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ABC Bullion

Market Updates

Keep up-to-date in the past week’s price action and the current geopolitical and economic factors driving the international and local precious metal markets.

 

Gold powers higher despite spike in rates

Gold prices surged to another record high this week, with a + 3% rally seeing the precious metal trade at USD $2,373.20 per troy ounce (oz), despite a surge in bond yields. Silver was also strong...

12 April 2024

Records tumble as bullion surges!

Gold prices surged to record highs this week, with the precious metal trading above USD $2,300 and AUD $3,500oz for the first time. Silver also rallied, with a 9% surge seeing prices approach USD $27o...

05 April 2024

Gold soars as Fed folds on inflation

Gold prices traded above USD $2,200 and AUD $3,300 per troy ounce (oz) earlier this week, as a dovish US Federal Reserve fuelled the recent precious metal rally. Last trading at USD $2,180oz, gold has...

22 March 2024

Silver on verge of break out as sales surge

Gold prices steadied this week, with the precious metal last trading at USD $2,162 per troy ounce (oz). Silver continued to rally, +2% in USD terms, and last trading at USD $24.90oz. In the past month...

15 March 2024

A billion reasons to buy silver as gold joins the party

Gold prices surged to all-time highs this week, with the price breaking out above USD $2,150oz. The 5% rally in USD gold now sees the precious metal trading 18% higher than where it was one year ago, ...

08 March 2024

Gold vs Bitcoin, here we go again!

Precious metal prices have continued to trade in a narrow range over the last week, with gold edging to the upside, and again looking like it may push back above USD $2,050oz. The movements in gold ar...

01 March 2024

Precious metals steady as markets melt up!

Precious metal prices are essentially unchanged over the past month, with gold trading just above USD $2,000 and just below AUD $3,000oz. Silver is also flat, trading just below USD $23oz and AUD $35o...

23 February 2024

Precious metals bounce back as silver set to surge!

Precious metal prices moved sharply higher this week, with both gold and silver rallying by 2% in USD terms, with gold currently trading above USD $2,050oz. The move higher has occurred against a back...

02 February 2024

Silver: A once in a lifetime opportunity

Precious metal markets continued to confound investors in the last week, with gold at one point charging above USD $2,050oz and looking like it was set to break out.
It then abruptly changed co...

19 January 2024

Go for gold: The time is now

Gold and precious metal prices eased this week, falling by 1% and 2% respectively in USD terms. The price action is a continuation of a corrective or steadying period that dates back a month, after bo...

12 January 2024

Precious metals rock solid in 2023

With Christmas fast approaching and the New Year just over a week away, it looks like being another good year for the precious metal sector, with gold up 10% for the year so far....

22 December 2023

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