Gold Blinks, yet Silver looks firm!
Gold holds key support in record year! Jordan Eliseo, GM- ABC Bullion Australia said, Gold holds key support in record year for precious metals! Gold prices held above key support this week -23 June to 27 June, 2025, after a brief but notable sell-off driven by market perceptions that the recent hostilities in the Middle East will not meaningfully escalate. Last trading at USD $3,326 and AUD $5,082 per troy ounce (oz), gold is on track to deliver one of its strongest financial year gains on record, with the price up by 42% (in USD terms) and 45% (in AUD terms) since 30th June 2024. Silver is also on track to record one of its strongest years, last trading at USD $36.83oz and AUD $56.27oz, with silver rallying by 25% (in USD terms) and 28% (in AUD terms) since the end of the last financial year. Despite the strong gains over the past twelve months, and the various catalysts driving precious metal demand, there seems little sign of euphoria in pre...