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Latest Market Updates
Current Prices: Gold USD 3186.86/oz (AUD 4959.73) and Silver USD 32.20/oz (AUD 50.14) Gold prices dropped on Wednesday, hitting an over one-month low, as rising trade optimism boosted risk appetite, leading investors to shift their focus away from bullion. Spot gold fell by 2.23%, trading at US3177.51 per ounce, and silver slipped by 2.07%, trading near US32.21 an ounce at the US close. U.S. share markets were mixed on Wednesday. The Dow Jones index fell by 89 points or 0.2%,…
Current Prices: Gold USD 3254.63/oz (AUD 5027.00 ) and Silver USD 32.93/oz (AUD 50.87) Gold prices rose on Tuesday on bargain-hunting after a sharp loss in the previous day, while softer-than-expected inflation data from the U.S. also lent support. Spot gold rose by 0.47%, trading at US3254.55 per ounce, and silver jumped by 0.94%, trading near US32.89 an ounce at the US close. US share markets were mixed on Tuesday. The Dow fell by 270 points, or 0.6%, but the…
Current Prices: Gold USD 3237.33/oz (AUD 5077.14 ) and Silver USD 32.59/oz (AUD 51.14) Gold prices fell 3% on Monday as risk sentiment crept in following the announcement of a temporary deal between the United States and China to reduce tariffs. Spot gold dropped by 2.73%, trading at US3234.86 per oz, and silver fell by 0.40%, trading near US32.59 an ounce at the US close. US share markets rallied sharply on Monday as a US-China agreement to temporarily slash tariffs.…
Current Prices: Gold USD 3280.63/oz (AUD 5106.45 ) and Silver USD 32.62/oz (AUD 50.80) Gold prices rose over 1% on Friday as the dollar ticked lower, while the market digested comments on tariffs from U.S. President Donald Trump ahead of a weekend meeting between the U.S. and China. Spot gold rose by 0.59%, trading at US3325.60 per oz, and silver increased 0.84%, trading near $US32.72 an ounce at the US close. Over the week, gold is up by 2.61% and…
Current Prices: Gold USD 3315.72/oz (AUD 5183.23 ) and Silver USD 32.44/oz (AUD 50.74) Gold prices extended losses and fell more than 1% on Thursday after U.S. President Donald Trump announced a trade deal with the United Kingdom, raising hopes of such deals with other countries. Spot gold fell by 1.74%, trading at US3305.93 per oz, and silver was flat, trading near $US32.45 an ounce at the US close. US share markets rose on Thursday, boosted by optimism over a…
Current Prices: Gold USD 3372.52/oz (AUD 5247.40 ) and Silver USD 32.44/oz (AUD 50.47) Gold prices extended losses on Wednesday, weighed by a stronger dollar and easing China-U.S. trade tensions, while traders were left dissatisfied by Federal Reserve Chair Jerome Powell's cautious remarks on the U.S. economy. Spot gold fell by 1.93%, trading at US3364.37 per oz, and silver also fell by 2.29% and was trading near $US32.45 an ounce at the US close. US share markets ended higher on…
Current Prices: Gold USD 3394.24/oz (AUD 5216.84 ) and Silver USD 33.07/oz (AUD 50.87) Gold prices rose to a two-week high on Tuesday, supported by post-holiday buying from China and concerns over potential U.S. tariffs on pharmaceutical imports, while investors await the outcome of the Federal Reserve’s policy meeting. Spot gold rose by 2.90%, trading at US3430.43 per oz, and silver was up by 2.28% and was trading near $US33.21 an ounce at the US close. US sharemarkets declined on…
Current Prices: Gold USD 3337.35/oz (AUD 5192.78 ) and Silver USD 33.10/oz (AUD 51.52) Gold prices reversed course to edge higher on Monday as bargain-hunting kicked in, while market focus was on U.S.-China trade developments and a slew of economic data. Spot gold rose by 0.75%, trading at US3344.06 per oz. Silver were up slightly by 0.15% and was trading near $US33.14 an ounce at the US close. US sharemarkets ended mixed on Monday. At its lowest the S&P 500 was…
Current Prices: Gold USD 3299.45/oz (AUD 5171.01 ) and Silver USD 32.88/oz (AUD 51.56) Gold prices fell on Friday and were on track for a weekly dip as the dollar rose and signs of easing U.S.-China trade tensions after a report that Beijing had exempted some U.S. goods from its tariffs weighed on bullion. Spot gold fell 0.80%, trading at US3319.29 per oz. Silver fell by 1.42% and was trading near $US33.09 an ounce at the US close. Over the…
Current Prices: Gold USD 3351.69/oz (AUD 5256.91 ) and Silver USD 32.90/oz (AUD 52.56) Gold prices extended their record run on Wednesday to breach $3,300 per ounce, as a weaker dollar and escalating U.S.-China trade tensions pushed investors towards the safe-haven asset. Spot gold rose 3.53%, trading at US3343.08 per oz. Silver jumped by 1.38% and was trading near $US32.74 an ounce at the US close. US share markets ended sharply lower on Wednesday after Powell said the Fed will take a…
Current Prices: Gold USD 3245.14/oz (AUD 5120.37 ) and Silver USD 32.29/oz (AUD 51.01) Gold prices gained on Tuesday, helped by safe-haven demand as U.S. President Donald Trump's uncertain tariff plans kept investors on edge, while an overall weaker dollar also lent support. Spot gold rose 0.59%, trading at US$3229.24 per oz. Silver slipped by 0.12% and was trading near $US32.30 an ounce at the US close. US share markets fell on Tuesday as tariff-related headlines continued to whipsaw investment…
Current Prices: Gold USD 3211.97/oz (AUD 5084.95 ) and Silver USD 32.29/oz (AUD 51.14) Gold prices dipped on Monday, retreating from a record high hit earlier in the day, as risk appetite improved after the White House exempted smartphones and computers from steep tariffs on China. Spot gold fell 0.84%, trading at US$3213.24 per oz. Silver increased by 0.17% and was trading near $US32.33 an ounce at the US close. US share markets ended higher on Monday as tariff exemptions saw benchmarks…
Bullion Education
Gold prices have reached unprecedented levels, with spot gold trading at approximately US$2,900 per ounce in February, marking a near 10% increase year-to-date return. This surge follows a 27% rise in 2024, underscoring gold's enduring appeal as a safe-haven asset. But after such a stellar year in 2024, what’s in store for gold this year? This report delves into the multifaceted factors contributing to this upward trajectory, examining demand dynamics across various markets. We will try to cover everything you…
Many precious metal investors have a preference of investing in silver over gold, under the assumption that they will see a better return in coming years. In this blog we outline the top 5 reasons why investors may choose to buy silver over gold. Silver and gold prices tend to have quite a strong correlation, but one metal can outperform the other in given years by quite some margin. Both metals tend to be influenced by US dollar strength or…
When it comes to investing in physical precious metals, such as gold and silver, investors often face the decision of whether to acquire bullion bars or coins. Both options offer unique advantages and considerations. In this article, we will explore the differences between physical bullion bars and coins, examining their characteristics, benefits, and potential drawbacks. There are several types of physical Bullion available for retail investors to purchase. Cast Bars: are made by pouring molten into a mould and then…
Gold and silver price AUD analysis and economic commentary
Keep up to date on the latest news around gold and silver price movements, economic commentary and geopolitical events. You can subscribe to receive our updates via email by subscribing to our weekly market updates email list.
There are many economic factors that influence gold and silver prices. Supply and demand fundamentals, inflation, interest rates and geopolitical invents will often be big factors driving the gold market. In our regular market updates we try to cover education around recent movements across the precious metals space, with a balanced long-term focus on fundamentals.
Some short-term technical analysis of gold and silver price AUD charts can be used to identify areas of support and resistance, as well as moments where the silver or gold market hits and oversold or overbought level. We hope to provide some clarity behind recent price movements with a balanced view.
EOFY 24 SPOT PRICES (30/06/2024)
Gold (AUD) : $3485.01 per troy ounce
Silver (AUD) : $43.65 per troy ounce
Platinum (AUD) : $1,523.48 per troy ounce
Palladium (AUD) : $1,563.85 per troy ounce
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