Gold Market
Daily movements in the gold market and what is driving them.
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.
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.
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.
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 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.
Frank Giustra says ordinary investors have not joined gold's rally, leaving room for further gains as central banks buy on dips.
Gold traded flat near $4,140 on Tuesday as a stronger US dollar and elevated yields were offset by reduced expectations of a Federal Reserve rate hike this month after weak payrolls data.
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.