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Australia Raises Rates: Gold and Silver Face Volatility

2/6/2026

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Summary

Story summary

The Reserve Bank of Australia raised its policy rate to 3.85% amid higher inflation above the 2.5% target.
Asian investors should prepare for increased volatility in gold and silver after price declines, with gold at $4,864 per ounce and silver at $73.
Analysts expect demand to rise ahead of the Lunar New Year.
Silver posted its worst one-day performance since 1980.

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Story summary

The Reserve Bank of Australia raised its policy rate to 3.85% amid higher inflation above the 2.5% target.
Asian investors should prepare for increased volatility in gold and silver after price declines, with gold at $4,864 per ounce and silver at $73.
Analysts expect demand to rise ahead of the Lunar New Year.
Silver posted its worst one-day performance since 1980.