Old-fashioned gold more popular than ever

Old-fashioned gold more popular than ever
Dan Brunskill
Hedging high inflation, speculating for profit, avoiding a banking collapse, and preparing for the zombie apocalypse – are just some of the reasons people have been buying up gold at usually high rates.Gold prices have been on an upwards tear over the past two years, climbing 20% since the start of 2020 to trade at over US$1,942 (NZ$2,867) today.Prices have run up 6% in the past month alone as the threat of Russia invading Ukraine made people nervous about disruption to the financial system, as well the fringe possibility of nuclear war.S...

More Markets

Steel & Tube dampens NZ sharemarket
Markets

Steel & Tube dampens NZ sharemarket

Company predicts its full-year earnings will be down from market consensus forecasts.

Staff reporters 14 Jun 2024
Steel & Tube has ‘controlled the controllables’, CEO says
Markets

Steel & Tube has ‘controlled the controllables’, CEO says

Company's shares rose 3% immediately after guidance issued. 

Rebecca Howard 14 Jun 2024
Demand pricing may be coming to a movie theatre near you
Markets

Demand pricing may be coming to a movie theatre near you

NZX-listed Vista is rolling out a suite of AI innovations.

Fletcher's succession saga unsettles shareholders
Markets

Fletcher's succession saga unsettles shareholders

Building giant's existing board allegedly identified a preferred CEO candidate.