Gold and silver continue their climb

Spot pricing for Gold $AU4232

Spot pricing for Silver $AU52.66

Spot pricing for Platinum $AU1615

Bullion pricing continues to rise, again reaching new Gold all time high’s - and the SP500 has also climbed amongst better than expected earnings from tech giants. Even Reddit and Snap have returned some of their first ever profits, suggesting that the market is much more resilient than thought.

And with just a few weeks left until complete election mayhem in the US, everyone is thinking ‘Which way are markets going to move?’ Presently, everything is moving up - and the vast majority of investors are betting on continued gains.

Ukraine and Lebanon news has eased, or shifted focus leading into elections. These are the two largest areas of conflict we’ve seen in recent history and are definitely contributing to ongoing instability and pricing volatility in bullion. We’re mindful that at any point, either of these areas of conflict could worsen - throwing markets more aggressively towards risk off assets like gold and silver.

Enjoy todays charts

Gold daily chart, with 200MDA

Silver daily chart, with 200MDA

US500, with 200MDA

ASX200, with 200MDA