Silver ended the year strongly, outperforming gold. The gold silver ratio ended December at 76 after touching a year low of 75 early month.
Gold leaps on world tensions
Gold prices have started 2020 on a strong footing, with the yellow metal rallying beyond USD 1,600 and AUD 2,300 per troy ounce.
All-time highs in equities drive November gold pull back
Gold remained range-bound, consolidating gains seen over the past 12 months, with the yellow metal still up by almost 20% in USD and 30% in AUD terms in the year to end November.
Metals rally as Federal Reserve eases again
Precious metal prices rallied in October, led by silver which rose by more than 6.5% in US dollar terms
Metals pull back after strong rally
A widely anticipated interest rate cut by the Federal Reserve wasn’t enough to stop precious metal prices from easing in September, with the price of gold falling back below AUD 2,200 and USD 1,500 per troy ounce.
Who owns the world’s gold?
The estimated market value of all the gold ever mined, just over 190,000 tonnes, based on an end of August 2019 gold price of USD 1,528.40 per troy ounce.
Precious metal prices continue to climb
August was another solid month for precious metal investors, with the price of gold rising by just over 7.5% in USD terms.
Why central banks are buying more gold
Central banks are major players in the global gold market owning more than 33,000 tonnes of gold -- the equivalent of 17% of all gold ever mined.
Inflows into ASX-listed PMGold hit record highs
The price of gold in Australian dollars rose by 4% in July 2019, closing the month at AUD 2,065 per troy ounce.
The dramatic rise of gold since 1971
In this blog we look at what has moved the gold price since the pivotal year of 1971.