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Oil, Gold, and Kogan’s Gamble | Perth News
Description
The Aussie market’s on hold this week, barely budging as oil surges past $96 a barrel thanks to US-Iran tensions in the Strait of Hormuz — keeping investors jittery ahead of possible rate hikes. Gold stocks slump as rates climb, but iron ore hits $100/tonne, lifting miners like BHP and Rio Tinto. Tech and consumer shares take a hit, while Austal hints at a takeover and Worley secures big copper deals. And for a wild twist — Kogan’s founder is betting his entire pay package on the stock: $50M if it soars, or charity if it tanks.
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