Stephen Bartholomeusz
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Gold is glittering again – but that’s not necessarily good news
Opinion Stephen BartholomeuszSenior business columnist August 12, 2026 — 11:58am August 12, 2026 — 11:58am You have reached your maximum number of saved items. Remove items from your saved list to add more. After a near-six-month hiatus, the gold price has suddenly surged again. That’s probably not an encouraging sign of things to come. The price peaked, at record levels, above $US5300 ($7500) an ounce just ahead of the start of the war in the Middle East at the end of February.
The real reason Trump just rushed to help Japan
Stephen Bartholomeusz The joint Japanese and American intervention in currency markets to prop up the Japanese yen seems to have worked, for the moment at least. Whether it lasts is another matter. On Thursday and Friday last week, the Bank of Japan and the US Treasury were in the market, with the BoJ selling dollars to buy yen and the US selling euros, peculiarly, to add to the buying.
A line in the sand for the world’s largest creditor has been breached
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