The Trump administration is considering easing sanctions on shadow fleet tankers to lower record global freight rates, a US official says.
Gold rose in early Asian trade on a possible technical correction, after front-month gold futures settled lower overnight
Gold prices continue to struggle in the face of persistent inflation pressures and growing expectations for higher interest rates; however, one bank continues to see short-term weakness as a buying opportunity and expects higher gold prices to continue to support the mining sector.
Hotter-than-expected consumer prices have put an October rate hike back in play, pushing real bond yields higher and dragging gold prices below a critical near-term support level.
Gold has likely seen the worst of its Treasury-yield-driven losses, and once the Iran situation improves and Fed rate hike expectations ease, the Treasury department itself could provide a new tailwind for bullion prices between now and year-end, according to Peter Kinsella, Head of Investment Services for the UK at Swiss private bank UBP.Kinsella noted that gold has traded lower since the Federal Reserve's 25-basis-point rate hike in September.
Gold was steady in early Asian trade. Investors are closely watching the U.S. CPI data due later Wednesday for clues on the Federal Reserve's interest rate path.
Spot gold prices were lower and spot silver prices were sharply lower in late U.S. trading Tuesday, as traders cut exposure ahead of Wednesday's U.S. inflation report while front-end Treasury yields and December Federal Reserve rate-hike risk remained firm.
Silver prices could remain under pressure for years as the precious metal struggles to recover from its historic rally, and one market strategist warns that prices could fall back to $50 an ounce in the near term before finding meaningful support.
Kazakhstan's central bank has announced plans to rebalance its reserves by selling off some of its massive gold reserves, flipping one of the world's leading buyers into a big seller for the remainder of 2026.Aliya Moldabekova, Deputy Governor of the National Bank of Kazakhstan, explained in a recent interview that the current multi-decade highs in Treasury yields make dollar assets very attractive.
The gold market continues to hold its own, trading in relatively neutral territory even as positive U.S. housing market data reduces safe-haven demand for the precious metal.Total existing-home sales, including single-family homes, townhomes, condominiums and co-ops, increased 1.5% to a seasonally adjusted annual rate of 3.99 million in September, the National Association of Realtors (NAR) announced Thursday.Spot gold last traded at $4,166.60 an ounce, down 0.1% on the day.
Gold fell in early Asian trade. Investors are mainly in a wait-and-see mode ahead of major U.S. bank earnings and inflation data this week, said Zaner Metals.
Investment demand in gold-backed exchange-traded funds has been resilient in the face of persistent inflation, higher bond yields and a stronger U.S. dollar