an end. Some experts labelled the correction ‘overdue’ pointing that the gold

Week In Review: Gold & Silver manage new highs [3rd to 7th Aug 2020]

gold news week review 3rd 7th August 2020

Although gold and silver soared last week, with gold to a record new high, they both declined as the week came to an end. Gold surpassed the $2000 USD ($2794.08 AUD) price last week, and set new records for Gold in both USD and AUD. Silver prices, which have been proven to rise tremendously in

The Case For Gold In Switzerland

https://www.flickr.com/photos/moneymetals/28369877662

Switzerland is known for producing quality products, if its Swiss made then you expect it to be the best thing in the world. There is are Swiss watches, Swiss cheese, Swiss chocolate and Swiss gold. A lot of people don’t know that gold is the biggest export product in Switzerland but it has been since the 1970s.

Why do countries hoard gold

Countries may have moved away from the gold standard but many central banks still hold significant reserves of this precious metal. Central banks are always looking to increase their gold and add millions worth of gold bullion to their reserves. If central banks are hoarding so much gold this begs the question why would banks hoard “non-yielding” asset instead of stocks and government bonds that generate regular interest and do not require a lot to store. It seems that gold is used by many countries as a security blanket and also as a way to show off their accumulated wealth.

Are We Ready For A Global Gold Deficit

The global demand for gold as a safe haven is growing but gold is increasingly being used in other industries like jewellery and electronics. Tons of gold bars and gold coins are bought every day but few people ever stop to think about how much more gold we can expect to get from this planet. Gold cannot be manufactured, it is a completely natural resource and as such it is limited. We have heard talk about peak gold production but we either aren’t fully aware of what this means or we are simply oblivious to what is going on.

Gold In 2019 And Beyond

Gold has come a long way in the investment world. It is loved by both ordinary people and global power brokers. It has been considered as a long term investment for those who want to build a strong financial future especially in these uncertain times. 2018 has been particularly eventful with gold showing growth when stocks and bonds faltered.

What the WGC thinks of gold in 2018

2018 is a good year for gold, That is what the World Gold Council (WGC) says. According to economic analysts, the S&P 500 struck an all-time highs but gold prevailed and finished stronger by 13.5%. This is the biggest annual gain since 2010. Gold outperformed a lot of other major assets.