### Summary
Gold prices have continued to decline due to rising US treasury yields and a stronger dollar. The FOMC meeting minutes revealed concerns about inflation and the potential need for additional interest rate hikes. The outlook for gold prices remains subdued ahead of Federal Reserve Chair Jerome Powell's upcoming speech.
### Facts
- đ Gold prices have declined for the fourth consecutive week, breaking below the significant threshold of $1,900 per troy ounce and reaching their lowest point since March 2023.
- đ The continuous rise in US treasury yields and the dollar index has contributed to the decline in gold prices.
- đ US economic indicators, such as retail sales and manufacturing production, have outperformed expectations, highlighting resilient consumer spending and propelling the dollar index.
- đ¸ The FOMC meeting minutes revealed concerns about inflation and the potential need for additional interest rate hikes, although two Fed officials favored keeping rates unchanged or pursuing a rate cut.
- đ¨đł Weakening sentiment in China and diverging monetary policies have also contributed to the strengthening dollar.
- đ The upcoming week will focus on flash manufacturing PMI figures and the Jackson Hole Economic Symposium, where Federal Reserve Chair Jerome Powell is scheduled to address the economic outlook.
### Potential Implications
- âŹď¸ Gold prices are expected to remain subdued in anticipation of Powell's speech, as elevated yields and a stronger dollar continue to impact the market.
The gold market is experiencing technical selling pressure and a decline in response to better-than-expected US labor market data.
The gold market declined as US factory goods orders showed a larger decrease than expected, indicating possible economic weakness.
Gold and silver prices rise to three-week and four-week highs respectively, driven by weaker-than-expected U.S. economic data and a decline in the U.S. dollar index.
Gold reaches its highest point in nearly a month due to weak U.S. economic readings, suggesting that the Federal Reserve may halt its interest rate hikes.
Gold prices remained stable near session lows as the latest data on the U.S. manufacturing sector showed improvement but still indicated contraction for the tenth consecutive month.
The U.S. dollar declined due to weaknesses in economic growth, leading to a boost in the performance of gold and U.S. equities, while other global assets experienced mixed price movements throughout the week.
Gold price remains below the resistance level of $1,950.00 as investors await the US Services PMI data, while cooling labor market conditions increase the likelihood of the Federal Reserve keeping interest rates unchanged for the rest of the year.
Silver and gold prices have slightly declined, with silver down 4% and gold down 0.5%, leading to speculation about the potential for traders to switch back to silver from gold.
Gold and silver prices are lower due to a strong U.S. dollar and rising U.S. Treasury yields, while trader and investor risk appetite is downbeat with downbeat economic data from China and Asian stock markets mostly lower.
Gold prices fell around 1% after Labor Day, with retail investors expecting further declines next week, while market analysts remain bearish, citing the strength of the U.S. dollar as a key factor influencing gold's performance.
Gold prices are trading near session lows despite higher-than-expected inflation, prompting markets to price in further rate hikes.
Gold prices rose as the dollar weakened and investors awaited central bank policy meetings, with the Fed expected to pause on interest rate hikes.
Gold prices are trading at session lows due to tighter labor market conditions and significant selling pressure, as weekly jobless claims fell by 20,000 to 201,000, surprising economists who were expecting an increase.
Gold and silver prices are slightly down as U.S. Treasury yields rise, the U.S. dollar index remains high, and traders and investors anticipate a potential U.S. government shutdown.
Gold and silver prices are down due to bearish outside market influences, including rising U.S. Treasury yields, a strengthening U.S. dollar, and lower crude oil prices, while the metals market bulls are also facing resistance from the Federal Reserve; however, safe-haven buying may increase if worrisome elements escalate.
The gold market remains near a six-month low as it tests support above $1,900 an ounce, but is not experiencing major selling pressure despite strong US manufacturing data, with December gold futures currently trading at $1,909.60 an ounce.
The strength of the US dollar and rising bond yields are causing gold prices to fall to their lowest level since March, with some analysts predicting that the bearish momentum could push prices down further to their 2023 lows at $1,810 in the spot market.
Gold prices stabilize near a six-month low as the dollar remains strong and investors await U.S. economic data for insight into the Federal Reserve's interest rate plans.
Gold prices trade near session lows as US GDP data shows the economy grew in line with expectations but consumer spending fell more than anticipated.
The gold market is experiencing some modest technical buying after a drop to a 6.5 month low, despite stable labor market data and the Federal Reserve's aggressive monetary policies.
Gold prices experienced a significant decline this week due to seasonal factors and options contracts expiring, but analysts expect a rebound in the near term as retail investors remain divided and market dynamics shift with the start of the fourth quarter.
Gold futures experienced their second largest monthly decline of the year in September, losing $99.80 or 5.08%, which can be attributed to the Federal Reserve's monetary policy and their delayed reaction to rising inflation.
Traders in Pakistan report a decline in gold buying due to consumers' limited purchasing power and increasing gold theft, as the issuance of daily gold rates by the All Pakistan Gem and Jewellers Association (APGJA) remains suspended for the 18th consecutive day.
Gold prices decline as US manufacturing sector shows improvement but still contracts for the eleventh consecutive month, with the employment index rising and the prices index falling.
Gold prices have reached their lowest settlement since March, moving away from record-high levels and heading towards a "death cross," due to surging Treasury yields and a stronger dollar.
Gold and silver prices have remained stagnant for over three years despite high inflation and geopolitical turmoil, leading investors to consider the alternatives, such as holding cash, given the decline in the dollar's purchasing power and the potential for a looming recession and economic reckoning, making other conventional assets like bonds, equities, and real estate appear overvalued.
Gold prices hover around session lows as the U.S. service sector experiences a moderate pullback in September, according to data from the Institute for Supply Management (ISM).
Precious metals prices have been declining recently due to the higher interest rate projections by the Federal Reserve, but the weakness in gold prices may also be influenced by China's internal market dynamics and its impact on global gold prices.
Gold prices are slightly lower after the US employment report for September shows stronger-than-expected non-farm payrolls gains, indicating that the Federal Reserve will likely maintain its hawkish stance on monetary policy.
Gold prices have experienced a nine-day losing streak, but some analysts believe the market may be nearing a bottom, with the precious metal showing modest gains at the end of the week.
Gold prices may continue to increase due to the Israel-Hamas conflict, higher oil prices, and higher demand during the festive season, but the upside may be limited by the possibility of continued monetary tightening by the US Federal Reserve.
Gold and silver prices slightly decline after U.S. consumer inflation data comes in higher than expected, but tensions in the Middle East maintain a safe-haven bid for precious metals.
Gold prices fell on Monday after a series of strong gains, as investors shift focus to the potential spillover from the Israel-Hamas war.
Gold and silver prices have been boosted by geopolitical concerns and dovish comments from the Federal Reserve, but the path of least resistance for gold remains sideways to down unless there is a reversal in US Treasury yields.
The number of jobless claims in the US has dropped to its lowest level since late March, indicating strong momentum in the labor market; however, gold prices remain steady due to factors such as geopolitical uncertainty and rising inflation expectations.
The price of gold has been rising due to several economic and geopolitical crises, but factors such as a strong US dollar and rising interest rates may limit its future growth.
