Gold bears remain in control as trendline caps recovery attempts
Gold ticked higher on Monday but remains in a bearish configuration. A trendline at $4211 caps upside and the larger downtrend stays intact.
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Summaries produced by the GoldRate.info market desk from primary reporting, with sources linked on every article.
Gold ticked higher on Monday but remains in a bearish configuration. A trendline at $4211 caps upside and the larger downtrend stays intact.
Gold closed lower for the week despite a weaker-than-expected US jobs report, as bond yields reversed and rose. Analysts suggest further downside may present a buying opportunity.
Gold is trading just below $4,150, little changed on Monday, as the US dollar rallies to its strongest level since April 2025. Disappointing US jobs data and geopolitical tensions are pulling the metal in opposite directions.
Gold is under selling pressure after the Fed raised rates. Ten-year Treasury yields near 5.25% and a dollar index above 101 outweigh geopolitical support for the metal.
Gold price gained momentum to near $4,160 in early Asian trade on Monday after US Nonfarm Payrolls missed expectations, reducing the likelihood of a Fed rate hike this month. Rising US-Iran tensions also provided support.
The world’s 50 most valuable mining companies shed $264 billion in September – the second-worst month on record – as gold’s summer rally unravelled and lithium stocks nearly disappeared from the ranking.
Gold's weekly trend flipped short after a sharp fall, but $4,000 support remains. Analysis of the outlook and key economic data.
Gold fell 11.7% from late August to late September, a typical autumn pullback. The selloff was driven by surging Fed rate hike expectations and mean reversion after a strong rally.
Gold is finding a durable place in pension-fund portfolios as bonds offer less protection against inflation and market shocks, according to the World Gold Council.