Topic
safe haven
Commodities Gold touches seven-week high on Strait of Hormuz reopening hopes
Spot gold touched a seven-week high above $4,285 per ounce on growing hopes for a Strait of Hormuz reopening, with an Iran-Oman deal seen easing oil prices and rate pressures. Market expectations for a September U.S. rate hike fell to 55%, while traders awaited Friday's nonfarm payrolls report. Silver, platinum and palladium also gained.
Commodities Gold Heads for First Weekly Rise in Five on Easing Fed Rate-Hike Bets After Weak Jobs Data
Gold rose more than 1% on Friday, heading for its first weekly gain in five weeks, after softer-than-expected US jobs data lowered expectations for Federal Reserve interest rate hikes. Spot gold hit $4,177.31 per ounce, while US futures climbed to $4,190.70. Traders now see a 54% chance of a September rate hike, down from 66% before the data.
Commodities Gold Gains Strategic Importance as Central Banks Hedge Against Geopolitical Risks
A new OMFIF survey reveals that central banks globally are increasing gold holdings as a strategic hedge against geopolitical risks. A net 30% plan to raise allocations in the next two years, with 51% citing geopolitical protection. Meanwhile, spot gold has slipped to $4,008.94 amid expectations of Fed rate hikes.
Commodities Gold heads for worst month since 2008 as Fed rate-hike bets outweigh safe-haven demand
Gold prices dropped over 1% on Tuesday, putting bullion on track for its worst monthly performance since October 2008 and its first quarterly decline since 2024. Easing Middle East tensions and expectations of US Federal Reserve rate hikes have overshadowed gold's traditional safe-haven appeal, while a strengthening dollar added pressure. Market focus now shifts to US employment data for policy clues.
Commodities International Gold Prices Drop as Rate Hike Fears on Higher Inflation Reduce Safe Haven Appeal
International gold prices dropped as rate hike fears on higher inflation reduced safe haven appeal, according to The Times of India. Physical demand remained subdued in India while China's central bank expanded gold holdings for a nineteenth straight month. Speculative investors increased net long exposure in gold by 14,409 contracts to 111,341 contracts during the week ended June 2.