0.70$US/Lb
0.24$US/Lb
0.22$US/Lb
0.31$US/Lb
0.82$US/Lb
784.00$US/MT
962.00$US/MT
1077.00$US/MT
405.00$US/MT
653.40$US/MT
633.54$US/MT
2430.83$US/MT
2816.65$US/MT
35.24$US/MT
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SEATTLE (Scrap Monster): The recent report released by the World Gold Council (WGC) observed that gold is likely to lift Australian portfolios during the current year.
The WGC study states that the price of gold in Australian dollars saw a notable 38% increase over the previous year. More support for gold is anticipated in the near future due to the increased demand for investments and growing risks on several fronts. If the AUD is under pressure, gold might boost the portfolios of Australian investors.
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WGC, however, voiced concerns that local asset volatility brought on by geopolitical issues would probably put Australian assets under stress. Uncertainties surrounding China's economic growth could also present difficulties, particularly if the Trump administration imposes strict tariffs.
Strong investment demand, growing geopolitical dangers, and a weak AUD were the primary drivers of the previous year's spectacular gold price surge. The rally has continued beyond 2025 thanks in large part to the aforementioned drivers. According to the WGC report, gold prices have risen 4.9% so far this year.
In local currency terms, gold will benefit further from the possible decline in the AUD. It is anticipated that shifts in RBA monetary policy expectations and possible growth threats will be the cause of the currency's decline. Furthermore, WGC believes that gold will provide a steady return in the long run.
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