All articles tagged with #gold prices
The US manufacturing sector expanded for the ninth consecutive month in September 2026, with the ISM Manufacturing PMI registering 54.5. While new orders and employment grew, the prices index surged to 77.9, signaling significant cost pressures. The overall economy continued its 23-month expansion, though sentiment among manufacturers turned more negative due to tariffs and energy costs.
U.S. private-sector employment rose by 90,000 in September, significantly exceeding forecasts and reversing a three-month slowdown. The rebound, led by healthcare and leisure, suggests the labor market is stabilizing, which complicates Federal Reserve rate-cut expectations amid persistent inflation. The data pressured gold prices, which remained near $4,184 per ounce.
The US private sector added 90,000 jobs in September, significantly exceeding the 68,000 to 73,000 consensus estimates and reversing a three-month slowdown. This rebound, led by healthcare and leisure, suggests the labor market has stabilized, potentially limiting the Federal Reserve's ability to cut interest rates amid persistent inflation. The strong data pressured gold prices, which remained near $4,184 per ounce, as investors anticipate the official nonfarm payrolls report on Friday.
Gold and silver futures dropped significantly, with gold falling 3.03% and silver declining 4.75%, while the Nasdaq 100 futures index slipped 1.03%. These moves occur amid broader market stress, as the S&P 500 remains near record highs despite narrow participation and rising bond yields.
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.
Gold slid nearly 2% to about $4,365/oz as July U.S. JOLTS data showed job openings at 7.27 million, below expectations around 7.33 million, signaling ongoing labor-market softness. The pullback comes amid higher oil from Middle East tensions and inflation fears, keeping the Fed on a tightening bias. If the labor market cools further, rate hikes could stall, raising concerns about stagflation while gold tests support around $4,350.
Gold rose to seven-week highs as softer July ADP payrolls reduced the likelihood of a September Fed rate hike, while talks of reopening the Strait of Hormuz and a weaker dollar supported prices. Spot gold traded around $4,268 per ounce after peaking near $4,295, with futures near $4,329, leaving gold roughly 20% below its January peak.
Investors kept a wary eye on a fragile U.S.–Iran ceasefire as stock futures stayed muted, while oil rose on Hormuz bottlenecks and traders awaited the March CPI data. Gold eased amid a firmer dollar and inflation concerns, with economists expecting the headline CPI to rise on higher energy prices and core inflation to advance more moderately, likely shaping the Fed’s near-term stance.
Futures pointed higher after a rebound in stocks as investors welcomed easing geopolitical tensions, with the Dow up about 0.6%, the S&P 500 around 0.6%, and the Nasdaq about 0.9% in regular trading, while the Dow Transports hit an all-time high. Trump’s move to suspend tariffs on eight European nations and talk of a Greenland framework alleviated risk appetite, though gold prices continued to rise to record levels. After-hours, Intel slumped ~12% on weak Q1 guidance, and Capital One announced it would acquire Brex for $5.15 billion. Intuitive Surgical rose on solid results, and Clorox agreed to buy Gojo Industries. Futures for the Dow slipped ~0.1%, while the S&P 500 and Nasdaq futures inched lower or higher modestly. The week remains mixed, with the Dow little changed or up slightly, and the S&P 500 and Nasdaq on track for a second straight weekly decline.
Despite being over 170 years since the California Gold Rush, locals are still finding gold in rivers, with some making significant earnings, especially as gold prices have surged over the past year. Gold remains a valuable store of wealth, and financial experts like Ray Dalio emphasize its importance as a diversification tool in investment portfolios.
Rising gold prices in India, driven by global safe-haven demand and a weaker dollar, are shifting consumer preferences from traditional jewellery to gold coins and bars, with investment gold demand increasing and overall jewellery consumption declining.
Gold prices have surged past $4,500 per ounce, reaching new highs and boosting the profitability prospects of miners like Agnico Eagle Mines and Barrick Mining, which are well-positioned to capitalize on the rising gold market due to their stable operations and cost structures.
Gold prices experienced the largest single-day decline since 2011, falling over 5% after reaching record highs, due to factors like easing trade tensions, a stronger dollar, and market overbought conditions, despite remaining up significantly for the year. The volatility highlights the risks and benefits of gold as an investment, amid broader economic and environmental concerns.
Gold prices hit a wall after soaring over 50% this year due to economic concerns and trade tensions, with recent sharp declines raising questions about the sustainability of the rally and prompting analysts to advise caution and consider alternative safe-haven assets like Treasuries.
Gold prices experienced a significant decline, with a 5.7% drop marking its largest in over 12 years, driven by profit-taking after a strong rally despite declining bond yields. While some see the pullback as a correction, gold remains on track for its best year since 1979, supported by central bank buying and expectations of lower interest rates, though traders anticipate continued volatility.