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The gold rush is on globally as investors chase the traditional safe haven metal, in the face of global uncertainty. It topped $US4,000 an ounce for the first time. Fears of a US recession are rising as the US government shutdown shows no signs of resolution and policy chaos out from the Trump administration continues. Independent Economist, Saul Eslake, says "one of the many ways the Trump administration is trashing America's brand is by eroding the confidence that investors and central banks around the world, have long held in US bonds and the US dollar as a safe haven in times of uncertainty." The shine came off gold at the end of the week as a Middle East peace deal was brokered. Morningstar's Lochlan Halloway says that played out in a sell-off in gold stocks. During the week, copper prices rose to near record highs. The program also looks at the challenges of taking on a mortgage in the later stages of your life. The RBA governor Michele Bullock was quizzed at Senate Estimates about the central bank cutting interest rates to record lows during the pandemic and whether it contributed to higher house prices and Australia's biggest manufacturers, including BlueScope Steel warned the nation's "broken" east coast gas market could cost thousands of jobs and derail the government's Future Made in Australia policy.
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