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News
Yields on 30-year bonds and oil make new decade long highs dragging down gold
3+ day, 12+ hour ago (579+ words) Gold futures for December delivery (GCZ2026) fell by $88.70 or 2% closing out the session at the lowest level since August 6th at $4,358.50 and firmly breaking beneath the 50% retracement which had been acting as support. The decline today was based out off two different…...
IMF says global growth on track to reach 3% in 2026, but risks remain high
3+ day, 14+ hour ago (399+ words) WASHINGTON, Sept 10 (Reuters) - The IMF said on Thursday the global economy had weathered the energy shock caused by the war in the Middle East better than feared and global economic output was still expected to expand by about 3% in 2026, but…...
Gold, silver prices tumble as hot PPI, oil shock lift yields - Kitco PM Report
3+ day, 19+ hour ago (262+ words) (Kitco NewsWire) - Spot gold and silver prices are sharply lower in late-afternoon U.S. trading Thursday, as hotter wholesale inflation, a crude-oil surge and a jump in Treasury yields overwhelmed safe-haven demand tied to the U.S.-Iran war. At the time of writing,…...
Washington nonprofit Better Markets sues Federal Reserve over capital rule overhaul
3+ day, 20+ hour ago (241+ words) WASHINGTON, Sept 10 (Reuters) - Better Markets, a Washington nonprofit that advocates for Wall Street reforms, sued the U.S. Federal Reserve on Thursday, alleging the central bank has broken federal rules in its handling of a sweeping overhaul of its capital regulations. The…...
If these key gold price levels fail, expect accelerated near-term selling – TD Securities
3+ day, 19+ hour ago (411+ words) (Kitco News) – Gold is outperforming other precious metals despite the headwinds of higher energy prices and rising Fed hike expectations, but Commodity Trading Advisors (CTA) and major funds could become sellers if gold breaks key support levels, according to commodity…...
Gold’s record prices are reshaping demand as investors replace jewelry buyers - Metals Focus
4+ day, 1+ hour ago (651+ words) (Kitco News) - Investment demand has been a critical pillar of support for gold in recent years and, while the unsustainable rise in global sovereign debt remains a key driver in the precious metal’s long-term uptrend, one research firm is warning…...
Why silver costs $8 more in Shanghai
3+ day, 18+ hour ago (822+ words) China exported a record 162 million ounces of silver last year while importing almost none, which is not what a country short of metal does. Both halves of that are true at once, and the reason is a tax. Silver sells…...
10-year yields highest since 2023
3+ day, 21+ hour ago (442+ words) Sept 9 (Reuters) - Benchmark 10-year Treasury yields reached their highest levels since 2023 on Wednesday after the announcement of an enlarged Treasury buyback of longer-dated bonds disappointed some investors who had wanted more. After a selloff that pushed 30-year yields to their…...
TSX futures hover near six-week low before US inflation data
4+ day, 2+ hour ago (304+ words) Sept 10 (Reuters) - Futures tracking Canada's blue-chip stocks were muted on Thursday, as markets awaited U.S. inflation data for clues on the Federal Reserve's monetary policy outlook, with elevated oil prices and bond yields keeping investor sentiment subdued.September futures on the…...
Gold falls as dollar, yields rise ahead of inflation data
4+ day, 1+ hour ago (296+ words) Sept 10 (Reuters) - Gold retreated on Thursday, erasing earlier gains, pressured by a firmer U.S. dollar and rising bond yields, while investors awaited key U.S. inflation data for clues on the Federal Reserve's interest-rate path. Spot gold slipped 0.4% to $4,385.40 per ounce…...