Gold demand rises in the third quarter due to ETF inflows
The World Gold Council published data on Gold demand in the third quarter this week. Taking into account over-the-counter (OTC) transactions, demand rose by 5% year-on-year, reaching a record level for a third quarter. The increase in deman...
Gold bulls make handbrake turn after reaching milestone high
Gold edges lower after topping at a new record high of $2,790 on Thursday. The yellow metal sees downside pressure from rising US Treasury bond yields following stronger US employment data. Hopes of a Middle East ceasefire and the probabili...
Gold: Stays bid on the day – OCBC
Gold surge pushes on as markets continue to factor in US election risk premium as we inch closer to election day. In the de-centralised betting markets (poly market as a reference), Trump-over-Harris spread continued to widen sharply in fav...
High Gold price slows Gold demand in China – Commerzbank
The Gold price is approaching its all-time high of $2,758 per troy ounce again, Commerzbanks commodity analyst Carsten Fritsch notes, Commerzbanks commodity analyst Carsten Fritsch notes. Near all-time high again There is further evidence t...
Gold falls after report shows decline in Chinese jewelry buy
Gold weakens after the China Gold Association highlights a drop in the consumption of Gold for jewelry. The rising price of Gold is posited as the main reason behind the reduction in demand. XAU/USD remains within the confines of a mini ran...
Gold remains elevated amid renewed Middle East hostilities
US election uncertainty adds to golds appeal, with polls showing a tight race between Trump and Biden in key swing states. Rising US Treasury yields and a rebounding Dollar cap gains, with DXY up 0.29% and limiting further upside for the ye...