News and Insights

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

Insights: What 2021 may have in store for everyone’s favourite yellow metal

Insights: What 2021 may have in store for everyone’s favourite yellow metal

Gold Market Update

Gold eased last week as investors opted for the relative shelter of the U.S. dollar.

Spot gold was down 0.2% at US$1,840 an ounce. Prices had fallen to their lowest since Jan. 18 at US$1,830.80 on Wednesday. U.S. gold futures shed 0.3% to US$1,838.60.

The delay in a US$1.9 trillion U.S. coronavirus stimulus deal, which has not received a green signal from Republicans, weighed further on gold.

“The Fed meeting yesterday had no positive impact on gold because, before and after the meeting, the dollar strengthened as it was sought after as a safe-haven due to other concerns in financial markets and that weighed on gold prices,” said Commerzbank analyst Daniel Briesemann.

“Market players are waiting a little bit longer to see if gold can regain the 200-day moving average or if it’ll fall further to US$1,800, which should be quite an attractive buying opportunity”.

Gold price this month in AUD/OZ

Gold market

Rush Viewpoints

Gold market

This week we take look at how gold performed in 2020 and start to look at what 2021 might have in store for the yellow metal:

Read the article: https://rush.gold/a-look-back-at-gold-in-2020/

Gold in the News

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

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Gold market

And remember, we are here to answer any questions. Just email us on customerteam@rush.gold.

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