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…