Gold shares lift Chinese equities as Middle East tensions simmer
Chinese mainland benchmarks edged higher on Tuesday, supported by gold, agriculture and energy shares, while technology stocks dragged. Hong Kong fell on Middle East concerns.
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Original summaries of the reporting that moves the gold price, with every source linked.
Gold Holds Near $4,400 as US Inflation Data Looms – Commerzbank
Gold has stabilised around USD 4,400 per ounce as markets turn their focus to US inflation data. Commerzbank notes that futures imply a 60% chance of a rate hike, leaving room for a volatile week.
Gold correction tests $4,280 support after failing at $4,700
Gold reversed from the $4,700 area and corrected to $4,280 before bouncing. A bearish trend line at $4,480 now caps the recovery attempt.
Gold edges higher as US dollar retreats, all eyes on US CPI data
Gold price edges higher in Asian trade as the US dollar retreats from a three-week high. Traders await US inflation data for Fed policy clues, while geopolitical tensions cap gains.
Gold edges higher as dollar weakens ahead of US inflation data
Gold prices edged higher on Tuesday as the US dollar softened. Traders are now focused on upcoming inflation data that could shape the Federal Reserve’s interest-rate path.
How Carlin-type deposits shaped Newmont and Barrick into gold giants
The Carlin trend in Nevada produced millions of ounces of gold and turned Newmont and Barrick into global leaders. First production began in 1965 after a geologist's report guided exploration.
Gold awaits bigger catalysts beyond Friday’s US CPI data
Gold’s price range of 4,230–4,697 remains intact. Friday’s US CPI may shift prices within that zone, but the bigger forces are the Fed’s expected rate peak, oil normalisation and the dollar debasement trade.
Gold demand shifts as jewellery weakens but ETF investment holds strong
Gold demand is showing a clear divergence: jewellery buying weakens due to high prices and changing sentiment, while ETF investment demand stays strong. Analyst Kunal Shah explains the trend.
Gold slides 0.4% on hot US jobs data, Fed rate hike bets rise
Gold dropped more than 0.4% on Monday after Friday’s US jobs report beat expectations, boosting bets that the Federal Reserve will raise interest rates again. Markets now price a 60% chance of a move in September.