Gold has surged to another all time high, sitting at US$3,640 ($5,500) per ounce today (11 September), supported by the expectations of US rate cuts and rising geopolitical tensions.
Trading Economics reports geopolitical developments are adding to the precious metal’s safe haven appeal.
Recently, US President Donald Trump urged the European Union to impose tariffs on China and India to pressure Russia over the Ukraine conflict, while hostilities in the Middle East escalated and Poland reported intercepting Russian drones that breached its airspace during a strike in western Ukraine.
This news comes after gold prices fell marginally week-on-week, as Mining.com.au reported, easing by 1.3% in US dollar terms to US$3,338.1 per ounce on the week ending 15 August 2025.
ABC Bullion notes the decline in Australian dollar terms was milder, falling by 1%, with local investors cushioned by a 0.3% decrease in the Australian dollar to US$0.6497.
Silver’s performance was “muted week-on-week, remaining unchanged in AUD terms and falling by 0.4% in USD terms, still holding on to the US$38oz price level”.
Despite gold’s recent gains, junior mining companies continue to be undervalued, underbought, and largely overlooked.
As previously reported, globally renowned natural resources investor Rick Rule told Mining.com.au that we are in a gold bull market but the bulls are running at varying speeds.
Explorers are caught in a paradox with an impatient market demanding production and perhaps not as attuned to the critical work an explorer undertakes. As the price of the precious metal soars, the companies responsible for finding the next resource remain stuck in the market’s blind spot.
Write to Aaliyah Rogan at Mining.com.au
Images: ABC Refinery
