The Wire

Gold prices have hit record high of over 6000 AUD an ounce, as investors turn towards safe-haven assets amid global uncertainties and geopolitical tensions.

And the gold rush isn’t just happening in global markets. At the Perth Mint, more than 7500 thousand customers have queued each week in the past fortnight, many lining up to buy gold bars as stocks run short.

As one of the world’s largest gold producers, Australia is feeling the ripple effects of this global gold rush, with other precious metals like silver and platinum are following closely behind.