26th April 2018

 We can’t say we were all that surprised by the modest selloff we saw in the precious metals group on Wednesday as we suggested in Tuesday’s note that a backdrop of a rising dollar and higher US interest rates could prove too formidable a headwind for gold to withstand. By day’s end, gold finished down about $9/ounce at $1324 on Wednesday, while silver lost 17 cents to end at $16.53. Platinum got hit hard, shedding $22 an ounce to end at $912.80, while palladium finished virtually unchanged to finish at around $970/ounce. 

Contact Us

Due to the security nature of our business, personal meetings are only by pre-arranged appointment.
Phone at any time on

1300 987 995

or for International Enquiries on +61 2 9969 3076
info@ausmint.com