Gold price news

2024 - 10 - 15

Gold Prices Dipping? Don’t Worry, They’re Just Playing Hard to Get!

China's Economy - Geopolitical Tensions - Gold Prices - Safe Haven Asset - US Dollar

Gold prices are fluctuating with mixed signals from China and a strong dollar! What does this mean for your investments? Read on to find out!

The gold market is strutting its stuff, balancing on the tightrope of geopolitics and economic trends as it encounters mixed signals from China. While investors have been eagerly looking for safe havens amid increasing market uncertainty, the recent back-and-forth of gold prices shows that it’s experiencing a little bit of a dilemma on the world stage. Gold prices are always dancing with either fervent highs or sudden lows, making it quite the spectacle, especially in the backdrop of geopolitical tensions that are urging investors to seek out reliable assets.

In more recent times, the U.S. dollar has flexed its muscles, leaving gold to wrestle with a tough cookie. Following a peak at $2666 recently, the yellow metal has taken a slight tumble as the rising dollar coupled with a lack of fresh, invigorating catalysts has reigned in some of the dazzle. Investors were hoping for an injection of confidence from China's latest stimulus measures, but alas, it seems the impact was as flat as a Singapore flat with the barbeque left unattended!

Despite the fluctuating landscape, some analysts remain optimistic as they predict future gains on the horizon. According to Angel One, gold prices could potentially rally to around $2600 per ounce in the international markets soon – yes, that’s right, folks! So, if you’ve been hoarding your coins under the bed, this could be your chance to strike gold (pun intended) and maximize those profits like a savvy investor!

While all this is happening, gold prices are also doing a little cha-cha in countries like the Philippines, where recent data shows a dip to 4,908.46 Philippine Pesos per gram. This mirrors the global sentiment that gold is holding back for more thrilling opportunities ahead. Remember to keep an eye on upcoming U.S. Federal Reserve meetings as traders gear up to find the next big thing in the market!

Did you know that gold has been considered a symbol of wealth for thousands of years? Ancient Egyptians even buried their rulers with gold treasure to carry with them into the afterlife, believing it would provide them with comfort and prosperity! Also, Singapore is home to world-class jewelers who turn this precious metal into breathtaking pieces of art, so if gold prices head back up, don’t be surprised if the city’s goldsmiths are extra busy polishing their masterpieces!

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Image courtesy of "MarketPulse"

Gold (XAU/USD) Price Outlook: China Sends Mixed Signals ... (MarketPulse)

Gold prices hold steady amid mixed signals from China. Market uncertainty and geopolitical tensions support safe-haven demand.

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Image courtesy of "Livemint"

Gold price today: Yellow metal declines as US dollar rises to 2 ... (Livemint)

Gold price today: The dollar's rise and lack of fresh, positive catalysts weighed on the gold rate. The MCX Gold rate declined in the domestic futures ...

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Image courtesy of "FXStreet"

Gold prices drop on strong USD, lackluster China's stimulus (FXStreet)

Gold price retraces after hitting a daily high of $2666 on Monday as China's stimulus failed to provide relief to the financial markets and the Greenback ...

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Image courtesy of "Reuters"

Gold edges lower as US dollar rally curbs upside (Reuters)

Gold prices eased on Monday as broad economic stimulus measures in China, the biggest bullion consumer, failed to invoke investor confidence and a U.S. ...

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Image courtesy of "IG"

​​Gold price rises again but WTI crude price and natural gas price ... (IG)

​Last week's drop to the $2600.00 level has run its course and buyers have reasserted control. Further gains target the September highs once again. ​A new short ...

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Image courtesy of "FXStreet"

Gold price in Philippines: Rates on October 15 (FXStreet)

Gold prices fell in Philippines on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 4,908.46 Philippine Pesos (PHP) per gram, ...

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Image courtesy of "The Business Times"

Gold prices flat as traders await fresh catalysts (The Business Times)

GOLD was flat on Tuesday (Oct 15) as investors await fresh insights into the Federal Reserve's stance on US interest rate reductions for further direction ...

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Image courtesy of "Financial Express"

Gold may rally till $2600/0z in international market says Angel One (Financial Express)

Gold prices are expected to rise toward $2600 per ounce in international markets and ₹77000 per gram in India over the coming week.

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Image courtesy of "FXStreet"

Gold bounces off daily low; bulls seem non committed amid stronger ... (FXStreet)

Geopolitical risks benefit the safe-haven bullion, though a stronger USD might cap gains. Signs of a slowdown in China – the biggest bullion consumer – warrant ...

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Image courtesy of "Reuters"

Gold stalls as buoyant US dollar keeps gains in check (Reuters)

Gold prices held steady on Tuesday as the U.S. dollar remained near two-month highs, with markets caught between profit-taking and prospects for further ...

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Image courtesy of "FXStreet"

Gold price benefits from geopolitical risks – Commerzbank (FXStreet)

The Gold price rose to $2667 per troy ounce yesterday, coming within less than $20 of its all-time high reached at the end of September, Commerzbank's FX ...

China's gold market in September: demand rebounds seasonally ... (World Gold Council)

China's wholesale gold demand rebounded seasonally in September, yet total gold withdrawals y-t-d remain weak compared to previous years.

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Image courtesy of "Forbes"

Gold Price 15 October 2024 (Forbes)

Some investors consider gold to be a safe-haven asset. They rely on the theory that when the prices of shares, bonds and property drop sharply, gold (as a non- ...

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Image courtesy of "The Jerusalem Post"

China's gold market demand rebounds, further strength predicted (The Jerusalem Post)

New report from the World Gold Council suggests Chinese appetite for the yellow metal may have dropped slightly due to higher price, but a change is ...

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Image courtesy of "Finimize"

Gold Prices Steady As US Dollar Remains Strong (Finimize)

Gold holds firm above $2600 with Fed rate expectations and geopolitical tensions in focus.

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Image courtesy of "FXStreet"

Gold price gains despite buoyant US Dollar as US yields fall (FXStreet)

Gold prices rise as US 10-year Treasury yield drops to 4.03%, enhancing the appeal of non-yielding assets. The New York Empire State Manufacturing Index ...

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Image courtesy of "Business Standard"

Gold price today: Trading strategy for yellow metal ahead of China ... (Business Standard)

If China's stimulus details prove to be convincing to investor community, it is highly likely that gold prices may come under increased downside pressure.

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Image courtesy of "Livemint"

Gold price today: Rates rise as US dollar, treasury yields ease; what ... (Livemint)

Gold price today: Gold rates increased in the domestic futures market Wednesday morning following positive global cues and an uptick in demand in spot ...

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Image courtesy of "FXStreet"

Gold price remains close to record peak, lacks bullish conviction ... (FXStreet)

Gold price (XAU/USD) edges higher for the second straight day on Wednesday – also marking the fourth day of a positive move in the previous five – and ...

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Image courtesy of "FXStreet"

Gold price in Philippines: Rates on October 16 (FXStreet)

Gold prices rose in Philippines on Wednesday, according to data compiled by FXStreet. The price for Gold stood at 4,956.43 Philippine Pesos (PHP) per gram, ...

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Image courtesy of "Economies.com"

Gold price hits the first target – Forecast today - 16-10-2024 (Economies.com)

Gold price succeeded to touch our first waited target at 2668.00$, starting today with new bullish bias in attempt to surpass this level, to support the ...

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Image courtesy of "Creamer Media's Mining Weekly"

Gold industry sees prices rising to $2 941/oz over 12 months (Creamer Media's Mining Weekly)

The price of gold is expected to rise to $2 941 a troy ounce over the next 12 months from the current $2 661, delegates to the London Bullion Market ...

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Image courtesy of "CBS News"

Should you wait for the price of gold to fall to invest? Experts weigh in (CBS News)

While waiting for the price to fall may work for some, most experts say buying now is best. Here's why.

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Image courtesy of "Creamer Media's Mining Weekly"

Metals Focus forecasts strong gold price for 2025 (Creamer Media's Mining Weekly)

Precious metals consultancy Metals Focus expects spot gold prices to reach new all-time highs of about $3 000/oz in 2025 on the back of further interest ...

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Image courtesy of "FXStreet"

Gold Forecast: XAU/USD buyers yearn for a daily close above $2670 (FXStreet)

Gold price is building on the previous recovery early Wednesday, challenging the static resistance level at $2670.

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Image courtesy of "CBS News"

Will the price of gold hit $3000 in 2024? Here's what experts think. (CBS News)

"Potential interest rate cuts and ongoing uncertainties in [other countries] could [also] drive up gold prices," he explains. Lower interest rates make bonds ...

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