Markets Steady as Politics and Policy Drive Headlines

Spot pricing for Gold $AU5251

Spot pricing for Silver $AU51.07

Spot pricing for Platinum $AU1533

Australian markets opened the week with a renewed sense of direction, following a decisive Labor landslide that has given voters clarity on the government’s agenda over the next term. Investors responded with cautious optimism, encouraged by the likelihood of stable policy settings and continued infrastructure and energy reform. The ASX remained largely unchanged in early trade, but sector-specific gains were noted in construction and clean energy stocks.

Meanwhile, US politics continues to stir volatility. Former President Donald Trump has floated the idea of slapping tariffs on international film and television imports—a move that could hit Australia’s entertainment exports hard. Industry analysts warn that such a policy, if implemented, would create a ripple effect across production, distribution, and streaming revenue in Australia, which has grown increasingly reliant on international co-productions and licensing deals.

In commodities, gold is showing signs of resilience. After a brief dip, the yellow metal has bounced back and is consolidating strongly around the $US3,400 mark. The rebound suggests continued investor interest as a hedge against geopolitical uncertainty and a potentially inflationary trade war environment, should Trump’s latest threats materialise.

Enjoy today’s charts.

Gold daily chart, with 200MDA

Silver daily chart, with 200MDA

US500, with 200MDA

ASX200, with 200MDA