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

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

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

The haven metals traded at moderately low prices this week. Risk appetite took an upswing especially late in the week as indicated by global stocks markets that saw an upswing at the end of the trading week. Although daily equities market volatility picked up, it couldn’t quite shake the marketplace. Keeping in mind, it is

Gold and silver saw strong price rebounds this week following Fed Chair Jerome Powell’s announcement.  The Fed introduced a new policy that would allow inflations running above the 2% mark.   Although the news created a favourable ground for both metals, gold didn’t respond as most traders expected. The precious metal rallied to a new

The rapid movement of the US dollar this week has put some pressure on both gold and silver. The precious metals temporarily recovered from their lows as a result of investors wanting to buy the pull-back. Silver and gold prices went back and forth during the week, with silver almost managing the $28 mark. The

After the phenomenal runs witnessed last week, price correction of gold and silver kicked in.  Both precious metals had similar price patterns this week- starting on a high note and falling midweek before getting on an upward trajectory as the week came to an end. Some experts labelled the correction ‘overdue’ pointing that the gold

Although gold and silver soared last week, with gold to a record new high, they both declined as the week came to an end. Gold surpassed the $2000 USD ($2794.08 AUD) price last week, and set new records for Gold in both USD and AUD. Silver prices, which have been proven to rise tremendously in

Switzerland is known for producing quality products, if its Swiss made then you expect it to be the best thing in the world. There is are Swiss watches, Swiss cheese, Swiss chocolate and Swiss gold. A lot of people don’t know that gold is the biggest export product in Switzerland but it has been since the 1970s.