{"id":200625,"date":"2025-10-09T15:01:11","date_gmt":"2025-10-09T15:01:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/200625\/"},"modified":"2025-10-09T15:01:11","modified_gmt":"2025-10-09T15:01:11","slug":"massive-queue-in-sydneys-cbd-exposes-huge-surge-in-gold-trading-as-prices-soar-to-record-high","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/200625\/","title":{"rendered":"Massive queue in Sydney&#8217;s CBD exposes huge surge in gold trading as prices soar to record high"},"content":{"rendered":"<p>Sydneysiders have been spotted queuing outside gold dealers as the price of the precious metal surged to a record high.<\/p>\n<p>Gold dealer ABC Bullion in Sydney&#8217;s Martin Place, in the CBD, attracted a huge crowd on Thursday, with Aussies patiently queuing outside the building throughout the morning.\u00a0<\/p>\n<p>Similar queues were seen on Wednesday with a crowd of largely retirees and families spotted waiting by the entrance, with the line persisting throughout the day and into the afternoon.\u00a0<\/p>\n<p>The price of gold has surged to a record high of about $US4,000 per ounce and is perceived as a stable choice for investment amid market volatility.<\/p>\n<p>Alister Berkeley, managing director of <a class=\"body-link\" href=\"http:\/\/www.berkeleyadvisory.com.au\" rel=\"nofollow noopener\" target=\"_blank\">Berkeley Advisory<\/a>, noticed a &#8220;ten-deep queue at 8am&#8221; outside his Martin Place office on Thursday.<\/p>\n<p>&#8220;Queues like this signal a classic flight to safety amid ongoing uncertainty,&#8221; he told SkyNews.com.au.<\/p>\n<p>&#8220;With gold surging past US$4,000 per ounce, a new record high\u2014following two years of persistent inflation, escalating geopolitical tensions, and squeezed household budgets, Australians are turning to tangible assets they can trust.&#8221;<\/p>\n<p>&#8220;Gold offers certainty in an era of fiat currency debasement and potential devaluation risks from central banks and governments increasing the money supply (M2) to record levels.<\/p>\n<p>&#8220;Anticipation of interest rate cuts is fuelling further momentum.&#8221;<\/p>\n<p>Sydneysider Emily Scott, who has been investing in gold bullion for ten years, got &#8220;a bit of a shock&#8221; seeing the long line of people queuing up when she went to top up her own supply.<\/p>\n<p>\u201cI know the price is going up, I just wanted to top mine up,\u201d she told <a class=\"body-link\" href=\"https:\/\/www.news.com.au\/finance\/economy\/australian-economy\/huge-surge-in-gold-trading-in-australia-as-prices-hit-record-high\/news-story\/a23bb3fb376594ff726f62fbbb40ddee\" data-tgev=\"event119\" data-tgev-container=\"bodylink\" data-tgev-order=\"a23bb3fb376594ff726f62fbbb40ddee\" data-tgev-label=\"finance\" data-tgev-metric=\"ev\" rel=\"nofollow noopener\" target=\"_blank\">news.com.au<\/a>.<\/p>\n<p>&#8220;People are wanting to invest in precious metal, it\u2019s secure and stable.\u201d<\/p>\n<p>Angus Kidman,\u00a0money expert at Finder, explained market uncertainty is increasing the attractiveness of gold as an investment.\u00a0<\/p>\n<p dir=\"ltr\">\u201cGold prices often soar in periods of uncertainty, and that&#8217;s been very evident in markets this year,&#8221; Mr Kidman said.<\/p>\n<p dir=\"ltr\">&#8220;Other traditional safer havens such as bonds and the US dollar have become less attractive amidst tariff uncertainty and the chaotic nature of decision-making in the Trump administration.<\/p>\n<p dir=\"ltr\">&#8220;As a result, investors have turned to gold, driving prices up. Google Trends data shows Australian searches on investing in gold surging in the past few days.<\/p>\n<p dir=\"ltr\">&#8220;With that said, it&#8217;s still not a fully mainstream choice; just nine per cent of Australians say that they think it&#8217;s the right time to invest in gold and other commodities, Finder consumer research shows.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Sydneysiders have been spotted queuing outside gold dealers as the price of the precious metal surged to a&hellip;\n","protected":false},"author":2,"featured_media":200626,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[64,63,125446,99,45107,40434],"class_list":{"0":"post-200625","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-au","9":"tag-australia","10":"tag-australian-gold","11":"tag-business","12":"tag-gold-bars","13":"tag-gold-bullion"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/200625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=200625"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/200625\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/200626"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=200625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=200625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=200625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}