Gold Market
Summaries produced by the GoldRate.info market desk from primary reporting, with sources linked on every article.
Gold approached a breakout last week but lost momentum, settling back above $4,200. Sticky inflation, rising bond yields, and a Fed rate hike expectation counterbalanced geopolitical oil supply risks.
China’s central bank bought 650,000 troy ounces of gold in August, its largest monthly addition since late 2023, extending a buying run into its 22nd consecutive month.
The Federal Reserve faces a tough call at its September meeting, but with US debt at $40 trillion and a fragile economy, the outcome may matter little for gold investors in the longer run.
Gold edged lower on Monday as rising oil prices fuelled inflation worries. Traders now price in an 86% probability of a US rate hike, a headwind for the non-yielding metal.
Gold trades in a narrow range just above $4,300 as a resilient US dollar and expectations of hawkish decisions from the Fed, BoE, and BoJ this week cap gains.
Gold is subdued around $4,330 at the start of a key week for the Federal Reserve. Rate hike expectations and rising bond yields are weighing on the precious metal.
Gold’s weekly parabolic long trend, confirmed in mid-August, is showing signs of fatigue after three consecutive down weeks. The FOMC meeting and inflation data may decide its fate.
Gold Runner Exploration has expanded the Golden Girl property from 5,873 to 14,480 hectares in BC's Golden Triangle following an airborne magnetic and radiometric survey. New claims cover glacial retreat areas near the Snip mine.
Gold stabilised on Friday after a sharp 2% drop, with traders eyeing US inflation data for clues on the Fed's next move. Key technical support at $4319 is being tested.