Spot gold dips but the gold bull market remains from Cocktails and Commodities

Spot gold dips but the gold bull market remains

30 minutes Posted Jun 27, 2023 at 9:11 am.

– The two biggest influences on spot gold prices

– The key metric which measures investor interest

– Gold breaks below US$1,940 and heads to key support

– Silver’s performance is tied to China’s lacklustre post covid reopening

– Fed ‘skips’ an increase, but more hikes to come

– US inflation will remain sticky

– What’s driving Aussie dollar momentum

– Mines & Money panel were extremely bullish on gold

– A break of gold’s triple top (US$2,075) could see the yellow metal reach…

– A twist on Bond’s favourite drink

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Show notes

Recorded live at the Mines & Money Connect Melbourne conference: ABC Refinery’s Head of Institutional Markets Nick Frappell joins Shae Russell to discuss the recent Fed pause and how investors should brace for more hikes. Can the Aussie dollar maintain its momentum? Plus silver continues to struggle and why Shae was booed over her gold price forecast.

Please note, this episode was recorded on 15th June and all prices were correct at the time of recording.

Timestamps:

To hear more from Nick Frappell and his monthly technical insights go here: https://www.abcrefinery.com/resources/media-articles/may-2023-technical-report/

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