Iron ore retreated 5% on China property sector weakness and disappointing manufacturing PMI readings. Gold surged past $2,650/oz as investors sought safe haven assets amid geopolitical tensions. The RBA maintained its patient stance on rates while acknowledging improved inflation trajectory.

NCM soared 6% as gold strength benefited the company's recent acquisition of Red Lake assets. Production growth trajectory improves materially with the Cadia expansion complete. At $23.60, exposure to Australian gold production offers inflation protection with strong balance sheet support.

BXB showed resilience with steady operational results and cost management initiatives. The supply chain services company benefits from industrial goods production continuation. At $16.40, the 3.2% yield combined with defensive business model appeals to risk-averse investors.

RHC climbed steadily as healthcare services demand accelerated with aging population trends. Private hospital expansion in growth corridors supports volume gains. Watch for momentum around $44 where positive earnings surprises often catalyst further upside.

Spring market shows typical seasonal patterns with buyer competition easing slightly. Regional markets continue to outperform capitals as investor interest diversifies geographically.

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