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Commodity Prices Boost Australian Earnings, Gold Markets Remain Cautious

Guavy AI Editorial Team
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Gold Natural Gas
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Australia's resources sector is experiencing significant growth, driven by sustained high commodity prices. BHP, Australia's largest miner, reported a 30% increase in fiscal 2026 underlying attributable profit, reaching US$13.2 billion.

Meanwhile, Woodside Energy's first-half 2026 underlying net profit after tax rose by 7%, benefiting from elevated oil and LNG prices.

The robust earnings of Australian companies are being interpreted as a potential indicator of broader commodity demand. However, current pricing for gold futures suggests a tempered expectation, with the likelihood of reaching $15,000 by December 2026 remaining low.

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