Spot pricing for Gold $AU5140

Spot pricing for Silver $AU58.03

Spot pricing for Platinum $AU2045

Markets keep climbing even as the alarms around inflation continue to ring. Trump has again put pressure on Powell to reduce interest rates, calling for a more aggressive stance to stimulate the economy. Whether the Federal Reserve takes that cue is another matter, with inflation already proving sticky. Costs in food, energy and services are all pushing higher, sparking renewed concern about how long inflation will remain an issue.

US pending home sales are expected to print negative this month, adding weight to the growing view that housing markets may finally soften. Australia feels much the same, with confidence easing and prices showing the first hints of weakness. After years of speculation around an inevitable dip, we may now be seeing the early signs of a real correction.

Despite the backdrop, equities continue to defy gravity. The ASX200 and the US500 both climb higher, driven by enthusiasm around AI-led growth and corporate efficiencies. Investors are betting that the sector will provide enough momentum to outpace softer fundamentals elsewhere.

Gold sits right in the middle of its recent daily pattern, with the RSI hovering around 45. Traders are watching closely for any breakout signal, though for now the precious metal looks steady rather than directional.

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

Enjoy today’s charts.

Gold daily chart, with 50MDA