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All articles tagged with #gold

markets10 days ago

Gold Plunges 3.5% to Seven-Week Low as Trump Rejects Iran Deal and Yields Spike

Gold futures dropped 3.5% to $4,170 on September 28, hitting a seven-week low, as President Trump rejected Iran’s proposal to reopen the Strait of Hormuz. Rising oil prices and surging U.S. Treasury yields triggered inflation fears, prompting markets to price a 66% chance of another Federal Reserve rate hike in October. Silver fell 5.1%, and major mining stocks declined sharply as investors shifted away from non-yielding assets.

via Investing.com|
#federal-reserve#gold#iran-conflict
Precious Metals Plunge as Rising Yields and Fed Hike Fears Hit Gold and Silver
markets11 days ago

Precious Metals Plunge as Rising Yields and Fed Hike Fears Hit Gold and Silver

Gold and silver prices dropped sharply on Monday, with silver falling over 5% and gold declining more than 3%. The sell-off was driven by rising global bond yields and increased expectations for Federal Reserve interest rate hikes, which reduced demand for non-interest-bearing assets. Mining stocks also fell in premarket trading, with major producers like Sibanye Stillwater and Newmont seeing significant declines.

via CNBC|
#bond-yields#federal-reserve#gold
Northern Star Rejects Gold Fields' $27 Billion Takeover Bid
business11 days ago

Northern Star Rejects Gold Fields' $27 Billion Takeover Bid

Australia’s largest gold miner, Northern Star Resources, has unanimously rejected a takeover proposal from South Africa’s Gold Fields. The offer, valued at approximately A$38.7 billion ($27 billion), was described by Northern Star’s board as 'opportunistic' and undervaluing the company’s assets. Despite the rejection, Northern Star’s shares rose by 6.15% in Sydney, while Gold Fields’ shares fell by 12% in Johannesburg. US hedge fund Elliott Management, which previously urged Northern Star to seek a sale, is now calling on the board to resume negotiations with Gold Fields, arguing that the combined entity would create significant value.

via Financial Times|
#australia#business#corporate-governance
Sudan gold mine collapse leaves at least 82 dead as rescue teams press on
world23 days ago

Sudan gold mine collapse leaves at least 82 dead as rescue teams press on

A collapse at an informal gold mine in Sudan’s Kordofan region killed at least 82 people, with rescue teams racing to reach others still trapped; earlier tallies reported 67 bodies recovered and around 70 missing. The mine reportedly employed unregulated workers and lacked basic safety measures, highlighting dangers in Sudan’s informal mining sector amid ongoing conflict between the RSF and the military, and in a country where much of the gold is smuggled to fund armed groups.

via apnews.com|
#disaster#gold#mines
Ex-CIA Officer in $40 Million Gold Hoard Near Plea Deal
us-news27 days ago

Ex-CIA Officer in $40 Million Gold Hoard Near Plea Deal

A former CIA official, David Rush, 49, is nearing a plea agreement with federal prosecutors after investigators seized about 303 gold bars worth $40 million, plus $2 million in cash and 35 luxury watches, from his Ashburn, Virginia home. Rush allegedly stockpiled the gold for “work-related expenses,” forged credentials (including claims of being a doctor and a pilot), and is charged with theft of public funds for improperly claiming military leave compensation. Federal prosecutors and Rush’s lawyers have asked for a 21-day extension to reach a pre-indictment resolution, with the case described as one of the CIA’s most significant financial crimes in history.

via New York Post|
#cia#gold#plea-deal
Gold gains on CPI nerves as Fed rate hike ambiguity lingers
business28 days ago

Gold gains on CPI nerves as Fed rate hike ambiguity lingers

Gold rose about 1.5% after August CPI showed hotter core inflation, keeping the Fed rate-hike question in play. While inflation remains above target, the metal’s safe-haven bid and market pricing of higher rates support prices, though higher rates cap gains. Analysts see pullbacks as buying opportunities, amid debt dynamics that could limit how high rates go and keep volatility ahead of the Fed decision.

via kitco.com|
#business#cpi#fed
Kalshi Rolls Out Gold and Silver Perpetual Futures After CFTC Nod
business29 days ago

Kalshi Rolls Out Gold and Silver Perpetual Futures After CFTC Nod

Kalshi has won CFTC approval to list perpetual futures on gold and silver, expanding its offerings beyond prediction markets. The no-expiration contracts track metal prices via a funding mechanism and launched this week; Kalshi plans to add perps on copper, U.S. equities, and currencies in the future, asserting that a regulated platform provides a safer path to growth than unregulated rivals while traditional exchanges consider the potential disruption.

via CNBC|
#business#cftc#gold
Sanctions steer Russian gold through Hong Kong toward China
business1 month ago

Sanctions steer Russian gold through Hong Kong toward China

Russian gold shipments via Hong Kong have surged as Western sanctions push bullion toward Asia, with almost 100 tonnes imported to Hong Kong in the first seven months of 2026, a record, and much of it destined for mainland China; the development highlights Hong Kong’s rising role as a bullion trading hub and signals a broader shift of the global gold trade away from London and New York, while raising compliance challenges for Western banks and refineries.

via Financial Times|
#business#china#gold
Gold tests a critical halfway-back level, shaping trader bets
gold-investing1 month ago

Gold tests a critical halfway-back level, shaping trader bets

Gold futures rallied in August but pulled back to classic 50% retracement levels of recent moves, hovering near a key halfway-back area around 4,780 (between Jan’s high and Jul’s low) and another midpoint near 4,373. Prices dipped to roughly 4,370–4,380 before rebounding. Traders view these halfway-back levels as potential entry/exit points: sell near the line if price stalls or breaks through to signal continuity, and stay in or add if a reversal confirms.

via Yahoo Finance|
#fibonacci-retracement#gold#gold-investing
Gold Holds Critical Support as Fed-Hike Odds Hover at 66%
markets1 month ago

Gold Holds Critical Support as Fed-Hike Odds Hover at 66%

Spot gold trades near $4,328 after testing the $4,311 zone as strong oil prices and a bond selloff lift yields, keeping September rate-hike odds around 66%. Global stocks retreat and the dollar firms ahead of key payrolls data (ADP, claims, ISM services, August payrolls). Technically, immediate resistance sits near $4,450 and $4,532, with support at $4,329 and $4,311; a cooler payrolls report could ease the hawkish path for rates and support gold, while stronger data could push yields and the dollar higher, pressuring bullion.

via KITCO|
#dollar-index#fed-rate-hike#gold