Spot pricing for Gold $AU52439

Spot pricing for Silver $AU62.83

Spot pricing for Platinum $AU2183

Gold has soared again, breaking through the US$3,500 mark and pushing confidently higher as investors continue to flock to safe havens. Inflation, rising government bond yields, and uncertainty over tariffs have all helped drive the surge, with the metal trading at fresh record levels. Markets are now watching closely to see if momentum carries gold beyond this point, or whether profit-taking slows its rise.

The timing couldn’t be more unnerving for equity markets. September is historically the worst month for stocks, with the so-called “September effect” weighing heavily again this year. Both Wall Street and global markets are under pressure, with investors already spooked by weak sentiment, higher yields, and the looming risk of slower growth. Traders are split between seeing this as a temporary seasonal dip or a sign that deeper cracks are forming.

Meanwhile, Washington has taken a bold step into the semiconductor sector. The U.S. government will secure a 10% stake in Intel, making it the company’s largest shareholder, in a move valued at close to US$9 billion. The deal, stemming from the CHIPS Act, is designed to safeguard domestic production and protect supply chains at a time when technological sovereignty has become a national priority. The move has been welcomed by some as strategic foresight, but critics have already raised concerns about government overreach into private industry.

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

Enjoy today’s charts.

Gold daily chart, with 50MDA