How US interest rate expectations move the gold price
Because gold pays no interest, its price is closely tied to expectations of US rate changes. Markets react before the Fed acts, making the outlook more important than the decision itself.
Gold Market
Gold Market News
Original summaries of the reporting that moves the gold price, with every source linked.
China extends gold buying streak to 23 months as forex reserves dip
China's central bank added gold for a 23rd consecutive month in September, taking holdings to 77.47 million ounces, even as forex reserves slipped to $3.4 trillion on dollar strength.
Gold industry sees price rising to $5,013 an ounce over next year
LBMA officials predict gold will reach $5,013 an ounce within a year, with silver, platinum and palladium also forecast to rise sharply amid rate concerns and geopolitical tensions.
Sun Summit drills high-grade gold at JD Project, extends Creek Zone
Sun Summit Minerals reports assay results from 13 holes at the Creek Zone, including 23.5m of 4.35 g/t gold, extending mineralization 100m along strike. Results support a planned resource estimate in Q1 2027.
Cathie Wood predicts Bitcoin at $1.5 million, says it will outperform gold
ARK Invest CEO Cathie Wood predicts Bitcoin could reach $1.5 million by 2030, outpacing gold, as institutional adoption and AI drive demand. Her bullish stance contrasts with Warren Buffett's scepticism.
Gold’s 26% correction improves entry point, says Tata MF
Tata Mutual Fund notes gold has corrected 26% from its 2026 peak, potentially improving the entry for long-term investors, while cautioning against short-term timing.
Gold slides to $4,110 support as resistance caps recovery attempts
Gold dropped to $4,110 after failing to stay above $4,250. A bearish trend line and moving averages cap recovery. Key resistance at $4,260; support at $4,080.
Gold bounces from two-month low but upside looks limited
Gold rose above $4,150 in European trade on Tuesday, bouncing from a two-month low near $4,100. A pause in the dollar’s rally and receding Fed rate-hike bets offered support, but headwinds persist.
Cambria targets late 2027 restart of Premier gold mill
Cambria Gold Mines has set a new target of late 2027 to restart the Premier gold mill in northern British Columbia, after its first production ramp-up was derailed by insufficient underground feed.