Gold has snapped a three-day losing streak, rebounding to US$3,330/oz, around AU$5,167/oz, on renewed weakness in the US Dollar and signs of a cooling US economy. For Australian investors, particularly those holding tokenised gold like Ainslie’s Gold Standard (AUS), this rally highlights the strength of combining a time-tested asset with digital accessibility.
The latest US jobless claims came in weaker than expected, suggesting ongoing labour market softness. At the same time, a US federal court struck down a major Trump-era tariff policy, triggering a sharp reversal in the US Dollar Index (DXY). These factors have pushed capital back into safe-haven assets, with gold leading the charge
Technically, gold is now targeting a return to its May high of US$3,440/oz (roughly AU$5,337/oz) and potentially its all-time high of AU$3,500/oz, equivalent to around AU$5,430/oz. Should the rally fade, support levels sit at US$3,203/oz (AU$4,969 /oz) and US$3,120/oz (AU$4,841/oz).
For investors using tokenised gold, this moment underscores the appeal: real gold, instantly tradable, transparently held. As volatility returns to currency and equity markets, digital gold is quietly becoming a modern hedge for Australian portfolios, offering the security of bullion with the speed and convenience of blockchain.
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