The fact is that, thanks to Trumps tariffs and the US purchasing Aussie gold as a safe haven, Australia has finally recorded its own trade surplus for the first time in 20 years, since signing a lop-sided free trade agreement with them that has given America an endless stream of surpluses. Source
In politics, everything usually happens beforehand, in my opinion. Therefore, there's a possibility that our high level bureaucrats from both sides have come to a consensus that has lead to Trump consenting to the face-to-face meeting on Tuesday.
To secure a better deal on Australian gold, the US may focus on long-term supply agreements, potentially involving more investments in Australian mining operations, or it could explore innovative financial instruments that mitigate currency risk for both nations. Directly addressing potential US tariffs on gold imports could also create a more stable and predictable trading environment.
Whatever may or may not have been agreed upon, Trump and Albanese both need a deal. Our rich critical minerals and how we can be a secure partner going forward will be a strength of our offerings. Their military capabilities is what we need and if that doesn't pull through, trade talks with the new leaders of Japan and South Korea will be just as important. Therefore, it is not as though both leaders are going to the table from a weak position.
The duality of gold and potentially world-class silver play, puts BGD at the right time in the right place.
All IMO, DYOR, GLTA(patient)H
BGD Price at posting:
88.0¢ Sentiment: None Disclosure: Held
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