Investors are trading out of shares and currencies and into gold – but experts are wary of a correction

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Prakas buys a bit of gold every year, always on a Saturday, for the Hindu festival Diwali. This year, thousands of gold-hungry Australians and a record-breaking price surge got in the way.

“I’ve never seen anything like this,” he says. “Maybe I’ll just buy a smaller version … if I can’t afford [it] … just to fulfil the tradition.”