Spot pricing for Gold $AU6325

Spot pricing for Silver $AU78.50

Spot pricing for Platinum $AU2444

Gold has begun to recover after its recent pullback from all-time highs, finding stability as markets brace for fresh inflation data out of the US. The upcoming CPI report is tipped to show annual inflation jumping back over the 3% mark — a move that could pressure the Fed to keep interest rates higher for longer.

US retail sales are also in focus this week, with forecasts suggesting a slowdown heading into Black Friday and the broader holiday season. Consumer caution is becoming more apparent as households juggle tighter budgets and higher credit costs.

Meanwhile, the recent US Government shutdown has finally come to an end, but underlying labour market indicators remain uneasy. Job openings are softening, and wage growth momentum appears to be tapering off — both signs that the economic cycle is beginning to cool.

In housing, the balance has shifted. Home sellers now outweigh buyers across much of the US, pointing to an impending softening in property prices as affordability challenges take their toll.

Against this backdrop, gold’s resilience stands out once again. After weathering a sharp correction, the metal continues to hold firm – reminding investors why it remains the go-to hedge when confidence in the broader economy starts to crack.

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

Enjoy today’s charts.

Gold daily chart, with 50MDA