Weekend Edition: The thirst for gold. How long before it loses its shine?

Friday 10th October 2025

Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here.

Gold hit another watershed moment this week, moving beyond $4,000 an ounce. Investors seemingly can’t get enough of it. John Reade, senior market strategist for the World Gold Council, joins Phil to talk about why gold keeps rising in price, and whether $6,000 by this time next year is realistic? Or have we reached ‘peak worry’, and prices could start to retrace a little. John’s view is that gold is being used to hedge against US dollar exposure. Does that mean as long as the uncertainty of US policies and economic outlook remains, gold will continue to do well?

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