The report discusses the role of gold in Australian investment portfolios in the context of Australia's macroeconomic shifts expected in 2026.
Australia's economy continues to grow but faces resurgent inflation and tightening monetary policy by the Reserve Bank of Australia. Gold has delivered positive returns across all RBA rate regimes since 2010 and has appreciated notably in Australian dollar terms since 2022. It provides meaningful downside protection during equity market stress and offers a macro hedge and portfolio diversification amid uncertainty for Australian investors.