Gold rises over 1% as US Treasury buyback announcement looms
Gold rose more than 1% on Wednesday, supported by the US Treasury's announcement of a bond buyback for September 10, even as the US Dollar clawed back some losses and yields edged higher.
Gold Market
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Gold slips as Middle East tensions fuel inflation fears
Gold prices fell on Wednesday as intensifying conflict in the Middle East pushed crude oil higher, stoking inflation fears and raising expectations of a US interest rate hike.
Gold edges higher on soft dollar as markets await US inflation data
Gold and silver gained internationally as the dollar softened. Traders are watching US inflation data for clues on the Fed's next move.
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.
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 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.
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.
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.
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.