The precious metals posted massive gains at the end of the week despite some back and forth movement early in the week. The falling US dollar was the most notable driving force for the price rallying amid ongoing political turmoil in the US. Gold’s price trend seemingly suggests a new multi-month advance. Industry experts believe
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Week In Review: Gold, silver prices plunge [26th to 30th Oct 2020]
The prices of the precious metals fell this week and despite a late upside momentum as the week came to an end, they couldn’t recover. Gold dipped below its key $1,900 level as silver struggled to stay above the $24 level. Market analysts attributed the slump mainly to the expiration of futures contracts. The price
Week In Review: Gold, silver prices lose momentum as the week ends [19th to 23rd Oct 2020]
It was another one of those weeks where gold and silver gained upward momentum at the start of the week but tumbled at the end. The prices of the metals were mainly influenced by the movement of the US dollar. No price surprises were witnessed this week as gold traded around the $1,900 mark and
Week In Review: Gold, silver see good rebounds before dipping [12th to 16th Oct 2020]
Gold and silver gained at mid-week but couldn’t stay the course. Both metals posted their highest prices this week on Monday and could not reach the same levels throughout the week. Brief recoveries during the midweek helped keep the precious metals afloat. Summary Monday 12th, 2020 Both metals had a solid start, with gold trading
Week In Review: Gold and silver post solid price gains [5th Oct – 9th Oct]
The precious metals market was an active one this week. After a fairly good start and dip during the week, both metals picked momentum towards the end. The metals traded at higher prices on Friday than they had on any other day. It was a week where the US vice-presidential candidates had a debate and
Perth Mint Precious Metal Collectors Coin Release [October 2020]
New Coin Releases by the Perth Mint The Perth Mint is well known for its high grade, high quality gold and silver coins since it was established on 22 June 1899. Up to this current day, the Perth Mint has managed to maintain an impeccable track record within the spectrum of gold coin, silver coin
Siren Gold (ASX:SNG) ASX debut [8th October 2020]
Siren Gold shares began trading at 45 cents on October 7th, after a much anticipated and successful capital raising at 25 cents in September 2020. The company raised the capital for the purpose of acquiring, exploring and developing gold projects in New Zealand. Siren is headquartered in Perth, Western Australia. Siren’s IPO of 40 million
Week In Review: Gold & silver struggle as experts foresee the end of correction [28th Sep to 02nd Oct 2020]
The precious metals struggled to get to the right track after a poor start. The news about the US President Donald Trump testing positive for COVID-19 provided some support, but the impact was little as the US dollar strengthened against other currencies. Gold moved to $1900 at the end of the week as Silver managed
Week In Review: Gold and silver see the worst week since March [21st Sep to 25th Sep 2020]
The rising US dollar dented gold and silver prices this week resulting in the worst run for the precious metals since March when the pandemic ravaged the markets. The demand for gold significantly went down due to the appreciating dollar. Silver, on the other hand, posted a massive slump making the metal’s market almost collapse
Week In Review: Gold holds relatively steady as silver dances around a consistent level [14th Sep to 18th Sep 2020]
The price of precious metals this week remained relatively flat. Silver prices went back and forth during the week but remained around the $27 mark for the larger part. Gold saw a few movements as investors sought to react to the Fed’s monetary policy decision that was set for Wednesday. Monday 14th September 2020 Gold
