Australian shares flat as energy gains offset gold stock weakness
Australian shares traded in a narrow range on Monday as strength in energy stocks from rising oil prices countered a 1% drop in gold miners, leaving the S&P/ASX 200 flat.
Gold Market
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Daily movements in the gold market and what is driving them.
Gold and silver fall as strong US jobs data fuels rate hike bets
Gold and silver prices fell as stronger US jobs data boosted expectations of higher interest rates. Analysts see a sideways trend ahead of US inflation data and the Fed's September meeting.
Gold falls as strong US jobs data pushes rate hike expectations higher
Gold prices fell on Friday after strong US employment data reinforced expectations of further Federal Reserve rate hikes, making the non-yielding metal less attractive.
Gold price slips further after strong US jobs report fuels rate hike bets
Gold extended its weekly losses on Friday, falling another 0.80% as the US dollar and bond yields rose on bets that the Fed could raise rates in September.
Gold steady ahead of US payrolls data after Thursday’s 2% jump
Spot gold held at $4,469.26 on Friday after a 2% rally on Thursday. Traders now await US payrolls data for clues on the Federal Reserve’s next rate decision.
Jefferies warns of structural bear market in US bonds, backs gold
Jefferies warns that sustained upward pressure on US Treasury yields could create a difficult backdrop for equities, particularly REITs. It stays bullish on gold and gold miners as a hedge against dollar debasement.
Birkin bags vs gold bars: which is the better store of wealth?
A Dubai story highlights the debate between luxury handbags and gold as investments. But experts caution that while some rare bags appreciate, gold remains more liquid and reliable for portfolios.
Gold steadies ahead of US payrolls data, set for weekly gain
Gold held steady on Friday as markets waited for US employment figures that could shape Federal Reserve rate policy. The precious metal is on track for a modest weekly gain.
US Mint's Trump coin sells out – but contains no gold
The US Mint’s new $1 coin featuring President Donald Trump sold out hours after release. The gold-coloured coin contains no actual gold, being made of copper, zinc, manganese and nickel.