Gold price dips to $4,268/oz as U.S. new home sales rise 6.4% in August
Spot gold is trading near session lows on Thursday morning after the latest data showed the U.S. housing market improving beyond expectations in August.New home sales rose 6.4% last month, double the expected 3.2% increase, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development announced.
Gold price breaks 50-day support as oil rebound lifts inflation pressure - Kitco AM Report
Spot gold prices were modestly lower and spot silver prices were under heavier pressure in early U.S. trading Thursday, as rising oil prices, elevated Treasury yields and firmer Fed rate-hike expectations offset safe-haven demand tied to the U.S.-Iran conflict.
Gold under pressure as jobless claims remain below 200K, supporting further rate hikes
The gold market remains under pressure and could face further losses as the U.S. labor market remains fairly resilient, with the number of American workers applying for first-time unemployment benefits remaining below a critical level.
Gold (XAUUSD) Price Forecast: Gold Breaks 50-Day MA Support as Yields Hit 2007 High
Gold price slips below its 50-day MA as 10-year Treasury yields hit a 2007 high and October Fed hike odds jump to 77.5%.
Gold Muted as Oil, Treasury Yields Resume Climb
Gold was flat in early Asian trade, staying under $4,300 a troy ounce as a rebound in oil prices and Treasury yields overnight pressured the precious metal.
Gold breaks $4,300 as Fed hike odds jump after PMI - Kitco PM Report
Spot gold and silver prices were sharply lower after the U.S. close Wednesday, as a stronger-than-expected U.S. PMI print lifted Treasury yields, strengthened the dollar and pushed traders to price a higher probability of another Fed rate hike in October.
Gold's bull run isn't over: TD Securities sees next leg above $5,000
Gold continues to struggle as prices fall below critical support at $4,300 an ounce; however, one bank sees limited downside for the precious metal as the environment looks ripe for a renewed drive above $5,000 an ounce.
Gold (XAUUSD), Silver, Platinum Forecasts – Gold Drops Below $4300 As Traders Bet On Hawkish Fed
Strong dollar and rising Treasury yields put significant pressure on gold markets.
Gold price will hit $4,900/oz in 2026 on strong sovereign demand as China buys 75% more than reported in July – Goldman Sachs
Central bank gold purchases remained strong through July, and China appears to be buying far more bullion than official reports have disclosed, supporting a year-end price target of $4,900 per ounce, according to Goldman Sachs Research.
Spot gold drops to $4,280/oz as flash S&P composite PMI improves to 58.4 in September
The gold market is selling off after the latest U.S. data showed the services sector improving beyond expectations this month, while the manufacturing sector also strengthened.S&P Global reported on Wednesday that its flash Composite Purchasing Managers Index (PMI) rose to 58.4 in September, up from August's reading of 56. The number was above expectations, as economists had forecasted a reading of 55.2.
Gold and Silver Price Forecast: Fed Hike Bets Cap Gains as Oil Falls
Gold and silver remain in tight ranges as oil falls below $100, while Fed rate-hike bets keep their next breakouts in doubt.
Gold (XAUUSD) Price Forecast: Gold Price Faces More Selling as Rate Hikes Delay Breakout
Gold prices slide as three central bank hikes and stubborn inflation keep sellers in control. Watch yields, $4,384 resistance and $4,296 support.
