Markets continue to push ahead despite a wave of negative headlines, with both the US500 and ASX200 shrugging off tariff-driven inflation concerns and a steady stream of poor economic data. The disconnect between market performance and the economic outlook remains stark, as investors seem more focused on momentum than fundamentals.

Fresh Producer Price Index data out of the US jumped sharply, hinting at higher Consumer Price Index figures in the coming months. Inflationary pressure from tariffs appears set to feed through the system, putting more weight on central banks already juggling slowing growth with stubborn prices.

In Australia, millions of mortgage holders are enjoying the relief of recent RBA rate cuts, with lower repayments easing household budgets. But the move may also prove a double-edged sword, as new buyers are forced to compete with a wave of borrowers now able to carry more debt, potentially pushing property prices further out of reach.

Gold remains caught in the middle of its recent trading pattern, with pressure mounting from both bullish and bearish sides. Traders are watching closely for the next catalyst, with the coming week likely to decide whether the metal breaks higher or slips lower.

Enjoy the weekend, remember to do your own research before investing and we’ll catch you next week with more news.

Market Snapshot

Gold – $AU5139
Silver – $AU58.55
US500 – 6475
ASX200 – 8886
AUD/USD – 0.6496

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