The price of gold has surged to an all-time high of AU$4,245 (US$2,798), driven by weaker US economic data and growing expectations of interest rate cuts by the Federal Reserve. At the time of writing, gold is trading at AU$4,238 (US$2,794), up 1.31%—a strong signal for those considering selling their gold.
What’s Driving Gold’s Surge?
Several key factors have pushed gold prices higher:
✅ Weaker US Economy: Latest data shows the US economy is slowing, with GDP growth dropping from 3.1% in Q3 to 2.3% in Q4, missing expectations. This increases the chances of interest rate cuts, making gold more attractive.
✅ Falling Bond Yields: The US 10-year Treasury yield dropped to 4.516%, while real yields on Treasury Inflation-Protected Securities (TIPS) also declined. Lower yields make gold a preferred safe-haven asset.
✅ Federal Reserve Holds Rates Steady: The Fed has kept interest rates at 4.25% – 4.50%, with Chair Jerome Powell suggesting they are in no rush to cut rates. Despite this, markets are pricing in 50 basis points of cuts in 2025, further supporting gold’s strength.
✅ Stronger Jobs Market: Surprisingly, jobless claims fell to 207,000, showing resilience in the labour market. However, this has not dampened investor demand for gold.
What Does This Mean for Australian Gold Sellers?
With gold hitting record highs, now could be the perfect time to sell unwanted gold jewellery, bullion, or coins. Prices are strong, and demand is high. At GoldCompany, we offer:
???? Sydney’s best prices for gold—instant cash payments
???? Trusted experts with over 40 years of experience
???? Free valuations with no obligation to sell
Gold’s Next Target: AU$4,550?
With gold now comfortably above AU$4,200, analysts are watching for the next key price levels:
???? AU$4,300 (US$2,850)
???? AU$4,400 (US$2,900)
???? AU$4,550 (US$3,000)
Whether gold continues climbing or stabilises, current prices present a prime opportunity for those looking to turn gold into cash.
???? Thinking of selling? Visit GoldCompany today for a top-dollar gold valuation!
