Oct 10, 2025 \u2013 8.50am<\/p>\n
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Subscribe now<\/a><\/p>\n Already a subscriber? Login<\/p>\n We\u2019re pretty sure that \u201cbatshit crazy\u201d isn\u2019t a technical term in financial markets, but it\u2019s hard to disagree with the assessment of recent moves in precious metals by Societe Generale strategist, Albert Edwards.<\/p>\n Gold\u2019s historic surge through $US4000 an ounce this week might have grabbed headlines, but it\u2019s the context behind that move that matters. Since Federal Reserve chairman Jerome Powell used his speech at the central bank\u2019s annual Jackson Hole symposium in late August to flag cuts to official US interest rates, the spot gold price has surged 20 per cent<\/a>, taking its gains since the start of the year to 52 per cent. Silver is up 64 per cent, platinum is up 86 per cent and palladium is up 50 per cent. Edwards is right about those bats.<\/p>\n Loading…<\/p>\n","protected":false},"excerpt":{"rendered":"Oct 10, 2025 \u2013 8.50am Gift this article Subscribe to gift this article Gift 5 articles to anyone…\n","protected":false},"author":2,"featured_media":201513,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[64,63,99,171],"class_list":["post-201512","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-au","tag-australia","tag-business","tag-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/201512","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=201512"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/201512\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/201513"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=201512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=201512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=201512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}