I joined ABC News, who were reporting on the shifting outlook for markets, to discuss how fading U.S. exceptionalism, a weaker dollar and concerns about China have unsettled investors and driven a rush to gold. While ASX 200 earnings expectations for FY26 have lifted sharply, supported by strong iron ore and gold prices, parts of the market, particularly artificial intelligence (AI) and data centres, look stretched. With rate hikes back in play, this reporting season may test some optimistic assumptions.

Watch here: ABC The Business – Falling US dollar and global uncertainty spark modern day gold rush