Thursday: Gold hits record high over US$2,900/oz
Gold hits a new record high as the US 10 year yield falls to its lowest point this year.; China holds the Yuan strongly amid depreciation pressure; and New Zealand’s job market loosens enough to green-light the RBNZ to cut 50 basis points this month. In our bonus deep dive interview, ANZ Senior Commodities Strategist Daniel Hynes explains what’s behind the surge in gold prices to record highs and a 5% fall in oil prices since Trump’s inauguration. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/