Gold and silver markets are holding steady as global economic uncertainty builds once again. The Reserve Bank of Australia is widely expected to hold rates at next week’s meeting — though there’s quiet speculation that an increase could still be on the table to rein in stubborn inflation. That’s little comfort to Australian mortgage holders already feeling the squeeze of higher repayments.

In the US, the outlook remains mixed. GDP figures are pointing toward a full percentage point contraction, and Trump’s economic approval ratings are sliding as confidence wanes among households and investors alike. Inflation remains front and centre, leaving both the Federal Reserve and global markets in a difficult position.

For precious metals investors, that uncertainty often plays out as opportunity. Gold and silver have both consolidated in recent weeks, but renewed inflation pressures could see the metals resume their upward trajectory. As central banks navigate between growth and inflation, bullion continues to stand out as one of the few true hedges against economic turbulence.

Enjoy the weekend, remember to do your own research before investing and we’ll catch you next week with more news.

Market Snapshot

Gold – $AU6152
Silver – $AU74.88
US500 – 6859
ASX200 – 8921
AUD/USD – 0.6555

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)	Neutral
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