20/04/2026 08:46

Gold ($US/oz)

Golds initial plunge this year was due to crowded and complacent positioning and this extreme overbought condition is why the precious metal remains well below its January high. While we believe the washout in gold & silver is largely behind us, they will be driven largely by bond yields in the coming months, i.e. when oil prices retreat gold should rise - not the case this morning with gold down ~US$46 @ $US4784 (8.25am Sydney time).

Read more

09/03/2026 09:31

Gold ($US/oz)

Gold bounced on Friday after the weak US jobs report, but the precious metal has struggled in recent sessions as rising inflation fears and a more hawkish tone in global bond markets outweigh safe-haven demand linked to the Iran conflict.

Read more

05/03/2026 09:22

Gold ($US/oz)

Gold bounced +0.8% overnight but closed well off its highs as sellers into strength reemerged in precious metals. Similarly gold miners in the US opened strongly before surrendering most of their gains to finish marginally higher. A few months oscillating around the $US5,000 area is our preferred scenario for gold, with a strong possibility of a spike down towards the $US4,200-$US4,400 area.

Read more

23/12/2025 09:12

Gold Spot ($US/oz)

Gold has largely followed MM’s roadmap through 2025 and if we are correct this current surge above $US4,400 is a short-term “blow off” before we see some consolidation between $US4000 and $4500 - note we’ve had the chart below in place for months. Gold and silver surged to all-time highs overnight as bets on further Fed rate cuts added momentum to their best annual performance in over 40-years.

Read more

08/09/2025 09:00

Gold Spot ($US/oz)

Gold is enjoying a historic rally, surging above $3,500 an ounce after climbing in eight of the past nine trading sessions. The metal is up almost 40% in 2025, its strongest annual performance since 1978, fuelling massive inflows into gold ETFs, including $11.3 billion into SPDR Gold Shares (GLD) and $6.6 billion into iShares Gold Trust (IAU).

Read more

16/06/2025 09:41

Gold ($US/oz)

As would be expected, gold spiked after Israel conducted airstrikes as its safe haven status came to the fore. The precious metal climbed as much as 1.8% before paring some gains, similar to oil. Israeli Prime Minister Benjamin Netanyahu said the operation would continue until the “threat” was removed, and the conflict and war of words escalated.

Read more

02/04/2025 09:34

Gold Futures ($A/oz)

Gold popped above $A5,000/oz in the last 24 hours; it feels like only yesterday we were considering the precious metal as it approached $A4,000.

Read more

19/02/2025 09:36

Gold Spot ($US/oz)

Gold powered up over $US50/oz overnight, taking it within striking distance of another fresh all-time high.

Read more

17/02/2025 09:22

Gold ($US/oz)

Gold reversed $US60 lower last week after hitting new highs, which aligns with our roadmap through 2025. As we said last week, “We couldn’t go short gold as it pushes to fresh highs, but the next 10-15% move feels like a coin toss following substantial gains over the last 2 years”.

Read more

13/02/2025 09:27

Gold ($A/oz)

The “Buy the dip” characteristic we’ve been flagging for 2025 was evident in the gold market overnight following the hot CPI.

Read more