Global markets saw a shakeup this week, as AI optimism cooled, global trade tensions rose, and the US government shutdown continued into week two. The uncertainty saw investors pile into gold, sending it above US$4,000/oz for the first time in history, and with central banks stockpiling bullion and rate cuts expected, the gold rush could still have plenty of room to move in FY26. The renewed drivers and tailwinds are fuelling greater momentum for the gold price, with hedge books winding down at a rapid rate.

In this week’s wrap, Grady covers:
• (0:34 ): rate cuts and valuation gaps – factors driving the gold rush
• (2:23 ): how the record run is affecting Aussie mining stocks
• (3:26 ): highlights from emerging names in the gold sector
• (4:51 ): how the local market performed over the last trading week
• (5:33 ): the most traded stocks and ETFs this week
• (6:03 ): economic news items to look out for next week.