Samuel Yang - Profile and Journalist Details
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Samuel Yang
Verified
Business Reporter, ABC News (Australia)
Sydney
Beats
politics, entertainment finance, queensland sport, musicnews
Content
Gold prices have slipped off record highs during the market rout. Is it still the best hedge against volatility?
By Samuel Yang Verified| ABC News (Australia) Verified Gold has rallied to record highs above $US3,000 an ounce, with central banks adding to global demand. The recent stock market ructions saw a dip in the gold price, as investors liquidated holdings to cover potential losses elsewhere. Gold bullion is currently exempt from Donald Trump's tariffs on goods imported into the US, but traders are monitoring the situation closely.
By Samuel Yang Verified| ABC News (Australia) Verified Wall Street equities have been hammered since Trump's sweeping tariffs, announced late Wednesday, on all imports into the US and much higher levies on some major trading partners. Early on Monday, all three major US indexes touched their lowest levels in more than a year, and the CBOE Volatility index, Wall Street's fear gauge, breached 60 points, hitting its highest level since August 2024.
Gold prices have slipped off record highs during the market rout. Is it still the best hedge against volatility?
By Samuel Yang Verified| ABC News (Australia) Verified Gold has rallied to record highs above $US3,000 an ounce, with central banks adding to global demand. The recent stock market ructions saw a dip in the gold price, as investors liquidated holdings to cover potential losses elsewhere. Gold bullion is currently exempt from Donald Trump's tariffs on goods imported into the US, but traders are monitoring the situation closely.
Company Info
ABC News (Australia)
Sydney, Australia