Gold’s Usual Autumn Pullback: A Correction in Context
Gold fell 11.7% from late August to late September, a typical autumn pullback. The selloff was driven by surging Fed rate hike expectations and mean reversion after a strong rally.
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Gold Market News
Original summaries of the reporting that moves the gold price, with every source linked.
Pension funds turn to gold as bonds lose their hedging power
Gold is finding a durable place in pension-fund portfolios as bonds offer less protection against inflation and market shocks, according to the World Gold Council.
Gold heads for second weekly loss as dollar and yields strengthen
Gold is heading for its second straight weekly drop, pressured by a stronger US dollar and higher bond yields. Traders are focused on upcoming payroll data for clues on Federal Reserve policy.
Gold steadies below $4,200 as traders await US jobs data
Gold trades in a narrow range below $4,200 during the European session on Friday as traders await the US Nonfarm Payrolls report for fresh directional cues.
Gold stuck below $4,200 as traders turn focus to US jobs report
Gold has returned to the red zone in Asia after failing to reclaim $4,200, trading near $4,172 as markets await US jobs data that could determine the next directional move.
Gold rebounds above $4,150 as US yields retreat from multi-decade highs
Gold rose to near $4,180 in early Asian trading on Friday as US Treasury yields eased from multi-decade highs. Focus now turns to the US September nonfarm payrolls report, which could influence the Fed's rate path.
Gold slips 0.6% to $4,154.78 as dollar and yields weigh
Gold fell 0.6% to $4,154.78 an ounce, heading for a second weekly decline as a stronger US dollar and elevated Treasury yields pressured bullion.
Gold futures climb past ₹1.50 lakh per 10 grams on MCX
Gold futures on the MCX gained 0.99% to ₹1,50,511 per 10 grams on Thursday, supported by fresh positions and firm spot demand. International prices also moved higher.
Gold Rallies on Soft PCE, Then Reverses: Long-Term View Stays Bullish
Gold briefly spiked above $4,200 on soft PCE data but quickly reversed, leaving the metal near its year-low. We examine the short-term headwinds and why the longer-term picture still favours higher prices.