Economic Indicators - The Australian dollar has risen above 70 cents against the US dollar, with a potential interest rate hike anticipated due to inflation reaching nearly 4% [1] - Headline inflation in Australia is reported at 3.8%, while core inflation (Trimmed Mean) is lower at 3.3%, indicating a sticky inflation scenario driven primarily by rising electricity prices [11][12] - The increase in inflation has raised questions about previous interest rate cuts by the Reserve Bank of Australia (RBA), particularly in light of government power bill rebates that have now ended [14][15] Commodity Market Insights - Gold and silver prices are experiencing significant increases, attributed in part to a declining US dollar [1] - A report from Reuters suggests that the US may reconsider its price supports for rare earths miners, which could impact the critical minerals market [3] - The iShares Silver Trust has seen approximately US$35 billion in trades, indicating strong market interest in silver, comparable to the turnover of the SPDR S&P 500 ETF [8][9][10]