Jun 26, 2026 – 10.17amGold bugs have been busily recalibrating their portfolios – and even pivoting to other resources – as the threat of rising interest rates in the United States sent bullion tumbling below $US4000 an ounce this week.Some major investors are increasingly focusing on copper and rare earths after trimming their exposure to the precious metal, while others have shifted away from the speculative end of the ASX gold market toward more established miners.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles