Gold surged earlier in the week, hitting fresh highs before consolidating slightly, as investors scrambled for safe havens amid renewed tariff chaos. With global markets rattled by unpredictable trade threats, bullion’s performance reflected a broader flight to safety. While gold’s momentum has paused, silver has quietly outperformed again, recording stronger percentage gains for the week as industrial demand and speculative flows picked up.

On the economic front, US durable goods orders are due tomorrow, with a sharp drop expected. These figures serve as a key gauge of business investment and may confirm growing concerns about a cooling US economy. Adding to the picture, consumer confidence data is scheduled for release next week and should provide a clearer sense of how Americans are feeling under the weight of persistent inflation and high interest rates.

Meanwhile, geopolitical risk continues to underpin precious metal demand. In Ukraine, ceasefire efforts have collapsed once again, with drone attacks reported deep into contested territory. The escalating conflict is pushing regional instability back into focus. Simultaneously, talks between Trump and the Israeli leadership to resume ceasefire negotiations have reportedly stalled, adding to the sense of uncertainty in the Middle East.

The combined pressure of economic fragility and global unrest is reinforcing gold and silver’s appeal as safe havens. As uncertainty mounts, both retail and institutional investors appear content to hold their positions in precious metals.

Market Snapshot

Gold – $AU5110
Silver – $AU59.44
US500 – 6372
ASX200 – 8676
AUD/USD – 0.6594

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)	Buy
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