Gold & Silver Price AUD – Quick Commentary 18/04/2024
Current Prices: Gold USD 2367.27/oz (AUD 3676.21) And Silver USD 28.22/oz (AUD 43.84) Gold prices retreat as dimming rate cut expectations overshadow safe haven demand. Spot gold fell 0.91% trading near $US 2361 an ounce at the US close and silver rose by 0.38% trading near $US 28.20 an ounce. US share markets eased modestly on Wednesday as investors debated the likely timing of future rate cuts. Technology shares dragged on the broader market while utilities were higher. The Dow…
Gold & Silver Price AUD – Quick Commentary 17/04/2024
Current Prices: Gold USD 2383.70/oz (AUD 3718.50) And Silver USD 28.18/oz (AUD 43.95) Gold prices hold steady as geopolitical risks counter rate cut concerns. Spot gold was flat trading near $US 2382.54 an ounce at the US close and silver fell by 2.63% trading near $US 28 an ounce. In US share markets the Dow Jones index rose by 64 points or 0.2%, but the S&P 500 index dipped 0.2% and the Nasdaq index shed 20 points or 0.1%. US…
Gold & Silver Price AUD – Quick Commentary 16/04/2024
Current Prices: Gold USD 2381/oz (AUD 3697.19) And Silver USD 28.88/oz (AUD 44.84) Gold prices climbed on Monday due to safe-haven demand spurred by Middle East tensions. Spot gold rose by 1.67% trading near $US 2383.15 an ounce at the US close and silver jumped by 3.46% trading near $US 28.84 an ounce. US share markets fell on Monday. The Dow Jones index fell by 248 points or 0.7%, relinquishing an earlier advance of more than 1%. The S&P 500…
Gold & Silver Price AUD – Quick Commentary 12/04/2024
Current Prices: Gold USD 2376.71/oz (AUD 3633.66) And Silver USD 28.49/oz (AUD 43.56) Gold prices edge higher after softer US PPI data. Spot gold rose by 1.67% trading near $US 2372.14 an ounce at the US close and silver jumped by 1.82% trading near $US 28.42 an ounce. US share markets closed mostly higher on Thursday, rebounding from a steep sell-off, as softer-than-expected US producer prices data rekindled hopes that inflation remains in a cooling trend. The Dow Jones index…
Gold & Silver Price AUD – Quick Commentary 11/04/2024
Current Prices: Gold USD 2336.66/oz (AUD 3588.16) And Silver USD 27.92/oz (AUD 42.88) Gold prices slipped from record-high levels on Wednesday after hot US inflation data. Spot gold fell by 0.80% trading near $US 2333.26 an ounce at the US close and silver fell by 0.78% trading near $US 27.90 an ounce. US share markets tumbled on Wednesday after the hotter-than-expected US inflation data. Equities were further pressured by surging benchmark US 10-year Treasury yields, which breached 4.5% to touch…
Gold & Silver Price AUD – Quick Commentary 10/04/2024
Current Prices: Gold USD 2289.34/oz (AUD 3477.04) And Silver USD 26.85/oz (AUD 40.78) Gold prices extended their record run on Tuesday fuelled by buying momentum and geopolitical risks, while the spotlight shifted to the Federal Reserve’s policy meeting minutes and U.S. inflation data for insights into the U.S. rate cut timeline. Spot gold rose by 0.58% trading near $US 2552.10 an ounce at the US close and silver was up by 1.03% trading near $US 28.12 an ounce. US share…
Gold & Silver Price AUD – Quick Commentary 05/04/2024
Current Prices: Gold USD 2289.34/oz (AUD 3477.04) And Silver USD 26.85/oz (AUD 40.78) Gold prices took a breather on Thursday after hitting an all-time high earlier in the session on expectations for lower U.S. interest rates this year, as investors await more clarity on the timing of the cuts. Spot gold fell by 0.38% trading near $US 2290.73 an ounce at the US close and silver fell by 1% trading near $US 26.90 an ounce. US share markets fell, with…
Gold & Silver Price AUD – Quick Commentary 04/04/2024
Current Prices: Gold USD 2300.64/oz (AUD 3504.78) And Silver USD 27.18/oz (AUD 41.41) Gold prices raced to a record high yet again on Wednesday, after Federal Reserve Chair Jerome Powell reiterated that recent readings on job gains and higher-than-expected inflation do not materially change the overall picture of economic policy this year. Spot gold was up by 0.84% trading near $US 2299.53 an ounce at the US close and silver rose by 4% trading near $US 27.17 an ounce. US…
Gold & Silver Price AUD – Quick Commentary 03/04/2024
Current Prices: Gold USD 2282.26/oz (AUD 3502.69) And Silver USD 26.16/oz (AUD 40.16) Gold prices hit a new record high as traders snapped up the safe haven asset amid growing Middle East tensions, largely ignoring a still-strong dollar and tempered bets for U.S. rate cuts. Spot gold was up by 1.30% trading near $US 2280.40 an ounce at the US close and silver rose by 4.21% trading near $US 26.12 an ounce. US share markets fell on Tuesday. The Dow…
Gold & Silver Price AUD – Quick Commentary 02/04/2024
Current Prices: Gold USD 2252.02/oz (AUD 3473.46) And Silver USD 25.13/oz (AUD 38.75) Gold prices hit fresh all-time peaks on Monday as optimism that the Federal Reserve was near to cutting interest rates faded due to a strong U.S. economy that rebuts the need for cuts anytime soon. Spot gold was up by 0.83% trading near $US 2251 an ounce at the US close and silver rose by 0.53% trading near $US 25.10 an ounce. US share markets were mostly…