Records Keep Tumbling as Bullion Surges
07 February 2025
In This Week's Market Update:
The precious metal bull market has kicked into higher gear this week, with gold and silver now trading above AUD $4,500 and AUD $51.50 per troy ounce respectively.
Unsurprisingly, the spike in prices, and the economic backdrop in which it has occurred, has led to a notable uptick in turnover at ABC Bullion, as well as new account creations, with more and more investors deciding 2025 is the year to add bullion to their portfolio.
Recent price movements in the precious metal market were discussed in this just released Pod of Gold; “Gold’s Record High, Trump’s Tarriffs, and the Global Market Fallout”, featuring ABC Refinery’s Global Head of Institutional Markets, Nicholas Frappell.
The podcast is a must listen, covering a range of topics, including:
00:00 – Introduction: Gold’s wild start to 2025
01:33 – Market Reaction: Short-term borrowing rates and spot market shifts
02:30 – Trump’s Tariffs: The impact on gold, silver, and global trade
05:17 – Gold Spot: All time high.
06:20 – Managed Money Positioning: How traders are adjusting to volatility
07:45 – Gold prices ‘Stronger for longer’ and ‘Fixation on gold reaching US $3,000’.
09:30 – Currency conversation: What are the impacts on gold and currencies during a trade war?