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

Author Archives: Sam Grant

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: Recovering US dollar prompts fall in Gold and Silver Prices [31st Aug to 4th Sep 2020]

gold news week review 31 aug 04 sep 2020

A rebound in the US dollar dented the prices of the haven metals this week. The recovery spells a risk to this year’s booming rally in gold and silver. Gold markets initially tried to rally but couldn’t get to the $2000 level. Alongside gold, silver prices were fairly low in the wake of a U.S.

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