00:00Gold just keeps getting more expensive by the day.
00:05Prices went up by another US$300 in the past week, as there are a lot of nervous people
00:10out there.
00:11Especially after Donald Trump threatened new tariffs against China, backed down a little,
00:16and then threatened China again with a boycott against its cooking oil.
00:19Against that backdrop, gold hit a new record of US$4,358 an ounce.
00:25Its poorer cousin silver is also near a record, while the oil price dropped to a five-month
00:29low, after President Trump confirmed he'll be meeting up with Russia's President Vladimir
00:33Putin to discuss ending the war in Ukraine.
00:37And the prospect of Russian oil sanctions being lifted down the track, and more oversupply,
00:41led to energy being the most heavily sold-off sector on the share market, though nearly
00:46every sector got hit pretty hard today.
00:48The net result was a 0.9% drop for the All Lords, which is no longer at a record high.
00:53So while shares of gold miners surged, it was an especially bad day for critical mineral
00:58stocks and insurance companies like QBE, for no obvious reason.
01:02And it came after a sell-off overnight across Wall Street's regional banks, some of which
01:06have disclosed problems with risky debt and fraudulent loans, which also affected sentiment
01:11on Asian markets.
01:13The Aussie dollar, meanwhile, has slipped to US$64.7, while Bitcoin, at around US$108,000, has
01:20fallen quite a bit from its recent peak.
01:23And finally, this chart shows the huge difference between the so-called digital gold and actual
01:28gold during an on-and-off-again trade war.
01:31And lately, it seems the physical stuff is the safe haven asset that people prefer during
01:36times of uncertainty.
01:38And that's ViNet.
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