FxAnalysis

Gold is in a bullish consolidation phase in Asia on Thursday, following the recent pullback from three-week highs of $4,774.

A 6% Producer Price Index print, the hottest in nearly four years, landed on a market that has spent most of 2026 quietly preparing for the wrong policy regime.

Copper price surged to record highs, nearing $14,200 per ton in May, as AI-driven demand collided with mounting supply fears linked to the Middle East war. The rally could have major implications for Australia, one of the world’s largest mining economies.

Bitcoin (BTC) spent the past week chopping around the $80,000 region as traders weighed renewed macro uncertainty against still-constructive institutional demand and improving crypto policy momentum.

Silver (XAG/USD) has surged above the $83-$84 resistance zone, reaching a two-month high near $87 per troy ounce, with OCBC and Commerzbank citing a technical breakout, strong industrial demand, and supply concerns as primary catalysts.

The Australian Dollar (AUD) has emerged as one of the strongest G10 currencies this year, with AUD/USD climbing to its highest level in nearly four years above the 0.7200 area.