Precious Metals News
Gold forecasts fall, but central bank buying expected to cushion retreat
Gold hit a record $5,595 an ounce in January before retreating sharply in the second quarter, its worst since 2013, as the Iran war stoked energy inflation and rate-hike expectations.WGC: Robust ETF Buying Pushes Gold Back Above $4,000
Looking ahead, market participants expect the U.S. Federal Reserve to keep interest rates unchanged this week. However, any hawkish Fed signals or stronger-than-expected inflation data could strengthen the dollar and push bond yields higher, creating renewed pressure on gold prices.Where will silver and gold prices head this August? Experts weigh in
The precious metals climate looks decidedly different now, as gold and silver prices have trended downward since reaching those January peaks. As of July 27, gold and silver were trading at $4,102 and $59, respectively.Gold gains on pause in US-Iran fighting; Fed decision looms
Iran will halt its own attacks as long as the United States does the same, a senior Iranian official told Reuters on Sunday.Gold Snaps Iran War Downtrend as Oil and Real Rates Jump
Brent crude futures for September settlement peaked above $95 per barrel, highest since the start of June.Gold climbs above $4,100 as Middle East tensions underpin prices
The next FOMC meeting is scheduled for July 28-29, with the policy statement and Fed Chair Kevin Warsh's press conference expected on Wednesday, July 29.Gold Prices Fall Below $4,000 Amid Fed, Geopolitical Uncertainty
Analysts also noted that open interest in COMEX gold futures has fallen sharply since mid-January, reaching levels last seen in 2009.Gold rises above $4,000 as traders track Middle East tensions, Fed rate outlook
Gold traded above the $4,000 level after ending the previous session 0.2% lower, with investors balancing renewed geopolitical risks against concerns that higher oil prices could keep inflation elevated and reinforce expectations that the Federal Reserve will keep interest rates higher for longer.India Gold Demand Mixed as Jewellery Sales Rise, Imports Fall: WGC
The lower gold prices encouraged jewellery purchases, whereas overall consumer demand remained below normal levels, according to the latest market assessment by the World Gold Council (WGC).