Current Prices:
Current Prices: Gold USD 2355.61/oz (AUD 3556.34) And Silver USD 28.61/oz (AUD 43.19)
Gold Overnight Performance:
Gold price regains ground as dollar, yields slip post US PPI data. Spot gold rose by 0.94% trading near $US 2357.58 an ounce at the US close and silver jumped 1.48% trading near $US28.60 an ounce.
US Share Markets:
In US sharemarkets the Dow Jones index rose by 127 points or 0.3%, the S&P 500 index gained 0.5% and the Nasdaq index added 123 points or 0.8% to a record closing high.
Bond Market Activity:
US government bond yields fell on Tuesday ahead of a highly anticipated consumer price inflation report. The US 10-year Treasury yield fell by 4 points to 4.44% and the US 2-year Treasury yield also dipped 4 points to 4.82%.
Currency Moves:
Currencies were stronger against the US dollar in European and US trade. The Aussie dollar lifted from US65.90 cents to US66.27 cents and was near US66.25 cents at the US close.
Economic Data:
In US economic data, the producer price index (PPI) rose 0.5% in April (survey: +0.3%). The annual growth rate lifted from 1.8% to 2.2% (survey: 2.2%). The NFIB small business optimism index rose from 88.5 to 89.7 in April (survey: 88.2).
Australian gold prices rose by 0.64% (+$22.78 per oz) to AUD 3558.06 at the US close.
Australian silver prices rose by 1.17% (+$0.49 per oz) to AUD 43.17 at the US close.
The current Gold and Silver Ratio is 82.34
Current AUD/USD is 0.66232
Gold (Yellow) vs Silver (White) vs ASX200 (Green) YTD Returns
Gold (Yellow) vs Silver (White) vs ASX200 (Green) Rolling 12 Month Returns
To follow our market commentary and more, create a free trading account online HERE.
By: William Tao
Guardian Gold Precious Metal Analyst
Featured Product
Follow Us On Socials
Disclaimers: Guardian Gold, Registered Office, Scottish House, 100 William Street, Melbourne, Victoria, 3000. ACN 138618176 (“Guardian Vaults” & “Guardian Gold”) All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited without written permission from the publisher and/or the author. Information contained herein is believed to be reliable, but its accuracy cannot be guaranteed. It is not designed to meet your personal situation. Guardian Gold, its officers, agents, representatives and employees do not hold an Australian Financial Services License (AFSL), are not an authorised representative of an AFSL and otherwise are not qualified to provide you with advice of any kind in relation to financial products. If you require advice about a financial product, you should contact a properly licensed or authorised financial advisor. The information is indicative and general in nature only and is prepared for information purposes only and does not purport to contain all matters relevant to any particular investment. Subject to any terms implied by law and which cannot be excluded, Guardian Gold, shall not be liable for any errors, omissions, defects or misrepresentations (including by reasons of negligence, negligent misstatement or otherwise) or for any loss or damage (direct or indirect) suffered by persons who use or rely on such information. The opinions expressed herein are those of the publisher and/or the author and may not be representative of the opinions of Guardian Gold, its officers, agents, representatives and employees. Such information does not take into account the particular circumstances, investment objectives and needs for investment of any person, or purport to be comprehensive or constitute investment or financial product advice and should not be relied upon as such. Past performance is not indicative of future results. Due to various factors, including changing market conditions and/or laws the content may no longer be reflective of current opinions or positions. You should seek professional advice before you decide to invest or consider any action based on the information provided. If you do not agree with any of the above disclaimers, you should immediately cease viewing or making use of any of the information provided.