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: What does a price pause mean for gold market investors?

Insights: What does a price pause mean for gold market investors?

Gold market update

The gold market’s spot gold price fell 1% to $1,738.43 per ounce having hit its highest since March 1 at $1,758.45 on Thursday. For the week, however, prices were up 0.5%. US gold futures slipped 1.1% to $1,738.50.

“Gold’s had a fairly decent week on the back of weaker US yields and the dollar, but they are slightly up now and that’s weighing on prices,” said CMC Markets UK’s chief market analyst, Michael Hewson.

“Gold’s retreat from last year’s peak is a ‘mini correction’ in a longer bull market,” said Davis Hall, head of capital markets in Asia at Indosuez Wealth Management.

“As long as real yields remain flat to negative, gold has that underlying long-term support.”

Gold price this month in AUD/OZ

gold pricesRush viewpoints

This week we take a look at the price “pauses” in the previous gold market and how they can be opportunities to accumulate gold at favourable prices:

Read the article: The gold bull market pause that refreshes

Gold in the news

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

  • At Rush Gold, we assisted the World Gold Council (WGC) with the establishment of their Retail Gold Investment Principles. The WGC presents a quick summary of the top 3 reasons to own gold: diversification, liquidity, and returns. We agree: https://www.invest.gold/

Add a bank account to your Rush app

In just five, easy steps you can manage your bank account through your Rush app.

Take a look at our step-by-step guide below:

Related News

Making Sense of the FTX Collapse

By now most people have heard about the collapse of the FTX cryptocurrency exchange and empire, but the implications for…

Read Full Article

Price Versus Value: Choosing Wisely

A comment by Warren Buffet may hold a key to reaching your financial goals Legendary investor Warren Buffet once noted…

Read Full Article

Adding PayID capability for Rush Gold customers – in or out of the Rush app

Rush Gold takes pride in providing customers with a user-friendly platform to buy, sell, send, and gift real gold in…

Read Full Article