Central banks see gold as the reserve asset of choice - ECB report
Gold continues to assert its dominance in global financial markets as an important monetary asset, with the European Central Bank highlighting a significant milestone for the precious metal.
Gold price struggling around $4,500 as U.S. JOLTS shows rise in job openings
The gold market is struggling to hold key near-term support at $4,500 an ounce as the U.S. labor market remains fairly resilient, with the number of available jobs rising more than expected in April.
Gold is an awkward asset for central banks to hold. It's now moved ahead of U.S. debt anyway.
The debt of the world's biggest economy is no longer the primary reserve asset for central banks worldwide.
Gold Appears Trapped Between Two Powerful Narratives
Gold prices edged lower in early trade. The precious metal's bias remains tilted slightly lower, said FOREX.com.
Gold falls as oil jumps on U.S.-Iran deadlock - Kitco PM Report
Spot gold and silver prices are lower after the close Monday, as crude oil jumped, Treasury yields firmed and U.S.-Iran negotiations remained unresolved.
Spot gold trades near $4,460/oz after ISM Manufacturing PMI rises to 54
Gold is trading near session lows after the latest data showed the U.S. manufacturing sector beating expectations last month, with prices also moderating in May.The Institute for Supply Management (ISM) announced on Monday that its Manufacturing Purchasing Managers Index rose to 54 in May, its highest reading since May 2022, after posting a 52.7 reading in April. The headline number was higher than expected, as consensus forecasts looked for a reading of 53.
Gold News: Rising Oil Prices Darken Gold Price Future Before Payrolls
Gold prices slip as Iran strikes lift oil, boost the dollar, and fuel inflation fears. See why traders are abandoning rate-cut bets.
Fleeing for their futures, a California exodus unleashes a Florida 'gold rush'
California faces an unprecedented exodus as high taxes, a $31 billion deficit and a ballot-approved wealth tax push more billionaires and businesses to Florida.
Gold (XAUUSD) & Silver Price Forecast: Gold Tumbles Under $4,500 as Silver Tests Support — Breakdown Ahead?
The ongoing US-Iran ceasefire allowed gold and silver to react to macro and technical signals. Gold accelerated lower below $4,500 with strong bearish continuation while silver traded at $75.58.
Gold Declines as Uncertainty Clouds U.S.-Iran Talks
Gold prices edged down at the start of the week in Asia as markets await signs of progress in U.S.-Iran negotiations.
Wall Street flips firmly bullish after gold's late-week recovery, Main Street sentiment sours with jobs data on deck
The latest Kitco News Weekly Gold Survey showed Wall Street feeling fresh optimism about gold's near-term prospects, while Main Street sentiment slid into bearish territory despite gold's late-week rebound.
Gold braces for labor market week as investors eye manufacturing, jobs data
Gold and silver head into the new week with investors focused squarely on the health of the U.S. economy and labor market, as a busy calendar of economic data releases could significantly influence expectations for Federal Reserve policy.
