Australia is experiencing an unprecedented surge in gold prices, with the value of the precious metal reaching record highs. As of February 2025, gold was priced at approximately AUD 4,591.90 per ounce, marking a significant increase from AUD 3,102.10 in February 2024. This 48.03% year-over-year rise underscores the growing demand for gold as a safe-haven asset amid global economic uncertainties.
Several factors contribute to this upward trend. Geopolitical tensions, particularly escalating trade disputes and tariff policies, have led investors to seek refuge in gold. Additionally, central banks worldwide have been actively purchasing gold to diversify their reserves, further driving up demand. Analysts predict that this bullish momentum may continue, with forecasts suggesting gold prices could reach as high as USD 3,000 per ounce within the next 12 months.
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Context & Background
Gold has historically been viewed as a safe-haven asset during times of economic and geopolitical instability. The recent surge in gold prices is reminiscent of the 1980s rally, though analysts suggest the current rise is more sustainable due to ongoing global uncertainties. Central banks, particularly in countries like China and India, have been increasing their gold reserves, contributing to the heightened demand. Additionally, the introduction of tariffs and trade disputes have led investors to question the reliability of traditional safe assets, further bolstering gold’s appeal.
In This Story
Perth Mint
The Perth Mint is Australia’s official bullion mint, offering a range of gold, silver, and platinum products. It plays a significant role in refining and distributing precious metals both domestically and internationally.
ANZ Bank
ANZ Bank is one of Australia’s leading financial institutions, providing a range of banking and financial services. The bank’s analysts have been closely monitoring and forecasting gold price trends.
Goldman Sachs
Goldman Sachs is a global investment banking, securities, and investment management firm. The company has reiterated its bullish stance on gold prices amid expectations of interest rate cuts and increased central bank demand.
Pierre Lassonde
Pierre Lassonde is a renowned figure in the gold industry, known for founding the world’s largest gold royalty company, Franco-Nevada Corporation. He has been vocal about his bullish outlook on gold prices.
