The Perth Mint's Jordan Eliseo reflects on the month of during February 2022 and how the current geopolitical risks impact the precious metals market.
Gold records annual fall despite December rally
Despite the small rally, gold experienced a 4% decline in US dollar terms, its first calendar year decline since 2018.
Perth Mint gold sales soar during November
Gold prices rose during November, though the ride was volatile, with the precious metal trading in a more than USD 100 per oz range.
Roller coaster ride for gold as Biden backs Powell
Gold prices were volatile in November, rising toward USD 1,900 per troy ounce (oz) early in the month, as official inflation rates in the United States topped 6% year on year.
Gold rallies but can’t clear key price level
Precious metal prices rallied in October as inflation fears rose to the top of the risk factors investors are watching.
Perth Mint ETF holdings hit all-time highs in October
Precious metal prices rallied during October, led by silver, which was up by more than 10% in US dollar terms.
Bargain hunters scoop up bullion as gold and silver sales rise
A stronger US dollar, a rise in bond yields, and an increased likelihood of a taper from the US Federal Reserve, all contributed to the September sell-off.
Inflation fails to boost gold as precious metals fall
The Perth Mint reports precious metal prices suffered one of their largest monthly falls on record, with gold (-4.0%), silver (-10.5%), and platinum (-3.8%) falling sharply in US dollar terms.
Gold sales ease during volatile markets
The Perth Mint sold 53,976 troy ounces of gold and 1,467,229 troy ounces of silver in minted product form during August.
Volatile month for precious metals as gold turns 50
The Perth Mint reports gold prices showed heightened volatility during August, with a large sell off early in the month followed by a recovery to above USD 1,800 per troy ounce.