Business
Gold tipped to challenge $US2000, silver doubles – The Australian Financial Review
Strong fundamentals against a backdrop of COVID-19 mean gold and silver are widely expected to continue their ascent in 2020, after gold topped US$1906 an ounce on Monday.
Mr Hynes argued a weaker US dollar and reset expectations that a global recession will last longer than anticipated had fuelled gold’s latest leg higher.
“There was some caution around whether these monetary easing programs would continue indefinitely if economies reopened,” said Mr Hynes. “I think the market has realised this is an issue that will persist for some time and governments are going all out to buffer their economies from it.”
ETF buying
James Stewart, a resources portfolio manage…
-
Noosa News12 hours agoBondi Beach terror attack: Police investigate threat against Westfield North Lakes in Queensland
-
General22 hours agoICAC investigating University of Wollongong as chancellor grilled at Inquiry
-
Noosa News22 hours agoE-Scooter accident | Noosa Today
-
General23 hours agoDon’t rush to change gun laws after Bondi, farmers and shooters group in Tasmania says