Gold Market
Original summaries of the reporting that moves the gold price, with every source linked.
Gold prices dropped more than 2.5% on Friday after Federal Reserve Chair Kevin Warsh delivered hawkish remarks at Jackson Hole. A rising US dollar and higher Treasury yields pushed the yellow metal lower.
A Taurex study covering 2020 to August 2026 shows Google as the best-performing asset (+291%), while Bitcoin fell 30%. Gold, Apple, Microsoft and BAE Systems each delivered gains of more than 100%.
Motilal Oswal advises investors to favour gold over silver, even as Indian equity headwinds ease. The brokerage remains neutral on equities but overweight mid- and small-caps.
Gold traded little changed near $4,604 an ounce on Friday as investors looked ahead to Federal Reserve Chair Kevin Warsh’s speech at the Jackson Hole symposium for clues on interest rate policy.
Troilus Mining has received a letter of interest from Finnvera for up to $132 million in export credit support to finance equipment for its gold-copper project in Quebec.
Spot gold turned higher on Thursday, trading near $4,610 after touching a weekly low of $4,566. The dollar softened and Wall Street rallied on strong Nvidia earnings, while Fed officials sounded hawkish at Jackson Hole.
An analyst suggests gold could reach the $4800-$5000 resistance zone, but a short-term pullback of 5-7% is possible. Silver and the GDX ETF may fall 10-20%.
The US ended dollar-gold convertibility in 1971. Decades later, central banks buy gold at the fastest pace since Bretton Woods. We examine the paradox.
Gold and silver opened higher on the MCX on Thursday, supported by falling oil prices and a softer dollar, as traders look ahead to Fed Chair Kevin Warsh's Jackson Hole speech.