Gold bounces as yields slip after U.S. PCE data, underlining rate cut hopes

Gold bounces as yields slip after U.S. PCE data, underlining rate cut hopes. Front-month Comex gold futures bounce 1.2% on Friday after tumbling to lowest since July 9 on Thursday. Yields on the benchmark 10-year Treasury fell to a one-week low on optimism for a rate cut in September.

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Gold tumbles on profit-taking after record highs earlier this week

Gold tumbles on profit-taking after record highs earlier this week. First weekly decline for gold after three straight weeks of gains. Investors price in a Federal Reserve pivot to rate cuts as early as September. The probability of a Trump win in the U.S. Election rose to 70% last week.

What a Trump presidency could mean for commodities? JPM says gold stands out as winner

Gold posts second-highest close as U.S. rate cut hopes rise, Treasury yields fall

Gold posts second-highest close as U.S. Rate cut hopes rise, Treasury yields fall to March lows. Front-month Comex gold futures for July delivery posted the second- highest close ever. Markets now see a 98% chance of a September interest rate cut from the Federal Reserve.

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Gold settles at all-time highs; Citi sees potential for continued gains to $3,000

Gold settles at all-time highs; Citi sees potential for continued gains to $3,000/oz. Front-month Comex gold futures for July delivery closed at an all- time high. Comments from Fed officials ramped up expectations of a U.S. Interest rate cut in September.

Gold nears all-time highs as traders weigh impact of 'Trump trade'

Gold futures rose to their second highest closing levels ever as traders weigh impact of 'Trump trade' Analysts believe a Trump victory could weaken the dollar and boost the price of gold and other commodities. Front-month Comex gold for July delivery finished Monday at $2,422.90/oz, up 0.3%.

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India's gold appetite remains robust despite higher prices - ANZ

India's gold imports increased by 26% y/y to 230t in the first five months of 2024. Higher prices are dampening demand in the world's second-largest consumer of gold. But demand in India is likely to remain strong despite higher prices, ANZ says. Forecasts of above-normal rainfall and favourable macroeconomic backdrop could boost demand.

Gold pops above $2,400 as tame inflation data lifts rate cut optimism

Gold pushes higher as market hopes rise for U.S. rate cut

Gold futures follow equity markets higher after comments from Fed Chair Jerome Powell raise expectations for lower interest rates. The June consumer price index report will be released Thursday. Data shows a net inflow for gold ETFs globally for a second straight month in June. Europe and Asia have seen rate cuts in recent months.

Gold slides but rally should run through year-end, ING analysts say

U.S. Gold futures fall sharply on Monday in apparent profit-taking. China's central bank refrained from gold purchases for a second straight month in June. Open interest in gold rose to a six-week high last week. Gold's rally should continue through the end of 2024, ING analysts say.

Hedge funds pick up the pace buying commodity-sensitive stocks

Energy Hedge funds pick up the pace buying commodity-sensitive stocks. Goldman Sachs: Energy and Materials were among the most net bought sectors on the US Prime book this week. Hedge funds bought energy and materials stocks at the fastest pace in five months, Goldman Sachs says. The Materials long/short ration is well below the historical average.

Weekly Report: what happened at SILJ last week (0701-0705)?

Gold prices rise as cooler U.S. jobs data builds case for sooner Fed rate cut

Gold prices rise as cooler U.S. Jobs data builds case for sooner Fed rate cut. June jobs report shows increase in unemployment rate to 4.1%. Gold futures extend recent gains to jump to six-week highs. Average hourly earnings rose 3.9% in June, the smallest gain since 2021.

Gold price jumps on rising hopes for U.S. rate cuts; silver surges 4%

Gold price jumps on rising hopes for U.S. Rate cuts; silver surges 4% gold futures rallied to the highest in nearly a month. The dollar slumped on renewed hopes for a September interest rate cut by the Federal Reserve. The market now prices in a 67% chance of a September rate cut.

Weekly Report: what happened at SILJ last week (0624-0628)?

$3,000 gold by 2025 not far-fetched, with upside for miners - Sprott's Hathaway

Gold prices wrapped up their third straight quarterly gain Friday. Key U.S. Inflation gauge in May was broadly in line with expectations. Federal Reserve could cut interest rates by September. $3,000 gold within the next year is "not crazy" for mining stocks, analyst says.

Gold prices revised up at BMI, lithium expected to remain subdued due to oversupply

Gold prices revised up at BMI, lithium expected to remain subdued due to oversupply. BMI upped its 2024 gold price forecast to $2,250/oz from $2.100/oz. Brokerage expects gold prices to remain elevated in the coming years.