Spot pricing for Gold
$AU5133

Spot pricing for Silver $AU58.21

Spot pricing for Platinum $AU2063

The Reserve Bank of Australia has trimmed its cash rate by 25 basis points, the latest sign that policy makers are ready to pivot toward more supportive settings as economic growth slows. Local banks have already hinted at passing on the cut to borrowers, though there’s speculation the RBA may move again if inflation remains well within target.

In the US, Donald Trump has called on the Federal Reserve to slash rates, arguing the economy needs more aggressive monetary easing. His comments follow a steady print in annual CPI at 2.7%, a figure that gives the Fed room to manoeuvre without fuelling inflation fears.

Meanwhile, the US monthly budget deficit has widened sharply — blowing out by more than $50 billion, a jump of around 25% compared to the prior month. Analysts warn that sustained fiscal gaps of this size could eventually weigh on confidence in US debt markets.

Geopolitically, the humanitarian crisis in Gaza is approaching a tipping point. Aid agencies warn that the region’s population is facing critical shortages, while Israeli leaders are bracing for global backlash over the blockade’s intensifying impact.

Gold and silver prices continue to reflect the uneasy balance between economic optimism from rate cuts and the safe-haven bid from ongoing geopolitical tensions.

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Enjoy today’s charts.

Gold daily chart, with 50MDA