Gold soars to record; PM calls for calmer debate; NRL beats AFL in TV battle
Published: October 06, 2025
Gold soars to record; PM calls for calmer debate; NRL beats AFL in TV battle
News in brief
Prime Minister Anthony Albanese has called for Australians “to turn down the temperature” of public debate, after the Australian Federal Police charged a man for making threats to kill the prime minister on social media.
ASIC has issued a scathing report card on the way the $4.3 trillion super industry and the country’s major auditing firms value unlisted assets, after it emerged that the nation’s second-largest super fund had written down a US investment worth almost half a billion dollars.
In the battle of the football codes, TV ratings matter, and this year the National Rugby League Grand Final beat the AFL Grand Final, with an average audience of 4.5 million, making it the largest television event of 2025. The AFL Grand Final had an average audience of 4.1 million.
Warren Buffett’s Berkshire Hathaway is back buying assets – and given it has about $US344 billion in cash, it’s about time. Berkshire will purchase Occidental Petroleum Corp.’s petrochemical business for just under $US10 billion.
US President Donald Trump has urged everyone involved in efforts to end the Gaza war to "move fast" as mediators were set to meet in Egypt overnight for indirect peace talks between Hamas and Israel.
Fear-o-meter
How high can gold go? There is little doubt that it will push through $US4,000 an ounce. Arguably, gold has been the biggest winner from Donald Trump’s presidency, and investors in the precious metal are delighted.
Gold is a safe haven asset – a good place to be in turbulent times. Central banks around the world, including China, understood the turbulence early and have been investing in gold for many, many months.
Gold doesn’t give a coupon rate or a regular payment. You only get a return if its price appreciates. As a result, it is a bit dull for many investors. It is why many institutional and retail investors have stayed away.
But in a world full of geopolitical and economic uncertainty, gold has rediscovered its lustre and it everyone seems to be jumping on board, rightly or wrongly.
Fear & Greed Q+A today
Jason Entwistle on what AI can offer Accountants and Advisors.
"At the moment, Accounting and Advice are struggling with the demand for their services and being challenged by the lack of supply coming through. And so we have a situation where there are not enough graduates in the Accounting and Advice industry, through university, coming through to meet the demand required in our industry to deliver to their clients. So productivity, therefore, is a big issue. And artificial intelligence
gives us the promise that we can really step change the productivity in practices."
It is Tuesday, the 7th of October 2025. The gold price has hit a new record, just shy of $US4,000 an ounce, a level seemingly unattainable just a year ago, as the shutdown of the US federal government triggered a run to safe haven assets. The price of an ounce of gold hit $US3,929.91 yesterday. It has doubled in price since the beginning of last year. The main reasons for the run are geopolitical and economic uncertainty, and investors' demand for safe-haven assets, including central bank demand.
Greed-o-meter
| Commodity | Price change (%) |
|---|---|
| Gold | +46 |
| Silver | +60 |
| Copper | +23 |
| Lithium | -2 |
| Iron ore | 0 |
| Brent | -14 |
| Coal | -16 |
| Uranium | +14 |
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Commodity price changes 2025
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Source: tradingeconomics.com