Gold Spot Price AUD
$6131.88

Silver Spot Price AUD
$99.27

Platinum Spot Price AUD
$2527.46

SpaceX has officially entered rare air. Following its much-anticipated IPO, the company’s valuation has reportedly surged to around $2.6 trillion, placing it among the five largest companies in the world. It is a remarkable achievement for a business that only a decade ago was still proving reusable rockets could work at scale.

The valuation reflects more than just enthusiasm for space travel. Investors are increasingly valuing SpaceX as a critical piece of future infrastructure. Between satellite communications, launch services, defence contracts and the long-term potential of global internet coverage through Starlink, many see the company as far more than a traditional aerospace business. Whether the valuation proves justified over time remains to be seen, but it highlights how willing markets remain to pay a premium for businesses that are viewed as leaders in emerging industries.

Meanwhile, precious metals continue to drift in a very different direction. Both gold and silver remain below their 50-day moving averages, suggesting the broader short-term trend remains weak. The encouraging sign for bullion investors is that selling pressure appears to be easing. Neither metal is experiencing aggressive downside momentum, and recent trading sessions have shown small attempts to stabilise.

For gold, investors continue to weigh inflation concerns against the possibility of tighter monetary policy for longer. Silver faces many of the same pressures but carries the additional influence of industrial demand. With economic growth expectations remaining mixed across major economies, neither metal has yet found a strong catalyst capable of pushing prices decisively higher.

Markets now find themselves in an interesting position. Growth-focused investors are celebrating trillion-dollar technology companies and future-facing industries, while traditional safe-haven assets remain stuck in a holding pattern. History shows these periods rarely last forever. Eventually, either economic optimism justifies current equity valuations, or investors begin looking for protection elsewhere. For now, the market appears comfortable betting on growth.

The coming weeks may prove important for bullion. If inflation data remains stubborn or geopolitical tensions re-emerge, gold and silver could quickly find the catalyst they have been lacking. Until then, both metals remain in recovery mode rather than breakout territory.

Enjoy today’s charts

Gold daily chart, with 50MDA