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Gold Price Forecast: XAU/USD holds near record highs with $3,940 holding bears
Gold remains steady right below all-time highs, at $3,973, supported by a cautious market mood on Tuesday. The precious metal is trading right below $3,960 during the European morning trading, with downside attempts held above $3,940
Fxstreet
Tue, Oct 7
China keeps adding Gold to its reserves – ING
China’s central bank continued to add Gold to its reserves for an 11th consecutive month in September. The People’s Bank of China added 40,000 troy ounces (1.24 tonnes) of Gold to its reserves, taking the total to 74.06 million troy ounces (2,303.5 tonnes).Fxstreet
Tue, Oct 7
Saudi leaves official selling prices unchanged for Asian buyers – ING
ICE Brent and NYMEX WTI continued their upward rally in the early trading session today amid persistent risks to Russian Oil supplies and a moderate output hike by OPEC+, ING's commodity experts Ewa Manthey and Warren Patterson note.
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Tuesday, early in the European session. WTI trades at $61.67 per barrel, up from Monday’s close at $61.51.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $65.37 price posted on Monday, and trading at $65.56.Gold Price Forecast: XAU/USD drifts higher above $3,950 on global uncertainty
Gold price (XAU/USD) extends its rally to around $3,970 during the early Asian session on Tuesday. The precious metal edges higher on political uncertainty across the globe and the expectation of a US interest rate cut.Fxstreet
Mon, Oct 6
Gold blasts past $3,950 as shutdown, uncertainty fuels haven rush
Gold price rallies to a new record high past the $3,900 figure on Monday, hitting $3,970 as the US government continues its shutdown, while investors are pricing in another rate cut by the Federal Reserve (Fed) at the upcoming October 29 meeting. XAU/USD trades at $3,952, up 1.73%, at the time of wFxstreet
Mon, Oct 6
WTI steadies under $61.50 as market digests lower than expected OPEC+ output hike
West Texas Intermediate (WTI) US Oil price hovers below $61.50 on Monday, up 0.9% for the day, after the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, decided to raise production by only 137,000 barrels per day (bpd) starting in November.Fxstreet
Mon, Oct 6
Gold surges past $3,900 on safe-haven demand amid US shutdown and political jitters
Gold (XAU/USD) extends its historic run beyond $3,900 on Monday, notching one record high after another as the prolonged United States (US) government shutdown, dovish Federal Reserve (Fed) bets, and renewed political jitters in Europe keep safe-haven demand elevated.Fxstreet
Mon, Oct 6
Gold Price Forecast: XAU/USD refreshes all-time high near $3,950 on firm Fed rate cut bets
Gold price (XAU/USD) posts a fresh all-time high around $3,950 during the European trading session on Monday. The yellow metal strengthens as traders become increasingly confident that the Federal Reserve (Fed) will cut interest rates by 50 basis points (bps) in the remainder of the year.Fxstreet
Mon, Oct 6
OPEC+ confirms November production hike of 137kbd – Société Générale
Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman confirmed on Sunday (in a 9-minute meeting with no objections) their intention to collectively increase production by 137kbd in November, Société Générale's FX analysts note.Fxstreet
Mon, Oct 6
Copper hits five-month high as supply disruptions deepen – ING
LME Copper prices extended the upward rally for a fourth straight session this morning, with prices moving above $10,785/t (the highest since May 2024), amid expectations of US interest rate cuts and ongoing supply disruptions, ING's commodity experts Ewa Manthey and Warren Patterson note.
Fxstreet
Mon, Oct 6
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