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QAU ETF: Gold Prices Reach New Heights Amid Central-Bank Buying

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USD AUD
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The Betashares Gold Bullion ETF, Currency Hedged (ASX: QAU) has been in focus due to gold's surge to record levels, driven by central-bank buying, geopolitical uncertainty, and safe-haven demand.

QAU offers Australian investors exposure to the price of physical gold, with the currency exposure hedged back into Australian dollars. The fund holds physical gold bullion, with a currency hedge that neutralises most of the effect of AUD/USD movements.

The gold price has been trading at historically elevated levels, around US$4,000 to US$4,300 an ounce in 2026, making QAU a popular choice among investors seeking a portfolio shock absorber.

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