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

Ode to Charlie – ‘architect’ of Berkshire Hathaway

The Enduring Influence of Legendary Investor and Philanthropist Charlie Munger’s Mental Models on Investments, Entrepreneurship, and the Creation of Rush…

Read Full Article

Getting Ready for 2024

At Rush we think the future is bright, especially for those who are defending their wealth by owning precious metals….

Read Full Article

Reserve Bank holds rates steady – where to from here?

Incoming Reserve Bank governor Michelle Bullock is expected to have a more dovish approach than outgoing governor Phillip Lowe. Lowe…

Read Full Article

Contact our specialised team

* indicates required fields

"*" indicates required fields

Name*
Products of Interest*