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Precious metal prices soften as other assets to the fore
The Perth Mint sold 29,730 troy ounces (oz) of gold, 293,732 oz of silver and 826 oz of platinum in minted product form during June 2026. Gold prices continued to soften in June, falling below the USD 4,000 level for the first time since early November 2025. Over the June quarter, gold declined by more than 14%. The recent conflict in the Middle East has supported a stronger US dollar in the near term, reversing the narrative around the US dollar debasement trade. This has contributed to higher real yields and weighed on gold prices. However, this is only part of the story for FY25/26. During the first seven months ... (full story)
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