Spot pricing for Gold $AU6003

Spot pricing for Silver $AU71.63

Spot pricing for Platinum $AU2416

Gold and silver prices continue to consolidate, holding well above their longer-term moving averages but leaving some recent buyers uneasy after purchasing near the highs. Dealers report steady but more cautious trading activity, as investors weigh whether this period of sideways movement signals a breather before the next leg up or the start of a deeper correction.

Meanwhile, in Australia, the conversation around housing affordability has taken another turn. Economists are now suggesting that home ownership could soon become a “distant dream” for the majority, drawing comparisons to parts of Europe where renting for life has become the norm. The combination of high interest rates, elevated property prices, and limited new housing supply continues to put pressure on would-be first home buyers.

In the broader economy, corporate headlines are painting a similar picture of caution. Amazon and other large global companies have announced sweeping layoffs, adding to growing concerns that higher-for-longer interest rates and slowing consumer spending are starting to bite. While markets have shown resilience, the recent wave of job cuts could point to broader structural shifts as companies tighten costs heading into 2026.

For precious metal investors, these signals reinforce gold and silver’s role as both a safe haven and a hedge against long-term uncertainty – even as prices take a breather from their recent highs.

Thanks for reading – and always do your own research before making any investment decisions.

Enjoy today’s charts.

Gold daily chart, with 50MDA