Monday: Gold defies pressure of higher yields

China is expected to report flat GDP growth, with signs of state spending to achieve Beijing’s growth targets for 2026. And New Zealand’s inflation is slightly above forecast, before another rate hike expected next week. In our deep dive interview, ANZ Commodity Strategist Soni Kumari explains the unusual strength in gold prices at the same time as higher bond yields: investors are worried about fiscal sustainability risks. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/