Central banks are still betting on gold
Gold's recent correction has understandably raised questions about whether the precious metal's historic bull market is beginning to lose momentum.
Gold bulls charge back on Wall Street and Main Street after weak jobs report dispels rate hike fears and drives gold above $4,100/oz
The latest Kitco News Weekly Gold Survey showed bulls back in the driver's seat on both Wall Street and Main Street after gold reclaimed $4,100 ahead of the Independence Day long weekend.
Gold (XAU/USD) Price Forecast: Resistance Cluster Caps Upside Momentum
Gold is testing overlapping resistance near key moving averages and a rising trendline, while the broader bearish structure from the 200-day breakdown continues to cap upside momentum.
Will June's employment data mark a turnaround for gold?
Although inflation remains a persistent threat, the Federal Reserve was reminded Thursday of the other side of its dual mandate as the U.S. labor market lost momentum in June.
Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rallies As Traders React To NFP Report
The disappointing Non Farm Payrolls report provided significant support to precious metals markets.
Gold price jumps above $4,100 as U.S. economy created 57k jobs in June
The gold market is attracting strong buying interest as the U.S. labor market loses momentum, with the economy creating fewer jobs than expected last month.Even football couldn't save the labor market. Expectations were elevated heading into the early release of the nonfarm payrolls report, as economists had forecast a hiring boost ahead of the World Cup football tournament.
Spot gold shoots above $4,100/oz as U.S. weekly jobless claims steady at 215k
Gold prices rocketed higher and reclaimed $4,100 on Thursday morning following the release of better than expected labor market data after the number of Americans filing new claims for unemployment benefits came in below economists' forecasts.
Gold Gains, Helped by Central Banker Commentary, Economic Data
Gold rose in early Asian trade. Central bankers' less hawkish commentary could be supporting the yellow metal, ANZ Research said.
These are the key factors that could restart the gold rally this year, or drive prices even lower – World Gold Council H2 Outlook
Despite gold's dramatic fall from $5,500 per ounce earlier this year to below $4,000 in late June, the yellow metal is still among the top performers over the past year, and demand central banks and long-term investors should limit downside risk as gold still retains clear upside potential for the remainder of 2026, according to the new mid-year outlook from the World Gold Council (WGC).
Spot gold bumps up against $4,100/oz after ISM Manufacturing PMI falls to 53.3
Gold is trading near session highs on the edge of $4,100 after the latest data showed the U.S. manufacturing sector performing below expectations last month, while prices continued their recent moderation in June.The Institute for Supply Management (ISM) announced on Wednesday that its Manufacturing Purchasing Managers Index fell to 53.3 in June, after posting a reading of 54 in May, its highest reading since May of 2022. The headline number was lower than expected, as consensus forecasts looked for a hold at 54.
Gold Slumps Below $4,000 as It Loses Shine to the Dominant Tech Trade
June was the worst month for gold since 2008. But some analysts are bullish on the second half of the year.
Gold prices fall further after worst quarter in 13 years as interest rate fears hit bullion
Gold prices fell Wednesday after bullion suffered its worst quarter in 13 years. The precious metal is down from its January record high after the Iran war sent energy prices higher, reigniting inflation fears and heightening the potential for Fed rate hikes.
