Gold and silver prices lifted again overnight, with gold holding firmly and silver continuing to close the gap after its recent breakout. Safe-haven interest remains elevated as uncertainty lingers across multiple fronts.

In the U.S., the S&P 500 continues its upward march, defying a mixed bag of economic data and political noise. Despite signs of economic softening, markets appear to be pricing in an optimistic landing – soft or otherwise.

Meanwhile, Trump’s trade tactics remain anything but predictable. After touting a new deal with China earlier this week, his administration announced further tariff changes overnight, causing fresh waves of uncertainty for global importers and exporters. Markets have grown somewhat numb to the daily shifts, but longer-term consequences are stacking up.

Closer to home, the Reserve Bank of Australia seems to be preparing for rate cuts behind closed doors, but in public messaging, it’s warning households not to count on them. This mixed signal strategy is aimed at curbing inflation expectations without triggering a surge in consumer borrowing – but for average Aussies, it’s mostly just confusing.

Investors remain cautious but active, with the outlook for interest rates, inflation, and global trade policy all in flux heading into the weekend.

Market Snapshot

Gold – $AU5184
Silver – $AU55.75
US500 – 6031
ASX200 – 8585
AUD/USD – 0.6531

Gold Futures Technical Analysis

Technical indicators for Gold Futures suggest a STRONG BUY on both monthly and weekly analyses.

Technical Indicators – Monthly Projections

RSI(14)	Overbought
STOCH(9,6)	Buy
STOCHRSI(14)	Overbought
MACD(12,26)	Buy
ADX(14)	Overbought
Williams %R	Overbought
CCI(14)	Buy
ATR(14)	High Volatility
Highs/Lows(14)	Buy
Ultimate Oscillator	Buy
ROC	Buy
Bull/Bear Power(13)	Buy

Summary for Monthly Forecast: Strong Buy

Charts today

As the market continues to show volatility, we’re starting to look closer at charts, and are now showing a 50MDA (red line).
Today, you’ll be able to see the explosive movement for Silver.

Gold Daily, with 50MDA