Brent crude rose above $105 a barrel and the US dollar index reached its highest level since April 2025 on October 12, as Houthi attacks on Saudi airports and Strait of Hormuz risks drove energy and safe-haven demand.
Tag: gold
Posted inMarkets
Gold Slips to $4,140 as Weak Payrolls Fail to Offset Rising Yields
Gold fell 0.9 percent to $4,140 on Friday after September’s 29,000 payrolls print failed to hold yields lower, with the 10-year Treasury climbing back toward 5.26 percent and the dollar near a 17-month high.
Posted inMarkets
Gold Stays Heavy Below $4,401 as Fed Rate Hike Odds Climb to 87%
Spot gold is struggling below $4,401 with key technical support at $4,286, as traders price in an 87% probability of a Federal Reserve quarter-point rate increase at Wednesday’s FOMC meeting.
Posted inMarkets
Gold Retreats to $4,405 as August Payrolls Cement Federal Reserve Hike Bets
Spot gold fell 0.5 percent to $4,405 on September 7 as August payrolls nearly tripled expectations, pushing September Fed hike probability to 58 percent.
Posted inMarkets
Gold Surges to $4,712 as Treasury’s Doubled Buybacks and Iran Tensions Drive Demand
Spot gold reached $4,712.60 per ounce on August 24, up nearly 15% in a month, as the US Treasury’s decision to double long-term debt buybacks and the Iran conflict sustained safe-haven buying.
Posted inMarkets
Gold Holds Above $4,400 as Cooling CPI Dims September Rate-Hike Bets
Gold futures held near $4,408 per ounce on August 13 after two consecutive months of cooling US inflation reduced the probability of a Federal Reserve rate hike in September to around 34%.
Posted inMarkets
Gold Climbs 2.1% to $4,342 as US Jobs Shock Revives Rate-Cut Bets
Spot gold rose 2.1% to $4,342 on Friday after US payrolls fell 23,000 in July, reviving rate-cut bets and lifting the metal from a three-month low.
Posted inMarkets
Gold Holds Bear Market Territory, Down 27% from January’s Record High
Spot gold traded at around $4,059 on July 25, extending a decline of more than 27% from its January peak of $5,597, as sticky inflation delays Federal Reserve rate cuts.
Posted inMarkets
Softer June CPI Eases Rate-Hike Bets, Lifting Stocks and Gold
US June inflation came in at 3.5% annually with core CPI at 2.6%, pushing the S&P 500 up 0.38% to 7,543 and gold nearly 2% higher to $4,080 an ounce on Tuesday.
Posted inMarkets
Dow closes at record 52,900 as gold tops $4,182 on June payrolls miss
The Dow hit a record 52,900 on 2 July and gold surged to $4,182 as the June jobs miss slashed the odds of a Federal Reserve rate hike at its 29 July meeting.