Gold Reacts to Rising Real Yields As Tax Reform Debate Hits Australian Investors

Ved Shah

Ladies and gentlemen, the Australian Gold Weekly Review is back, and this week, the precious metals market was once again driven by an intense mix of geopolitics, macroeconomics, and investor uncertainty.

Gold ended the week at US$4,561/oz, with silver holding at US$77/oz, while oil climbed to US$101.15/bbl as markets continued to digest the unresolved Iranian conflict, the implications of the US-China summit, and growing speculation surrounding Kevin Warsh potentially taking over as Federal Reserve Chair.

At the same time, US 10-year real yields pushed to a fresh high, creating another major talking point for precious metals investors.

This week, Brian breaks down the movements across gold and silver before pivoting toward the ASX All Ordinaries Gold Index, which ended the week near the 17,250-point level as Australian gold equities navigated another volatile stretch.

But the story doesn't stop there.

Because in the free section, Brian also dives into the Federal Budget unveiled on Tuesday, including the proposed changes to negative gearing arrangements and capital gains tax rules, while hinting at a much deeper discussion in the member's section surrounding the broader implications for investor psychology and capital allocation.

And that's where things get even more interesting.

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