Price Update
Gold has enjoyed a stellar rise in 2024 and many analysts believe the party is not over. When adjusted for inflation, the price of gold has still not hit an all time high even as it currently trades at $4,011.96, with silver at $47.61 and platinum at $1502.66. For the Australian investor, breaking the $4,000 […]...
Iran’s recent missile attack recently broke through Israel’s “Iron Dome” affecting markets around the world. The geopolitical conflict in the Middle East has driven Western investors to the traditionally safe United States Dollar. As investors exit high risk investment and flock to the safety of the dollar the value of the USD increases; however, the […]...
Despite recent geopolitical upheaval covered in our last article, Geopolitical Conflict Presents Opportunity, and rising concerns of a tightening gold to WTI Crude Oil ratio, precious metals are still set to enter a commodities boom. With gold trading at $3,878.48 (representing a 0.1% move to the down side over 24 hours), silver at $42.75, and […]...
The recent downturn in Precious Metals overnight gives evidence that “something is rotten in the State of Denmark,” as Shakespeare so eloquently phrased it, meaning that something does not match! At the time of writing Gold trades at $3,862.51, Silver at $45.50, and Platinum at $1,440.68, indicating a pull back over the last 5 days. […]...
In a notable market update this week, gold prices soared by 2.7% to reach USD $2,672.07 (AUD $3877.08) per troy ounce, while silver experienced an even more robust increase of 6%, now priced at USD $31.96 (AUD $46.37) per ounce. This surge can be attributed to the U.S. Federal Reserve’s recent decision to cut interest […]...
