Current Prices: Gold USD 2004.20/oz (AUD 3047.19) And Silver USD 23.03/oz (AUD 35.06) Gold prices retreated on Friday as the dollar and treasury yields strengthened after the jobs data. Spot gold fell by 1.2% trading near $US2003 per oz at the US close. Gold fell 3.6% over the week, the worst week in ten. Silver lost 3.35% trading near $US 23 per ounce, eyeing its worst week since October 2022. US share markets advanced on Friday with the Dow Jones…

Current Prices: Gold USD 2028.90.40/oz (AUD 3074.28) And Silver USD 23.81/oz (AUD 36.10) Gold prices firmed on Thursday on a weaker dollar in the run-up to U.S. non-farm payrolls data. Spot gold edged higher by 0.3% trading near $US2029 per oz at the US close. Silver however fell 0.4% trading near $US 23.80 per ounce. US share markets advanced on Thursday, With less than an hour left of trade, the Dow Jones index is up by 70 points or 0.2%,…

Current Prices: Gold USD 2027.40/oz (AUD 3094.45) And Silver USD 23.94/oz (AUD 36.55) Gold prices firmed on Wednesday as Treasury yields eased, stabilizing after a rapid retreat from a record high hit earlier this week. Spot gold rose by 0.4% trading near $US2027 per oz at the US close. Silver fell 0.9% trading near $US 23.92 per ounce. US share markets were mixed on Wednesday. After climbing in the immediate aftermath of data showing a gradual cooling in the US…

Current Prices: Gold USD 2019.88/oz (AUD 3082.62) And Silver USD 24.21/oz (AUD 36.93) Gold prices slipped on Tuesday after grazing an all-time high in the previous session as the dollar regained. Gold had climbed to a record high of $2,135.40 on Monday, before dropping more than $100 in a single day to close over 2% lower. Spot gold last night fell 0.5% trading near 2019 per oz at the US close. Silver fell 1.47% trading near $US 24.13 per ounce….

Current Prices: Gold USD 2030.03/oz (AUD 3066.39) And Silver USD 24.52/oz (AUD 37.07) Gold prices fell after hitting an all-time high on Monday. Spot gold slipped 2.1% to $2,026.69 per ounce at the close. Prices swung in a wide $115 range but were finally headed for its worst day since February. Silver also fell 3.8% trading near $US 24.50 per ounce, worst day in two months after hitting a seven-month peak earlier in the session. US share markets fell on…

Current Prices: Gold USD 2072.30/oz (AUD 3107.37) And Silver USD 25.50/oz (AUD 38.24) Gold prices rallied to an all-time high on Friday after the remarks from Federal Reserve Chair Jerome Powell. Spot Gold climbed almost 1.8% trading near $US 2072 an ounce at the US close. Gold jumped 4.3% over the week. Silver also rallied 0.9% trading near $US 25.47 per ounce, set for a third consecutive weekly rise. In US share markets the Dow Jones index rose by 295…

Metals To Outperform ASX in 2023 The end of 2023 is fast approaching. With less than one month to go, it seems very likely we’ll see an outperformance from gold and silver for local investors this year. The ASX 200 index is up by just over 2% year-to-date, with inflation adjusted returns in the negative, as Australia’s inflation rate tracks over 5%. 2023 posed a difficult year to navigate financial markets, with the significant interest rate rises leading to weak…

Current Prices: Gold USD 2044.80/oz (AUD 3088.41) And Silver USD 25.03/oz (AUD 37.82) Gold prices firmed near its highest in about seven months on Wednesday. Spot Gold was up 0.1% trading near $US 2044 an ounce at the US close. Silver fell 0.1% trading near $US 24.99 per ounce. US share markets edged higher on Wednesday. With less than an hour left of trade, the Dow Jones index was up by 13 points, the S&P 500 index gained 0.1% and…

Current Prices: Gold USD 2042.09/oz (AUD 3068.55) And Silver USD 25.08/oz (AUD 37.67) Gold prices rose for a fourth consecutive session on Tuesday and hit a more than six-month high driven by a retreating dollar. Spot Gold gained 1.4% trading near $US 2041 an ounce at the US close. Silver jumped 1.5% trading near $US 25 per ounce. US share markets rose on Tuesday. Data showing a rise in consumer confidence in November after three straight monthly declines also helped…

Current Prices: Gold USD 2013.94/oz (AUD 3048.79) And Silver USD 24.66/oz (AUD 37.33) Gold prices hit a six-month high on Monday as a softer dollar and expectations of a pause in the Federal Reserve’s monetary tightening helped bullion consolidate above the key $2,000 an ounce level. Spot Gold gained 0.5% trading near $US2012 an ounce at the US close. Silver jumped 1.4% trading near $24.62 per ounce. US share markets edged lower on Monday ahead of a key US inflation…