Blogotariat

By Ashwin Clarke and Lucinda Jerogin, economists at CBA: Key Points: The price of gold has surged to new record highs this month, driven by safe-haven demand. Australia is the third largest producer of gold and will be a beneficiary of price improvements. Sustained higher gold prices will stimulate mining investment, as well as boost

The post What the gold boom means for Australia appeared first on MacroBusiness.

The Market Ear on weird everywhere. Expensive BTD Retail has grabbed gold with both hands lately, especially on big down days. All articles on gold and silver from earlier today, here, here and here. Source: GS Upside pain? GS with a gentle reminder: 1. The average S&P 500 return from October 20th to December 31st is +4.16% since 1928.

The post Markets quiver as gold pops appeared first on MacroBusiness.

Home Affairs Minister Tony Burke front ABC’s Insiders on the weekend, where he admitted that immigration “needed to come down” but lambasted the ‘far right’ for using immigration as a “dog whistle” to destabilise social cohesion. Burke’s salvo followed the release of two opinion polls in the previous week showing, yet again, that Australians do

The post Tony Burke shouldn’t lecture about ‘social cohesion’ appeared first on MacroBusiness.

Predictably, the censorship of Hellbourne has begun. There was a time when Melbourne prided itself on being the most liveable city in the world, tolerant, thoughtful, creative and diverse. We wore that badge with pride and spoke of it often with confidence, not arrogance. Ours was a city in which ideas, not ideology, competed. Where

The post How to fix Melbourne appeared first on MacroBusiness.

When Shadow Home Affairs Minister Andrew Hastie put out his recent political ad on social media lamenting the loss of Australia’s car industry and broader manufacturing capacity, it prompted a debate over whether or not it was worth pursuing an advanced manufacturing sector as a nation. In some ways, the debate has already been had

The post Australia is hopelessly vulnerable appeared first on MacroBusiness.

Here is the problem. Anthony Albanese has publicly endorsed Kevin Rudd and confirmed Donald Trump told the Australian ambassador “all is forgiven” for the ambassador’s past criticism of the US President. The Prime Minister also confirmed Dr Rudd’s appointment as Ambassador to Washington was for a four-year period, which means he would stay in the

The post Sack Rudd now appeared first on MacroBusiness.

DXY is not going away. AUD is not out of the woods. CNY sideways. Gold hammer. As I keep saying, for a safe haven, gold is very volatile. AI metals hit too. Is the big bear over? In AUD, yes. EM reversed. Junk is still struggling. Bonds are bidly. Stocks struggled. Are we late cycle

The post Australian dollar frowns at US dollar smile appeared first on MacroBusiness.

Last week’s dwelling construction data was an absolute disaster. In the June quarter of 2025, only 40,524 homes completed construction, which was the weakest quarter of dwelling completions for 11 years (i.e., since the March quarter of 2014). In the 2024-25 financial year, total dwelling completions fell by 2% to 174,030, from 177,600 the previous

The post Clare O’Neil deceives Australians about housing appeared first on MacroBusiness.

South Australia seeks eight-hour batteries and flexible gas generators as it prepares its push towards target of 100 per cent net renewables by 2027.

We are seeing gigawatt levels of battery output at peak times, but we ain’t seen nothing yet: In about two years time, there will be around 16 GW of capacity.

Police say wind turbine destroyed in arson attack.