Gold treads water before US jobs data
Gold prices held steady in early Asian trade on Thursday as investors awaited US nonfarm payrolls data that could influence the Federal Reserve's next policy move.
Gold Market
Gold prices held steady in early Asian trade on Thursday as investors awaited US nonfarm payrolls data that could influence the Federal Reserve's next policy move.
Gold remains close to a two-week low near $4,460 as Fed Chair Warsh’s hawkish tone and oil-fuelled inflation fears push September rate hike probability above 65%.
Gold and silver have rallied sharply, but renewed US rate hike fears after Fed Chief Kevin Warsh's Jackson Hole speech have clouded the near-term outlook. We compare the two metals.
Gold is consolidating near $4400 on Monday, a day after suffering its largest single-day loss in more than two months following hawkish remarks from Fed Chair Warsh.
After a strong rally in gold and silver, ICICI Direct's Pankaj Pandey advises investors to adopt a long-term perspective and not chase short-term gains.
Gold steadied near $4,450 an ounce on Monday after suffering its steepest loss in over two months, as Fed Chair Kevin Warsh's commitment to fighting inflation drove bets on a September rate rise.
A study by Taurex shows traditional assets including gold, Google and BAE Systems have delivered strong gains since end-2020, outperforming volatile crypto markets.
Gold, silver, platinum and palladium each have distinct supply, demand and market characteristics that affect their behaviour as assets.
A guide to reading CFTC positioning data for gold futures, explaining the three trader categories and how changes in their net positions can signal shifts in market sentiment.