The Reserve Bank of Australia (RBA) raised the cash rate to 3.85%, marking its first rate hike in two years. This decision boosted the Australian dollar against major currencies, with the AUD/USD pair surging. The move signals tighter monetary policy amid improving inflation and economic data. Gold and silver prices rebounded as investors sought safe-haven assets, while global stock markets rose. Bitcoin remained under pressure below ,000, reflecting ongoing crypto market weakness. The lack of expected US military action against Iran also eased geopolitical tensions, supporting risk-on sentiment.