Gold is performing better than gas and coal than the second largest export to Australia

The Australian government has announced that gold is nearby to switch to the second largest export commodity in the country, which has bypassed liquid natural gas, to the ‘extraordinary’ rise in the prices of precious metal to record levels. The Ministry of Industry, Science and Resources said in a report that alloys during the financial year 2025-2026, ie during the twelve months to next June, will rise to 60 billion Australian dollars ($ 39.6 billion), higher than 47 billion Australian dollars in the previous year, and about twice that was two years ago. This leap will compensate for part of the expected decline in the income of other commodities, such as iron ore. Gold continues with its strong performance. Gold has still achieved record profits over the past twelve months to become one of the best goods, amid the strengthening of central banks for their precious metal reserves, and the Federal Reserve for US interest rates has diminished, at a time when geopolitical tensions forced investors to raise demand for safe ports. On the other hand, liquid natural gas prices have partially dropped due to poor crude oil prices, while Coke prices, which are still an important export product. Also read: The price of a gram of gold affects $ 4000 for the first time. She added that “the renewed increase in gold prices with a reduction in US interest rates, which reduces the cost of alternative opportunities to own gold, as well as concerns about financial prospects in the United States and inflation in IT.” Australia’s high production. Australia is one of the most prominent gold producers, as its production is expected to increase from 340 tonnes in 2025-2026 to 369 tonnes in the next period. The Instant Alloys Prize recorded a record of more than $ 3976 per ounce on Tuesday, after prices have jumped more than half this year. Why do investors scramble in gold and composition? The ministry said that the total revenue of resources and energy exports, which includes iron ore, oil and gas, in addition to minerals such as lithium and copper, will reach 369 billion Australian dollars during the twelve months to next June, with a drop of about 4% on an annual basis. This revenue is also expected to drop more to $ 354 billion in 2026-2027. The ministry said that “the blur that surrounds the world conoma is still pushing the prices and profits of other commodities.” She added that the escalation of commercial obstacles and the ambiguity of the level at which these obstacles will stabilize leads to a disorder of the trade flow between the United States and other countries, and the rate of investment in some sectors delayed. 2025-2026. Despite the expected increase in the amount of exports, the prices are witnessing a decline with the entry of new mines, amid the exhibition of the steel supply in China, which is the largest global product. Group) To download the first group of iron ore from the Simfer in the “Simeno” area in the African Guinea.