The Australian dollar gold price hit a record high in October as the safe-haven metal and inflation hedge climbs on fears around war in the Middle East and a global economy carrying record levels of debt.
Since fetching $2585 an ounce this time last year, Australian dollar gold has jumped 22.2 per cent to $3158 an ounce on October 31 to thump the 1.2 per cent fall for the S&P/ASX 200 index over the equivalent period.
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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
