Gold & Silver Price AUD – Market News 25/07/2024
Current Prices: Gold USD 2373/oz (AUD 3622.55) and Silver USD 27.91/oz (AUD 42.61) Gold Prices dived lower today during the Asian trading session, back to the $2,373 level. Some profit taking likely continuing after the recent rally of the past quarter. We also see China in somewhat of a sell everything moment, with property market woes and share markets hitting five month lows. Asian stocks fell sharply on Thursday, tracking an overnight rout on Wall Street as weak earnings from…
Gold & Silver Price AUD – Market News 19/07/2024
Current Prices: Gold USD 2421/oz (AUD 3614.20) and Silver USD 29.46/oz (AUD 43.96) Gold Prices dived lower in Friday’s Sydney trading session, back to the $2,421 level on the back of US dollar strength. Some profit taking after a recent rise above new all time highs in USD have started to gain momentum, with gold pulling back $53 per oz on Friday. US jobs data revealed by the US Bureau of Labor Statistics (BLS) showed that more people than expected…
Gold & Silver Price AUD – Market News 12/07/2024
Current Prices: Gold USD 2415/oz (AUD 3572 And Silver USD 31.45/oz (AUD 46.52) Gold Prices jumped higher in last night’s US trading session, back above the $2,400 level. Spot gold finsihed the session at $US 2415 an ounce silver closed at $US31.45 an ounce. Both metals rose higher on expected US rate cuts with the CME FedWatch Tool shows 85% odds for a quarter-point percentage rate cut in September, up from Wednesday’s 70% chances. US sharemarkets fell on Thursday, despite…
Gold & Silver Market – FY 24 Report
With the financial year coming to a close, we take a look back at the last twelve month’s performance across various asset classes and see how precious metals markets stacked up. The past year was saturated with headlines around artificial intelligence (A.I). The investment theme took hold across US equity markets, with Nvidia dominating the performance of large cap stocks, temporarily rising to the highest valuation of any US company. But is the A.I hype-train something akin to the…
Gold & Silver Price AUD – Market News 09/07/2024
Current Prices: Gold USD 2359/oz (AUD 3501 And Silver USD 30.75/oz (AUD 45.64) Gold Prices were slightly lower in after-hours trade on Monday. Spot gold was trading near $US 2359 an ounce at close and silver trading near $US30.75 an ounce. US sharemarkets were mixed on Monday. The Dow Jones index eased by 31 points or 0.1%, the S&P 500 index gained 5.7 points or 0.1% and the Nasdaq index rose 51 points or 0.3%. The modest moves reflected investor…
Gold & Silver Price AUD – Quick Commentary 05/07/2024
Current Prices: Gold USD 2356.74/oz (AUD 3504.66) And Silver USD 30.38/oz (AUD 45.18) Gold Price were flat in after-hours trade on Thursday. Spot gold was trading near $US 2356.75 an ounce at close and silver fell by 0.31% trading near $US30.40 an ounce. US share markets were closed on Thursday for the Independence Day holiday. US government bond markets were shut on Thursday, with no cash trading of US Treasuries. Currencies saw thin European & North American trade but generally…
Gold & Silver Price AUD – Quick Commentary 04/07/2024
Current Prices: Gold USD 2357.69/oz (AUD 3511.21) And Silver USD 30.52/oz (AUD 45.46) Gold Price rose to a near two-week high on Wednesday, driven by increased bets for a September interest rate cut by the Federal Reserve after recent U.S. data suggested that the labour market was softening. Spot gold rose by 1.16% trading near $US 2356 an ounce at close and silver jumped by 3.25% trading near $US30.47 an ounce. In US share markets in a holiday-shortened session, the…
Gold & Silver Price AUD – Quick Commentary 03/07/2024
Current Prices: Gold USD 2330.26/oz (AUD 3494.61) And Silver USD 29.59/oz (AUD 44.38) Gold Price Gold prices edged lower on Tuesday as Treasury yields held firm, while investors digested comments from Federal Reserve Chair Jerome Powell and looked forward to U.S. jobs data due later this week for more signals on U.S. interest rate cuts. Spot gold was down by 0.10% trading near $US 2329 an ounce at close and silver jumped by 0.30% trading near $US29.51 an ounce. In…
Gold & Silver Price AUD – Quick Commentary 02/07/2024
Current Prices: Gold USD 2333.59/oz (AUD 3507.12) And Silver USD 29.48/oz (AUD 44.31) Gold Price edged higher on Monday, buoyed by some short covering from investors with focus turning to U.S. jobs data due later this week that could offer more cues around interest rate cuts by the Federal Reserve. Spot gold was up by 0.21% trading near $US 2331.26 an ounce at close and silver jumped by 1.03% trading near $US29.43 an ounce. US share markets started July on…
Gold & Silver Price AUD – Quick Commentary 01/07/2024
Current Prices: Gold USD 2325.50/oz (AUD 3482.67) And Silver USD 29.14/oz (AUD 43.63) Gold Price steadied on Friday and was headed for a third straight quarterly gain after a key U.S. inflation report was broadly in line with expectations, boosting hopes that the Federal Reserve could cut interest rates by September. Spot gold was flat trading near $US 2326.41 an ounce at close and silver rose by 0.59% trading near $US29.12 an ounce. Gold is also flat over the monthly…