Gold's next move: Safe haven or stalling rally?

Gold has been one of the standout investment stories of the past year, reaching record highs amid geopolitical tensions, inflation concerns and growing uncertainty across global markets. In the inaugural episode of the Australian Resources & Investment Podcast, host Dylan Brown speaks with Robin Tsui, APAC Gold Strategist at State Street Investment Management, to unpack the forces driving the gold market in 2026. The discussion explores the impact of Middle East tensions, oil prices, inflation expectations and interest rate policy, while examining the growing role of central bank gold purchases and the global trend toward de-dollarisation.  Robin also explains why institutional investors may still be underexposed to gold, how Bitcoin compares as an alternative asset, and what could drive the next leg of the precious metal's performance. For investors seeking insight into one of the world's most closely watched commodities, this episode provides a timely outlook on where gold may head next.