Keywords: Gold market


Gold prices fall 2.7% as investors reassess US interest-rate outlook

Gold prices fell sharply on Monday, extending recent pressure on the precious metals market as higher oil prices and expectations of further monetary tightening in the United States weighed on investor sentiment. Spot gold declined 2.7% to $4,171.85 per ounce, while US gold futures also lost 2.7%, settling......

Black Friday 1869: the gold market panic that shook Wall Street

Long before “Black Friday” became associated with post-Thanksgiving shopping, the expression referred to one of the most dramatic financial episodes in 19th-century America. On September 24, 1869, a speculative attempt to control the U.S. gold market collapsed, triggering a sharp fall in......

Gold Prices Fall to Two-Week Low Under Fed Pressure

The gold market remains under pressure at the start of the week. The precious metal hit its lowest level in nearly two weeks on Monday, weighed down by the firmer tone adopted by the President of the Federal Reserve, Kevin Warsh. The prospect of higher interest rates, combined with soaring oil prices......

Citi expands bullion business with London gold clearing approval

Citi has secured a pivotal role in the global precious metals market after becoming the fifth institution authorized to clear transactions in London's over-the-counter gold market, strengthening its position in one of the world's most influential bullion trading hubs. The approval gives the......

Gold falls to six-week low as US yields rise

Gold prices declined to their lowest level in six weeks as rising US Treasury yields and a stronger dollar reduced demand for non-yielding assets. The metal traded near 4,540 dollars per ounce after extending a month-long correction that has erased roughly 6 percent of its value. The downturn reflects......

Gold heads for first weekly drop in five weeks amid dollar strength

Gold prices fell to their lowest level in nearly two weeks on Friday, putting the metal on track for its first weekly decline in five weeks as a stronger US dollar and rising oil prices weighed on demand. Spot gold dropped to around 4,661 dollars per ounce during early Asian trading before recovering......

Banks urge buying gold dips as volatility tests investor confidence

HSBC and OCBC are advising investors to use recent price swings in gold to build positions, arguing that structural drivers remain supportive despite heightened volatility. Strategists at both institutions point to a weaker US dollar and persistent fiscal risks as key forces underpinning the precious......

Dubai gold trades at rare discount as war disrupts global bullion flows

Gold is trading at an unusual discount in Dubai, one of the world’s most important hubs for physical bullion trade, as conflict involving the United States, Israel, and Iran disrupts transport routes and breaks the supply chains linking the precious metal to global markets. Traders in Dubai are......

Gold prices fall after Trump-Xi call eases global tensions

Gold prices dropped sharply on Thursday after briefly surpassing $5,000 per ounce, as a phone call between U.S. President Donald Trump and Chinese President Xi Jinping calmed international tensions and diminished demand for the metal as a safe-haven asset. This decline caps a wildly volatile period......