The gold price has surged to record highs. What’s behind the move?
- Written by Dirk Baur, Professor of Finance, The University of Western Australia
The gold price has surged to a new all-time high above US$2,900 (A$4,544) an ounce this month.
It has risen by 12% since the start of the year and clearly outperformed US and Australian stock markets. The US stock index S&P500 is up 4% and the ASX 200 has gained just 2% in that time.
That follows an extraordinary run in 2024, when the precious...
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