RBA facing two threats: higher inflation and Iran war impact on petrol prices. Hike was dovish, guided by data.
Asks about equity market complacency.
Haslinda Amin
Wayne Gordon
Equity market operating on hope, crude market on constraints. Haven't seen peak oil prices.
Asks about gold strategy.
Haslinda Amin
Wayne Gordon
Buyer of gold dip under $5000/oz. Gold spikes initially in crises then pressured by rate hike expectations and strong dollar, but recovers when central banks react to growth impact.