Financial News
Market Update, 9 June 2021
13 June 2021
Gold prices dipped back below the $1,900 level this week. The yellow bullion that was priced at $1,901/oz 7 days ago fell -0.57% to $1,890/oz at the time of writing. The metal experienced highs of $1,911/oz and lows of $1,861/oz...
Market Update 16 June 2021
16 June 2021
Gold prices are down -1.85% in the last 7 days from $1,896/oz to $1,861/oz at the time of writing. The yellow bullion experienced highs of $1,905/oz and shortly after fell to its lowest price in 4 weeks of $1,846/oz.
Silver, contrary to gold...
Market Update 23 June 2021
21 June 2021
There have been recent massive losses in the precious metals market as metals lose out and hit monthly and quarterly low prices.
Gold prices continue their downtrend this week by recording a substantial fall from $1,867/oz last Wednesday to...
Market Update 30 June 2021
01 July 2021
Gold prices extend their month-long downward trend as prices for the yellow bullion dropped another -0.90% translating into a decrease in price from $1,778/oz last Wednesday to $1,762/oz at the time of writing. The metal experienced a high of $1...
Market Update 7 July 2021
07 July 2021
Gold finally moves past the $1,800 level this week as it sees its biggest rise since the start of June. The yellow bullion recorded an increase in price from $1,768/oz last Wednesday to $1,801/oz at the time of writing, while demonstrating a...
Market Update 14 July 2021
14 July 2021
Gold prices experienced a volatile week with prices constantly fluctuating above and below the critical $1,800 psychological line. Ultimately, the yellow bullion sees a 1.00% increase in its prices as it moves up from $1,795/oz last Wednesday to...
Market Update 21 July 2021
21 July 2021
Gold prices experienced peaks and troughs this week but ultimately ended the week at the relatively same level, gaining just 0.11%. Prices for the yellow bullion rose from $1,805/oz last Wednesday to $1,807/oz today. The precious metal...
Market Update 23 July 2021
09 August 2021
Gold suffers yet another frustrating week, recording losses amounting to -1.58% as it sees its price per ounce fall from $1,832 last Friday to $1,803 at the time of writing. The yellow bullion started the week on its high and experienced a low of...
Current stagflation crisis and its effect on gold: Where are prices headed next?
26 October 2021
After strong worldwide economic recovery in Q1 and Q2 for most countries, economic slowdown is starting to show in the US, China and parts of Europe. Despite this, prices are not slowing down and instead, Consumer Price Indexes continue to beat...
China's Property Crisis and Gold
08 November 2021
China’s real estate market as of late has been on the brink of collapse, and of course, we look at the Evergrande situation. For context, Evergrande is the second-largest property developer in China by sales. It currently holds a little...
Platinum and Palladium: Short Term Success and Long Term Peril Linked to Electric Vehicles?
17 November 2021
Platinum and palladium are crucial ingredients in catalytic converters for car exhausts. These parts turn toxic pollutants into less harmful CO2 and water vapor. The increased regulations in emission controls over the world and increased demand...
Palladium: A Must-Have Metal in the Global Economy Under Pressure
02 April 2022
You’ve probably heard plenty about gold and silver and how they fit into the overall global economy. Well, those are major precious metals, but there’s one you probably haven’t heard much about unless you’ve been in a...