FEAR & GREED | Business News Trump spooks investors; ANZ prepares radical cuts; ACCC pursues vege cartel
Sep 1, 2025
Gold prices soar as Trump rattles investors, leading to a surge in local gold stocks. ANZ is set to cut thousands of jobs in a major restructuring effort. The ACCC is pursuing an alleged vegetable cartel, showcasing significant regulatory action. Tesla's self-driving feature is on the horizon for Australia, stirring excitement and concern. Meanwhile, the Netherlands is leading the way with its innovative four-day work week model, potentially reshaping work-life balance globally.
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Gold Rally Fueled By Political Uncertainty
- Donald Trump's public posts unsettled investors and pushed money into gold as a safe haven.
- Local gold miners and prices rose sharply amid concerns over US policy and Fed independence.
Rumours Ended By A Golf Course Sighting
- Michael Thompson recounts rumours that the president had died because he wasn't seen in public for days.
- The rumours ended when he was spotted on the golf course and then returned with a forceful social media post.
Geopolitics Amplify Market Volatility
- Global political moves are feeding market uncertainty beyond US domestic posts.
- Tighter relations between China and India and criticism of tariffs add to volatility affecting investor sentiment.