Aussie investors went on a buying frenzy after the ‘trimmed mean inflation’ (which is the RBA’s preferred measure) eased back from 4% to 3.9% in June. The market then decided the RBA won’t have to raise rates which is why our market roared higher….Everyone had plenty of green in their portfolios – ETPMAG added 3.37%, PMGOLD put on 2.34% and CHN rallied 8.5%
*Trimmed mean inflation removes some items that experience the highest price rises and also takes out others that come in at the low end. So...

On Thursday, gold prices set a new record. With spot gold prices jumping more than 0.4% to a record high of $2,161.19 an ounce, while gold futures expiring in April hit a peak of $2,168.10 an ounce.
But why the rise in gold prices?
Broadly, gold is benefitting from optimism about U.S. monetary policy and investors’ hopes for lower interest rates.
On Wednesday, Federal Reserve Chair Jerome Powell said that interest rates could be cut at some poi...