Gold market update
Gold prices edged up on Monday, recouping some losses after a sell-off in the previous session as US bond yields and the dollar softened, restoring some of the precious metal’s appeal.
Also supporting bullion, the US dollar index slipped 0.6% from last week’s 2021 highs, as investors figure that while inflation might pull forward the Fed’s rate hikes, other central banks may need to be more aggressive over the tightening cycle.
A global energy crunch has threatened economic outlooks and fanned inflation fears, driving some investors toward safer assets.
“There’s more risk aversion in the market and gold is benefiting from that, coupled with concerns about inflation and cooling of the global economy,” Commerzbank analyst Daniel Briesemann said.
Gold price this month in AUD/OZ
Gold price performance
Take a look at how gold prices have risen against the prices of houses and bonds in Australia since the year 2000. While all three have experienced growth over the years, gold prices continue to soar above both houses and bonds.
Rush Gold viewpoints
Gold investors must evaluate a range of different factors when it comes to protecting their wealth. We take a look at the legal, economic, and geostrategic features that position Australia as a safe place for gold investment in the coming years.
Read the article: How safe is Australia for investors?
Rush Gold in the news
We are proud to announce that Rush Gold will be representing Australia at the World Summit Awards Global Competition 2021, in the category of Business & Commerce.
Learn more about the awards, and what they represent, right here: Rush Gold to represent Australia at the World Summit Awards 2021!
Gold in the news
Here are a few articles trending on the subject of gold.
- TD Securities says that concerns about “stagflation” may continue to push gold higher:
https://www.cnbc.com/2021/10/14/gold-markets-dollar-treasury-yields-us-inflation-data.html
- Bloomberg Intelligence Senior Commodity Strategist Mike McGlone says that negative sentiment is a contrarian sign that gold has a good chance to regain its all-time highs in 2021:
- Newly discovered gold treasures in Kazakhstan remind us how gold has held man’s fascination since the dawn of time:
https://www.bbc.com/news/uk-england-cambridgeshire-58487544
Rush handy hints
Here’s our step-by-step guide to buying gold on the secure Rush Gold app.
