Markets absorbed a mix of data this week, with the US Federal Reserve opting to keep interest rates unchanged—signalling stability amid ongoing geopolitical and trade tensions. Despite the continued tariff stand-off, US consumer confidence rose, suggesting households remain resilient in the face of economic uncertainty.

The US economy also outpaced expectations, with GDP growing at 3% for the quarter — comfortably beating analyst forecasts. The jump adds fuel to the notion that the US economy may be entering a stronger-than-expected phase, even as rate hikes are paused.

In Australia, the Reserve Bank has been given a green light to cut interest rates, following confirmation that inflation is now sitting comfortably below the 3% mark. While this opens the door for near-term easing, economists remain divided over whether further cuts will follow. With growth lagging and the cost of living still high, the pressure is building for broader stimulus measures beyond monetary policy.

Gold continues to trade in a narrow range, but recent price movements mirror previous consolidation phases that were followed by strong gains. If past patterns hold, a recovery may be on the horizon—especially if macro headwinds persist and investors seek out safer ground.

Market Snapshot

Gold – $AU5119
Silver – $AU57.20
US500 – 6330
ASX200 – 8669
AUD/USD – 0.6426

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)	Overbought
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