Gold

Gold
Gold

Morning brief: OpenAI eyes massive subscription growth, Taiwan boosts defence budget

Global technology, geopolitical tensions, and economic market shifts dominated the news cycle as developments unfolded across AI, international security, and financial markets. OpenAI is forecasting a sharp expansion in paid ChatGPT users, Taiwan is preparing a significant defence spending increase amid rising pressure from Beijing, negotiations toward a potential Russia–Ukraine peace agreement progressed, and Asian

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Gold

Commodity wrap: dollar strength, Fed uncertainty weigh on bullion; oil recovers

Gold prices fell on Monday due to a stronger dollar against a basket of major currencies. Silver prices also declined slightly as the dollar strengthened and weighed on sentiment. Meanwhile, oil prices also fell earlier in the day before stabilising somewhat. Oil prices had experienced steep losses last week due to growing optimism over a

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Gold

Commodity wrap: gold rebounds on renewed Fed rate cut hopes; oil, nickel face weekly declines

After having spent most of the day in the red, gold prices rebounded due to renewed expectations of a December interest rate cut by the Federal Reserve.  On the other hand, silver prices dipped nearly 2%, but hopes for a rate cut limited losses.  Oil prices fell, and were set for a weekly decline as

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Gold

Asian gold markets see weak demand amid international price volatility

Physical gold demand across major Asian markets remained notably weak this week, a direct consequence of pronounced volatility in international gold prices.  This instability created a climate of uncertainty that deterred potential buyers, who opted to postpone significant purchases in anticipation of a clearer price direction.  Specifically, the sharp fluctuations in spot gold rates made

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Gold

Kremlin increases domestic gold engagement for national fund

Russia’s central bank announced Wednesday that its engagement with the domestic gold market—both buying and selling for the National Wealth Fund (NWF)—has been on the rise, citing the yellow metal’s growing liquidity. The central bank of Russia has seen a substantial portion of its foreign exchange reserves, held in key Western currencies such as the

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Gold

Commodity wrap: Fed rate cut doubts drag bullion to 1-week low; oil stumbles

Gold prices slipped to a one-week low on Tuesday as traders scaled back on their expectations of interest rate cuts by the US Federal Reserve. Silver prices were also lower, tracking losses in the yellow metal. The metal also fell below $50 per ounce on COMEX to a one-week low. Meanwhile, oil prices, after having

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Gold

Commodity wrap: Fed rate-cut doubts push gold, silver prices lower; oil steady

Gold and silver prices fell on Monday as traders assessed expectations of rate cuts by the US Federal Reserve.  Meanwhile, oil prices were steady as loadings have restarted at the Russian export hub of Novorossiysk, a Black Sea port, following a two-day pause caused by a Ukrainian attack. Prices of base metals were also in

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Gold

Commodity wrap: gold rebounds on risk-off sentiment, oil falls amid dollar strength

After a muted start to the week, gold and silver prices rose on Wednesday as risk-off sentiment dominated the market.  Meanwhile, oil prices fell slightly amid weak economic data from top crude-importing countries, even as US inventories limited the losses.  Base metals were mostly steady after a volatile start to the week as a firmer

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Gold

Despite pullback, ING remains positive on gold; sees $4,100/oz average in Q1 2026

Gold’s downside potential is expected to be limited and prices are likely to average $4,000 in the last quarter of 2025, ING Group said.  The bank further believes that gold prices are expected to average $4,100 per ounce in the first quarter of 2026. “We remain positive on our gold outlook, despite the recent pullback

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Gold

Commodity wrap: oil edges up on supply fears; gold reclaims $4,000/oz mark on soft dollar

Oil prices edged up on Thursday, boosted by concerns over supply as sanctions on Russian oil weighed on sentiments.  Meanwhile, gold prices were back above the coveted $4,000-per-ounce mark after a few sessions in the red.  Silver on COMEX also rose, tracking the upward movement in the yellow metal on Thursday.  Additionally, base metal prices

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