Current Prices: Gold USD 2042.09/oz (AUD 3068.55) And Silver USD 25.08/oz (AUD 37.67)
Gold prices rose for a fourth consecutive session on Tuesday and hit a more than six-month high driven by a retreating dollar. Spot Gold gained 1.4% trading near $US 2041 an ounce at the US close. Silver jumped 1.5% trading near $US 25 per ounce.
US share markets rose on Tuesday. Data showing a rise in consumer confidence in November after three straight monthly declines also helped lift market sentiment. With an hour left of trade, the Dow Jones index was up by 96 points or 0.3%, the S&P 500 index gained 0.1% and the Nasdaq index added 14 points or 0.1%.
US government bond yields fell on Tuesday, Fed policymakers look increasingly comfortable closing out the year with interest rates on hold. The US Treasury sold $US39 billion of 7-year notes at a yield of 4.399% into weak demand. The US 10-year Treasury yield dipped 5 points to 4.34%. And the US 2-year Treasury yield slid 15 points to 4.74%.
Currencies were stronger against the US dollar in European and US trade. The Aussie dollar lifted from US65.95 cents to US66.64 cents and was near US66.50 cents in late US trade.
In US economic data, the FHFA house price index lifted 0.6% in September (survey: +0.5%). The S&P Case-Shiller 20-city home price index gained 0.7% in September (survey: + 0.8%). The Conference Board consumer confidence index rose from 99.1 to 102 in November (survey: 101). The Richmond Fed manufacturing index fell from +3 to -5 in November (survey: +1).
Australian gold prices rose by 0.76% ($23.23 per oz) to AUD 3071.85 at the US close.
Australian silver prices jumped 0.97% ($0.36 per oz) to AUD 37.66 at the US close.
The current Gold and Silver USD Ratio is 81.54
Current AUD/USD is 0.66561
Gold Price in AUD Chart
Silver Price in AUD Chart
Silver Price in AUD Chart
Gold (Yellow) vs Silver (White) vs ASX200 (Green) YTD Returns
Gold (Yellow) vs Silver (White) vs ASX200 (Green) YTD Returns
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