Will Precious metals pricing slow down? Doesn’t look like it

Gold and silver continue to surge, with both metals showing little sign of losing momentum. Buying remains broad-based and dips are still being met with strong demand, reinforcing the view that the trend remains firmly intact.

The Federal Reserve left interest rates unchanged, pointing to economic data that has generally come in better than expected. Ongoing resilience in growth and labour markets continues to give policymakers room to stay patient. A similar outcome is expected from the Reserve Bank of Australia, with rates widely anticipated to remain on hold, though markets are pricing a small but notable chance of a further rate increase.

Former President Donald Trump announced he plans to submit new Federal Reserve nominees as early as next week. The timing has drawn attention given the long-standing framework designed to keep monetary policy decisions separate from political influence – a separation central to maintaining market confidence.

Meanwhile, the US trade deficit continues to expand and is on track to become the third largest in US history, underscoring the persistent imbalance in global trade flows.

Always do your own research before making any investment decisions.

Enjoy today’s charts.

Gold Futures Technical Analysis  

Technical indicators for Gold Futures suggest a STRONG BUY on both monthly and weekly analyses.  

Technical Indicators – Monthly Projections  

Gold daily chart, with 50MDA

Silver daily chart, with 50MDA

US500, with 50MDA

ASX200, with 50MDA