2m agoMon 22 Sep 2025 at 9:57pm

ICYMI: Alan Kohler’s Finance Report11m agoMon 22 Sep 2025 at 9:48pmGold hits new highs

In precious metals, gold prices hit fresh record highs, buoyed by investors’ heightened expectations of a dovish rate-cut path, ahead of remarks by Fed officials and key inflation data later in the week.

“There’s a continued flow of safe-haven demand amid geopolitical matters that are still kind of wobbly, including the Russia-Ukraine war. Last week’s Fed interest rate cut and probably more Fed rate cuts coming by the end of the year” are also supporting prices, said Jim Wyckoff, senior analyst at Kitco Metals.

Spot gold rose 1.74% to $3,747.67 an ounce. US gold futures rose 2.03% to $3,745.90 an ounce.

With Reuters

13m agoMon 22 Sep 2025 at 9:45pmNvida and Apple lift Wall Street

All three of the major indexes on Wall Street have posted record closing highs for a third straight session on Monday, as shares of Nvidia rose after it said it would invest up to $US100 ($152) billion in OpenAI.

Also boosting indexes, shares of Apple rose after Wedbush raised the stock’s target price on strong demand signs for the iPhone 17.

Some Fed officials made remarks doubting the need for further rate cuts. Last week, the US central bank cut rates by 25 basis points and indicated more cuts would come atits upcoming meetings.

Both St. Louis Fed President Alberto Musalem and Atlanta Fed President Raphael Bostic, in separate remarks, said that while the Fed’s quarter of a percentage point rate cut at last week’s meeting was appropriate as a way to manage the risk of rising unemployment, lowering inflation remains the priority.

However, Fed Governor Stephen Miran, who last week dissented when the Fed cut the benchmark rate by a quarter of a percentage point and said a half-point cut was warranted, said on Monday that monetary policy “is well into restrictive territory.”

“There needs to be a catalyst for stocks to move materially higher, and markets appear to be kind of ignoring potential headwinds,” said Oliver Pursche, senior vice president and advisor for Wealthspire Advisors in Westport, Connecticut.

“We’re not making any calls that are broad-based or trying to time the market, but we’re certainly pointing out to clients and having portfolios reflect that we’re at all-time highs and valuations are getting stretched.”

Also worrying some investors were US President Donald Trump’s new visa fees for foreign workers, which drew widespread condemnation from technology executives and others across social media.

With Reuters

34m agoMon 22 Sep 2025 at 9:24pmASX to open higher

Good morning and welcome to Tuesday’s markets live blog, where we’ll bring you the latest price action and news on the ASX and beyond.

A rally on Wall Street overnight sets the tone for local market action today.

The Dow Jones index was up 0.2 per cent, the S&P 500 gained 0.4 per cent and the Nasdaq Composite advanced 0.7 per cent.

ASX futures were up 16 points or 0.2 per cent to 8,867 at 7:00am AEST.

At the same time, the Australian dollar was down 0.1 per cent to 65.94 US cents.

Brent crude oil was down 0.1 per cent, trading at $US66.59 a barrel.

Spot gold gained 1.7 per cent to $US3,745.

Iron ore rose 0.1 per cent to $US106.60 a tonne