Gold prices ended the week with a record close above $2,000 for the first time ever, marking an important milestone for the precious metal. In this weekly forecast, we’ll explore the factors that contributed to this achievement and the events…
Gold Spot Price $AU2994 Silver Spot Price $AU37.14 Platinum Spot Price $AU1524 Last night Gold and Silver punched through their resting points, with Gold up 1.8% and Silver up 4.2% in the last 24 hours. Silver was the best performer…
On the back of another rate rise and numerous banking woes, the markets have recovered and jumped upwards in the past week. The US500 started out at 3950 and is now sitting comfortably at 4054 at the time of writing.…
Silver prices have been on the rise recently, with the XAG/USD trading at new monthly highs above $24.00 a troy ounce. Despite the rising value of the US Dollar, market sentiment continues to be the main driver in the session,…
Spot pricing for Gold $AU2942 Spot pricing for Silver $AU34.87 Spot pricing for Platinum $AU1454 On the back of last week’s Credit Suisse failure, we are now seeing worrying signs from the Deutsche Bank and other European banks. Deutsche Bank’s…
The FED announced yet another rate rise on Wednesday this week, lifting the base rate from 4.75% to 5%; the highest in nearly 16 years. On the back of multiple bank failures, declining manufacturing data and a plethora of other…
Gold Spot Price $AU2907 Silver Spot Price $AU33.69 Platinum Spot Price $AU1,474 Market News Highlights Another extremely volatile week again on the back of additional banking news, specifically from Credit Suisse. A seemingly timeless bank is now no more. This…
Highlights: Changing economic conditions strongly influenced precious metal performance in mid-late March, which has resulted in price movements going against initial Q1 performance and countering predictions made by many analysts at the start of the year. Looking Back to February…
Last week we perfectly picked the storm that saw the US500 and ASX200 plummet. This week sees markets still in recovery amidst multiple US bank failures and notices of weakness from other banks worldwide. We also saw additional data coming…
Credit Suisse Group’s stock suffered a record-breaking 30% plunge, leading to a subsequent decision to take a $54 billion lifeline from Switzerland’s central bank. This news comes after the bank’s announcement of “material weaknesses” in its 2021 and 2022 financial…
Gold Spot Price $AU2847.08 Silver Spot Price $AU32.44 Platinum Spot Price $AU1,475.81 Market news highlights On the back of the extraordinary news of bank failures in the United States (Silicon Valley Bank, Signature Bank, Silvergate Bank), Gold and Silver have…
The collapse of Silicon Valley Bank (SVB) has sent shockwaves through the financial world, with the US and Australian share markets plummeting in response. The bank’s failure has raised concerns over the stability of the broader financial system, as investors…
Jaggards Weekly Market Analysis and Gold Price Forecast Gold Spot Price – AU$2779.75 Silver Spot Price – AU$30.47 Platinum Spot Price – AU$1437.27 News around consumer credit, factory orders, job openings and jobless claims (coming today) have strengthened the US…
Gold Spot Price $AU2,749.67 Silver Spot Price $AU30.50 Platinum Spot Price $AU1,421.18 Market news highlights Gold (XAU/USD) plummeted more than 2%, currently settling around US$1812 per ounce, as Fed Chair Powell revealed a more aggressive stance during a Congressional hearing.…
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