Current Live World Spot Prices
Last update: Sat 24th October 2020 06:59 (Melbourne)
Gold: $2,664.31 AUD     $1,901.56 USD Silver: $34.47 AUD     $24.61 USD

Author Archives: GoldNews: Miguel

Australia Must Ignore Greece, more focus on Asia.

The media loves the disaster happening in Greece and the world actually falls in that game. Things with the European Union and Greece are really messed up economically, but nobody is paying attention to a bigger crisis occurring right now in Asia.

Iron ore price collapse deepens as mining industry inquiry abandoned

The cancellation of the inquiry in the mining sector was not a good news for some characters in the industry. Fortescue Metals Group Ltd., one of the biggest players in the iron ore industry at Western Australia failed to convince the government to execute the widely popular investigation in the mining business, making possible the attainment of reliable data.

The Mining Industry is wounded

All the markets around the world are in expectation because the severe problems in the European continent. Many indexes were truly hurt in the last couple of days. Specialised media has talked about all the ups and downs in the equity markets but the commodities are being ignored quite a bit.

Gold Recovery and China-PBOC’s Trouble

The economy at an international scale has a stubborn flu. The European Union and Greece situation, denominated by the media as the “Grexit”, is impacting on all the markets and making falling almost all indexes. Even the strong and disciplined Asian potencies are being affected in a way or another. We can see precious metals having weeks of constant sinking and nobody do something about it. Maybe India can be responsible for the recovery of gold, silver and jewellery markets.

Gold is losing the race against the Dollar

These are not good days for gold prices. Too many important and relevant events eclipsing the precious metal market are going on. From America to Greece, there is big news in the economic matter. At every side, gold prices are getting hit and the fall continues.