Markets Look Beyond Trump Rally as Gold Pauses and US Dollar Dips

Markets ended the week cautiously optimistic, brushing against pre-Trump levels despite a backdrop of policy jitters and investor fatigue. Share indices have largely clawed back losses from the early 2025 slump, but the rally appears to be tapering amid concerns around tariffs, fiscal spending, and the broader stability of the US administration’s economic direction.

Meanwhile, the US dollar has come under sustained pressure, shedding around 10% since January. The sell-off in US bonds—particularly the 30-year yield spiking above 5.14%—has rattled currency traders. Moody’s recent downgrade of the US credit outlook has added to concerns about rising debt levels and waning global confidence in Washington’s fiscal discipline.

Gold, which has been one of the standout performers this year, remains firmly above its 200-day moving average. But momentum appears to be slowing. Traders are beginning to eye a potential consolidation phase as the metal shows signs of exhaustion after its recent run to historic highs. For now, it’s a market cautiously weighing inflation risks, global tensions, and whether the current bullish trend can hold.

Market Snapshot

• Gold – $AU5141
• Silver – $AU51.64
• US500 – 5843
• ASX200 – 8343
• AUD/USD – 0.64

Gold Futures Technical Analysis  

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

Technical Indicators - Monthly Projections  

Summary for Monthly Forecast: Strong Buy  

Charts today

Gold Daily, with 200MDA

Silver Daily, with 200MDA

US500 Daily, with 200MDA

 ASX200 Daily, with 200MDA