Gold prices reined in by risk-on sentiment but geopolitics USD pullback should offer support – City Index’s Razaqzada

Gold prices reined in by risk-on sentiment, but geopolitics, USD pullback should offer support – City Index's Razaqzada Today’s uptick in risk appetite is creating some drag on gold prices, but the precious metal’s weekend gap remains open, says Fawad Razaqzada, Market Analyst at City Index. “In other words, gold is still comfortably higher than […]

Coinbase fears crypto sector could follow semiconductors offshore due to lack of US support

Coinbase fears crypto sector could follow semiconductors offshore due to lack of US support At a time of robust crypto and Bitcoin news coverage, widespread investor interest, and a burgeoning array of new businesses competing within the sector, it almost seems implausible to suggest that this industry is somehow at risk. And yet, that's exactly […]

Waterfall decline in gold induces miner capitulation

Waterfall decline in gold induces miner capitulation The headwinds from persistent strength in the U.S. dollar and 10-year bond yields moving closer to 5% have proved too much for the gold market as prices have fallen to their lowest level since March. Gold lost key support at $1900 in September, when the month and quarter […]

Gold price down after much stronger US jobs growth in Sept

Gold price down after much stronger U.S. jobs growth in Sept. Gold prices are modestly lower in the immediate aftermath of a U.S. employment report for September that showed much-stronger-than-expected non-farm payrolls jobs gains that suggest the Federal Reserve will maintain its hawkish stance on U.S. monetary policy. December gold hit a 10-month low and […]

Analysts expect gold to kick off Q4 with gains while retail investors are evenly split

Analysts expect gold to kick off Q4 with gains, while retail investors are evenly split Gold prices underwent a dramatic selloff this week, continuing and accelerating the downtrend that began after the Federal Reserve left interest rates unchanged on the 20th and reiterated that rates would remain higher for longer than previously anticipated. The latest […]

GOLD FIXES

GOLD FIXES For almost 100 years, the main gold benchmark price was set by the London Gold Fix. The price was determined in a closed physical auction among bullion banks. A price is determined after most buy orders matched most sell orders. These auctions would take place twice daily, once in the morning and once […]