Metal price update

15 12 2011

It’s been almost three months since my last metal price update post.
A little check on the markets …

As at 15th December 2011:

1. Gold price in US$ for last 12 months

15th December 2011; gold in US$; click on image for original source

2. Gold price in A$ for last 12 months

15th December 2011; gold in A$; click on image for original source

While it looked to have temporarily recovered from the tumble in September,  gold now looks to be back around the low levels we saw in September. Probably due to a mixture of the doubts about the European economic condition and (likely less of a consideration) the impact our own economy on the exchange rate.

What could gold prices do next year? Hard to say – and I’m absolutely not a commodities expert! However during times of extreme economic uncertainty historically gold has been a stable haven – that is, the demand for gold as a reliable place to put money increases (compared to shares or bonds), so the price tends to also increase.

15th December 2011; 5 year gold price in A$; click on image for original source

3. Silver price in US$ for last 12 months

15th December 2011; silver price in US$; 1 year graph; click on image for original source

Silver doesn’t look to have recovered anywhere near the same extent as the gold price. So interesting that it is still at levels seen near the start of the year.


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27 02 2012
Metal price update « Melbourne Jeweller

[…] been just under three months since my last metal price update post. A little check on the markets […]




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