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Story summary
- Gold prices rose 1.38% to US$3,635/oz, with miners experiencing gains of 20-40% since August.
- Interest in gold prospecting surged, especially in Australia, the hub of gold production.
- Veteran prospector Brent Shannon observed gold value doubling since early 2023, reaching record highs above US$3,500/oz.
- Central banks, notably in India and China, increased gold reserves, making it the second-largest reserve asset after the dollar.
- The Perth Mint reported increased sales of gold jewelry and coins, highlighting gold's status as a safe haven amid market volatility.
