GSG Weekly Market Wrap – 30 April 2025
This Week:
Estimated reading time: 5 minutes
Weekly Price Overview – 30 April 2025
Precious metals saw a healthy mix of consolidation and strength this week. USD gold and silver held steady just below recent highs, while NZD silver outperformed — buoyed by both technical support and a slightly weaker Kiwi dollar.
🟡 Gold: USD gold slipped 0.77% to $3,317, easing back from its all-time high near $3,500. NZD gold dipped just 0.24% to $5,592. The pullback looks orderly, and key support levels remain intact — offering attractive zones for averaging in.
⚪ Silver: Silver led the week’s gains, with USD silver up 1.05% to $32.93 and NZD silver jumping 1.59% to $55.53. With the gold/silver ratio still elevated above 100, silver remains a compelling catch-up play in the longer-term uptrend.
🇳🇿 NZ Dollar: The Kiwi dipped 0.54% to 0.5931 but remains above its 200-day moving average — suggesting underlying strength is still building. This decline helped support local precious metals prices.
Scroll down to view this week’s updated charts for gold and silver in both USD and NZD, as well as the NZD/USD trend.
Parabolic Gold: Why It’s Just the Start — Not the End
Gold recently hit US$3,500 before pulling back — but don’t mistake that for the end of the rally.
From stealth central bank buying to record ETF flows and global monetary stress, the signals are stacking up. This isn’t a final spike — it’s a shift.
In this week’s article:
- Why this move is different from 1980
- What the charts say about gold’s third and final bull phase
- Why timing the dip could leave you behind
- Plus: The trillion-dollar chart that says the system can’t go back
🔗 Read the full post: Parabolic Gold — Why It’s Just the Start
Mainstream Eyes Finally on Gold
Something we don’t see often: NZ mainstream media and banks actually talking about gold.
📌 Stuff.co.nz recently included gold in its 2025 market round-up — a rare mention for the metal, and a sign it’s becoming harder to ignore.
Meanwhile, ASB Bank finally acknowledged gold’s massive year in its latest daily commentary — noting a 25% gain year-to-date. But true to form, they only mentioned it after a pullback, missing the run-up entirely. Their take:
“Gold prices dipped slightly from last week’s record high… Bullion is down ~6% since peaking above US$3,500 last week. That said, gold prices remain up 25% year to date — outperforming nearly every other major asset class.”
So while gold continues to surge as a hedge against volatility and economic uncertainty…
🔔 It seems some are only just waking up to the rally.
A Millennium of Monetary Mayhem
For over 750 years, governments have followed the same playbook: print, debase, devalue — repeat.
This chart by GoldchartsRUs, (hat tip to James Anderson), maps more than seven centuries of currency collapses, sovereign defaults, and gold revaluations — ending with today’s price near all-time highs.
What’s the lesson?
This current phase is nothing new. Just history repeating.
Fiat fails. Gold (and silver) endures.
Billionaire Backs the Bull Case for Bullion
Billionaire hedge fund manager John Paulson made headlines this week with a bold gold price target of US$5,000 by 2028, citing geopolitical tensions, global de-dollarisation, and waning demand for U.S. Treasuries.
In an interview with Reuters, he pointed to Russia’s seizure of dollar reserves as a turning point:
“Russia had hundreds of billions in dollar reserves that were frozen. It taught a lesson — your money is not really yours.”
Sound familiar? That’s exactly what we outlined in last week’s article:
🔗 Why the World Is Losing Faith in US Treasuries — And Turning to Gold
The quiet accumulation by central banks may not stay quiet for long. Wall Street is starting to take notice.
So if a Billionaire is buying into and developing gold mines, even at current prices, does that sound like a good reason to do the same?
👉 Ready to take action?
Explore your options to buy, store, or invest in physical gold and silver right here in NZ.
🔗 Visit our bullion shop now or learn how to get started.