Why the gold price has gone crazy
Ever since Donald Trump’s Liberation Day tariffs were announced in April last year, the price of gold has been rising. Its price is about 80 percent higher than it was a year ago and it’s still near its all time record after a recent sell off. So, what’s been moving the price of gold and what does it say about investor’s faith in the US and global economy? Today, business correspondent David Taylor on why Australians have been queuing to buy the shiny metal and where the price could go next. Featured: David Taylor, ABC business correspondent
ABC News Daily · Australian Broadcasting Corporation
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Show Notes
Ever since Donald Trump’s Liberation Day tariffs were announced in April last year, the price of gold has been rising.
Its price is about 80 percent higher than it was a year ago and it’s still near its all time record after a recent sell off.
So, what’s been moving the price of gold and what does it say about investor’s faith in the US and global economy?
Today, business correspondent David Taylor on why Australians have been queuing to buy the shiny metal and where the price could go next.
Featured:
David Taylor, ABC business correspondent