Gold prices pushed above USD $1300 per ounce overnight, continuing the strengthening trend in prices thats been in play since 2014 started.The yellow metal is...

Jordan Eliseo

The Perth Mint

Gold prices pushed above USD $1300 per ounce overnight, continuing the strengthening trend in prices thats been in play since 2014 started.The yellow metal is now up over $100 an ounce this year, with its more volatile cousin silver also performing well, currently sitting at USD $20.86 an ounce. In AUD terms, gold now fetches just shy of $1450 oz, as a weak jobs report in Australia which saw the unemployment rate reach a multi-year high of 6% saw some original depreciation in the local unit, although it's largely recovered. Overnight news from the United States on the economic front brought more disappointment, with unemployment claims rising to 339,000 in the past week, 8,000 higher than a week before. Alongside two very disappointing non-farm payroll reports to start the year, initial claims are again trending higher, potentially portending worse news to come on the employment front in the coming months. more details here (VIEW LINK)


Gold bull since early 2000. Have spent +20yrs working in investment analytics, research & portfolio construction. Author of two books on investing in gold and the causes of the GFC. Lover of markets, competition & technology

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