Sydney bullion trader slammed with gold buyers

Sydney bullion trader slammed with gold buyers​

Aussies are trying to cash in on an “unprecedented” surge in gold prices, as a long queue stretched out the door at a popular Sydney gold trader on Tuesday.
More than 50 people stood patiently along the pavement waiting to get inside the Australian Bullion Company (ABC Bullion), one of Australia’s leading precious metal and gold bullion specialists in Sydney’s Martin Place.

Why the rush? Right now, gold is sitting at $US4369 ($A6517) an ounce, an increase of about $US1794 ($2676) from a year ago.

The high prices are being buoyed by the US government shutdown in Washington DC, France’s revolving door of political leadership, and ruptures in Japan’s long-ruling Liberal Democratic Party.

Commonwealth Bank says the precious metal could hit $US4500 ($6714) per ounce by the middle of 2026.

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[Administrator]

Commonwealth Bank says the precious metal could hit $US4500 ($6714) per ounce by the middle of 2026.

Typical bank prediction. They're a bit late. Gold has already been past $4,500 US.

 

[Sandy Gooch]

Whats with abc stitching people up with main stream media when they have fraudulent spot. Gimme an F18 watch those two columns crumble.