Australia just lifted its commodity export forecast on the back of surging gold prices and surprisingly resilient iron ore demand. Gold's on a tear right now—the rally shows no signs of slowing down. Meanwhile, iron ore is holding its ground even as Chinese steel output starts cooling. What's interesting here is the broader economic signal: when commodity markets get this hot, it usually reflects something bigger happening in the global economy. For crypto folks, this matters. Gold's been the traditional safe-haven play for decades, but the dynamics driving precious metals higher often track with macro conditions that ripple through digital assets too. Chinese steel production softening is worth watching—it could signal either a slowdown in infrastructure spending or shifts in production cycles. Either way, these commodity moves are pieces of the puzzle when thinking about where risk appetite and market rotation might be headed.