Silver’s price action has been building up to this moment, with repeated tests of resistance over the past month.
Sell Your Old Gold Jewellery to GoldCompany in Sydney
The global gold price is primarily determined in two major markets: the London Bullion Market and the COMEX (Commodity Exchange) in the United States.
Gold has reached yet another all-time high, with prices surging over 50% in just 14 months. For the first time in history, gold’s total market capitalisation has surpassed an astonishing $20 trillion.
Gold prices have hit record highs, currently sitting at AUD $4,631.51 per ounce.
The price of gold has surged to an all-time high of AU$4,245 (US$2,798), driven by weaker US economic data and growing expectations of interest rate cuts by the Federal Reserve.
A significant surge in gold shipments to the United States has precipitated a notable shortage of bullion in London, as traders amass substantial stockpiles in New York amid concerns over potential tariffs from the Trump administration. This movement has led to increased waiting times for withdrawing gold from the Bank of England’s vaults, extending from a few days to between four and eight weeks.
Calling a gold buyer for a price might seem like a convenient way to get an estimate, but it comes with several pitfalls compared to visiting a buyer and having your gold tested.
The price of gold continues its upward trajectory, with a notable rise in value as of January 14, 2025.
If you’re looking to sell a collection of silver coins, often referred to as a “super box,” here’s how the process typically works: What is a “Super Box” of Coins? A super box of silver coins usually contains a significant amount of silver, often in the form of: Why Sell Read more…