Silver and gold had a fairly good run this week starting with an explosive session for the former on Monday amid news of a more resistant COVID-19 strain. The metals pulled back on Tuesday before posting consecutive gains for the rest of the week except for Friday. Here’s the summary: Monday 21st Gold failed to
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Week in Review: Silver outperforms gold as both metals post price gains [14th to 18th December 2020]
The precious metals had a good run in the week leading to Christmas. Gold prices rallied to a four-week high, with silver scoring a five-week high as the week came to an end. Despite the upward trend, silver did not test $26 and neither did gold break $1900. Analysts believe the metals are getting support
Week In Review: Gold and silver post modest gains [7th to 11th Dec 2020]
Gold and silver markets looked sharp at the start of the week. Both metals displayed positive upside momentum for the larger part of the week, hitting a three-week high on Tuesday. The only significant dip was on Wednesday, and neither metal could get on a strong recovery path. Monday 7th Gold and silver were trading
Week In Review: Gold and silver shows signs of strength in a new month [30th Nov to 4th Dec 2020]
The precious metals kicked off the new months with three consecutive gains before gold’s price dipped at the end of the week. The daily gains pushed both metals’ prices up after a poor session at the start of the week. The weak US dollar, which hit a two and half year low on Wednesday, was
Meteroic Resources makes spectacular strike!
‘Spectacular’ is how Chairman Pat Burke described the intersections discovered at its recently acquired Palm Springs Gold Project located in the Kimberley region in Western Australia, when referring to recent drilling results, in the company’s 2020 annual report. The project contains some spectacular historical intercepts beneath the existing Butchers Creek open pit, including 68 metres at
Week In Review: Gold drops below $1,800 USD as Silver sees intense pressure [23rd to 27th Nov 2020]
A rally in the stock market and the positive vaccine news set off a price slump in Gold and Silver markets. Both metals struggled to recover after a poor start on Monday. The weak US dollar barely provided enough support to keep the metals afloat. Gold suffered the biggest dip hitting a five-month low as
Australian Gold and Copper IPO [ASX:AGC] : Divestment to attract investment
A $10m divestment by Magmatic Resources (ASX: MAG) of three gold projects located on the best exploration address in NSW, the Lachlan Fold Belt, is quickly gaining a lot of investor attention. The Lachlan Fold Belt is a 700km-long structure running from central NSW to eastern Victoria and all three projects have geological similarities to
Week In Review: Gold & Silver markets struggle amid growing news of Covid-19 vaccine [16th to 20th Nov 2020]
The precious metals grappled with staying afloat this week. Gold struggled to hit $1,900 but couldn’t go beyond its price on Monday. Silver had a similar development throughout the week as it saw investors giving it the cold shoulder. Analysts believe the price dip was a result of the upcoming rollout of Covid-19 vaccines. Although
Week In Review: Gold & Silver AUD markets continue benefiting from a weaker US dollar [9th to 13th Nov 2020]
Silver started the week well before dipping briefly in response to the positive coronavirus vaccine news. Although silver posted a couple of slums, its price stayed above the $24 level all week. Gold started off poorly but managed to recover as the week came to an end. The metal couldn’t, however, get past the $1900
Perth Mint November 2020 Release: AUSTRALIAN LUNAR SERIES III: 2021 Year of the OX
The Perth Mint has released another immaculate set of coins to commemorate the upcoming year of the Ox next year. The auspicious year brings with it an ancient myth of how the Ox become the second zodiac animal. As the myth goes the Jade Emperor decreed that the order of the animals that represent the
