Weaker AUD to support local precious metal investors

Precious metals are my primary focus, and short-term I’m neutral with a downside bias, a position unchanged from our pre-Jackson Hole outlook here at ABC Bullion. The greater focus on a potential rate hike in either September or December of 2016 that came out of Jackson Hole reaffirms this view. However with the local currency under pressure, we think downside for Australian dollar precious metal investors will be limited.