Gold rallies over 2% as falling yields offset Fed rate hike
Gold rose more than 2% on Thursday, reaching $4,361, as a drop in oil prices pushed the US dollar and Treasury yields lower, offsetting the impact of the Fed’s latest rate hike.
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Gold Market News
Original summaries of the reporting that moves the gold price, with every source linked.
How the Spot Gold Price Is Set and Who Sets It
The spot gold price emerges from a hybrid of London benchmark auctions and electronic futures trading, with central banks and bullion banks playing key roles.
Commodity outlook: gold, silver and crude after the latest Fed rate hike
Gold, silver and crude oil remain in focus as markets digest the latest US Fed rate hike. Analyst Vandana Bharti shares key levels and the outlook through 2026.
How the LBMA Gold Price Auction Works and Differs from Spot
The LBMA Gold Price auction is a twice-daily benchmark-setting process that differs fundamentally from the real-time spot price traded on exchanges.
Gold and silver slide as US Fed raises rates, oil concerns ease
Gold and silver prices dropped sharply on the MCX on Thursday after the US Federal Reserve raised interest rates and signalled further tightening. Easing oil supply concerns added to the pressure.
Gold falls more than 1% after Fed raises interest rates
Gold prices fell more than 1% after the US Federal Reserve raised interest rates and signalled further increases, pushing the dollar higher and pressuring non-yielding bullion.
New Found Gold starts commercial output at Hammerdown mine
New Found Gold has reached commercial production at Hammerdown in Newfoundland after two months of sustained throughput and recovery. Shares rose more than 5% on the news.
Gold rises ahead of Fed rate decision; focus on Warsh comments
Gold prices rose on September 16 supported by a weaker US dollar. Traders awaited the Federal Reserve's policy decision, with markets pricing a 90% chance of a quarter-point rate hike.
Gold price slides as Federal Reserve delivers hawkish 25 bps rate hike
Gold prices erased gains and slid after the Federal Reserve hiked rates by 25 bps to a 3.75-4.00% range, with most officials projecting at least one more increase this year.