AUDUSD has surged 1.2% to 0.6842, marking its strongest level since October 2024.
The move is supported by Australia’s role as a major mining exporter. With gold prices pushing and staying higher, a lift in mining exploration could be likely.
Improved risk mood has not been enough to cool the metals rally. Gold is attempting to hold above the key resistance zone around $4,890 to $4,900.
Silver is also pressing higher, trying to settle above $96.00. The gold silver ratio has pulled back below 52.00, potentially reinforcing the near-term outperformance in silver.
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