News and Insights

There’s been a lot of press about gold lately. And a lot of interest in Rush Gold. Find out more including our market insights.

Insights: Macroeconomic forces and future gold prices

Insights: Macroeconomic forces and future gold prices

Gold market update

Gold extended its recovery on Monday buoyed by a pullback in US Treasury yields and some safe-haven buying spurred by COVID-19 related concerns, with investors looking for more direction from the Federal Reserve on monetary policy.

Spot gold rose 0.5% to USD $1,787.76 per ounce by 14:40 GMT Monday, erasing declines from earlier in the session. US gold futures gained 0.6% to $1,788.10.

Prices jumped more than 1% last Friday after data showed US consumer sentiment plummeted in August, helping the metal recover from steep declines in the earlier part of last week after bets for tapering got a boost from recent, strong labour data.

COVID-19-related safe-haven buying has been seen in Europe, said TD Securities commodity strategist Daniel Ghali, adding that a rising trend of higher gold purchases from central banks is providing underlying support to bullion.

Gold price this month in AUD/OZ

gold prices

Rush viewpoints

This week we take a deep dive into some of the large-scale macroeconomic forces we think will boost the price of gold in the coming months and years.

Read the article: Is oil the canary in the gold mine?

Gold in the news

Here are a few articles trending on the subject of gold:

  • The Wall Street Journal revisits the stability of the gold standard era and debunks a number of myths related to that era. If central banks want price stability there is a simple way to get it:

New Rush Gold feature

The recent dip in gold prices would have been easy to catch if you had your eye on the market last weekend. Dips and hikes in the price of gold are even easier to catch with our personalised price alerts feature!

Our alerts notify you every time the price of gold dips below or rises above the price limits you set so you’re always on top of the gold market.

All you need to do is follow the four steps below; never miss a golden opportunity.

price alerts

Related News

2022 Mid-Year Summary

Gold held its value in the first half of 2022 better than almost every other asset class Total return figures…

Read More

Keep calm and stay ahead of the game

Protecting your wealth – the 2022 view It’s hard to know where to turn, with equities in free fall, rollercoaster…

Read More

The impact of Russian sanctions on gold

Gold market update Gold rose to a one-month high on Monday, just shy of the $2,000 per ounce level, as…

Read More