Gold has rebounded strongly this week, climbing back above US$4,000 an ounce. Silver has recovered above US$52.The recovery began early in the week as diplomacy involving Iran sent oil prices lower, easing fears of energy-driven inflation. The bigger move came on Wednesday after the US midterm...
Gold fell about 3% for the week and dipped below US$3,900 an ounce on Friday, its lowest level of 2026 and roughly 30% under its January peak. October marked a second straight monthly loss. Silver fell below US$50 for the first time since November 2025.The Federal Reserve held rates at 3.75% to 4....
Gold fell about 4% for the week, its steepest decline in more than four months, and dropped below US$4,000 an ounce on Friday for the first time since mid-July. It closed near US$3,998.Two forces combined. Oil climbed back above US$100 a barrel, reviving inflation worries and expectations that US...
Highlight: Geopolitics and inflation were back in the headlines. Attacks and ongoing disruption in the Strait of Hormuz pushed oil prices higher, and President Trump waived extra tariffs of up to 100% on major buyers of Russian energy. US inflation surprised on the upside: headline CPI rose to...
Gold edged 0.4% lower for the week to around US$4,175 an ounce, as a run of stronger-than-expected US inflation data reinforced expectations of further rate rises. Silver and platinum also finished lower.US consumer prices accelerated in September, with annual inflation reaching 3.7%, and producer...
Highlight: Geopolitical risk rose and growth showed signs of slowing. Middle East tensions pushed energy prices higher, while the US eased sanctions on Russian diesel. In the US, the budget deficit reached almost US$2tn for fiscal 2026, about 6% of GDP and well above the historical average of 3.8...
Gold recovered to around US$4,194 an ounce, a weekly gain of about 1.3%, after touching a two-month low mid-week. Silver also finished slightly higher.The low came on Wednesday, when the US dollar reached an 18-month peak and 10-year Treasury yields sat near two-decade highs. Minutes from the Fed's...
Highlight: Geopolitics, energy and the Fed were the focus again. A weaker-than-expected US jobs report and steady PCE inflation reduced expectations of near-term rate hikes. September payrolls rose by only 29,000 against forecasts of 90,000, and unemployment ticked up to 4.2%. Elsewhere, inflation...
Gold closed the week near US$4,140 an ounce, down about 3% and its largest weekly fall since June. It followed a September in which the metal lost more than 6%, after the US Federal Reserve raised rates for the first time in three years.The pressure came from a firm US dollar, elevated Treasury...
Highlight: Geopolitics took centre stage. After the Trump–Xi summit, the US and China agreed to extend their trade truce by two months, to January 10. However, the US–Iran stalemate continued, keeping energy prices high and inflation worries alive. The economic data was mixed: business activity...
Highlight: Central banks dominated the week. The Fed raised rates by 25bp to 3.75%–4.00%, its first hike in three years, and signalled at least one more increase this year. The Bank of Japan also hiked by 25bp to 1.25%, while the Bank of England held at 3.75% but hinted at further tightening....
LONDON, 18 June, 2024 - More than eight in ten (81%) of
respondents to a central bank survey have indicated that they expect
reserve managers will continue to increase their gold holdings in the
next 12 months, according to new data released by the World Gold Council
today1. This is the highest...
