Gold wavers after US jobs surprise, but long-term outlook remains bullish
Gold prices wavered after a surprisingly strong US jobs report, but analysts see the pullback as temporary amid rising debt, bond yields, and geopolitical tensions.
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Original summaries of the reporting that moves the gold price, with every source linked.
Kunal Shah names five buy-on-dip commodities including gold and sugar
Kunal Shah of Nirmal Bang remains bullish on commodities. He names gold, silver, copper, crude oil and sugar as top buy-on-dip picks, citing central bank buying and supply constraints.
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 price holds near $4,400 as mixed signals keep traders cautious
Gold opens the week near $4,400, caught between rate hike fears from strong US jobs data and support from a stable dollar. Technical indicators suggest consolidation.
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’s two-week slide tests support but long-term trend intact
Gold posted a second consecutive weekly loss, settling at $4,477 on Friday. The week’s low of $4,329 was below the prior support zone before a bounce.
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 Slides Nearly $100 After Strong US Jobs Data
Gold dropped nearly $100 on Friday after a surprise surge in US nonfarm payrolls boosted rate-hike expectations. The metal is set for a second consecutive weekly loss, and traders now look to next week's inflation data.
Central banks shift gold to London ahead of possible system shock
De Nederlandsche Bank has shipped 86 tonnes of gold from New York and Ottawa to London, citing geopolitical unrest. France has already emptied its gold from the New York Fed. The moves point to a deeper concern about liquidity in a crisis.