MUFG’s Senior Currency Analyst Lee Hardman notes that the RBA delivered a second consecutive 25 bps hike to 4.10%, now the highest policy rate among G10 central banks, and that Australian Dollar gains versus the US Dollar were initially strong but faded. Despite a narrow 5–4 vote and Governor Bullock’s cautious guidance, markets still price

TD Securities analysts note that US rates rallied as markets stabilised, with attention on Fed policy expectations and geopolitical headlines. While hike odds have risen, they pushes back, arguing the hawkish outcome is more likely a prolonged pause. The upcoming 20-year bond reopening and developments in the Middle East are seen as key drivers for

Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $80.62 per troy ounce, down 0.40% from the $80.94 it cost on Monday. Silver prices have increased by 13.41% since the beginning of the year.

Gold did something unusual on Monday: it dropped toward $4,900, its lowest level in a month, during an active Middle East conflict in which the Strait of Hormuz is partially blocked and oil is trading near $84 per barrel. By Tuesday March 17, it has bounced back above the $5,000 psychological level and is trading