Ladies and gentlemen, this is it! We welcome you to the inaugural episode of our new series, The Australian Gold Weekly Wrap-Up at GoldHub Australia!
During the week, our team at the Australian Gold Fund will track what is happening in the precious metals and mining stock space in Australia. Our Founder, Brian Chu, will join me to update you about what’s happening and share our opinions and analysis.
Unlike other financial news and commentary, we won’t aim to just talk at you. We want it to be a two-way street: drop your comments and questions and we may cover this in the following week. Together we shall carve our edge in the gold and mining stock space!
And wow, what a week to kick things off. Gold stormed toward US$3,400. Silver fought its way back into the US$38 range. And Aussie gold producers jumped more than 700 points, ending around six weeks of profit-taking and a correction driven by the Federal Reserve’s decision last Thursday to hold interest rates.
The US dollar was poised to rally and gold looked set to head lower. It didn’t last though. The non-farm payrolls report dropped on Friday and disappointed market expectations. That was enough to undo the impact made by the Federal Reserve. The US Dollar Index slipped to 98 points before it could even touch 100. Treasury yields sank. Gold and silver both grabbed the spotlight.
The markets were pricing in a September rate cut.
And if that wasn’t enough, President Trump fired the head of the Bureau of Labor Statistics and a Federal Reserve governor quit (on the same day!)
Gold looked set to head back up, trading above US$3,350 for much of this week. By the end of it, gold even touched US$3,400. To think last week it momentarily fell to US$3,270! Such volatility is enough to make your heart stop.
Moving to gold stock, the ASX-All Ordinaries Gold Index went full rocket mode: up 700 points in just three days. Why? The Federal Reserve has lost control and there are expectations that the Australian counterpart, the Reserve Bank of Australia, might cut rates having held back from doing it in July. These helped boost the sentiment for gold producers that have reported record cash builds in the 2025 June quarter. The current conditions allow them to continue to deliver record margins, accelerate growth, and perhaps pay more dividends. Boom, index up, and possibly on track to set a new record.
But hold on. Brian isn’t jumping up and down with excitement over what’s to come. He warns that sentiment for gold producers could drive prices well above fair value. It could become a crowded trade as excited investors clamour on board.
So… is this the moment to be cautious, or to run with the bulls? To get the full story, click below to watch this week’s video!
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