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Precious metals market news
Gold Stays Vulnerable Despite Correction as Macro Risk Premium Lingers; Silver Faces Weaker Industrial Outlook – Sucden
Silver faces a tougher path due to softer industrial demand, with Sucden seeing it trade in a $56–$66 per ounce range through late September. While long-term themes mirror gold, slowing manufacturing …
abrdn's Robert Minter: Gold's $4000 Support Signals Strong Entry Point Beyond Fed Rhetoric
According to Robert Minter, Director of Investment Strategy at abrdn, gold holding support near $4000 per ounce shows the structural bull market remains intact. Investors should focus on long-term dri…
Gold Holds Steady Amid Oil Slump and Equity Gains
Gold prices steadied near $4,056.60 an ounce, rising 0.37%, while silver climbed 0.87% to $57.940. A sharp drop in crude and softer Treasury yields offset reduced safe-haven buying linked to U.S.-Iran…
Historian: Gold Revaluation Profits Would Benefit Washington, Not Private Holders
The United States continues to record its gold reserves at the statutory price of $42.2222 per ounce on official books, even though the market price exceeds $4,050. Total holdings of 261.5 million oun…
Gold Holds Steady as GDP and PCE Data Keep Fed Rate Risks Alive
Spot gold prices stayed nearly flat while silver slipped slightly ahead of the North American open on Thursday. Traders digested the Fed's rate hold, the latest GDP and PCE figures, firm Treasury yiel…
Binance Rolls Out Gold and Silver Options Trading
Binance has introduced USDT-settled European-style options for gold and silver. Traders can now express market views, trade volatility and hedge positions, building on prior demand where gold perpetua…
Gold and Silver Retreat as Dollar Strength Limits Rebound
Precious metals prices declined as the U.S. dollar strengthened and Treasury yields rose, capping any rebound after recent data. Spot gold traded near 4,057.10 dollars per ounce, down 1.11 percent, wh…
Spot Gold Trades Near Session Lows Below $4,030/oz Following Better-Than-Expected Consumer Sentiment Data
The precious metals market saw spot gold trading close to session lows below the $4,030 per ounce mark after fresh US consumer sentiment data emerged. The University of Michigan’s final July reading r…
Tether Adds 14 Tonnes of Gold in Q2 as Profits Reach $1.5 Billion
Tether, the issuer of the leading stablecoin, has expanded its physical gold holdings by 14 tonnes in the second quarter, reaching over 146 tonnes valued at around $18.8 billion. This move came alongs…
Gold Holds Value at $4,000 as Investors Look Past Fed Hawkishness
Robert Minter of abrdn noted investors are shifting focus to long-term drivers such as debt and central-bank demand. After the Fed held rates steady despite three votes for a hike, the dollar weakened…
Gold and Silver Retreat as Dollar and Yields Offset PCE Support
Spot gold and silver prices declined in late U.S. trading on Friday. A stronger dollar, higher Treasury yields and rising oil prices countered the positive effects from softer PCE inflation data relea…
Wall Street Split on Gold's Near-Term Outlook as Retail Bulls Weaken Ahead of Jobs Data
Gold showed choppy moves last week, holding above the 4000 level on dip buying and softer inflation figures. Yet the Fed's steady rates amid hawkish votes, rising Treasury yields and oil worries cappe…
Gold Holds Near Support Levels While Miners Deliver Record Cash Flows
Gold continues to consolidate near $4,000 an ounce amid rising real yields and persistent inflation that sustains elevated interest rates, raising opportunity costs for holding the metal. Yet gold pr…
Gold Demand Shows Resilience Despite Q2 Selloff Thanks to Central Banks and Asian Buyers - WGC
Asian physical buying stayed firm, with China posting a record 314 tonnes of bars and coins in the first half and India rising 9% to 50 tonnes. ETF outflows reached 45 tonnes and jewelry demand fell 1…
AI Bubble Burst Could Trigger Gold's Next Bull Run as Investors Seek Value, Says Fred Hickey
Veteran strategist Fred Hickey notes that enthusiasm for artificial intelligence has diverted massive capital from precious metals, yet cracks in this bubble are becoming evident. He stays bullish on …
Fed’s ‘hawkish hold’ steadies gold and silver yet defers uncertainty until September – Experts
The Fed’s decision to hold rates in a hawkish manner lent support to gold and silver prices, yet it pushed market uncertainty over inflation and rates out to September, analysts say. Jesse Colombo obs…
Gold Stays Above $4,100 as Softer PCE Eases Hawkish Fed Stance
Spot gold traded near $4,107.20 an ounce, up 0.55%, while silver gained 1.84% to $59.27 in late Thursday trading. The metals rebounded after the Fed held rates at 3.50-3.75% with three dissents for a …
Gold Jewelry Sales Persist as Panic Selling Fades
Gold has stabilized near $4,000 an ounce, yet estate dealers stay busy as consumers liquidate unwanted jewelry. Tobina Kahn of House of Kahn Estate Jewelers says the frenzy seen when prices hit nearly…
Gold Climbs Following Fed's Decision to Hold Rates Steady
The gold market posted a modest rally after the Federal Reserve decided to leave interest rates unchanged in the 3.50-3.75% target range. The central bank maintained its tightening bias, even as three…
Gold, Silver Hold Firm as Fed Pauses Amid Hormuz Oil Spike
Spot gold traded near $4,043.60 an ounce, up 0.12%, and silver near $57.26, gaining 0.23%, after the Federal Reserve held rates steady in the 3.50%–3.75% range. Three FOMC members dissented in favor o…
Retail Investors Buy the Dip as Royal Mint Reports Strong Demand for Digital Gold and Silver
Following a prolonged correction that sent precious metals into bear-market territory, retail investors are returning. The British Royal Mint reported steady gold and silver demand in the second quart…
CME Sees $60 Million Traded in Inaugural Weekend of 24/7 Gold Contract
Geopolitical uncertainty continues over weekends, driving investors toward CME Group's new 24/7 one-ounce gold futures. The debut weekend saw 15,000 contracts traded, representing roughly $60 million …
Commerzbank Lowers Gold and Silver Price Forecasts Amid Middle East Conflict
Commerzbank has revised its gold and silver forecasts downward for the second time in two months, now expecting year-end prices of $4,500 per ounce for gold and $67 for silver. Analysts cite persisten…
Fed to Hold Rates Until at Least September, Gold Stuck Neutral for 3-6 Months – SIA’s Cieszynski
According to Colin Cieszynski of SIA Wealth Management, the Federal Reserve is expected to keep interest rates unchanged at least until September amid sharp volatility in energy markets and inflation …
Gold and Silver Slide Ahead of Fed Decision
In late-afternoon trading Tuesday, gold stood near $4,027.40 an ounce, down 1.18%, while silver traded around $57.02, falling 2.19%. Both metals held above key supports yet faced resistance ahead of t…
China’s Gold Stockpile Could Surpass U.S. Holdings Within Five Years, BMO Says
BMO Capital Markets analysts highlight that China has built an above-ground gold stockpile of roughly 30,000 tonnes, well above official figures, accounting for about one-third of global demand flows.…
Gold's Next $1,000 Move Likely Higher as Fed Hawkishness Peaks, Says State Street's Doshi
Gold is poised to hover near $4,000 per ounce for the rest of summer amid uncertainty over Federal Reserve policy moves. State Street's Aakash Doshi argues that after this period, the metal's subseque…
Gold Holds Above $4000 Mark as U.S.-Iran Pause Eases Oil Pressure
Gold prices stayed firm above the $4000 level on Monday as a pause in U.S.-Iran attacks eased oil market pressure, though regional tensions persist. Spot gold traded near $4075.60 an ounce, up 0.59%, …
China Keeps Buying Gold Dips as Reset Unfolds Gradually, Middelkoop Says
Author of "The Big Reset" Willem Middelkoop argues China favors lower gold prices to keep accumulating. "China is a very active buyer of dips," he said, noting gold and silver demand is 150% to 200% a…
Spot Gold Hits Session Lows After U.S. Jobless Claims Drop to 187k
Gold prices reached session lows on Thursday morning after stronger-than-expected U.S. labor market data. The Labor Department reported 187,000 initial claims for the week ending July 18, below foreca…