1. Most Discussed
  2. Gainers & Losers
GOLD $1,184.7

Mckinsey Update on Global Debt Levels

  1. All4One

    15,965 Posts.

    The following is a summary of the Mckinsey debt report by


    Mckinsey Update on Global Debt Levels

    Gold gets technical as RBA joins rate cut circus

    06 February 2015
    AUD gold at one point pushed toward $1700 an ounce earlier this week, as the Reserve Bank of Australia joined the global interest rate easing cycle, cutting the local cash rate to a record low of 2.25%, sending the local currency at one point toward 0.76 cents vs. the US Dollar
    Prices have since pulled back, as the AUD has staged something of a rally, whilst USD gold is also now trading at $1266 an ounce, down $20 an ounce or so on intra-week highs.
    The decision by the RBA was very much priced into the market by the time they had actually made it, with most forecasters now predicting that rates will be cut again, to just 2% by the end of Q2 2015 at the latest.


Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.