Gold rebounds after dip below $4,110; bias stays neutral to bearish
Gold briefly dipped below $4,110 support but recovered, as geopolitical tensions support oil; the technical bias remains neutral to bearish.
Gold, crude oil, industrial metals and agricultural products: supply and demand, inventories and geopolitical risk.
Gold briefly dipped below $4,110 support but recovered, as geopolitical tensions support oil; the technical bias remains neutral to bearish.
Oil prices rose on Middle East risks, while Japanese and South Korean stocks fell. Gold rebounded towards $4,140.
Gold rose as the dollar eased from an 18-month high, but a break above $4,275 is needed for a sustained recovery, analysts say.
Chevron and Shell have shut in production at nine Gulf of Mexico facilities as Tropical Storm Isaias approaches.
Axios: Pentagon readies for possible Iran strikes; Trump has not made final decision.
A Reuters poll finds 37% of Japanese firms see oil volatility as the top earnings risk, ahead of currency and rate concerns.
A tanker was hit by multiple projectiles off Qatar with crew casualties, expanding Gulf shipping risks beyond the Strait of Hormuz.
Tropical Storm Isaias has formed in the Gulf and is forecast to make landfall near the Mississippi-Alabama border Friday night, while oil prices slipped.
Gold and silver saw $400 billion in paper value vanish in minutes as US bond yields hit 2002 highs. The loss is a revaluation, not a market outflow.
EIA reported crude inventories fell 3.186M barrels, far exceeding the expected 1.722M barrel build.
Crude oil rebounded after supply risks from Houthi attacks and a Gulf storm outweighed improving exports.
China's central bank bought 740,000 ounces of gold in September, its largest monthly purchase since 2023, as prices fell.
Gold consolidates near lows as traders await US-Iran talks and US CPI data. Key technical levels are 3,885 support and 4,700 resistance.
Perseus CEO Craig Jones says uncertainty over gold prices is blocking M&A deals, with buyers and sellers unable to agree on valuations.
Oil rises on Saudi-Houthi attacks and Gulf storm; gold dips; FOMC minutes due.